Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-12-19
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The week closes upon u very lively.
healthy, and advancing stock market.
The north end Of the ledge does not
have the entire favor to-day, but Gold
Hill stocks are looking up. And this
advance, as we have heretofore repeated
ly shown, is based upon the real merit
Of actual ore developments. The now
famous great bonanza in the Consoli-
dated Virginia. California and 0phir.
shows richer and more extensive As fur
ther developed. Indeed. but little Is
known regarding 1t. except from what
few drifts have penetrated its outskirts.
Its actual width and depth are totally
unknown and underlined, and a merely
approximate knowledge OF its length is
arrived at from its present indefinitely
developed or apparent extent south and
north in tho Virginia Consolidated
and 0phir mines. Here in Gold Hill
the Imperial Empire ore development
strengthens and advances the price Of
the stocks Of those two mines very ma
terially. and those nearest to II naturally
advance through sympathy. As we'll ii
increased chances OF good ore. Yellow
Jacket has advanced strongly upon tho
idea and excellent promise OF the ore
body coming into II at the north end
from the Imperial-E Empire. The Justice
development strengthens all surrounding
it. The mine is n good one, and under
excellent control and management. 1t
will tell q good story Of itself when the
new hosting works start up. Bslcher
and Crown Point are looking better. and
the mining situation along the Comstock
il intrinsically better and more prumis-
ing than ever before in the history OF
the country. The San Francisco Cal,
being q chronic bear. cannot refrain
from its regular old stereotypsd growl.
trying to cry down the real merits OF our
mines; hut people understand that
paper pretty well. and to a very sensible
extent disregard its puerile, jealous,
whining. antiquated advice, and lugu
brious representations. That paper is
mushly in the dark and behind the
times, as well a. all other papers. or
readers Of papers in sympathy with 1t.
or psrtaking OF its views. The general
ity OF tho papers in San Francisco, how
ever. we are gratifed to see. have n very
good understanding and sensible ap-
probation OF mining matters in this Sec
ton. We extract the following edito-
rial remarks from tho San Francisco
Stock Report, OF Thursday:
The Ophir and Empire Mill elections
came oil yesterday, both resulting in
favor Of tho Bank people. some
seventy odd. out OF one hundred thou
sand shares havin: been held by that
firm. the remaining thirty thousand be-
ing in the hands OF the wsalthiest oper-
ators Of the city. who held it at its full
value for the price current to-day. The
Consolidated Virginia, California and
Ophir developments are each day be-
coming larger. and are acquiring u stand
ard value as recognized as any which
the United States Mint can confer. II
Is a question to-day il the value OF these
mines are not much moderated. and from
the late statements and estimates OF n
dozen scientists no conclusions can be
arrived at, except that IL is the dictate OF
tue suuiptst tApetituco shat ~ o""Nas
in the stock Of these mines should hold
on to all they can. for the north end de-
yelopmsnts are verify minis themselves.
The Belcher and Crown Point sections
are comparatively stationary, with no
present indications Of large movements.
aud we nigh, close to-day's review with
the statement that the near future PROM
ises a larger and more active business
than even the past unprecedent month
has already recorded"
DIR. Linderman, Director OF the United
States Mint, in his report just published,
estimates that the production OF the
CoInstock lode per annum, will, with
the next year reach $40. 1000, 900. Pres
ent developments indicate that sven
this liberal sum will DO exceeded; indeed
the production is and will he only limited
by the milling capacity. The ore devel-
opmenis Of the Comstoek are merely in
their infancy.