Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-08-16
MlNlNs SUMMARY.
Fer III. Week eaalas A.su.. 10, 1879.

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Fer the Week Eaaias August 16, 1879.
Mining stocks, with n or two un'
important exceptions, have been al
most lifeless during the week, the ma
jority closing last evening at lower
rates than they have before reached
during the past year. all confidence
In stock speculatiens seems for the
time at an end, aud Notwithstanding
the bountiful supply and great Base oil
the money market In San Francisco.
ne n seems willing to Invest and
take the desperate chances occasloned
by the INSCRIPTIONS manipulstlotis or
stocks In the San Francisco Stock
Board. This great loss Of public con-
tdence Is undoubtedly owing In a
great measure to the wild aud reck-
lessly inflated values TO which stocks
were raised by the heavy bulling OPP
erations of last year. The production
OF ore by the mines Is rather increas-
Ing than decreasing along the Whole
line Of the Comstock, while the steady
development Of the vast ore bodies In
the Belcher and Crown Point mines.
the extent Of which Is not yet known,
lends life aud vigor aud gives renewed
confidence and hope to every pros
pecting company OH the ledge. Taken
altogether, the prospects Of continued
dividends aud the almost certain de-
velopment OF nsw and rich bodies OF
ore In some Of our prospecting mines
were never better than at the present
time. Below we give what we know
about the mines:
Grows Psint
The main south DRIFT, on the 1900
foot level, Is being pushed vigorously
ahead with strong indications Of soon
reaching the ledge. The main south
drift. on the l400.foot level, Is again
being driven energetically ahead. The
flow Of water from the two east cross
cuts on this level Il all the pump cap
manage, but Is being drained In such q
manner that the supply can be ln-
creased or decreased nc pleasure. The
ore breasts, on the 1900 foot level, are
looking and yielding splendidly. The
ore breasts on both the 1000 and HOO
foot levels, are still looking aud Yield
lug finely. Daily yield $50 o II OF ore
which can be greatly increased when>
ever the capacity OF the mills on the
river. which Is greatly decreased by
the extreme low water, are again able
TO crush their full amount Of ore The
north winze, from the 1900 to the l4QO.
foot levels, 10 down 81 feet, still In
good ore. The middle Wine, OIL the
same level. Is down 81 feet, the bottom
In excellent ore.
Boieher.
The incline Is down Il feet below
the l3o0.foo level, tho rock In the
bottom working finely, and excellent
progress being made. The main south
DRIFT on the 1900 foot level IL still
driven vigorously ahead. the face In
excellent ore. The wlnze from the
| 1870 to the l400-toot Lowell il down SO
feet, the bottom In rich ore. Daily
Weld, $50 tons. which amount can be
greatly Increased whenever 1t Is the
will OF the company to do so. The
ore breasts throughout the mine arc
looking remarkably we'll, IN fact never
49, .-. - tl,a ,raIanf TINA
silver Hili.
Sinking the main shaft was resumed
the FIRST Of the week, good progress be-
ing made. During the week. while
cutting out the shaft for a set Of tim
beers, a consIdera BILE body Of water was
tapped, for a while greatly impeding
the work, but which the pump now
handles with ease. aud will no doubt
he entirely drained In a very few days.
The northwest prospecting drift at the
second station has developed nothing
new during the week. The ore breasts
In the north drift at the first station
are holding out and looking spiendidly.
| Daily yield 81 tons Of ore, keeping the
Bacon mill steadily running.
savage,
Sinking the incline Is progressing
at the rata Of four feet per day, the
rock In the bottom blasting and block
lug out splendidly. The east and west
erOsscuts from the maln south DRIFT OH
the l7O0-foot level have developed
nothing OF value during tho Week.
Crosscuts both east aud west have beer;
started from the main north drift on
the 1900. foot level, but have discovered
no bodies OF ore Ia that part Of the
mine as yet. The prospects are yet
good for finding ore III both these
levels. as they still have large bodies
OF virgin ground entirely un~prospected.
and which It will yet tako mouths to
explore.
Cs.ssiIda,ed virsIaia.
The erection OF the new holsting and
pumping machinery Is nearly cop-
pleted, everything SO far rs tried Is
working with the utmost perfection.
| Excavating for the tank pits at the
25O. 900 and 760-foot levels l. making
excellent progress. The flow Of water
from tho main north drift at the l167-
foot level from the Gould & Curry
shaft continues undated, an attempt
during tho week to run a side DRIFT
around the break In the main dIltt
proving n perfect failure, the flow Of
water soon putting a stop to the work.
aesIS d Csrry.
The main north DRIFT OH the l500.foot
level Is still driven ahead, with no
change OF interest during the week.
The east .crosscut from the main south
drift OH the 1900 foot level has devel-
oped a considerable body Of low grade
ore. with excellent prospects OF a
gradual increase In the value Of the
ore "a the development progresses.
Daily yield 20 tons Of ore from the old
upper workings. Prospecting In the
other portions OF the mlno continues
without change OF interest.
Arizona asd Utah.
The shaft Il down $50 feet, the sink
Ing progressing at the rate of three
feet per day. The pump continues to
handle tho supply Of water with per-
feet ease. The Incline raise from tho
main east drift nj the 150. foot ley,