Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-07-26
LOCAL MINIHs SUMMARY.


For tho Week IN iinG July %, 1873.
The heavy decliue In stocks con-
tlnued without intermisslon until
Thursday last, when the ultimatum
seemed to have been reached. aud the
market began to show evident signs of
prices having touched bottom, aud un-
doubted indications Of q firm and
speedy reaction. Savage. which had
steadily declined to $43 per share.
rallied yesterday to $iS; Belcher.
which sold on Thursday for $73, closed
at $Si. and Consolidated Virginia.
which sold for $74, closed firm at ISL,
while almost the entire list OF Com
stock stocks showed a irmness and In
clination to advance that they have
not done for the past II days. Speaking
OF stocks aud money matters. the San
Francisco Alta says: 1.-The decline In
the prices OF Belcher and Crown Point
embrace the dividends paid mean-
while. The result Is a pretty heavy
decline under the impulse given BY the
fall III Savage. which, Ike an ava
lauche, dragged surrounding values
into the abyss. Yesterday and to-day
the market rallies, marquis are justi.
lied, and the low rates attract buyers,
who come In for a good deal less
money aud better margin for a rise.
It l. understood that "a good deal Of the
fall VA, nominal. There were compar-
atlvely few shares Of Belcher aud
Crown Point. for instance. changed.
hands, being held strongly for divi-
deuds. and the market fluctuations DO
not affect them. The money market
continues we'll supplied at regular
rates. lSl4 per cent. at the bank for
commercial Use. and 9Gl2 nc the loan
societies where money Is In fair sup
ply without eliciting any very active
demand. There Is less demand for
money than usual at this season, when
the crops are ready for market. The
causes which last year produced an
extra demand for money arc evidently
not now In operation, and the actual
loanable capital Of the State. which
grows ont Of ia surplus accnmulations
from mining and agricultural Industry
Il evidently OH the Increase and pro-
duriug a change In the relative supply
to demand. The requirements for re-
mittance arc moderate. and the bills
growing out Of bullion and produce
shipments seem to suffice to cover,
with n very moderate demand upon
the bullion and coin in the city. The
rise in gold In New York does not
hasten shipments Of coin hence. al
though 1t reflects the larger exports of
coin from New York" Below we
give what We know about the mines :
crown Psint
Daily yield, $50 ton Of ore. The
main soutl. drift on the ll00-foot lev
ell Il making steady progress. the face
In porphyry. The flow Of water from
the east cross-cut from thi1 DRIFT has
somewhat decreased. and another cross
cut. 60 feet further south. u been
STARTED to assist In draining the water.
Both the north and middle winzes OH
the 1900 foot level continue In rich ore.
The winze from tho 1900 foot level u
looking finely. Ore breasts through
ont the mine are all looking aud yield
lug spl.ndidly. aud the prospects oil
rich returns TO the shareholders have
never been more tlatteriug than ut
present.
Belehor.
Daily yield $50 o IL OF high grace
ore. All the slopes are looking re-
markably we'll. The main south DRIFT
on the l30O-foot level Il still being
driven ahead, the face in rich ore. The
west cross.cut from this Drift IA IN ten
feet, the entire distance In excellent
ore. The east cross cut from the
drift on the 1900 foot level Is In q
fee. Fine ore Is encountered all
along. The incline Is down 2O9 feet
below the 1900 -fOot station. Have
commenced running a drift from the
Jacket incline for the purpose OF OPEN
Ing up the 400 foot level. The gen
eral appearance Of the mine Is very
flattering.
Dayton.
Work In the main drift west At the
2a5-toot level has been stopped for the
present OIL account Of strong indica-
tions of n heavy body of water which
The management do not desire to tap;
until the new station ut the 3l2 foot
level il completed. aud the shaft sunk
u or 80 fee, I've low the station 30 "a to
oftord u good stump. There Is OUT
little doubt that n good paying mine
will he opened when the ledge l.
tapped.
Dnrda.elies.
At tho annual meeting OF the COM
pany held In San Francisco July 18th,
the following gentlemen were elected
Directors: Jas. 4. Pritchard. (Presl-
drnt,N o. C. McCracken. Vice Prest-
d.ut.i and James J. Robbins. Score
,arv. Jnseph l.. King. The capital
stock Of this company has been In
creased two and n half shares for one.
and parties holding the old stock are
requested TO change It for the new.
silver gIitl.
The main north DRIFT at the first
station has penetrated to within IS feet
OF the company's north line. the face
still IN good orc. The ore stcpe. on
mi, level are still looking aud yielding
iinely. Daily yield. 60 tons OF ole.
Keeping the Bacon mill steadily run
ming. The main northwest DRIFT mt
the second station has reached To- with
In so feet Of the point where IL Il ex-
pec,ed TO strike the ole holy found Oh
the upper levels.
Caledonia.
The main north drift on the 5oo.foot
level has cut during the week some
good ore. with excellent Indications
of finding a large body. The north