Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-04-26
MININe SUMMARY.
r., w,.k Rndins April %, 1879

RnR tho "60k huuAh8 "
During the week Stocks have shown
a gratifying degree Of livellness, with
considerable advances, especially to-
ward the close. Money Is compare
lively free and easy once more, and
the outlook is decidedly propitious aud
encouraging. The San Francisco Alta
says of the financial situation:
Money is In good demand at regular
rates, but Is also In better supply. AZ
bank l91L per cent per month Is nae.
The loan societies. as q whole seem to
have a little moro at 99l2 per cent.
The Stock market will probably EN-.
ploy more, as>it Is easier at command
Of the public generally. The improved
state OF affairs In New York III respect
of gold also tends to greater ease mere
since 1t Is OILY the high rates paid LOT
the use of gold that attracts it hence
Rut New York merchants pay 1GlH
per cent per month for paper money
on their notes, and that ! per cent per
day is paid for paper money at call,
concerns only those who use paper
money-it Is ofto interest here. When
gold can no longer be used there at
better rates than here II viii return
and be very abundant.
We learn that the new capital OF the
Rank of Bremen-$3.O 600. 0O0-has been
placed; about g. 900. 900 will be taken
by the Bank of Bremen, and $l,O0O,-
600 here. The names Of Messrs. Roe
ding, Spreckles. Daniel Meyer, Living,
ston aud Frledlander, are connected
with 1t. The last named gentleman
has gone East for n short recreation.
The recent rain has impaired conf
dence to the future of the crops. The
supply of coin Is considerably greater.
The bullion Of the Bslcher and Crown
| Point mines now comes to this city,
and the gold, being separated, goes to
the Mint, considerably swelling the
coinage. The April receipts for these
two mines will Do very large. The
production Is nearly 800, 900 per day
In the two mines, and for the present
| IL comes here for the extraction Of the
gold for coinage, and this may reach
$50, 900 per day. The receipts OF bull
| lion in the city are very considerable
and the Mint Is active this month.
| According to present appearances the
coinage will exceed $2,0O0.0O 0 and
! the change going on In the destination
| OF Washoe silver will greatly enhance
| the supply. The new trade dollar dies,
it Is said, will be ready June LIST. There
will be an abundance of fine silver for
them by that time.
Below we give what We know about
the miues:
Grown Psint
Daily yield $50 tons from the 1900
and l3OO.foot levels. The incline 10
down 10 feet below the l4OO.foot level.
The bottom Is In hard blasting rock,
| with very little water coming In. The
south drift, l400.foot level. Is In lao
feet. the rock barren, but easily worked
| with n nick. Ths cross-cut east from
the fifth floor above the l300-foot level.
100 feet north Of the Belcher line, Is
again In ore. The slopes In all The
levels above the 400 are looking fine.
ly. The new pump will be In running
order next week. The San Francisco
1na, In an able article relative to the
unparalleled ore body Of tho Crown
Point and Belcher mines, says; III
has been followed through four levels,
and two more are about to be opened.
The quantity Of ore which has been
laid open will last four years at the
present rate Of working, and there Is
no doubt whatever Of Its Indefinite
continuance. The popularity Of this
ore body Is that while all those found
hitherto In the Comstock have been
nerpendicular to the foot wall, and
ending with 1t, that In the Crown
Point runs with the qualifications and
improves In size and richness as It goes
downward. The great and continued
improvements In the se~lf-acting ma.
chinery nearly obviate the inconve'
nience of deep working since the Ok
pense of a few hundred feet, more OF
less, Is barely appreclable. The Uni
ted States Consul General, at Mexico,
reports the Guatimoctrln silver mine,
which produced $997, 900 profits for the
wear 1870, at a Value Of IS, 1000, 600. The
Crown Point earned $2.l00, 900 In
three months to April /, and paid 81
100. 600 to the stockholders. This month
of April 1t will earn nearly rs much
as did that Mexican mine for o year.
Beicher.
Daily yield about $50 tons from the
1000, HOO, 1900 and l3O0.foot aevels
The main incline Is down 1l8 feet be-
low the 1900. foot level. with the bot
tom In hard, dry rock. The timberine
of the main south drift at the 100000
level Is progressing we'll, and as soon
as completed, drifting south will b
resumed and pushed ahead as fast a
possible toward tho main incline. A
the 1900. foot level the north drift from
the incline Is In pa feet, and the souti
drift to connect with 1t Is In 404 feet
leaving about IS feet to run In ordeI
to complete the connection. Some un
usually fine ore Is coming from thu
breasts and slopes Of the 100000
level, by way of the Yellow JACKIE
shaft, aud tho other ore producing sec
lions of the mine are looking ant
yielding finely as usual. The bullion
receipts for the present month Will ex
coed that Of last, and with the larg'
surplus left In tho treasury after pay
ing the last dividend, an increased
dividend may be looked for. The ma
chinery and everything works well.
Miaa
Tho eas. drift for the ledge, 70 fee
below the surface, Is being a~ctivel.
driven ahead. Some very fine ore ha
been II into about rs feet from tn
main shaft. The vein Is about tw'
feet In width. A quantity OF the or
shown US this morning looks very ric
In .ulphurets, and so closely resemble
Crown Point ore as hardly to be d..
tinguished from 1t. The apparent In
portance Of this discovery CAN hardl.
be estimated, situated as 1t Is directl.
east of the Savage mine, some three o
four thousand feet, and running Int
the hill OH the opposite side Of tn
ravine, showing that a rich vein OF or
exists east OF and In close preximit
to the Comstock, yet independent Of u
The ore vein mentioned, however,
evidently q spur of the main ledge
and the drift 10 In about ten feet bt
yond 1t, with every indication Of 500
7 ...LI.- kbo o,otn ladro "a fharo a