Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-12-31
LOCAL MINING SUMMARY.
Fer IL. Week x.a,.s December 80, 1874


Ter the Week E.diss December 30, 1874
The rise in stocks has now assumed
almost mammoth proportions, those
pertaining to the great Consolidated
Virginia and California bonanza having
gone up almost out Of the reach OF every
body except heavy capitalists. As will
DO seen by official notices in our adver-
Using columns, those stocks are to DO
cut up into smaller shares in order
to accommodate small dealers and
people Of limited means. Tho
Gould & Curry will increase the
number Of its shares from $4,000 to
lOs, 900, which would make each present
share equal to q. shares Of new stock.
But a new principle has been introduced
in this case. The present stockholders
will get two shares for one, and the
remaining 1000 shares will be reserved
a working capital, making the stock
virtually unassessable. II a mine is do
yeloped. then the stock will revert to the
stockholders, otherwise II will go to
expenses.
The Impsrial-E Empire development In
feeling its way slowly and cautiously
along, and tho Crown Point and Bslcher
mines show slight improvement. The
l~iyeliest feature OF the market to-
day, however, is the sudden and heavy
rise in Justice stock. This Is owing not
only to rich aud very promising
ore developments in the mine, but also
to the fact that 1t will shortly DO made
practically available, as the powerful
new hosting works Of the company are
now nearly completed and will
start into operation in few
days. The Justice has developed
a fine body .! the regular Comstock oro'
and bids fair to show that II has n OF
the regular Comsiock bonanzas. The
Phil Sheridan, hitherto rather an OBJ
scure mine. at the north end OF the
ledge, between the Sierra Nevada and the
Utah has sprung rapidly into notice the
last few days. owing to very fisttsrins
ore indications developed, and the stock
holders are dreaming that they
also own q bonanza. II Is Of
icially stated that Sharon has
bought all OF Hayward's interest in
the Crown Point mine, together with
his milling interests connected Herewith,
for 81. COO, 900. The very lively stock
excitement and high prices Of to-day. is
doubtless induced in u great meas
urs. by the fact that the Stock
Board adjourns this evening until next
Monday, in order to allow the members
to enjoy the New Years holiday.
Below we give our usual weekly sum-
mary OF the latest and most correct
mining information o~btainaoie'
Crown peint.
Daily Weld. about GOO tons. from the old
ore sections, from the 900 10 the l50O-foot
levels, inclusive. The Slopes and
breasts are looking about as usual.
oome very soou ORG
inc hor'h po'''a vi"
inc o'o " 'n'' ''p."
OUT 'eS' W ",
cuts eas' ~ s 49, shsaJ 20 anJ
~ .uu = -. =. ~. J;sa,,i,, n
h,. Tha ma;r incline Ia NOW
49,, L,slo, Inc lGOO.foot
-. 10 har, Ann c,np,d which
ss,o III ",,.i,sn, nro,,ss. 4. h..
Mo'As wen isas. a., io,.l Tho
,ngn aus .o ,cnS- tao, ,svo, - an, ont
s'a,i,n ,os 'n ~ A.. - III, h.
anu urii'ihs sss' .vs "Y vu Iii a.. ~
comhien..u snoa ~ TO
seen mat " nv" .sn...s -,
unuIeu ,ee' 10y = pSr..s-aL.a
wothins so,s ~ 80, tor ,hs ora vain
,h.aS T. scm.vha, contra.t.J nj NE
foot l,yel. 10 widen out into a COM
Portable continuation Of the great bon
ANA which has yielded 80 many MIL
Mons mus lar
1ns.'ee'
Inc mau urn. run a "san.s,
.ss' " ~" s
ledge matter; IL H. however, oe'hs PuSh'a
forward to a connection with the fourth
.-,o,;o, NJ ,bs main Justice shaft. with.
a. A..
out preseh. ies"iH W u ~ u.;an
oi the ore Vs'n' "hsn om w. .r
Is Completed ever! Ia',n'! WI"
forded Tor opening ON, inc orr ue'siop-
msnis OF TINS impoi'an. ie.e. y ,,o
cutting, etc; pioP ,sS 20, ,hs
cross-eu.s ~ ~ III, ~
mnoio isn..n =. n n;,,h "na s,,snt A.
,Sa W",,", no,a,, shatt m. fourth .ta.
81. - h.;,, ,n.,.d for n drift IN
the ledge. The powerful now hosting
-. I..ls.. .hafN ara