Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-07-12
LOCAL MINING SUMMARY.
For tho Week Ending July II, 1873.

For tho Week Ending July IL, 1873.
Stocks are down and no one seems
able to account for such a disagreeable
state Of affairs exactly. Money seems
plenty enough. The San Francisco
Alta says the following on the subject:
Money continues to be 10 active de-
mand and also In very good supply. as
well loaaable capital as coin medium,
at 1918 per cent. on commercial pa
per, and 9&l2 per cent. OH long terms.
There Is u fair movement OF the crops,
which requires money. but there are
no active operations to cause an extra
demand. while the supplies of bullion
from the mines are on the increase.
The receipts of bullion thus far for
tie month have been unusually
free. being at the rate OF 3d.
600. OOO for the month. The Mint,
consequently, Is very active for the
coinnge of current receipts as well rs
those of last month. The demand for
bullion has, to some extent, increased
to cover bills /; the railroad takes some
this week. and some Of the bullion that
now comes here will find its way to
London In the next fourteen days. The
grain bills are not in 20 good supply
the high rates Of freight, the decline In
the Liverpool market aud tile expert
ence OF exporters last year are all OPP
posed to any great activity. aud bullion
Is more in demand for shipment.
Below we give what We know about
the miues:
Crown Peint
Owing to the breaking Of onc of the
spur wheels OF the hosting engine du-
ring tho first of the week, the usual
yield of ore has been greatly lessened,
comparatively few mel being chi
ployed In extracting ore. The main
south DRIFT OIL the 400. foot level Is
still driven energetlcally ahead toward
the Belcher line, with no change Of In
terest slEce our last report. The east
cross-cut from this drift. to tap and
drain the heavy body Of water between
the 1900 and l400-foot levels Il In GS
feet, four drill holes being kept driven
ahead to drain the water, which Is
easily handled by the pump. As fast
rs the pressure Of the water decreases,
another drill hole Is started. 80 aS to
keep the supply of water up to the full
capacity OF the pump. As soon rs the
water began to disappear from the
l3O0.fooS level. three different Wines
were started on that level, one near
the north line. n near the center,
and the other near tho Belcher line.
The north and middle winze are each
down eight or ten feet, tho entire dis
lance Ia rich ore. The machinery Is
again repaired. and the ore yield will
BE- increased during the coming week
to $50 tons Of ore per day. Tho divi-
dend of 81 per share. declared OH the
Sth instant, and being dlsbursed to-
day, aggregates 800. 0O0.
Green Minc.
Some rich quartz encountered In
cleaning out tho old incline shows a
concentration Of the fine stringers Of ore
found above. Progress In the incline,
however. IL necessarily slow. owing to
the works having laid idle so long.
neccssitating the removal of considera-
bio debris. aud some slight caring. In
every Instance, thus far, the favorable
condition of the mine fully agrees with
the accounts given BY former Superln-
tendents. therefore the company are
fully confident OF finding the rich body
of ore Mt the bottom Of the incline, 80
favorably described by the Snperin-
,endentS aforesaid. That point Is ex-
pected TO BIZ reached by the first OF
next month.
Beichcr.
Daily yield. about $50 tons per day,
from the four orc producing levels, all
OF which are still looking finely. The
south drift Is in $50 feet from the
Crown Point line, with the face still
In fine ore. The main incline Is down
l9l feet below the 1200.fo level. and
the 1900 foot level station will be
opened as soon NJ the surveyor gives
the proper points to start from. The
dividend or IS per share, declared on
the 9th Instant and disbnrsed day be-
fore yesterday, aggregated $4,000.
Baltimore Consolidated.
The heavy body Of water at the
upper level in the ore vein shows no
sign Of decreasing. which may be con-
siiered n fair Indication that the lower
level drift has not yet reached that
ore vein, rs It would doubtless tap the
water. The nortl, drift Is still follow
ing the ore vein, which shows contin-
ued improvement rs farther driited
upon. At the lower level the drift
west IL in clay aud quartz. with In
crease of water. The indications are
such rs to justify tho belief that the
ore vein Is close by.
Consolidated Virginia.
Sinking the shaft Is making steady,
though not quite 80 good Roadway as
at u last report, owing to tho strlk-
lug of n belt OF porphyry of a much
harder quality than that heretofore
penetrated. The main north drift OH
the ll67-foot level from the Gould q
Curry shaft has made no progress dur
ing the week. on account of the heavy
and continuous flow OF water from the
face, which Is all that the new pumps
Of the Gould & Curry a handle.
Juiin.
The main east drift OH the 500 foot
level is still driven vigorously ahead,
with no change to note. The south
drift from the main west tunnel OIL the
10OO.foot level tapped n heavy body OF
water on Thursday last, which has
stopped all work In tie face for tho
present. The water rose In the SHAFT
n distance of 90 feet, but not so as TO
Interfere with the work. The hosting
tanks arc now able to drain the supply
with ease.
ChoiInr.Pstosi.
Daily yield 100 tons of ore, the assay
value of which is $50 per ion. The ore
breasts In the Belvidere, Blue Wing,
and other portions of tho old workings
in the upper mine. are not looking
quite so favorable. The east cross'cni
from the main northwest lrift ut the
fourth station IL IN 60 feet, the face In
quartz carrying some metal, but show
Ing no rich development rs yet. An.
nual meeting next Monday.
New York Consolidated.
Shaft down aG0 feet and making