Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1871-10-11
Mines aud Money.

We copy the following from the San
Faancisco Alias commercial article OF
Monday evening:
The Stock market WAS stronger ut
the opening, with higher prices for the
leading stocks. -. The Superintendent
Of the Eureka Consolidated sent nd
vices October I'd that ore had beel
found in the lef. wing OF the Sentinel
tunnel, three feet wide. On the 4th
he reports the vein Z to s feet wide.
October Sth he reports: lore in the
left wing of the tunnel 10 feet across.
That In the other wing Is the richest
average ever struck in the HILL" Dc
tober 9th: "Ore Is now commencing
to accumulate" 1t will be remem-
bered that the two Wings Of the tunnel
alluded to form the two sides Of u tri-
angle, of which the ore struck in both
Il the base. about 100 feet long. The
same ore has been found at different
points diagonally across the hill. 400
to 500 feet, aud its value Is very great.
.... Meadow Ealley-On September
account $li3, 1856 has been received so
far. Pulp assays 18th and 9Th, $l52
per ton. 49,. Chollar-Reports for week
ending October It'll: Ore extracted,
705 tons. Average assay value. al Us
per ton. Since the report of the 30ttf
no change has taken place In the mine:
.... Belcher-2,0 900 tons Of ore worked
ut the Petaluma and Occidental mills
In September yielded $l6l, l03 09-an
average Of $50 10 per ton. Occidental
mill pulp assays on the 9th, $ll7 81.
$500. Raymond t Ely-The Superin-
tendent, under date Of October 9TH,
writes: Tho bodies Of ore are In.
creasing rs we descend and the quality
Is improving. We have n full supply
OF No. l ore mt the mill and
over two hundred and fifty tons Of the
same on the dump and in the dump
house. In sinking on the Burke shaft
we have very favorable indications Of
the vein becoming permanent Grown
Point-On the 18th, the 1900 level was
Improving. No change elsewhere. 80.
phpnix-A letter Of the 9th says: "a
marked improvement has taken place
in Lynch's lower level at a depth Of
81 feet, running east. The vein Is much
larger, anu LHe OTo TICHcE tiihl AsAesV
fore. -. The Washington & Creole ha:
purchased 600 feet OF excellent ground
adjoining their present mine on very
hvorably terms....A At the afternoon
Board the market was active. Wash
ington & Creole was so cents higher.
Bslcher fell Sl2; Crown Point, s.. II
Il stated that the averages In the face
Of the Belcher drift run low to-day.
Nearly 5000 shares Eureka Consolida-
ted were bought during the day, rails
ing the price 81 over that Of Saturday.
The terrible fire In Chicago which
was raging to-day attracted general
attention. The accounts which have
thus far come through are vague, be-
gond statements Of vast tracts Of land
overrun BY fire. The most exaggera-
ted rumors, Of course, prevailed in re-
lation to losses and their influences.
There must necessarily be some time
elspse before the whole extent Of the
calamity Is ascertained and it will
probably be found that our local com.
plnies have been less hardly dealt with
than was feared. The commercial in.
debtedness between this city and Chi.
cago was not large, and no difficulty
will arise from that source. Capital is,
and has been. very abundant on long
terma, and this may now find employ.
ment on Insurance. securities.