Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-06-11
LOCAL MINING SUMMARY.
Yer II. Week E.ai.s Jane II, 1874.

Yer the Week Endiss Juse II, 1874.
Quite q nice little riso In stocks has
taken place during the last two or
three days, 0phir taking the lead and
doubling Its price. The rise culmln-
ated yesterday with Ophir at sci, and
to-day quite a decline Is apparent.
This rise was partially owing to the
regular monthly dividends just do.
clared by the Belchsr, Consolidated
Virginia and tho Crown Point, as fol.
lows: Belchsr, - ; Consolidated vlr.
ginla, g; Crown Point, % per share,
a~ggrsgating a very gratifying total Of
$l,l4i,0O0. The bullion receipts OF
tho Consolidated Virginia, for May,
were $iG6, 900. while the dividend az.
gregates s3at. 900, thus leaving a fine
surplus In the treasury. This was bet.
ter than was expected, aud owing to
the improved character Of tho ore.
When the new mill OF the company Is
completed and In operation. which
will probably be In about three
months, still better returns aud pros
perlty may be expected. All three OF
these mines will be rivals OF each
other In heavy bullion production and
dividends, aud perhaps others may fall
Into line during tho season. The pres
snt rise In Ophlr Is not based upon
any new Developments In the mine,
but upon tho ore yielding far better
under the stamps than was anticipated.
The Imperial Is looking better at tho
loOO.foot level. Tho prospecting
mines generally are looking better
than they have for years. Below we
give what We know about the mines {:
sierra Nevada.
Daily yield GO tons Of ore keeping
the mill steadily running. The orc
breasts are showing considerable I'm.
provement, and tho ore crushed Is
yielding better than for some time
past. The flow OF water Into tho new
shaft continues much the same ne here
toiorc, and but little can be done In
the way OF sinking until the erection
Of the new pumping machinery Is COM
pleted. The frame OF tho new hoist
Ing works building Is up and will be
completed In a very few days more.
The new engines and other machinery
for hosting aud pumping Ia being
overhaulcd and put In position for use
As fast rs the nature Of the work will
allow. Tho new hydraulic works
were started up day before yesterday,
and although some little delay aud
bother was experienced In getting
.eyerying to work well In the beginning,
all the troubles have been overcome
and everything In connection Is now
working splcndidly. The power OF
the water Il even greater than was ex-
pected aud washes tho bed OF cement
and quartz out into the sluices almost
As though IL was only u bed Of sand.
Tho shipment OF bullion for the month
Of may was 50, sol ca.
ChoIiar.Potosi.
Daily yield, 90 tons Of ore, the as
say value Of which Is 81 per ton.
There Is no material change to report
Of tho ore-produclng sections Of the
nina, The prospecting drift east
from the Belvldere shalt, Is In III
feet to-day. still In quartz oil n very
favorable character. A raise Is being
made on the streak Of ore found In the
main south drift, at the nth station,
which shows no change oil Interest
yet. Sinking to prospect the same
streak below this level has been com'
menced. The west cross.cut from the
south drift. ut the fourth station level,
has cut n fine, solid body OF quartz
over 30 feet In width, but which car
ries no ore Of consequence asyet. The
yield OF bullion for the month OF May
was SO, sl5.0G.
Hale Il Norcross.
The 2OO0.f foot station In the main
Incline Is completed and adrlft started
to cross-eut and prospect the ore vein
on that level. Sinking the main In.
cline below the 2OO0.iOot level for the
purpose OF opening still another has
been resumed aud Is being vigorously
prosecuted. The strenks and stratas
Of ore found on the l900.ioot level arc
being worked and the orc extracted,
and are opening out aud yielding much
better than was expected ut the time
Of their discovery. Cross-cutting anu
prospecting OH thls level Is still car
fled on with vigor as there Is yet con.
siderable virgin ground TO explsrc,
leaving ample room for valuable dis
coverles to DO yet made. No change
to report Of the old upper workings.
Ophir.
Tho ore dumps are full, there being
now about 200 tons Of orc OH hand,
and just enough Is being extracted
from the ore breasts on the 1906. foot
level to keep the supply good and the
Empire State mill running. The ore
now being crushed ut tho MILL Is CIV
Ing much better returns than was at
first expected, tho bullion being rich
In gold. No cleanup has yet been
made, so that It IL Impossible to give
the exact figures OF the results. No
work IL now being done on either the
1865 or the l700-fo levels except sink
Ing from the Que aud raising from the
soith drlft on the other for air pur-
poses. Until that Is accomplished ne
further prosecuting on those levels
will DO attempted.
Andes.
The machinery having been found
Inadequate for the proper working Of