Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-09-20
MININs SUMMARY.
Por N. Week Rndips sspt. 10. 1879

~
Transactions In mining stocks fol
the past week have been much more
lively, the market eyincing q steady
gain in strength. ophir has finctuated
considerably during the past week,
but closes firm at advanced rates.
Savage shows slight advance, while
Consolidated Virginia remains firm,
with an advancing tendency. On the
southern section Of the Comstock the
leading mines the Yellow Jacket,
Crown Point, Belcher and Baltimore
Consolldated-show but little change,
In either the market, general appear
ance, or the production Of ores. The
money market In San Francisco re-
mains good, the supply exceeding the
demand, at the usual rates Of 1@lA
per. cent. per month at the banks, and
99l2 per cent. per annum with the
loan societies, on satisfactory securl-
ties. The coin returns from the crops
IN California have been large this year,
and the demand for remlttances COM
p~aratively small, leaving a large sur
plus In tho hands Of capitalists, ready
to invest In speculative enterprises
whenever r%emunerative opportunities
may offer.
Below we give what we know about
the mines:
Consolidated Virginia.
The main drift north on the 1900.
foot level from the Gould & Curry
shaft. IL making excellent progress,
tile face In fine ore which Is extracted
and deposited on the dump for milling,
lust az 1t Is taken from the face Of the
drift without any asserting whatever.
The fnce Of the DRIFT Is intensely hot,
but It Is expected that 1t will make
connection with the south drift OIL the
same level from the shaft by the mid
die Of the coming week, which will
give a good circulation Of pure air,
and greatly facilitate the work Of
prosecuting the ledge and develop
Ing the mine. The water Is apparent.
" all drained from this level 80 that
no further trouble need be looked for
In that respect until the main shaft Is
sunk some distance below the present
level, A strong force of men Is
busily employed In raising tho
third compartment Of the shaft
which was delayed In. sinking. By
reason Of the haste to reach the level
of the lower tunnel rs Dol ~ POSI-
BILE, aud begin drifting to connect with
the Gould & Curry shaft. All the
pump hobs, pump stations and bob
pits are now completed, ready to put
In the entire pumping machinery as
soon rs the main spur wheel OF the
pumping engine shall arrive from San
Francisco, where 1t 10 now being man.
ufacsured. When fully completed the
hosting and pumping machinery Of
this mine will be second to none on
the line OF the Comstock, and we
confidently expect that 1t will not be
many months hence before we shall
place, the Consolidated Virginia on
our list of dividend paying mines.
Crown Point.
Daily yield $50 tons Of ore, which Is
taken from the 1000, 1910 and 1900
foot levels. The various breasts aud
ore slopes on the different levels are
both looking and yielding splendidly.
| The north winze from the 1900 to the
l4OO-foot levels is down ~ feet, tho
bottom in hard coarse quartz, which
gives small assays, Sinking the mid
die winze is making good progress, the
bottom being In ore Of a good charac-
ter. Heretofore, owing to the slow
ness OF draining of the water through
tile main drift at the 1400-foot level,
but Que shift Of men has been employ
ed In this wlnze. The water being
now drained, three shifts have been set
to work, SO that much better progress
will be made. The main south drift
on the 14OO-foot level Is being rapidly
| driven toward the Belcher line. Tho
main drift south on the l500.fOot level
Is being rapidly pushed ahead, the
rock In the face blasting and working
we'll.
DSAChACHs
Sinking tho main incline Is making
good progress, the bottom still contin-
ulng In hard blasting rock. The main
east drift from the incline at the 1900
foot level Is In 81 feet, the rock In the
face blasting quite hard. The winze
from the 1900 to the 1300.foot level
continues In good ore. The winze
from the 1900 to the 1400. foot level,
Is making excellent progress, the
bottom In a fine quality OF ore.
The main south drift, OF the l3OO-foot
level, Is In a distance Of 365 feet, the
face still In good ore. The cross-cut
east from this drift Is also In good ore.
| All the ore breasts and slopes through
out the mine are holding out we'll
and yielding splendidly.
Crown Point RavIne.
The south DRIFT from the main west
drift Is In 125 feet, the last eighty
being run through hard blasting quartz
with spots and punches of fine ore.
The north drift from the main west
QTlIL Is III w iccI, tNO ioSo h S"Js
quartz and porphyry. Work In both
Of those drifts has been suspended for
the present on account Of bad air. The
main west drift Is still pushed energet-
ically ahead to tap the west ledge In
which the rich prospects were fonnd a
few years ago. 1t Is expected that this
ledge will 6e reached In about 40 feet
more, when some good Developments
may be looked for.
Gould e. Curry.
Daily yield. IS tons OF ore, from the
old upper workings. The prospecting
cross.cuts east from the main south
drift OH the l6OO.foot level are still
driven steadily ahead, tho develop
ments not showing quite so favorable
AZ thew were a week ago. The flow Of
water from all parts Of the mine has
greatly decreased during the week.
fbe east cross-cuts from the main north
drift On the l50O-level are still driven
ahead through hard blasting quartz,
showing considerable quantities of low
grade ore.
Caledonia.
Daily yield, 75 tons Of ore, keeping
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