Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-04-09
LOCAL MINING SUMMARY.
por III. Week BINDING April o, 1874.

For the Week Rndins April q, 1874.
Yesterday another streak OF por
phyry prevailed IN tho stock market
knocking down prices considerably
Savage especially suffered, n rcpor
being industriously circulated that tn
oross.cuts at tho l90o-foot level hat
got through the ledge and shown n
orc In It. The fact OF 1t Is that con
nection with the Hale 81 NOrcros
drift at that level WAS only completed
on Sunday last, and 1t being I'm
possible on account Of theI great hea
to do any other work I'LL th'
proper air circulation was obtained
no cross-cuttlng was done at all III
since then. The c~rsss-cuts as yet ar'
In only about q dozen fcet-not Ia
enough to ascertain or develop any
thing Of Importance. Tho stock drop
ped, however. to S61 on the rurnori
yesterday. but 1t is up again to-day
Most descriptions show Improve
ment to-day and the markell
Is decidedly stiff. Crown Point
aud Belcher arc both a little "oii''
owing to the probable drop OF the size
Of the dividend, which Is to DO paid
on the Belcher tomorrow OF So'OO'
and OH the Crown Point OF Si.W'
next Saturday. This Increase o.
500 In the regular monthly
dividend Of the Crown Point Is q very
gratifying circumstan co, aud Is fully
Justified by tho receipts and condition
Of tho mine. The Consolidated Vir.
ginia mine shows marked and contin'
ued improvement, and will, 1t Is au'
thoritatively stated, commence paying
dividends next month-probably 81 or
81 per share for q starter. This
mine has been and still is
being very vol managed with
a view to sound profit on the 40.
tual production aud with no reference
to stock manipulation. The Ophir,
too, under moro efficient management,
Us looking better and coming into bet
ter favor. Below we give what we
know about the mines:
Ophir.
Tho main southwest drlft, on the
l7OO.foot level, has reached q point at
which q raise has been started to con-
meet with Ito wlnzo being sunk from
tho llG5. foot level. 1t Is the Intention
to make n connection Of the winze
and raise ut the earliest possible mo-
ment, rs but little al be done toward
the development Of tho level until that
portion OF the work Is completed. The
up.raise, from the liG5.ioot level, Is
making steady progress, rs Is also the
winzs being sunk to meet 1t IRON the
1900. foot level. Cros~cut No. 2, east,
OH the l300.ieot level, has shown con-
siderable Improvement In both the
character Of the quartz AMI quality OF
ore penetrated during the past three
or four days. The main south drift OH
the l3O0.foot level. TO connect with the
north drift from tho Virginia Ccnsoll-
dated. Ia Masking rapid Roadway. The
completion Of this DRIFT along with the
connection OF tho wines and up.raisss
between the 1900 aud liG5.foo levels.
and the 1865 aud l700-foot levels, VIII
give this mine what they have 50 long
needed, n splendid ventilation. That
portion Of the work will probably DO
completed In abont three weeks time.
Iielcher.
Sinking the main Incline Is making
slow, though steady progress. 1t Ia
now down l53 feet below the li0O.foot
level, the rock In the bottom c%ontlnu.
Ing to DO OF extreme hardness. The
north drift FROM the l40O.ioot station
Ia In 195 feet. The main south DRIFT on
the liO0.foot level from tho Crown
Point line. running TO onnec with
ths north DRIFT from the main Incline,
on the same level, Is In 295 feet In fair
running ground. The wilma from
thu 400. loot level Is down 40 feet, tho
sinking making rapid progress. The
main south DRIFT IN the l3O0-foot level,
now In 323 feet, Is also In favorable
working ground. The ore breasts aud
stores on all the various levels are
yicidin. well aud promise rich returns
for many 4 day yet to GENE. Daily
Weld, $50 tons of ore. Average as.
say-car samplss-SSo.0O per ton.
The Eureka mill, which was delayed
by u breakagc OF some OF the machine
~, Is again running and there seems
no prospect whatever OF = CESSATION OF
the regular monthly dividends. Divi.
dend for March IS por share, aggre-
eating $4,000
Dayton.
The ore breasts on both the second
and third station levels are yielding
the usual amount OF good milling ore,
aud, II anything, are showing an I'M
provenent In the quality OF the orc eN:
tracted. The dumps are all full, and
the ore Is being hauled to the mills as
fast as tho contractors can take 1t
away. The east crOss.cut ut tile third
station levels is In 80 feet through the
ledge, most Of which, for that distance,
|. good milling ore. There Is not the
slightest foundation for the report put
In circulation that the ledge had
plnched out. The third station level
Il the lowest yet prsspectod, aud the
ledge never looked moro promising
than OIL that level. Tho north DRIFT
on that level Is still being driven ahead
through the heavy body OF white quartz
and low grade ore, sh0kcn OF In our
last report. The yield Of bullion for
the month Of March amounted to the
neat little sum Of $4,000.
Gould & Curry.
Sinking the double Incline winzo be-