Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1873-09-27
MINING SUMMARY.
For tho Week Endias Sept. ~, 1879.

ESt kAS
Stocks have ruled low all the week,
with a declining tendency. showing,
however. symptoms Of revival at the
close. There have been no new and
important developments in any Of our
mines to initiate prices to any appreci-
able extent, yet we have nothing par
tirularly unfavorable to report In that
respect. Oyerman stock showed a
sudden advance a day or two since,
based upon unusually favorable indt-
cations encountered drifting westward
ut the 1000 foot level, yet not increas-
ing. the stock fell back next day. The
financial crisis in New York affects
financial matters In this section some-
what, and indirectly also affects stocks
to a certain extent. Tho brokers In
San Francisco are calling In their
margins as a precautionary trimming
of sails against any financial blast
from the East, yet no serious trouble
In that line Is anticipated. The San
Francisco 1Alta has the following upon
the New York subject:
The complications in New York
with the railroad and stock houses
have so far extended to the CONNER
cial banks and stock houses that there
SCENE to be there no circulation OF
money at all. The rate for paper
money Is very high, some quotations
are given as high as lGl36 per cent
per day. n rate never known here.
This indicates the cause Of the fall In
goli and the unsaleableness Of ex-
change, since no IL has money witt
which to buy. 1t also indicates the
complete lookup in the banks, which
are thrown upon the defensive and
dare not lend or discount until mat.
tiers are once more settled.
There Is very little buying and selling
stocks on margins, dealers prcferring
cash transactions. There Is no imme-
date danger of any financial crash or
panic in Gold Hill. Below we give
what we know about the mines:
Belcher.
Daily yield, $50 tons OF ore. The
incline Is down % feet below the 1900.
foot level, the sinking making fair
progress although the rock continues
to blast quite hard. The main south
drift Oh the l3O0.foot level Is In $40
feet from tie south line Of the Grown
Point, the face still In good ore. The
winZe from the 1900 to the l40O-foot
level il down 30 ieet, and still In fine
ore. The winze from the 1900 to the
l300.foot levels Is down 81 feet, also
in good ore. The different orc breasts
throughout the mine arc all looking
and yielding splendidly as usual.
Since the fire In the Yellow jacket the
drift from that mine has been closed
up, turning a draft OF air through the
Belcher. greatly improving the Venti-
lation OF the mine, and making II
much more comfortable for the miners.
1t is expected that with the rise Of
water in the Carson River that the
capacity-of the mills for crushing ore
will be greatly increased, aud the
yield of the niue proportionately, az
the yield of ore can DO almost doubled
whenever it is found necessary to DO
It.
Crown Point.
The main south drift at the 1900 foot
level il in l2O feet, the face in barren
quartz aud porphyry, and Is being
pushed ahead with all the vlgor pos
siblc. The main south DRIFT on tho
llOO-root level Is making good prog.
rcss. The nor.h winzc from the l3OO
to the l4O0-foot level, shows consider
able improvement in the quality OF the
ore during the week. The middle
winze from the 1900 to l40O.foot level
continues In ore Of a high grade. The
ore breasts on the l000-foot level con.
time to yield the usual amount OIL
GOOD milling ore. The ore slopes o.
both the 1900 and 1300.foot levels are
looking well aud yielding tho usual
amount Of high grade ore. Tho yell
low jacket fire did not injure the mine
in the least. aud 1t IL expected that the
yield of the mine will be consider.
ably increased with the increased Ca
pacity Of the mills OH the Carson River
to crush the ore.
Consolidated Virginia.
Raising up on the third compart'
ment of the shaft Is making excellent
progress, the work being prosecuted al
four or five different points In the
shaft. It will be completed about the
9th of October, when sinking the main
shaft a be resumed and hosting o.
ore from the mine be commenced
through the shaft. Tho main south
drift on the ll67-foot level from the
Gould & Curry shaft made connection
with the south drift from the shalt on
Wednesday last, giving n fine circula.
ton Of pure air. cooling oil the drifts,
and preparing the way for the speedy
development and extraction Of the ore
bodies discovered In running the main
north drift. A considerable amount
of high grade ore, worth from $l6O to
5000 per ton, Is already being extract
ed through the Gould & Curry DRIFT.
Taken altogether, the future prospects
of the mine are flattering, indeed.
silver Hill.
Daily yield CT tons of ore, keeping
the Bacon mill steadily running III
crushing ore from the mine. The ore
body found last week In the maiu
north DRIFT at the first station contin'
ues to enlarge, proving the develop
mcut of y fine deposit: The orc ~
the north winze from the same level
still continues to improve In quality
as the sinking progresses. The nortl
rnise mo. 2) has also q flnc streak o.
good ore. Preparation Is being maue
to resume sinking the shaft In a very
short time.
Gould & Curry.
The prospecting drifts and cro'scut'
on the 1900 and leOO.foot levels have
developed nothing Of material value
during the week. The yield OF ore
from the upper workings Is not quit
nm TO the usual amount and the quail
ity rather poorer than heretofore
Two fine new boilers, 81 inches III dl'
nmeter aud 10 feet In length, are
Loi,o ,l,cod In nosition to supply TIN