Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-04-23
LOCAL MINING SUMMARY.
Fer ii. Week E.s,.. April rs. 1874.

Yesterday and day before there wal
quite u revival In stocks, but to-day
the market Is In porphyry, and tlis
lower jaws Of numerous dealers arr
hot hanging high. The market II
merely see-sawing up and down to sui
tho purposes Of the ma~nipulators and
not liable to 20 very low or very hlgf
for a few weeks. We, however, pre-
dict a very respectable rise to set In
before tive months are at an end. The
mining situation continues good. The
li00.foot level ofths Consolidated Vir.
glnia looks better aud better. The liOO-
foot level ofthe Crown Point Is opening
cut splendidly and the flnc ore body
recently developed by the east drift Ia
now nearly GO feet wide, being twice
as wide rs OH tho lsvel above, and no
est wall reached As yet. An unnec'
essary degree Of reticence 10 manifest
cd regarding tho ore development at
the l4OO-foot level Of the Bslchsr,
but It Is very good and opening out
as finely as could we'll be desired.
The east drift at the ls5O.foo level OF
the Imperial is just cutting through
the west wall aud entering the ledge.
Tho face Is In quartz, but IL
Is not In far enough yet
for my decisive Information.
The Consolidated Virginia will COM
mence paying dividends next month,
the earnings aud accumulation In the
treasury justifying 1t. Below we give
what we know about the mines:
sierra Nevada.
The new shaft Is down $40 feet, tho
bottom In good sinking ground. The
drain tunnel to connect with tho shsft
100 feet from tho surface was connected
with the shaft this morning. Tho
ltaapVs atnnn fAnnlIafInn WITH AnCn0r
~, s,h. ,s.nin.,x :. h.,,o com.
-, To-, =. ON, ,o,uro Of tho
work will allow. The foundation,
when finished, will contain 100 perch
OF stone, and the anchor bolts alone
will weigh 10 tons, aud are - con-
nected aud bound together at the bot
tom with heavy iron plates and bars,
that no part or section OF ,he WORK can
give without tue whol go,hg .oGel,er.
The new machinery IS arriving oy tue
car load daily, and as soon rs the
necessary timbers can DO got down from
the mills, IN the mountains, for tho
hosting works building, the erection
Of tho whole will be commenced a
pushed to completion with all tho
vlgor possible. The sluicc tunnel VIII
be completed by tomorrow, anu rs
soon rs the necessary material = DO
get OH the ground tile hydraulic works
will be erected and the sluiclng com.
menced. Thoro Il no change to re-
mort of the ore producing section Of
The mine. Daily yield G5 tons OF ore.
This orc Is crushed at the company's
mill which Is Kept stoauiiy running
Consolidated Virginia.
Inc ma'h SUM- eo'nP'e.e" """
tlmbered to the 1900. foot Lowell, aud q
,ump 1, being sunk IS feet below the
,,,.i which will Ia completsd by Sat.
urJav next. Az soon as the .unp Is
cn,,h.1 o,snlnv ths 1900. foot station
will he commencsd. The main south
drift from the shaft. on the li00.foot
level, Ia still pushed ahead to connect
with the north drift on the same level
from the north wlnze. This connec.
ton will be made In three or four days
time. and when completed will give n
fine circulation Of pure air aud greatly
facilitate tho prospecting operations in
that portion Of the mine. The east
cross.cut. on the 400 foot level, from
the north Wine, has penetrated the
ore body 81 feet. tho lace stiil IN soliu
ore OF n fine quality. Inc neat oeeoHi-
Ing so Intense tina u was a',no't .u,'
poss'o's ,U' " Ill. .ro.S.cut has been
,,%i.continuej mill better ventilation Is
secured. The ore breasts on tho 1900
aud 1900 foot levels arc all looking m,u
yisio'hg 'p'enuu. aud Tho ,ro..
milis arc an . s,,,htar avsry
poets OF u ""' k''
u'!'
SusSo'