Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-03-05
LOCAL MINING SUMMARY.
Fer Ii. Week Ending March S, 1874.

luIAl WINlNU SUWWRni.
FER the Week Endins March s, 1874.
As will DO apparent to all who scan
our regular list Of stock quotations to-
day. the bears have "got the bulge
on tho market, and large sales are
made at q decline. The market raj
lied a little the first Of this week, but
since then 1t has been softer and softer.
To-day the market really looks rather
panicky. The actual condition Of the
mines, or the ore developments, do not
warrant anything Of the sort; every
thing In that line looks quite rs
we'll as a week ago, aud In some
cases better. But as we have before
stated. and as Is and has been appar-
ent to most everybody, tho price OF
stocks has precious little to do with the
condition Of the mlnes. San Francis.
CO, three hundred miles away, 10 tho
headquarters Of tho m%snipulators and
the stock sharps. There dwell tile
bulls and tho bears Of tho stock mar
kct, aud those mythical beasts arc
otsrnally at wal with each other.
The bears, to effect their ends,
arc at present resorting to their
old dodge Of wllful lying and
Misrepresentation, and they are evil
IDENTIFY succeeding very we'll. Tho
principal pressure seems to DO brought
to bear upon Ophlr, and a %concentra-
tlon OF forces Il breaking 1t down.
All tho leading stocks suffer In con.
sequence, and the entire list Is sympa-
thetically depressed. Stocks are not
healthy, and yet Dolchcr declares Its
usual dividend Of IS to-day, and carries
over a large surplus. Crswn Point
will declare Its usual dividend Of %
day after tomorrow, aud while the
bears revel In triumph down at tho
Bay. the mlnlng Developments Of this
section will so on In tho even aud
constantly Improving tenor OF their
way. Below we glvo what we know
about tho mines:
sIerra Nevada.
Sinking tho new shaft "a making
steady progress, the rock In the bottom
blasting finely. The drain tunnel to
connect with the new shaft Is being
driven ahead at the rate Of 10 feet per
week. The up raise In tho old Sacra-
mento ground 10 making steady head
way, without change Of Interest. The
ere body In the old upper workings Is
looking we'll, widening out, aud bids
fair to provo an extensive deposit.
The ledge Is becoming more solid; In
fact, q large proportion OF 1t Is now
hard blasting quartz. A drain or
sluice tunnel, which Is now In twenty
feet, has been commenced just below
the Gelgsr grade, a little north OF the
mill, This tunnel IL Intended to pen
citrate the rim rock Of the hill, and
will, nj q distance Of about eighty feet
from the mouth, onter tho old upper
surface workings, where the hydraul:
licking was done In 1850, which paid
20 Immensely with only a few Inches
of water. Hydraulic works Of the
most Improved kind arc to be immedl.
ately erected, the company having OBJ
tanned the use Of 200 inches Of water
from tho Water Company at u low
cost, which Will enable them to use 1t
without stint In the prosecution OF the
work. This water will have n fall OF
about 800 feet, which will give q force
sufficient to wash down aud sluice oil
the largest powders on the hill. II Is
the Intention, with these immense
works, to sluice or the large deposit
Of low grade ore lying near tho sur
face. catching the FREQ gold In the
qulcksilver aud RIFLES OF the slnices,
aud concentrating the coarse pieces OF
ore ut the msuth Of tho drain tunnel,
In close proximity to the mill, ready
for reduction under tho stamps. 1t is
the expectation that, with this new
and speedy method OF working this
Immense body OF gold bearing quartz
and cement, the company will not on
liz be relieved OF the burden OF assess
ments necessary to erect their new and
powerful hosting works, but the Sierra
Nevada may even be made . dividend
paying mine.
Gould d Curry.
The main EAST DRIFT on the l500-foot
level 10 still driven ahead, the face in
quartz. Tho main north DRIFT on this
level Is also making good Roadway,
the face In quartz aud low grade ore.
The main east drift on the l70O.foot
level Is pressed steadily ahead to reach
the east ore vein, the face In porphy.
RI. The main north drlft on this level
Is still following the west ore vein, the
face In quartz, giving low assays. For
the past two weeks there. has been q
strong flew OF hot water from the face
Of this drift, but which has almost ell.
tirely ceased within tho past two days.
The prospecting operations at the sixth
station level are still continued, but
have developed nothing new since our
last report. The new and powerful
air compressor for forcing mir Into the
mine and driving 4 set Of Burlcigh
drills, has arrived, and Is being set up
as fast IS the nature Of the work will
allow. The air pipes are being carried
down the shaft and everything put In
readiness for starting the compressor
at the earliest possible moment.
Hale d Norcross.
The main north drlft oil tho 1000
foot level has reached tho north line,
and Is being driven ahead to connect
with the south wlnze from the l70O.foot
level Of the Savage. Four cross-cuts
have been run between the main In.
cline and the Savage, three OF which
have penetrated the ledge to the west
wall, and the fourth, which Is on the
north line. to within about fifteen feet
Of tho wall, non Of which have de-
velopcd any considerable body OF ore.
The south drift from the incline OH
the l900.foot level Is In n distance OF
40 feet, without change OF interest.
Hnn G--A