Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-01-17
LOCAL MINING SUMMARY.
Yer tho Week Radius J..s.ry IL, 1873


--
Yer the Week Rndins January IL, 1871
The stock mar ket has been In rathei
Of a ~quiescent state during the pas
week, although prices have continued
good. Generally speaking, however
stocks arc 4 :" little or" with room foi
I'm provement. At the close. the north
end OF the ledge seems to have the best
Of It, the stocks Of that section show
Ing = slight advance, while those Of
the south decline a little. The con-
dition Of the mines Is good, and much
more orc Is now In sight aud aud ready
for extraction along the line Of the
Comstock. than ever before, or than
there Is mills to crush 1t. Several more
mills are needed and will DO built
during the coming season. The pres.
ent lull In the stock market Is no good
Indication Of lower prices, or safe cri-
terion to "sell short" on. Spring Is
near at hand. and the opening Of the
season, with It's heretofore tendency TO
advance prices, Is extremely liable to
sustain present rates and prevent any
material decline, until a healthy adj
vance shall be inaugurated. We ex.
tract the following from the San Fran
cisco Alta OF yesterday:
There IL an evident temp >rary pause
In buying OH the part Of the general
public. which takes frsm the anlmt.
ton Of the market but some Of those
stocks that recently declined are taken
up quietly ut the lower prices, rellev-
Ing any pressure upon the market.
The news from the mlIes continues to
Improve. The return Of MIR. Baldwin
from \ visit to Ophlr brought with 1t
renewed assurances Of the value Of that
mine and OF the California, which ad-
Joins Ii at the south. In fact, q round
sum Of 81. 900, 00O. half cash, half thirty
has been offered for half the CAL
ifernia. We believe this Is tho largest
proposed transaction since the purchase
Of the control OF the Crown Point by
A. Hayward, two and n half years
since. The offer Tor the California was
not, however, accepted.
Below we give what we know about
the mines:
Consolidated Virginia.
The product OF this mine I, about
200 tons Of orc daily. All Of til Q ore Is
from the l2OO-foot level.
Tho ore breasts 40 far as opened on
this level and also the raise In the ore
body above this level are yielding fine
ore. The raise from the l200-foot
level has now reached the l000-foot
level and continues In good orc, the
width OF which at that point Is yet un.
known. The south drift from the shaft
the l0O0-foot level has reached the
ore body and connected with the raise
from thel200. A crosscut Is nov making
to determine the width OF the ore body
at that point. At a depth Of 100 feet
below the 1900 foot level In the winze
sunk In the ora body, crosscuts arc
also now being run to the east anu
west. The east crosscut Is In 80 feet
aud the west crosscut ~ feet from the
winzs and both DRIFT In good orc. On
the l300.fo level the diiit running
south from the shaft to connect with
the wlnze Is now advanced no feet.
The north drift has reached the south
ern boundary OF the California Mining
This drift will be contln.
ued northward through tho latter
Sinking tho main SHAFT IL
below the l30O-fOot or low
est level. The future Of this mine
looks exceedingly bright.
Ophir.
Work upon the main south drifts and
on the 1900 and liG5-foot
has been discontinued for the
present. Tho ore body on the 1900 foot
level. as far as prospccted, shows q
width Of 90 feet, and Il Of good quality.
On the 65.foot level the prospect
already done proves the ore TO be
100 feet In width. aud OF higher grade.
rwo wines are to DO Immediately
,unk-one In the ore body from the
800 to the liG5.foot level, and the 9th.
Or In the ore body extending from the
1906 toward the l700.foot level. A
engine has been placed at the
read OF the main incline OH tho 1866.
loo, level. to do the necessary hosting
rom thu l700. foot level up to the 1865,
which will greatly facilitate the work
n that part OF the mine. Driving the
main south drlft OIL the 170O.foot level
% making steady progress, with moth
.ng new to report. January 2lst Is
he day set for q meeting OF the stock
for the purpose OF considering
he propriety Of an Increase Of the
number OF shares aud the capital stock
II the company.
BeIcher.
The main incline Is down 90 feet be-
Iow the li00-foot level, still In hard
blasting ground. The liOO-ioot sta
lion has been opened and q drift which
d In 80 feet, started to the northward
o connect with the main south drlft
IN the 100. foot level from the Crown
All orc taken from the 1900
loot level Is now being hoisted through
he company's own shaft, doing away
,ntirely with hosting formerly done
through the Yellow Jacket shaft. The
work Of prospecting aud opening up
'he lI00.foot level will be commenced
good earnest during the coming
week. The south winze OIL the 1900.
loot level Is down 81 feet. All the ore
throughout the mino are look
well and yielding tlnely. Daily
rield 800 tons. The mills are all run
hing up to their full working capacity,
md future prospects Of tho mine look
aud flattering.
Under the energetic direction Of Mr..
the new superintendent, the
main tunnel Is being repaired and re-
.imbered wherever needed, a new car
rack laid. aud things generally put
INTO effective working shape. Next
week he will resume sinking the in-
cline below the the tunnel, which Is
down a length Of 200 feet, fol-