Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-10-08
MINING SUMMARY,
Yer the Week Ruaiss 0eisber $, 1874.

tVttutNS w ustsNss
Ter the Week Rudiss 0ctsber =, 1874
The vsrygratifyins riscin stocks, whicl
prevailed last week and the first OF tn
present week, came to grief and q tumble
en- Tuesday. the break occurring in Seq
grsgatsd Bslchsr and Overman. and in
fusncing the entire list-to-day showing
. still further decline. AL sorts o.
theories are given for this break In
stocks, yet none are satisfactory. Bel.
cher declared on the 9th q reduced divi.
dsnd OF % per share, the Consolidated
Virginia its regular 50 dividend on the
7th, and to-day Crown Point declares its
dividend Of 80, giving m aggregate Of
over $1,000, 900. Below We give the
latest and most correct mining infor.
nation obtainable:
Consolidated virginia.
Daily yield. 800 tons OF ore. This
ore Is being mostly extracted from the
1900. 1900 and 1iO0-foot levels. The
ore breasts on the 1900 and l3OO-foot
levels ars being continued both north
and south. still In rich orc. The orc
Slopes on the 1i00-foot levels are being
continued both north and south, still in
rich ore. The ore slopes on the 400.
foot level IRE opening out richer and
more extensive every day. Tho slopes
are being carried forward TO the north
ward So feet in width, leaving q solid
face Of orc 10 the eastward. The STOPPER
to the southwark are the same width,
and IRE still in rich ore. At tho point
where the ledge was first opened on this
level II has been cross-cut to tho east
clay wall, showing the ore vein to be 80
fsst in width. with as feet OF rich
milling ore. Sinking the north Wine
No. 2, from the l400-foot level to on
meet with the upriss from the 150O.fost
level 10 making fine progress, the bottom
still in rich ore. The east cross-cut No.
2, 100 feet south Of the shaft on the
1500-foot level is still continued in fine
ore. The cross-cut running directly
east from the shaft 10 making good prog
rsss, hut has not yet reached tho ledge.
The upriss 10 meet and connect with the
north winze from the liO0-foot level is
up 70 feet, still in rich ore. Ecyry indi.
cation tends to the undoubted belief
hat The i5OO-foot level will greatly ex-
coed In richness any portion OF the mino
vet developed /; and that at no distant
day the Consolidated Virginia will stand
at the head OF the rich ore producing
mines OF the Comstock. The new mill
IL steadily approaching completion nad
will probably be in running order in
about GO days,
sierra Nevada.
A heavy flow Of water has again been
struck in the bottom Of the now shaft,
but which is handled by the pump with
the most satisfactory ease. There is
every indication that this body Of water
IL ceming from the vicinity Of n ledge Of
some kind, and that oncs the water Is
drained IL will not take long for the shaft
10 reach Il. The up-raiss in the Sacra-
mento ground is still continued, but has,
according TO o new survey, about 30 feet
TO yet run TO connect with the drift
above. A new and what promises to be
q favorable ore development, was made
during the past week In . north drift run
from the old Sierra Nevada tunnel.
This drift was started at q point about
$50 feet from the mouth Of the tunnel,
and had been run but u few feet when q
whitsish quartz and ore was struck, as
saying largely In gold. The drift has
been run IA feet in this body Of ore,
which still continues In the face, and an
up-raiss has just been commenced to as
certain the extent Of the ore In mn up
ward direction. Tho mill il kept stead
lily running on ore from the mine. Daily
yield CO tons Of ore.
wssdviIIe.
The north drift on the 300-foot level,
two days ago. encountered OH entirely
new body OF fine ore, which promised to
develop into a much larger body than
any neretoiors aisco'ei' %
imPer.an, aiseo.s,y ~. %san
81 POM Non~.'.s H.. -.,,.rs;on
Of the ore body in that direction. The
bottom Of the north WINE on the BOO
foot level is still In fine ore. The ore on
tho 3OO.foot lsyel has already been pros
Psc.su IN. s-;u On ,hs oo0.foot
hor,nN ~ ~. .,;m ~ a. oroJ.
lo'e' !, H. ,ox., L. .i.o ~
orc. an i nu,,,n : ,ha, ,hsr. 4.
seou n iu ..c;s,, ~ r..n
aiieauy ~ IT,
mii runhIhg Ior n n.a ro.n ,,a Sho
ing o onc On ,a U.s ~: oomwancaJ
anu ooy-io'' ~ 0'. or. Tho mn.
psiIy ven ho;s,;n, wo,l. n,
chihery ivi W o."nn1 al viii
be erected at tho earliest day possi-
bic.
Ophir.
The ore slopes Oh both the l3oo and
14GJ-foot levels are still yielding the
usual quantity OF ore, which amount
,.n h. ar.o,,x Increased vbensysr Il il
Jaa;r.hfs 40 IL 40 Ths face Of the east
d.,.,onmsnt cro,s.cut from the south
dr;t, an ths IlG5.foot loyel is still in
Mn arods ors Tho Weld Of the En-.
Ntk y ~