Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-11-08
LOCAL MiNlNe SUMMARY.
Far IN. Week Rnains Noyeubsrs, 1879.

Fer the Week Kndins NovembsrS y, 1879.
The past week has not been charac-
terized by any great amount OF stock
excitement although considerable
sales have been made at good figures.
The outlook for the future, however. IL
encouraging, as far as min
Ing prospects r concerned, through
out this section. The northern end Of
the Comstock, go long resting under
the cloud Of undeveloped merit and
uncertain worth, Is now assuming a
increasing interest In the eyes
Of all stock SPECTATORS, owing to the
great, richly yielding and promising
ore body found In the Consolidated
Virginia mine. The other leading
mines Of that section mutt sooner or
follow suit and enjoy their lucky
turn Of the wheel Of fortune, for the
ledge Is continuous through them all,
and the ore bodies lie within 1t, walt
Ing only to DO found by persistent pros
pecting. Tho old Sierra Nevada mine
has continued Its regular yield Of ore
and bullion for years, and shows no
sign Of exhaustion. There are other
mines OH Cedar Hill now being devel-
oped, which, In due time, will no doubt
prove fully as good. Some of them
are even now turning out good ore
In their prospectings. As to the
eud Of the great lode,
It has enjoyed a season Of deserved
for some time past, princi-
paliy owing to the vast aud rich Crown
Poiut aud Belcher development, which
Is looking better to-day than 1t was a
year ago, the >Belcher portion, espe-
The American Flat section
to promise we'll, and q vast
amount Of effective prospecting Is be-
Ing done, which In several cases Is de-
veloping good pay ore for milling
when favorable opportunity offers.
The Overman Is d~eservedly increasing
In favor from improving prospects and
developments. aud along down the
Gold Canyon division the New York
Consolidated, Justice. Woodvllle, Sill
yer Hill and other mines are looking
up under the stimuli, Of better pros
poets and ore yield, to say nothing Of
the Dayton mine, where a large now
body Of rich ore Is rapidly being
brought to light.
Money matters are easy, the 1nan-
clsl panic In the East affecting us Of
this section but little. The San Fran
cisco Aha says the following relative
to the matter
The supply Of money continues good
at bank, and the rates for commercial
purposes remain 19l4. At the loan
societies money accumulates, and the
rate Is 99l2. 1t Is the case. however,
that the uncertain state Of affairs at
the East Induces a great deal Of eau
ton here In lending, or rather in losing
control Of money, and. as a matter Of
course, funds accumulate. Our exports
Of produce alone are over $1,000. OO0
per week, aud. with treasure outgoes,
are nearly g, 900, 600; but the bills
thus created are at very low prices,
and no one Is disposed to sell II pos
sible. Neither Is there any dispo-
sitlon to sell gold at the present low
rates In the face OF a speedy meeting
Of Congress and with every Indication
that, despite the popular wish for a
to specie payments, a heavy
pressure will be brought to bear, back
cd by the Government, to issue more
paper, a result which will send gold
very high. There will, therefore, be
only q conservative course pursued
until the action OF Congress Is deter
mined, which will be at least four
months.
Below we give what we know about
tho mines:
Consolidated Virginia.
Daily yield, 200 tons OF ore, keeping
the Bacon, Mariposa and Occidental
Mills steadily running. The ore
breasts, both north aud south. on the
l2OO-foot level, are looking and yield
ing splendldly. The raise from this
level Ia up 40 feet In fine ore. The
north winze is down s. feet, the entire
distance In excellent ore, the tub
samples from the bottom OF this Wine
giving an average assay Of $06.S7 per
ton, while the samples from the bot
tom were $l4l. The south winze-
307 feet from the north-ls down %
feet In good ore, tub samples from the
bottom last evening assaying $43 per
ton. The main east drift, at the 1000
foot level, Is being driven ahead with
all the vigor possible to reach the
ledge and connect with the up raise
from the l200-foot level, for the pur-
pose Of ventilating that portion Of the
niue. Sinking tho main shaft Is pro-
crossing at the rate Of three feet per
day. It il now down G5 feet below
the l2C0-toot level. AS soon rs 1t has
reached the depth Of 1900 feet an
other station will be opened and a drift
started for the ledge.
Dayton.
The south drift from the main ives,
tunnel at the third station Is in IS feet.
the face still In good ore. The north
drift at this station Is In 90 feet, also
In good ore. This drift Is being push,
ed with all the vigor possible. to reach
and prospect the rich body Of ore
found in the north drift on the level
above. The south DRIFT from the main
west tunnel Is In liz feet, the face still
In fine ore. The north DRIFT at this
station Is In $50 feet. having
reached the point where the north
winze from the level above Is expected
to make the connection with 1t. A,
this point a raiss has been started
which Is up so feet, and Is expected to
connect with the winze to-day. This
will give a supply Of pure air aud
greatly facilitate the work on that
level. The company have 1000 tons
Of orc on the dump aud can greatly In
crease the daily yield whenever mills
can be obtained to crush 1t.
Ovcrman.
The main west drift, at the l200-fool
level, Is making good Roadway, will
eycellent Indications of O reaching