Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-08-09
LOCAL MINING SUMMARY.
For tho Week Ruaius Assust ., 1873.

For tho Week Rniins August ., 1879.
The stock market for the past week
has been somewhat f%uctuating, closing
last evening at about the same figures
at the opening Of the week. There
seems to bs no strength In the market
whichever, Notwithstanding the fact
that money Il plentler. and rates easier
In San Francisco than they have been
for the past two years. Not only Ia
this the Ease with the banks aud loan
societies, but It |. also plenty In private
The yield Of the mines Ia
OH the increase. than the de-
aud there seems no sound
reason whatever for the continued fiat
of the market, except the perfect
loss OF confidence engendered IN the
mind Of the public by the heavy in-
creasing aud terrific operations OF the
san FranclSco bulls aud beats. Moth
Ing but the development Of new extern
sive aud rich bodie, OF ore In some Of
our leading prospecting mines can
restore the public confidence aud cnuse
Il rally In the present low prices.
Below We give what We know about
the mines:
Belchor.
The nam south drift on the 1900
foot level Is still driven vigorously
ahead. the face In rich ore. This DRIFT
l. now la 3l5 ieet from the north line.
The ore breasts ut the sill floor OIL this
level are gradually extending to the
eastward Us the work progresses. tile
body ot ore widening going south
ward. The southeast crO,S-cut from
tile maln south drlit OIL tile 1910 loot
level Is again being driven aiirad,
there being nc doubt Whatever. judg-
ing from the tension Of the ore body "
the eastward, where II IL being
breasted out. that the itch yeiu OF ore
lying uext to the east wall Of tile
ledge has not yet been reached. The
wimze lU0 feet south VI tile Crown
POINT ilue, from the l3UU. to tho ll0U.
loot levels. Is down rs feet, the Whole
distance Ia rich ore. The ore breasts
throughout the entire milne lIave never
looked more promising Or yielded bet
ter than NJ the present tine. Daily
yield $50 tols. Average assay VI car
samples, $llU. The gross proceeds oi
tile past month amounted 10 nearly
Sl,0Ju. wv, while the actual outlay out
,lde VI supplies purchased, Which are
equivalent 4 cash Oh hand, amounted
To- only u little over $l7U.UUU. A divt-
dend vi Il per share WAS paid the
Stockholders vn tire 9th lust, agxrrga-
thug $72S,VOO leaving u large surplus
la Tie treasury to carry over " next
mouth.
Crown Point
The ore breasts OIL the l0O0-foot level
are looking finely, showing consider
able Improvement In the quality Of
the ore extracted. The ore breasts
the l2OU foot level are both looking
aud yielding splendidly the ore being
all OF high grade. The l30O-foot level
rich II yield as 1T present. The north
winze from the l300. foot level Is down
q ieet, the wht IL distance la ore that
will average over $50 per ton. The
winze Is down seventeen
ieet. the entire distance In rich
me. The flow Of water from tile
drill holes IN the face Of the esst cross
cut from the south drift on the 1900
foot level continues without abate-
There WAS shipped during the
past mouth III. 172 ton, Of ore the yield
III which i estimated ut 627. 77O. A
dividend Of 81 per share agregating
SlOO. OO0 was declared yesterday, pay-
able August 18th.
Consolidated vIrginIn
Sinking the shaft has been suspended
FOR the purpose Of putting In new
pump tanks at the 25O- aud o00.foot
stations. The heavy stone foundation
Tor the new holstiug aud pumping ell
CLUES IL completed, the engines are In
place, aud the other hoi-ting anu
pumping machinery fast approaching
completion. When It l. ono In run
ming order. which IL will be In r very
time. the body OF water, now
interfering with the progress OF the
work on tile llj7-fuot. will he drained,
md the Virginia Consolidated will
SOON take rank with II other ore pro.
mines. N0rhins haI hern done
our last report In the main DRIFT
the 1857 foot level from the Gould
Il Curry shalt.
CaIedsnia.
A fine body OF good milling ore.
lying nearly against the west wall OF
tho ledge In the north Drift OIL the 500
Iuot level, has been developed during
he week. Another body OF ore. some
80 feet further to the southwark. but
Iriny nearly against the east wall OF
tic ledge. haI also been struck: These
4. velopments OIL the lower levels Of
the mine are very encouraging, aud
augur well for itS future prosperity.
The winze from the 400 foot level haS
male connection with the north DRIFT
Oh the 500 loot level, giving y splendid
circulation of pure air, cooling the
level aud greatly facilitating the pro-
,ress Of the work. The Sapphire mill
!. kept steadily running OH ore from
the mine.
Jastice.
The east cross-cut from the main
Iouth drift OIL the 400 loot level Is still
lriven eneryetically ahead. having
,bout 20 ieet more to run to reach the
I'D Cedar Hill chimney. where some
excellent ore developments are looked
Tor. Both the main north and south
lrifts at tile $50 foot level Of the Waller
Defeat shaft. are still driven ahead
without any new developments OF III
.erpst To report. The east cross-cut
rom the main north drift has dpvel-
,ped soine fine ore. which IL Il the III
to commence extracting In a
very few days.
Chsiiar.PstosI.
Daily yield li0 tons Of ore. the assay
value Of which l. $50 per ton. The diff
ore breasts show a decided I'm.
proyement. aud are. II anything. more
for future yield of ore than
Tor some time past. The cro.scuts
east at the fourth station have devel.