Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-12-27
MINING SUMMARY.
"a, n. Weak Rudius Deeeussr ~, 1873

The stock market during the week
has been characterized BY heavy trans
actlons-large sales and big profits
BUYERS look forward to big profits, but
OF course somebody has to do the los.
ing. It would require a big prophet,
smarter than was ever known ofyet In
the history Of the world, to know what
stocks arc going to dc, In the next two
weeks. ophir shows better In its min
eral developments. and so does Consol-
idated Virginia, than at our last report,
and In fact the general outlook OF the
mines is first-rate-better than 1t has
been for many q day. The market
closes firm, with an advancing tend
cncy, and the prospect fora good mar
ket during the coming week Is excel
lent. Quite a number Of assessments
are levied, but they are needed, and
will pay in the end. Money Is plenty,
and obtainable at fair rates. Tie San
Francisco Alta says:
The largo stock operations employ
more money and have scattered profits
TO a considerable extent rs a conse-
ouence of the recent rise In values.
The coming year also holds prospect
of considerable improvement III gen.
eral business. growing out OF the In
creased purchasing power OF the poo.
pie. Capital has greatly accumulated
In the past year, but It is a great mis-
fortune that recent political events
have checked Its application to repro.
ductive purposes, except In the direc.
ton OF quartz mining. The demand
for money for remittance Ia small aud
very little treasure goes either by rail-
or steamer.
Below we give what we know about
the mines: -
Consolidated Virginia.
Daily yield of ore. $50 tons, being
all that the mills now employed by
the company can crush. Average
yieli Of ore crushed BY the mills du-
ring the past weeks, $Sl per ton. The
north winze, on the 1200.foot level. is
down a perpendicular depth OF lac
feet. the entire distance la rich ore.
Il was the intention TO commence cross.
cutting In this winze at the depth Of
| IUO feet, but the ore steadily lncreas-
ing In richness. has caused a steady
prosecution of the work of sinking In.
.tead. Many of the assays for the last
few feet run high into the thousands,
while the average for the past week,
has been over 5000 per ton. The up.
raise from the l2OO-f foot level, is up l37
feet, also In rich ore. The main east
drift, on the l000.foot level to connect
with this raise. Is making fine progress
having only about 40 feet more to run
TO make the connection, which will
then give good ventilation to the 1900
foot level and greatly facilitate the
work throughout the mine. The south
winze at n depth OF so feet. has passed
through the ledge and struck the west
CLAW wall, and Mt the same time tap.
ping n heavy flow Of water, which IN
a few minutes, drove the men out and
stopped the prosecution Of tho work
In that quarter for the present. The
new station at the l300.foot level, Is
opened aud n main drift started for the
ledge, which Is being prosecuted Will
all the vigor possible. &
Belcber,
Daily yield, 450 tons Of orc. The
ore breasts and slopes throughout the
mine never yielded better or looked
more flattering than at the present
The main south drift from the Crow
Point, OH the 1870. foot level, Is In 81;
feet, still In quartz. The north drift
on the l300.foot level, from the mali
incline. Is In 272 feet and will make
connection with the south DRIFT from
the Crown Point In about ten day
more, thoroughly ventilatlnS that leve
of the mine and affording the long dc
sired opportunity of hosting their orr
through the company's own shaft. Th'
timbers for the l400.foot station, II
the main incline, are In and a drift
lust started. The winze from the 1900
foot level and the up.raise from TIN
l3OO-foot level, have also made con
nection. ...
Crown Point,
Daily yield, 400 tons Of orc, whiol
Is being extracted from the 1900 ant
l3O0-foot levels. The ore slopes ant
breasts on both these levels are look
ing we'll and yielding finely. Th,
main south drift OH the 14O0-foot leye
is being driven rapidly ahead, the fac
In rich ore. Breastlng out md ex
tracing ore from this level will b
commenced as soon rs the main drif
has reached the Belcher line. III
main south drift. on the l5OO.ioot lev
el, Is making steady progress; the ioy
of water from the face continues stronl
keeping the pumps steadily running
The vein matter, In the face Of tn
drift, shows every indication Of anoth
err rich level, when the main ledg
shall have been reached and opened.
sierra Ncvads.
Daily yield, 60 tons OF ore. keeping
the company's mill steadily running
The ore slopes and breasts are bot
looking and yielding we'll as usual
The up-raiss from tho main tunnel, u
the old Sacramento ground, Is giytni
promise Of the development OF n bod.
of good ore, which, If II proves Of sui
ficent extent, will soon enable tn
company to again start the old Sacra
mento Mill. Sinking the new shaft |
making fair Roadway. the rock In tn
bottom blasting finely. The TEN
porary holstlng machinery at the ne,
shaft will be ready to start up In
very few days.
ophir. "s-
The ore development In the sout
drift on the 14G5.foot level continue
to show a steady improvement as til
work advances, and there no longe
seems \ reasonable doubt Of the pei
mancncy Of the new discovery. Til
main south Drift on the 700.foot levf
Is still driven vigorously ahead wit
but little change TO note, except a sllgll
increase In the quantity OF water
There Is nothing new to report of tn
prospecting operations In other poi
lions of the mine.
Sutro.
Tho main south drift Is in 1877 fee