Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-08-13
LOCAL MINING IrEMs.


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As we anticipated in orr last weekly
summary, a slight revival in the prices
Of mining stocks has developed itself.
and consequently the quotations Of
leading stocks n a little up. This
advance il more in accordance with
the true merits of the mines than by
reason of any manipulations by stock
Spectators. The truth Of the matter
Is that our mines are looking up-and
it Is quite time they did. As to
financial matters. the Alta says
Money is in good supply, without
material change In rates. The banks
discount at l9l4 per cent. and loans
OH long terms, upon unquestionable
security. are l0Sl2 per cent. per am
mum, with some exceptional loans at
less rates. The turn which the war
has taken, causing a fall in gold, has
not much affected this market. since
the war itself had no material intlu-
ence. The stagnation of business and
fall prices have curtailed the amount
of money TO be RENTED, and the
amount of Indebtedness is small.
There has been less demand for remit
;snce in consequence Of the fall In
sold. The dullness Of business pre-
Vents the circulation Of money, and
causes an apparent scarcity IN some
quarters. The supply Of bullion has
been fair, but the demand has been
active, carrying gold bars rs high as
9l5 for some lots. The amounts sent
overland by rail during the week have
been about 5000. 600. and II lot OF
Slil, 900 silver bars" The following
are what items of interest we have to
give relative to the present condition
Of III mines:
YELLOW JACKET.
The stock Of this mine has been
gradually crawling up during the last
week or so, even III the face Of consid-
cradle sales. All forced sales conse-
ouent upon the late election control,
however. are pretty much at an end.
and hereafter a more legitimate basis
In that respect may be looked tor. The
daily Weld Of the mine Is about 2OO
tons, all from the lower portion Of the
mine. through the south shaft. This
is all good grade ore with no admix-
ture Of low grade surface ore to dete-
riorate its yield. the north works being
permanently shut down for a while,
consequently the shipments of bullion
are increased at q less expense for
milling or mining. The DRIFT north at
the !, 00O-foot level is still being ener-
getically driven ahead. One hundred
and ten feet will carry it to n connec-
ton with the Wine from the oOO-foot
level, which Il nov down 100 feet In
the same good ore all the way. The
drift, however, will strike the body OF
ore before it reaches the Wine. At
the ], lOO-foot level the drift from the
Crown Point mine is also being driven
ahead at n satisfactory rate, and should
also sooner or later intersect the same
orc body. The Yellow Jacket Is one
Of the mines with n good bottom to II.
GROWN POINT.
I1,ily Weld about so tons of low
trade ore from the upper levels. The
duality Of this ore, however, shows
4a.a I,,tje improyement, especially
sSu, ,.nsn from the IGO-foot level. At
stis' -So e.. ,syej olso n small vein of
inc Ioo-I'o. 49, 4 fonr6 tbree feet
pretty S.In oas h,toS nn;,a scns;bIv
wide WHICH, e"".'i -" 80, hno,j ~
to n genera !iu,u' anu 80, ,ho
8 larger oodv: iNe ,he'l ,om.
l.OOO-foot statioh oil the s'E'i TO-.
down JUST SIX ee' pcioM tis III;
level-not quite so low down rs liui-
Gated by our last report. Inc side
drift. 10 feet in length. connecting TINS
incline with the main drift Of the
l,l00-foot level, Is Ju't completes, a,u
through 1t whit water there Is III tue
Incline Is sent 10 !he oo,s"'' - ,he
main smart r Mne n,do dr;h oiio giy,s n
surface: rms sue "r,It ",>o 49,
good AR irSu'a,m %sarar 4 Tbe
in sinking d imciiie ueepe, hno
bottom Of this incline Is III haru oarieh
white quartz u poFpnSr!' July IT,
,Heipts' s1o'i'-
KENTCcS.
About 80 tons per uas eT Th; '."Sne ~
zoe the yield OF TIT mine, lh's sI, .
mostly from the upper le'eiS, VIII"
few tons contributor IRON oe."esm
the 500 and 9CO'ioot ieVelS. a vel!
little l. also taken from uSt ABOVE tue
70O-4bot level, In the efforts 70 sc. q,
the good body OF ore known 10 he soS
sui ,aa sSSsSoo oeaI ie pSis'' The The e trouble IS,
nnS,svsr tbat fire still holds possession
Of that locality, and the Internal case;
proceeding ,he REF y, render r. nd Hes a00T How