Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-04-12
MINING SUMMARY.
For ii. Week Endins April II, 1873.

LOCAL MINING SUMMARY.
For the Week Ending April ID, 1873
That stocks are down Is evident to
most everybody, and whether they
will experience the heretofore infalli-
Bile annual rise is decidedly uncertain.
Speculations on the subject are idle.
Money matters are not easy yet, but
promise to be in a month or SO. The
San Francisco alta Of yesterday has
the following on the financial stu
alton:
There seems to be no change in tho
financial affairs at the East TODAY,
gold remaining pretty steady at IL.
The borrowed sterling which 1t Is uil-
derstood must be covered in all next
week 1t Is supposed will be met with
out much disturbance. The bills were
sold at a rate OF about 100, and the
gold received for them was lent for
currency to those who wished to hold
gold. The borrowed bills have now
matured, and the price Of. eight bills
has fallen to 1857. while gold has
risen to lis. The operator realizes
currency for his stocks and calls In the
gold bills with which he buys sight
bills to return to the banker at l per
cent. less than he got for them. He
obtained the use Of currency thus Gu
easy terms. 1t will be observed. how
ever. that these sterling bills against
credit were RENTED by the importers
who purchased them In the open
market; but the gold must after all
DO RENTED; its shipment was only
postponed. The heavy importations
Of goods are a standing menace
mt the gold market. San Fran.
cisco Is, however, not In debt, and
the indications, to which we recently
alluded, Of tho disposition Of foreign
capital to come here and participate
in the large dividends which have been
displayed by banking enterprises will
promote ease.
Below We give what we know about
the mines:
Yellow Jacket.
Owing to breakage Of a heavy pin
ion Of the spur wheel Of the pump
gearing a day or two since, the pump
is unable to keep the water in the 1900
foot level properly reduced, therefore
work at that point Is stopped for the
present. In two or three days, how
ever, all will be right again and DRIFT
ing east resumed. At the 1400-foot
level the company are drifting both
north and south In the vein matter
from the main east drift, and also
south from the winze 400 feet north. or
300 feet from the Confidence line,
which has been sunk from the 1900
down to this level. The cross-cut east
ut the l300-foot level, 40 feet from the
Confidence limo IL still progressing,
but here, as we'll as at other prospect
Ing points mentioned, nothing more
than very good indications.
Beichcr.
Daily yield, 500 tons, from the 1000,
HOO. 1900. and l3O0.foot levels, the last
mentioned level yielding now about
ITO tons per day Of very fine, rich ore,
Is taken out through the Yellow
Jacket shaft. The winze from the
level above, about 80 feet from the
Crown Point line, Is finished, with the
exception of a few feet Of timbering at
the lower end. This will be done In n
lay or two, when drifting south at this
Ievel and prosecuting will be re-
The main incline is down l04
reet below the l30O.foot level, and In
lard rock. Tho drift north from the
200. foot level Is in 2lS feet, and tie
lrift south, to connect with 1t, Is In
~ feet. The mine Is looking finely.
Is usual, at all points, and the bullion
1ield simply immense.
savage.
The main drift north on the l600-foot
.eyel, to connect with the south drift
rom the Gould s. Curry, is still max
.ng fair progress, with no material
to report. The main drift
,outh on the l600-foot level Is driven
steadily ahead. with no disclosures Of
value for the week. The ore body In
Tho west cross.cut from this drift has
not proved either rs rich or extensive
Is was hoped when 1t was struck. The
other cross-cuts have failed to develop
my considerable bodies Of ore on this
as yet. The main south drift OH
The l700-foot level Is still pressed Wig
Drously ahesd, with but little change
10 note during the week.
silver Hill.
The main north drift, at the first
is still pressed energetically
ahead to make connection with the
,outh drift from the Justice, which,
when completed. will give q much
ventilation and greatly facili-
late the work throughout the mine.
The main north drift, ut the second
station, Is making good progress, al
the rock In the face continues to
blast quite hard. The ore dumps are
and everything 10 and
about the mine In excellent working
The company have leased
the Bacon mill at Silver City, and
some good returns may soon be looked
for.
Could g. Curry.
The main south drift on the 1900
foot level, to connect with the north
lrift from the Savage, is making steady
without change of interest to
note. The north drift from tho main
east drift OH the l500-feot level is still
driven ahead, with no developments Of
material value during the week. Pros
pecting the other portions of the mine,
as usual, without any i'm
portant change to report. The work
Of lowering the pump columns, putting
them In place, and getting ready to
drain the water from the shaft is being
prosecuted with all the vigor possible.
Consolidated Virginia
The main north drift OH the ll57-
foot level from the Gould s. Curry
shaft Is still driven ahead, with no
interesting changes to report for the
week. Sinking the shaft to complete
The connection with this drift Is max.
excellent progress, the rock In the
working well, and the work
being pushed ahead with all the vigor
possible, tour shifts Of men being now
making a change and Civ.