Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-07-08
LOCAL MINNIE SUMMARY.
FER Ii. Week E.tI.s JAY g. 1873
Latest Official Mining News

Ter Ii. Week E..l.s JAY g. ISIS
Latest Official Mining News
The sssek and HininE Ostlssk-As.
nual Eisssisns = Dividend The
Ophir - shut Dswa- Hsw The
Misses are LsekinE TeDay.
Stocks are sneouragingly siff to-day.
but the market IL not lively. and the
Spring rise has evidently not yet eel in.
The Consolidated Virginia declares her
usual monthly dividend Of 90 per
share. payable next Saturday. and car.
riss over q surplus to assist the dividend
Of next month. should such assistance
DO needed. The 0phir will shut down
on the Goth instant. In order to repair
three or four hundred feet Of the shaft
below the six or seven hundred foot
level. A new hoisting or gallows
frame 10 to be erected, and other
much needed improvements made
In the hosting apparatus and surface
arrangements. This will take about
two months-perhaps less. Meanwhile
the rich ore developments In the Call.
fornia and Consolidated adjoining u will
DO pushed forward As usual. The recent
annual election Of the Imperial Mining
Company resulted In the reelection Of
the old Board Of Trustees, there being
little or no change In the control. We
have littlo in tho shape Of encouraging
news to give at present relative to the
stock and mining situation; active de-.
velopmsnt is going ahead all along the
line. ~ usual.
Below we give our regular weekly
summary OF the latest and most correct
mining information, derived from Of.
fetal and authentic sources, showing tho
situation Of each mine to-day. up to tho
time OF going 70 press'
Consolidated virEinia.
Daily yield. $50 to GOO tons Of ore.
The ore breasts on the 1900. 400 and
l3OO.fost levels continue their regular
yield Of rich ore, with no material change
In either tho general appearance or
yield. But little prospecting 10 being
done IN the mine. 30 that but few dsvel.
opmsnts need be expected for several
months to come. The regular monthly
dividend OF $40 per shars, aggrsgating
81. $50, 600, was declared yesterday. The
yiold for the past month was o little In
excess Of 81 soc, 900. which. after pay
ing the current expenses and dividend
Of the month. will still leave q consider
able surplus. II Ia the expectation that
the yield for the month Of July will not
vary but little, II any. from that Of June,
IN the Same mills will DO employed and
about the same amount OF ore extracted.
AL the machinery Is In hne order. every.
thing working with the utmost smooth.
ness and perfection. The operations Of
the new mill especially are without q
parallel for the stoadiness. amount and
perfection Of It's work.
Saiiernis-
Sinking the c. 4 G. shaft 10 making
rapid progress, the work being pressed
steadily ahead with the usual visor.
Cross-cuts Nos. 4, o and 0 are still
pressed energstically ahead, the face OF
all still In fino ore. Tho lateral drift
running northward In the ore vein to
connect cross-cuts Nos. I and o 10 also
In rich orc. On the l400.foot level the
north drift from cross-cut No. 8 10 being
extended toward the north line with the
intention Of continuing the cross-cut-
and blocking up Of that portion Of the
ledge. Tho erection OF the new mill 10
advancing rapidly. the foundations for
the machinery being complete. with the
exception Of laying the coping stones
for the engines. All tho men arc en-
ployed OH the works that can DO given
room, m IL Is the intention Of tho man.
agement to complete its erection and
get the mill going at tho very earliest
moment possible.
Amman.
The donkey engine for hosting Is be-
ing placed in position ready for future
operations. II Is confidently expected
that everything will DO in readiness to
s,osm nm Inv Tho 10Th ipst. A drit nortb
hss bsen s.ts.ded into ths orr body In
tbs Glasgow uround. A distance OF ne
tho ara e%ontipuinu tbe sntire dis.
tsnce Of a 8no charactsr. A arm has
slso becn run "a ths soutbvard into the
Im.,on oror,5 N fs.t Mi ths nav In
naod ora A. ,hst Mint vip,s bs.
sssn .t.rtsa AWKWARD IN ,bs ara body.
II h m. intention m NOON ns Tho nav
,nachine,v n In onorstion. 10 rs,ums
.inlinc Ike .h.it- anil m soon M n has
r.sch.3 \ dsnth NJ 100 fact mora n oman
N %s,.t;on ami msts . connsction vitb
tba vino ;u.t oommsneei on ths pres.
ont laval A .oon 40 thot n dome nv.
s,vtnino will ba In GOOD condition 10
commence The extraction Of The orc and
opening up tho mine In good shape.
Sheiiar.rssssi.
Daily yield, co tons OF ore, tho assay
Value OF which In ISL per ton. This
- 4. .xt~s.t.d sntiyalv fron Aha nld /