Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-08-02
MINING SUMMARY.


Fer the Week R.atas August Q, 1879,
The favorable Indications Of an ad.
vance In the prices OF stocks at the
close Of last week proved but temper.
airy and weak In It's nature. and wal
followed through the forepart Of The
present week BY another tumble 10
terrific and startling In his character,
as to cause sven the Oldest and most
experienced dealers to shake and quail
before the terrible avalanche. This
fearful fall aud long continued depres'
sion has extended 80 FAR as 70 even en-
gender q feeling Of dlstrust In regard
to the future Of the great Comstock
lode itselk, doubts that are but tho nat
ural results Of such . fearful crash,
and that can be alone dlssipated BY
new aud rich developments OF oreFtn
the lower levels Of our mines. That
there Is not the least foundation. In
fact. for this feeling every n CONVEX.
SAINT with the condition, yield and
prospects OF the principal mines OH
the line Of the Comstock know full
we'll. Our two leading mines, the
Belcher and Crown Point, never
showed better, or looked more prom
ising for future rich returns than at
the present, In addition to which we
have the almost certain promise OF the
opening and development Of new and
rich bodies Of ore In the Virginia Con-
solidated, Baltimore, Silver Hill and
other mines.
The money market In San Franclsco
has not been easier, or the rates less,
for the pact year than at the present;
during the past ten days transfers OF
gold from New York tn that city OF
over $l.oOO. 700 has taken place. and
still IL the face Of this perfect case. al.
most stagnation in money matters aud
the extreme low value Of stocks, spec
ulation seems dead, ~lifeless; the
manipulators Of stocks have lost all
courage, and for once tho bears have
everything their own way. Below We
give what We know about the mines:
nsiches.
Daily yield, $50 tons Of ore, averag-
Ing $85 per ton. All the slopes on the
different levels are looking and yield
Ing finely. The r slopes on both
1900 and 10000 levels show a decld-
ed improvement going south, the ore
being all OF high grade. The main
south drift on tile l3OO-foot level, u IN
800 feet, and still In good ore. The
winze on the l200.foot level, 100 feet
south Of tho Crown Point limo on the
east side Of the vein, Is down II feet In
splendid ore. The heat on the 1000.
foot level Is very great. The general
appearance OF the south portion OF the
milne. leads to the belief that the ore
body Is OF much greater magnitude
than wa hoped for, taking the upper
level rs q standard. The company
Is prepared TO greatly Increase the
quantity Of orc extracted from the
mine, but owing to tho scarcity OF
water In the Carson River, cannot get
1t crushed.
Now Ysrk CsssslIdatcd.
This mine. under tho able and ef.
icient superintendent Of Mr.. Thomas
Brook, an old and experienced miner.
Is fast taking rank and station with the
leading prospecting mines on the line
OF the Comstock. Everything In aud
about the mine 10 conducted In the
most bu.inesslike and economical man
e possible the total amount Of fuel
consumed In running tho hoisting and
pumping machinery not amounting 10
one cord Of wood per day. The water
has continued to Increase In the bottom
Of the shaft until It requires the hoist
Ing of Is tanks an hour to keep 1t
down sufficiently to permit Of the
prosecution Of the work. This Il GER
tainly q good indication Of a near
approach to the ledge, and good results
may DO looked for soon.
Gssid d Csrry.
The main northeast drift. on the
1900. foot level, |, still driven ahead,
the face In quartz OF a very promising
nature. The east cros,.cut In the main
south drift on the l600.foot level, has
cut through a heavy clay wall Into a
body Of quartz that gives excellent
promise Of some good ore develop
ments soon. The orc breasts on the
second level continue to yield from 10
to 20 tons OF low grade orc per day.
and a drift has been started 100 feet
lower down to prospect the ore body
at 4 greater depth.
Csa~ssiidaseA Virginia.
Sinking the .haft Is making excel
lent progress, tho rock In the bottom
blasting finely. The flow OF water
from the face OF tho main north drift.
on the llS7.ioot level. from the Gould
& Curry shaft, continues undated,
and no progress whatever has been
made siuce our last report. The cree
tion Of the new hoisting aud pumping
machinery is tast approaching COM
plstion, aud We hops soon to place the
Virginia Consolidated OIL our list OF
regular orc producing mines.
CaisAsnia.
Tho north Wine from the 40o-font
level will make the connection with
sbs malu north drift on tho b0o.foot
lercI In = very few days moro, giving
a much needed circulation Of pure cir
and greatly facilitating the prospect
Ing aud extraction Of ore oil the level.
Tho prospects OF the development of
fine body OF good Z by the north
drift, on the 5O0-foot level, Is steadily
Increasing as the work progresses.
The sapphire mill Is kept steadily run
ming on ore from the mine.
silver HiII.
The main northwest drlt at the sec-
ond station 10 still driven ahead, the
rock In the face working finely, with
. slight increase OF water, though not
enough to Impede the progress. Tie
main north drift At the hrst station has
been driven until near the Justice line,
the face still In good ore. 1aily yield
go tons OF ore, mostly from the orc
brpast In the north DRIFT 1t sho 6rst