Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-12-20
LOCAL MININs SUMMARY.
Fer III. Week R.dins December 10, 1879

LOCAL MIMlh6 SUMMARY.
Fer the Week Radins December 10, 1873
The past week has been a very lively
one In the matter of stocks. most de-
scriptions at the first of the weok run
ming up to higher figures than most
anybody anticipated. Ophlr had the
lead, owing to unusually good pros
poets and developments In the mine ;
also Influenced doubtless by the AN
nusl election OF the company taking
place. This rise In stocks vas very
unusual aud unlocked for at this sea-
son Of the year. Before the middle Of
the week, however, came q general
tumble OF all stocks-Ophlr and all.
At the close, however, they rally, most
descriptions being considerably sitter,
with an advancing tendency, indica-
ting a good market again next week.
The dispute between the Belcher and
Crown Point Companies. relative to
the boundary line between them aud
the ore alleged to have been taken BY
the Belcher from the Crown Point
through an incorrect survey,
was finally and satisfactorily
compromised on Wednesday last by
tho Belcher Company agreeing to pay
the Crown Point Company $4,000
and rellnquishing all claim to the
ground In dispute. According to the
most accurate survey, the Belcher Com
pany were found to have worked If
teen feet over their line at their 1900
or lowest working level, and a proper
tlonately less number Of feet at each
Lowell above, up to the 90O-foot level,
where the variation commenced. The
dispute was amicably settled, without
resort to law or the Courts. Accord
Ing to present appearances stocks
should DO very lively next
Spring, II not sooner. Money matters
are easy. and rates Of interest CORE
spondingly reasonable. Below We give
what we know about the mines.
Ophir.
The development In this mine Of q
fine body OF rich ore by the main south
drift OIL the l465 foot level, has been
one Of the exciting features Of the past
week. Indications had been previous
~ found on the l3O0.foot level, giving
an almost positive surety Of a better
development on the level below. That
expectation has been more than real
lied, the ore body discovered being Of
exceeding richness, and as yet Of UNI
known extent. and judging from the
quality aud character OF the ore, there
seems hardly room for a reasonable
doubt but that 1t Is simply a continue
ton of the great ore bonanza found In
the Consolidated Virginia. The vast
Importance Of this development can
hardly be duly appreciated. proving
as 1t does more and more when taken
In connection with other recent devol-
opments. the permanency Of the great
ore deposits, rs our mines attain great
er depth. along the entire length OF the
lode. The south drift. on the l70O-foot
level, tapped during the week a strong
stream Of very hot water, indicating a
near approach to the main ledge. Up
on the developments Of this DRIFT pub
lie expectation must necessarily cen-
ter for some time to come, for II a con-
| tinuation Of the present ore body Is
| found OIL this level also. there Will be
a new resurrection Of the entire north
end of the Comstock. a special meet
ing of the stockholders Is called for
Wednesday the 2lst day Of January,
| 1874, at tho hour Of M o'clock 7. NJ.
to take into consideration and decide
upon the proposition to Increase tho
capital stock OF the company from So
Ot0. 900, divided into 1G,SW shares Of
the par value of $500 per share, the
present capital stock of the company.
to $40, sou, 900, divided into lOO,SO
shares of the par value OF $l0o per
share.
Consolidated Virginia.
The north wlnze on the l2OO-foot
level is down 40 feet, the bottom In
fine ore. The raise from this level Is
I'M 1876 feet, also In rich ore. The ore
at both the bottom Of the winze and
tho top Of the raise shows a decided
Improvement over that heretofore en-
countered. There Is no change In the
character Of the ore in the ore breasts
both north and south on this level.
The main east Drift at the l00O.level Is
driven vigorously ahead without
change OF interest. The main drift on
the l300.foot level is also making ex-
cellent Roadway. The Trench mill ut
Silver City has commenced reducing
ore from the mine. This mill Is one
of the largest and finest In this section.
II Is connected with the Virginia and
rruckee Railroad by q branch track.
so that the ore can be transported by
rail direct to the mill. The daily yield
of ore from the mine Is being steadily
Increased III proportIoii Us lho StVsn'
ing capacity Is extended.
Crown Point,
Daily yield, 400 tons OF ore. The
ore breasts and slopes on the 1900 and
1900 foot levels are looking we'll and
yielding fully up to the usual average
OF good ore. The main south Drift Oh
the 14OO.toot level IL making rapid
progress. being now only IS feet from
the Delchsr line. The heavy flow Of
Face, kla n.atn aOttfh drifl