Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-02-07
LOCAL MINING SUMMARY.
rsr III. Week KaaIn. Fssr..r, =, 1874


Stocks generally have recuperated
since last Monday, advancing consid-
erably, although some descriptions
are rather weak at the close. The
general tone OF the market, however,
Ia rather sitter than yesterday. Tho
San Francisco Alta says:
The stock market increases In
strength aud activity. IL seems to
have passed through the porphyry
streak and prospects brighten. The mass
Of ridiculous rumors that got aiioat when
stocks take q turn down, about ''mines
out" "insiders selling out"
and the mysterious manlpulations OF
Jim this and Jack that, subslde for the
moment. aud the rise Is taken rs q mat
ter Of course. IL was the remark OF a
shrewd broker that "whcn stocks rise
one 10 anxious 10 know what Is the
matter. but as soon rs stocks fall there
Il a general and earnest Inquiry as to
the cause" as II 1t Is not rs natural
for dealers to sell as to buy.
Then IN n crop OF guesses and sur
misses which blend Into rumors and
become confidential inside informa-
ton. Tho events OF q few days give
the lie TO the whole batch, but they
make their appearance again rs soon
rs the market turns.
Below We give what we know about
the mines.
Crown Point.
Daily yield. $50 tons Of ore, which
Is being extracted from the 1000. 1900,
aud l3C0.foot levels. Tho ore breasts
the liOo-foos level improve In APP
pearance "a they are worked eastward.
". The north WINE. which vas start.
ed at the east wall from the 400 foot
cros.cut. has been sunk 10 n vertical
depth OF about Is feet. The entire bot.
tom Of the Wine Ia In very rich ore,
constantly improves In quality
rs the work Of sinking tho Wine pro
crosses. Since u connection was made
with the yellow Jacket ut the l500-foot
the temperature OF that level has
greatly improved, 10 that the men arc
able TO carry forward the main drift
much more rapidly than heretofore.
The direction Of this drift IL about ten
degrees south Of east, so that Practical
ly IL may be regarded a. a crosscut.
The orc encountered In this drift as
says well. Should a large body Of ore
be- found by this drllt, as Is confidently
expected, tho circumstance Itself Will
= tendency to greatly enhance The
value OF both the Crown Point and
Kentuck mines. tor the reason that II
M ore body IL found in this drift IL
will bo at a point much farther north
than any that has been encountered on
on the levels above.
0phir.
The winze from the south lrift, on
the l3OO-foot level, Is making faycra-
bio progress, the bottom still In orc
OF Increased richness. The west cross
cut from the south drift, which 10 10
feet north Of tile south crosscut on the
the same level, Is also Ia Gi foet, the
quality OF the ore gradually increasing
in yalu. a. the work progresses. The
no raise from the liG5.foot level. to
with the south winZe from the
l3OO-ioot level, Ia also In good orc.
The WINE on this level, which has
been passing through low grade ore
the week, shows considerable
Improvement. aud IL Is expected Will
undoubtedly strike the west ore body
in ten or twelve days time, when some
rich developments may be looked for.
has been resumed In the main
,outh drift OH the 100 foot level.
sierra Nevada.
Sinking the new shaft Is making
rapid progress, the rock In the bottom
blasting finely. Tho shalt Is now
Town 100 feet. The up raise In the
Did Sacramento ground 1, driven stead
Ily ahead. without change OF value to
The ore breasts are all look
Ing well. Daily yield Of ore GO tons,
keeping the mill steadily running.
The new machinery for the new hoist
Is being manufactured In
san Francisco, aud, should nothing
unusual prevent, will arrive on the
srouilu fesHy wv ps
'hs'ue VI ""
Mint.
Sinking the shaft, which Is now
down $50 feet. has been suspended for
~. n,os.n, for the purpo,c OF erecting
-, ,o,.,,,, ms.
new nhu "|,e pomS ~. y nay
ehinety. ine s'u" nrad.d ,nJ
,h. onrine aud other hoi,tiny machlu.
cry has been purchased In san Fran
cisco aud will arrive by ran IN n,ew
uay' m%'s ,h,, Ihsv have n first.
clas, mine. and are showing their con.
bJsnre Inv Investing their money and
their mine i'm A manner we'll
-,,I.niassd ~ Insure success.
The main west drlit Is carfieu Tor
ward without serious interruption.
n,o,re.. 1. .omswhat impeded by
m. influx Of water from IN, face Of tho
drift. The closeness OF the air consld-
era6ly retards work at present. Ine
ur,,, y, W. ,odu. nurinc h Iast Of
hours tho water In the old Shalt has 70.
ceJed iour feet. When the wall of the
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