Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-12-06
LOCAL minnie SUMMARY.
For III. Week Rudins Deecmb.r 8, 1878

The stock market during the weel
has been characterized by but little IL
the way Of excitement. At the close,
however, some degree Of animation
and firmness, with an advancing ten
dency. Is manifest. Belcher declares
a dividend Of IS per share, all advance
OF 81 over the last, payable on the
10th instant. and we hear 1t limited
that n nice little Christmas dividend
will also be given by the same
company. The condition OF the mine
and the treasury Of the company GER
tainly will allow it. The Grown Point
will also declare an increased dividend
next Monday, and the stockholder'
need not be surprised to have a little
Christmas "div" rs we'll as the Belcher'
The general aspect Of things along the
line of the Comstock Is healthy, and
with the present fine fall OF snow, In.
surfing a good supply Ct water to the
mills along Carson River, a good
future may we'll be anticipated.
Money matters continue easy. Below
we give what we know about the
mines
Belcher.
Daily yield 500 tons. The amount
Of ore extracted from this mine will
be increased as soon as the increased
working capacity Of the mills on the
Carson shall warrant 1t. The main
incline Is down 1876 feet below the
1900 foot level. The drift running
southwark on the l300-foot level Is In
SOB feet, still in quartz. The company
expect to make communication be.
tween the 1890. foot level and the main
incline Inside of 30 days. The winze
starting from the 1900. foot level Is
down l2l feet. All Of the various
slopes aud breasts throughout the mine
are looking we'll and yielding their
usual amount OF high grade ore. The
prospects nj the lower levels never
looked so we'll as at present, the ore
body holding out better and farther to
the southwark than was anticipated.
The dividend Of s. per share, declared
yesterday, aggregates $52O,OOO, leav-
Ing a heavy surplus In the treasury.
Consolidated Virginia.
The main shaft Ia down 100 feet be-
low the 12O0-foot level, the bottom In
ore which /, mixed with p~orphyry.
Opening a new station for the 1900.
foot level Will be commenced lmme-
diately. Tho raise on the ore body Is
IN thirteen sets Of timbers i78 feet) In
height, at which point the ore body
not only retains its full width. but the
quality Of the ore shows an improve
ment. The north winze, on the 1900
foot level, Ia down lib feet. the bot
ton In ore OF a richer quality than
any heretofore encountered. The
south winze, on the same level, Is
down 81 feet, and also in good ore.
The machinery Is all IN splendid work
ing condition, the new additions to
the main hosting works building are
all completed, with the exception OF
the assay Office and smelling rooms,
and the future prospects Of the COM
pany appear more ilattering every
day.
Crown Point.
The main south DRIFT, on the 1900
foot level, Is making steady though
slow progress, the ground being so soft
rs to continually require the driving
of spiling ahead. and the water from
the face so intensely hot rs to make II
almost impossible for the miners to
stand the great heat aud perform their
work. The middle winze, from the
1900 loot level, has made connection
with the north drift on the 1400.foot
level, giving a fine circulation OF good
air, cooling of the level and greatly
facilitating operations In that portion
of the mine. Sinking the south winze
10 making good progress, the bottom
still In fine ore. The ore slopes aud
breasts on the 1900 and 1300-foot levels
are looking we'll and yielding finely.
Daily Yield, 400 tons Of ore. The mills
on the river are running up to their
full crushing capacity, and the future
prospects OF the mine tlattering.
CholIar-PotOsi.
The main south drift at the third
station, il fast approaching the ledge.
the face In quartz Of a very promising
character. The indications are excel
lent for the development in that part
OF the mine OF a valuable deposit OF
ore, which will be a matter OF much
Importance. having heretofore re-
manned un~prospected. The raise from
the third to connect with the second
station IL giving a fine circulation OF
good air. The ore breasts In the ore
producing sections Of the mine are
both looking and yielding we'll. Three
mills are now running OH ore from
the mine, and the future prospects look
bright and fiattering. Daily yield. l3O
tons Of ore. the assay value of which
Is $50 per ton.
JuBtfce.
The north drift on the 30O-toot level
Is still driven ahead, following the ore
body, which Is looking finely. The
east cross-cut from the main north
drift on the 400.foot level Is making
good progress, without change of In
tercst. The winze In the main south
DRIFT on the 40O.foot level Is down 80
feet, at which depth n cross-cut has
been started to tap the ore vein. The
extraction of ore from the Waller-De-
feat shaft has been suspended for the
present, the ore dumps all being full
and the teams being unable to haul 1t
to the mills as fast az taken out.
Gould & Curry.
There Is nothing new to report Of
the ore extraction from the old upper
levels. The main east drift, on the
1900. foot level, Is still driven vigorous
~ ahead. the face In low grade ore
mixed with quartz and other vein mat
ter. The face of the main east DRIFT,
on the 1000. foot level, Is still In hard
blasting rock. The main east DRIFT, on
the loo. foot level, Is In s. feet, pass
Ing through the west wall OF the ledge
with good indications of soon reaching
the ole vein. The annual meeting OF
the company, for the election OF Tru'-
tees, will be held In San Francisco De-
cember 22d.