Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-07-09
MINING SUMMARY.


By many. it was anticipated that after
the recent 4th Of July vacation OF the
Board, the Stock Market would open at
an advanced figure, and possibly the
"spring rise set in. When the ses-
sions Of the Board were resumed on
Monday. however. the market reopened
at about the same rates as on the pre-
vious Friday. when the Board ad-
journed. but with q slightly adj
vancing tendency. To-day stocks
are a "little off" again, and the
market il soft. This does not look
well in the face Of the three great
dividend-paying mines having just de-
ciared their usual monthly dividends.
Extra vehemence in the celebration Of
the great national day, and a consequent
reaction. may have something to do with
1t. Many people. too. evidently believe
that Sharon does 1t all that
he puts stocks up or down. just as
he sees ct, and wen declare that II no
persists in keeping the market down.
they will not vote for him for United
States Senator. II he really can rulo
the stock market the sooner he puts up
prices and keeps them up the better 1t
viii DO for his Senatorial prospects. But
whether stocks go up or 60 down those
people will lay 1t all to Sharon, whether
he had any hand in II or not. Below
We give what we know about the mines:
Consolidated Virginia.
Daily yield 300 tons Of ore. The ore
breasts on the 1300-foot level are both
looking well and yielding splendidly.
The bottom Of the winze from the 1900
TO connect with the li00-foot level is
still In rich ore. On the l400-foot level
q space 45 feet square is being breasted
out and carried up through the ore body
to the 1300-foot level to make an air
opening and afford room for the COM
mencement OF the extraction Of the ore
on that level. Three drifts are being ex-
tended ON this level for the develop
ment Of the ore body-one north, one
south, and another east, all Of which
are in rich ore. with no indications what
ever Of u change. The north winze from
the l4OO-foot level, is still being pushed
downward with all the energy possible,
and is sinking through high grade ore.
The main south drift, on the l5OO-foot
level, is still driven vigorously ahead to
connect with the winze from the level
above. This drift is following the west
wall and continues to cut occasionally
fine ore on the side next to the ledge.
The grading and other necessary prep
arations for the erection Of the new CO.
stamp mill. is making rapid progress. A
dividend Of 80 per share, aggregating
S324, 900, was declared ON the 9th inst,
payable on tho 18th.
Hale a Noreross.
Sinking the main incline below the
20OO-foot level goes steadily on without
change Of interest to report. A largo
water tank for thepump is being erected
80 feet below the 2OO0-foot station. Both
The main north and west driits are being
driven vigorously ahead, with favorable
prospects Of ore Developments. The ore
found in the west drift on this level last
week, although Of an excellent quality,
proved to DO only two to three feet in
thickness, but may yet lead 70 the TO-
yelopment OF q large and extensive BODY.
On the l9OO-foot level the cross-cnt near
the south line is still driven ahead with.
out any indication whatever OF the east
wall. There Is nothing new to report oil
the prospecting cross-cut west IRON inc
main incline on the iyo acn ieyei. Inc 1S
NORM VILE On .hy - Ill., ~ To-,
%cr,,;ns somo excellent indications of ore
and the sinking making good headway.
ophir.
The suit in the District Court for the
settlement OF the dispute in regard to
the control Of this minc has been post
norsd until, ,bs 18th. In the meantime
rort has aca;n been resumed In the
m;ns unds, The control of the present
snns,;ntendent Samuel T. Curtis. This
Il b;oblv Gratifying. as. had the mine
rsmsineJ shut dow three DAYS more,
ar Emn;,s STATE mill. which was being
Snn an ,ha reserve ore In the dumps,
ILL .,so have been Obliged 10 stop.
TSa a,s.so,;nn NJ orc from the orc
h.a..,s nm Roth The 1900 and lIG5-foot
isvsis has been resumed. Sinking the
w;n,. from tbe IIG5.foot level. 10 con-
nsct with The nm raiss from the l7OO-
foot. has been stopped ON account Of the
intense neat. Iaisins aoo% ~, nsoi
!. n,narsss;na Al tbe rate Of oIL feet per
day.
cou,a 4 Curry.
The faee Of the north drift ON the 1900
,oo, ,.v., q. !, lou or,ds ouartz and
III. -.-e.u.,, .;n.. 49,,
SHOWS snBnt Improvement Sih'o oui
last report. The main north drift on
the l7OO.foot level Is being driven ahead
AT the rate of thirty feet per week, he
rock in the face being quite hard. re-
curing continual blasting. Sinking
the double winze below the lSO0-foot
station is making good headway, with
some good indications in the bottom.
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