Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-06-18
ARRIVALS AND DEPARTURES.
LOCAL MINING IrRMs.

As far Is stocks are concerned, all
we have to say Is that depression con-
tinues to rule. The Yellow Jacket is
the healthiest in the list of leading
mines, closing firmly and advancing.
In the matter of finances, the .Ita says:
"Money Is getting more abundant.
There have been many sales Of mining
properties. The prospects Of the wheat
crop have improved, Is we'll rs the
chances Of selling it to advantage. The
gold crop Is also more productive, and
If we continue to economize purchases,
and only at low prices, while we get
more for products, the future will
again be bright. The deposits in banks
are swelling in amount, and are now
probably so per cent. more than at the
same time last year; the rate remains
l@lL per cent. at bank; ll1@2 per
cent. outside" We give the following
items of information relative to the
mines in this section
SACRAMENTO AND MEREDITH.
Owing to continued difficulty In OBJ
tanning a sufficient supply Of water,
the new mill has not yet been able to
run up to its full capacity, although 1t
has done very we'll thus far. This diff
ficulty, however, will be fully olivia
ted to-day. The first cleanup of the
mill was made yesterday. 1t was only
q partial one, from one battery, the
pans not being completed, yet the
quantity of bullion retorted looked
very satisfactory. We shall be able to
speak more definitely of future clean
ups. As to the mine, there Is a vast
amount Of ore uncovered in the sur
face deposit-enough to last for 4 year
or two at least. IL is decidedly the
best thing on surface ore we have yet
seen along the Comstock, and the IA
cilities for getting it to mill are well
and economically arranged, by double
car track on 4 steep incline, the loaded
car going down drawing the empty
one back. Each a carries three tons
ut a load. 1t is all free gold ore, easily
mined and worked, and the company
ought to do we'll at 1t. The mine and
mill are we'll managed, and when all
the little details are fully arranged and
brought into practical application, rs
they shortly will be, the Sacramento
and Meredith Company will make
money At the regular meeting Of the
company. held on the 18th instant, at
San Francisco, the following new
Board Of Directors We're chosen: Jas.
B. Haggin, Lloyd Teyis, Rolla E.
Brewster, Walter W. Blow and James
N. Livingston. Subsequently James
B. Hagpin was elected President, JAS.
VI. Livingston. Vice President, VIM.
Doolan, Secretary, and L. +. Smith,
Superintendent.
HALE 4 NoRcRoSs.
Daily yield $50 tons, principally
from the seventh or l,200-foot level,
which Is now again yielding at the
regular good old rate. The ore breasts
at the cSr-track floor and two floors
above, where 1t has been raised on,
look splendidly. The cross-cut l5O
feet north of the shaft shows nearly
so feet width of ore without finding
the west wall. Drifting northward
has progressed to within 40 feet Of the
north winze. This winze is being.
sunk from the level above, and Is about
siy feet from the Savage line. 1t Is
now down nearly to the seventh level,
and the drift north will connect with
il within the next two weeks. The
bottom of the winze is in 4 very light
grade ore, improving somewhat IN
further sinking. therefore whether the
ore body extends into the Savage mine
or not Is still an open question. Inc
upper workings, or old portion OF the
mine, yield about 60 tons of fair grade
ore daily. Receipts for May, Sl6i,S9o'
YELLOW JACKET.
Daily yield, 400 tons quite an IN
crease from vi last report. About $50
tons Of this Is low grade from the up
per workings, and the balance Is high
grade from between the 500 and 900
foot levels. The excellent body Of ore
at that point holds out we'll /; looking
and yielding better aud better as de-
veloped. Its this fine deposit which
Is bringing the mine out all right, and
even promising to astonish STOCKHOLM
ers with q dividend before many days.
The DRIFT at the l,lOO-foot level from
the Crown Point Is progressing rather
slowly at present, owing to the hard
ness Of the rock and the hot air. The
l,0OOLfoot level Is incumbered by water
and Yields no ore at present, but will
again when drained by the DRIFT below.
cHoLLAR-PoroSI.
Daily Weld about $50 tons, asSayinS
asa on the average. The Belvidere
section shows a very large amount OF
good ore In raising toward the surface.
fbe Weld will be good from that quar-
ter for = long time to come. The Blue
wing and New Tunnel sections yield
their usual amount, the ore showing
of late somewhat Of an Improvement
In quality.
Owing TO the breakage Of the pump
the water has risen 300 feet in the new
shsft. Repairs will be completed by
ths middle of next week, but 1t Will
he two weeks before the water Is all
OUT and drifting resumed at the lowest