Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-06-25
ARRIVALS AND DEPARTURES
Arrivals.
Local. MINING ITEMS.

Local MINING ITEMS.
Instead of any revival or recupera-
ton within the past week, stocks have
not only sustained the prevailing de-
preston, but experienced Il disastrous
break toward the close, running lower
than ever. We shall not attempt to
explain the reason of this demoraliza-
ton; can't do t.. The Ate says:
money is working more easy by the
increase of deposits in banks and the
increased credits to draw against. The
sale Of the E.berharIt mine for 81, 000,-
900 has Increased the sums to dLaw for,
and the amounts to be paid are less.
The leSsened demand for money, III
deed. grows out of dull business, and
with importers it has been very dull.
This Is not a satisfactory state of affairs
oil its face. but in u sense it is so.
It is \ sign that the people are buying
with great caution, living more within
their Incomes. and therefore bringing
about a more healthy state of affairs.
The production of bullion Is good for
the season. Judging from the receipts"
We have no important changes to note
I'm the condition of the mines Of this
section since our last report. There
certainly has been zone to Justify the
great fall in prices.
BULLION.
At the stockholders meeting of this
held last Tuesday at Vir-
cinia, it was decided to increase the
Capital stock of the company from
$1,000. 900 to 81, 600, 900, or from $500
shares, ut 300 per share. to 5000
shares ut 300 per share. At a sub
seouent meeting of the Trustees an
assessment was levied Of 3 per share
on each and every share Of the capital
stock Of the company, aggregatinS
S25, ZOO, and delinquent July 2lst.
There have been no sales of this stock
recorded in the Board since April 18th,
when the price vas 81 per share. The
principal mining operation Of the COM
nany L confined to drifting north at
the 5OO-foot level. In that direction
they have already penetrated about
3OO feet. At or near their north lin0
they should find plenty OF low grade
ore, and. perhaps. Some oil even better
character. Il may not extend Town 10
the 5OO-foot level, but they Will lind 1t
by "raising" from that level.
HALE & NoRCRoss.
Daily yield, 2G0 tons; principally
from the seventh or lowest level. The
upper mine shows improved yield.
The winze from the sixth level, near
the Savage line, has made its connec-
tlonIwitR the level below, giving good
air circulation throughout that part OF
the mine. The lower portion OF the
winze developed only low grade ore
and porphyry, giving rather Of a poor
showing for tho rich ore body 10 eN-
tend into the Savage mine, although 1t
nav at a lower level. The cross-cut,
l5O feet north of the shaft ~ the sew
nth level, has reached the west wall,
showing a width of ore ut this point oil
over 40 feet. Drifting south Of the
shaft will shortly be resumed. The
various breasts throughout this level
are looking as favorable rs ever. \
winze il being sunk below this level
from a point 20 feet north OF the shaft.
II Is now down 20 feet in excellent ore.
OCCIDENTAL.
Yielding at the same regular oid
rate. As usual. The lower tunnel Is
progressing well. and will intersect
with the winze from the upper mine
within two weeks, if the rock continues
"a favorable ~ IT present. The fouIl-
dalton work of the new mill Is COM
Dleted. and the frame was commenced
day before yesterday. The main
bnilding will be 10 by IS feet IN size,
and the amalgaMating room 80 by u
feet. The floor OF this room will be
Is feet below that Of the main build
ing. According to the terms OF the
contract the mill must be ready to
start I'D OH the first of September next.
The mill will contain 20 stamps, weigh
ing 75O'pounds each. The sale or stock
Cor DELINQUENT assessment Il been TIC
frrred until the I'll Of July.
YELLOW JACKET.
Yielding about 80 tons OF nlSn
grade ore daily from the excellent
deposit between the 300 soo-toot
levels, which shows no sign OF giving
ont. There are also about loO tons OF
Ion grade ore daily yielded from the
nnner levels. The lower drill from
the l,lOO-foot level of the Crown Point
mine has made but little progress
since our last report, owing to the
hard,lss of the rock, bad air, water
and other adverse circumstances.
There Is no "horse" encountered in
this mine to crowd the price Of its
stock down to its present low state ;
q Dbear" is whats the matter.
NEUTRALITY-SUSPICIOUS..
No change to report. The winZe
from the ll00-foot level Is down to its
connection with the level below, de-
veloping 10 ore, however. Sinking
the main shaft deeper Is resumed. \
deposit of fair grade ore has been found
IN the old workings Of the Imperial
iBtle, which promises 10 yield eonsid-
cradle bullion. Annual meeting o! the
company next Tuesday.
cuoLLAR-porosI.
Yielding about 30 tons of good ore
Ier day average assays, $66. The
Belvidere section shows Improvement.
but the other ore resources remain
about the same u 1T our last report.
4 good little bunch of ore, assaying
very we'll, is found in the old Potosi
level.
GOULD & CuRRY.
Daily yield, 20 tons ; average assays,
$50. No particular change to note in
any Of the ore-produclng sections ex-