Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-02-14
LOCAL MINING SUMMARY.
vor III. Week Radins February II, 1874


The stock market has worked through
its barren streak, aud the indications
beyond look more promising. Bottom
was reached last Tuesday. as far n
Ophlr was concerned, the stock touch
Ing s33, aud on Thursday BslcheI
touched $S2, its lowest point. Boil
have gone up since, aud the whole
market has revived since the middle o
the week, closing stlG, with all advanc
lug tendency. The recent decline wa
attributable solely to bear msnipula'
tlons, aud not to the actual condition
Of the mines. There hss been no gen
eral falling OF or dimlnutlon OF the
recen, good ore Developments along
the Comstock, but rather the contrary
The ophir shows decided Improve
ment, the prospecting operations Ind
Ing orc where It was expected to b.
found ; as. for instance, at the bottom
OF the wlnze below the liG5.foot level,
being sunk TO strike the west ore
body, aud at the bottom Of the wlnze
below the l3OO-foot level, being sunk
TO connect with the raise from the
1865. foot level, which has been In good
ore all the way. Both these points are
Important. The Consolidated Virginia
also shows Increase In quantity Of ore
found. aud the bullion shows more
gold, running To- about equal In gold
aud silver. The Bslcher bullion also
runs higher In gold. The bears tried
hard to break Belcher stock by circu'
lsting rumors OF deterioration at the
lower levels Of the mine. Tho same
tactics sent the stock down to $50 a
year ago, but will hardly win as effect.
ually this timc. Crown Point also
shows Improvement at Its lower levels
since last week the north winze ut
tho iO0.foot level Is In ore OF splendid
quality. This development being In
tile vicinity Of the Kentuck, Is OF sig-
nihcan, Importance to the future pros
poets OF that mine. Tho Oycrman
WINE Is still In ore. II stocks wero
ruled by actual developments Ia these
mines there should DO an advance In
prices instead OF any decline. Rels-
tive to money matters the San Fran
cisco Alta gives the following:
Money continues to be In good sup.
NV with \ fair demand ut the bank,
which Ia met at the usual rates, lgli4
per cent. The supply OF money with
the loan societies IL good at 99l2 per
cent, aud seems to Improve. The stag
nation Of the stock market prevents
any great demand for money In that
quarter, aud real estate requires but
little. The Accommodations Of capital
In the interior supply the demand there
TO ous extent. There Is. therefore,
less demand from tho country upon
san Francisco than might otherwise
be the case. The sales Of silver bull
lion aud produce are unusually large
for this season OF the year, and supply
quite exchange enough to rneet all de.
mand for remittsnces without ship.
ping gold, which consequently finds It's
way TO the Mint to swell the already
large supply Of coin. The Waslioe
silver, which Genes here for separation
runs high In gold. Be'clier bullion
this week gives 10 per cent. In gold.
aud Consolidated Virginia, with some
other mines. 30 per cent. The Mutt
coinage will. therefore, be large this
month. while the demand for export
i altogether nominal. while silver has
risen la New York aud London to par
for standard.
Below we give what we know about
the mines:
Ophir.
The north cross.cut OF the l3OO.foot
level Is still pushed ahead, the face In
fair grade ore. Shaking the winze
from this level to connect with the up
raise from tho 1865 loot level IL max
Ing good headway. the bottom Sill In
good ore. The up raise from the liG5'
foot level Il also making cool prog.
re.s. and still In rich ORE. Tie Wine
from the 1865. foot level to connect
with the IN raise from tho llOO.foot
level has pa,sed through tho body Of
quartz and low grade ore mentioned
In a previous report Into what appears
IN Ia n continuation OF the west ore
body, tho ore In the bottom being OF
excellent quality. and gradually In
creaslng Ia richness nc greater depth
Is attained. The main drift south on
the 1900. foot level 10 being driven Wig
orously ahead to connect with the
winze from the 1iG5-foot level. and thus
yentilate the lower levels OF the milne
4 work which must be finished before
tho prospecting OF that portion can be
completed, or the extraction oil ore
from the lower levels commenced.
Deichcr.
The main incline Is down 9S feet be-
low the l4Oc-foot level, In hard blast
Ing ground. The main drift north
from the Incline. on the l400.fo foot level
IL In 62 feet. the face In very hard rock.
The south drift OH the HOO level from
the incline. Is In l52 feet, aud the main
south drlft from the Incline on tho
1900. foot level, Is In a distance OF 2l2
feet, the face Ia quartz Of q very PROM
isiug character. The south winzc, OIL
the 1900. foot level, Il down l27 feet.
tho bottom Ia hard blasting rock.
Preparations are rapidly being made
tor the opening OF the 400 foot level,
Daily yield Of ore, 525 tons. The ore
slopes throughout the mine are look
Ing s~plendidly and promise a rich
yield for the future. The gross yield
for the month Of January was Sl.O6i.-
900. After discussing the dividend Of
Is per share. amounting to $500, 900
last Tuesday. $3.50 900 was carried
over to the already very large surplus
fund In the treasury Of the company.
Crown Point.
The main south drlft on the 1900 foot
level Is pushed vigorously ahead, the
face showing ore Of increasing rich
ness. The flow Of water from the face
/. gradually lcssening and much better
progress In the future may be expected.
The north winze on the 400 foot level
which Is an incline, Is down j feet
making a vertical depth reached Of %
.-- L. lib.