Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-04-29
LOCAL MINING SUMMARY.

/ mlNIN6 SuMmAkI.
Ser the Week Endiss April -, 1873
Latest Official Mining News
Devclspments aud PrssPeets-rhs
Upper and she Lever Levels
nsw Things Losk all aissg she
Comstoek Range To-day.
The Stock market may hardly b
called lively at the present time; IN
fact, II continues to DO more oil
q brokers market" than any
thing else-see-sawing up and down
Just about enough TO give brokers their
commissions, etc. The chances for q
rise In tho immediate future do not look
particularly good, yet on the other hand
any further depression in stocks is not
to DO anticipated; the excellence and
strength Of the mining situation will
not allow OF that. Ono popular
reason for the continued depression In
the stock market Is q stringcncy In
money matters, and o renewal Of the
gold excitement in New York TO some
extent, as indicated by the latest tele.
grams. All this idea and talk about
financial stringency and elevated gold
would amount to but little in the face OF
a stock excitement. Let stocks take an
upward shoot upon the present strength
Of the mining situation, and confidence
would be restored, and plenty Of money
would be found in willing hands to in.
vest. Generally speaking wo have no
new and startling developments to re-
cord in any OF the mines this week,
although very encouraging reports como
from tho Bullion lower Lowell. Pros
pecting and development work goes on nt
a ~liyelier rate than ever all along the
line, and sums Of money are being cI-
pended in costly and effective hosting
works and other appliances for develop
ing tho true mineral resources Of the
country. Capitalists generally know
what they AFRO about, and all this money
now being expected, ia expended to
como back with interest by and by.
Below We give u regular weekly
summary Of the latest and most correct
mining information obtainablo:
Consolidated virginia.
Daily yield. 900 Ions Of ore, keeping
the mills all running up to their full
working capacity. The ore breasts and
slopes ON tho 1900. 400 and i300-foot
levels IRE all looking well and yielding
tho usual amount Of rich ore. Tho
Joint east cross. cut on tdo l40O.foot
level is still driven vigorously ahead
in the ore vein, the quartz and ore being
OF q fine favorable character. Tho face
Of the east cross.cut on tho l2OO-foot
level has cut tho edge Of tho ore vein,
anil IL showing some streaks and spots
Of excellent ore. Sinking tho c. and
G. shaft il making good progress, every
thing working finely about the shalt.
The excavations for the reception Of tho
new AMI powerful hoisting works are
about completed. and the anchor bolts
and plates are being placed in position
ready to commence the heavy mason
work. The now machinery il begin
ming To arrive, aud all that energy and
perseverance, can accomplish to hasten
tho erection OF tho works In rs short q
time IA possible is being done.
C~aiinSraiA.
Tho enlargement Of tho main north
drift on tho l5OO-ioot level for a large
air gallery to connect with the Ophir
mine, and thus ecu the thorough
ventilation Of tho Lowell is making steady
and favorable progress. Cross-cut No.
3 ON the l50O.ioot level is still driven
forward through the ore vein, tho face
in low grade ore. Tho face Of cross.
cuts No. 1 aud 8 on this level arc still
in good orc. as is also that OF the north
and south drift running in the ore vein
TO connect cross.cuts No. ) and 4. Tho
Joint cross-cut on both the 1900 and
lioO. foot levels ars being energeticnlly
forward, that on the liOO-foot
level being In tho ore vein. and the
being just on tho point OF entering
il. Sinking the wilma from the l40O
To connect with the l560-foot level IL
making good progress, tho bottom still
in ore.
ophir.
Daily yield $50 tons Of ore. There Is
little or no change in any o fthe orc pro-
ducing sections Of the mine. The ore
slopes ON the iiC5.foot level continues
to look we'll. The face OF both the east
and west cross-drifts from the northeast
drift, at the bottom Of the north Wine,
on the iGOO-foot level are still in n ino
character Of ore. The main east drifts
from both the 1900 and iCOO-foot sta
tons Of the main shaft are being nd
yanced rapidly toward tho ore vein.
Tho opening out Of the main incline
station is also making excellent progress.
Tho prospecting on the l700-foot level
now being done Is principally for the
purpose OF determining the exact loca.
ton Of tho foot-wall Of the ledge. Tho
erection Of the foundations for the now
incline machinery is making steady pro-
gross.
1Builieu.
The cast cross-cut from the north
drift, on tho 17O0.foot level Of tho I'm.
perial mine. cut the ledge day before
yesterday. which shows some fine orc
prospects. and although nothing can be
fully determined In n mine until the de-
vslopments are completed, there seems
hardly n doubt any more but that tho
Bullion Is going To develop into q pay
ing mine. The Schultz Brothers, who
have held tho majority Of tho stock for
years. paying QUO assessment after
another. with firm faith in tho final do
yelopment into a paying mine, certainly
deserve the rich reward that they appear
Just upon tho point Of receiving. Tho
quartz development Oh tho sOO-foot level
A.. las A. ..nN aHnE.Ia mn rtelt