Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-03-11
MINING SUMMARY.
s.r d. week x.a,.s March II. 1875.
Latest Omcial Mining News

Ser The Week K.si.s March n. 1875.
Latest Oficial Mining News
The Assek aad Nining B~ituatiou-A
Reyiyal In the Markss-Coattn.
ned Imprsvesnsns In shs Bssss.
sa-new Thisr Lsok To-day
All AIssg the Csosssek.
The revival In stocks has continued
during the past week, based mot only
upon continued improvement In the
great BONANZA at the north end OF the
Comstock. including the ophir. but
also in other less important mines along
the line. Tho Globe Consolidated
shows q very hns and valuable ledge.
struck since our last report, which is
evidently the same as that Of the Rock
Island. The Justice mine is getting
into very effective working shape and
just opening out it, soo-ioot level be-
meath the fins ore development found In
the 4Oo-foot level. and which Is appsr-
emily the top Of . bonanza. 1t
should DO found at the lower level. and
it is reasonable to suppose that II will
prove Of groat value at that point. The
woodville strike shows continued i'm
provement, and a compromise Is re-
ported as having been madc between
that and the Justice Company. to
the advantage Of both parties. Work
is actively going ahead in all directions
from away north OF Cedar Hill to be-
yond Carson River. and along tho range
toward Carson City. following any
direction the great Comstock is sup
posed to have taken. Great confidence
in future and doepdevOlopments isshown
by the general disposition Of companies
in the American Flat section to erect
machinery Of the best and most power.
full description. as In the case Of the Bal
timoro Consolidated. Florida, Georgia
and others. Tho Caledonia is also show
ing good practical sense in the com.
msncsmsnt OF a new SHIFT 1000 feet east
OF their present workings. In regard to
tho California mine, or heart Of the big
bonanza, the San Francisco Ala says:
Tho developments in that mine are Of
o most extraordinary nature. The Fer
guson drift has reached north to the
line Of oross-cut No. 3 Of the l50O.foot
level. Under that oross-cut. In tho
l550-foot level. the ore runs into tho
thousands, and quantities are smoked
and sent to Reno for reduction. The
Company are making purchases Of sacks
in this city for that purpose. The pro-
Deeds Of the ore have paid oil the eI-
penses Of the California, which Ia now
accommodating . surplus. Al the matter
now stands tho mine Is demonstrated to
10 equal in value to the Consolidated
Virginia, IL Il does not exceed II. The
development embraces one l00-fset cube
which alone will give $40, OOO, 900.
As to the prospects for a further riso
in stocks. the chances aro good enough
and the mining situation would justify
II. A little more canndencs on the part
~ ,ho.. who have money To invest il
,T---,
what IN required
Below we give our regular weekly
summary Of the latest and most correct
,-.;,;,, ;,,o,uo,;o, obtainable.
~
Consoiiaste' sits'n's
Daily yield $50 tons OF ore, keeping
The mills OF the all steadily
- m. -. 800. .ra s,on..
'' %.
on the i3oo' itoo anu iooo-'oo' ie'si"
never were looking better than at tho
present. Enlarging tho main north and
south drifts on the 1900 and l6OO-foot
levels to increase tho air circulation in
those portions OF tho mine goes steadily
on, steadily ine!sas.ns aay ~ aas
aS o. a,,a.a~ J.S.ioned opd rr,.
pairing for tho further development Of
| the great bonanza In a downward dircc-
ton. On the IlOO.foot level tho east
cross.cut is In a distance Of 133 feet.
| On the l3OO-foot level the east cross-out
ON the north line IL now In u feet, the
face still in promising vein mattor. Tho
yield Of bullion for last month. notwith-
standing the shortness Of tho month,
amounted TO 81 .2O5, OOO. and on the 9th
Of March q dividend OF $40 per share OF
the old stock was declared. a~ggregating
9 ] .0so. 0o0-being the largest monthly
dividend ever declared oy n MIN on
the Comstoek. The entire mschinery
OF the mine Is in spiendiu working con-
dition. the mills all IN nne running or
der. aud tho prospects are excellent ior
the continuation OF tho payment OF the
present rate oil dividends Tor months'
and perhaps years 70 come.
Ophir.
DaiIy Weld $50 tons of ore. Tho ore
80. ,-,,or,hor, ,ho a n and Ilss.
~
DOT levels arc al looking 'piehu'oiy.
and yielding the usual amount OF good
orc. work II progressing ninety IN All
| tho cross-cuts and drifts on both the