Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-10-07
LOCAL MINING SUMMARY.
For tn. Week E.aiss Oct. 10. 1879.
Latest Official Mining News
rae Hanks aud Eteek Boards all
Ruaulng Again Everythfng
Lovely, bus nst very Excitiag-
The stock Market and the Mines,

rae Hanks and 6tock Boards all
Running Again Everything
Lovely, bus net very Exciting-
The stock Market and the Mines,
In accordance with previous an
nouncement. the California Bank re-
opened and resumed business last Satur-
day. and is now doing business as be-
fore, but on q firmer. better basis than
ever. The Nevada Bank was ushered
into full working existence on Mon
lay. with a paii.up capital Of s5.OOo.-
900. and both the Legitimate Stock
Boards ut San Francisco resumed
thoir daily sessions and regular business.
The market opened quite lively with
advanced pricesthe arstday. but has been
u 'little of" since. A slight pressure
Of stock for sale by persons COM
PEELED to realize or forced settle
msnts in that respect, doubtless had
considerable to do with 1t, but DO that
as 1t may. 1t was nothing moro than
could DO expected. No very lively mar
ket need DO looked for under about q
mon ia. Meanwhile. the condition OF
the mines justifss prices being squarely
sustained.
Below we give our regular weekly
summary OF tho latest and most correct
mining information. derived from Of
fetal and authentic sources, showing
the situation Of each mino to-day, mp to
tho time OF going to press:
California.
The main north drift on tho 155O-foot
level is again advancing toward tho
Ophir line. tho faco in rich orc. The
bottom Of the winze below cross-cut No.
3, on the l550-foo level is down % feet,
the bottom still in rich ore. There In q
considerable How Of water ut the bot
tom Of this Wine. which makes tho
sinking quito slow and troublesome.
Prospecting the l5OO.foot level is almost
completed. II We except tho timbering
and onlarging Of some OF the drifts.
Tho main north drift on the liO0-foot
level IL steadily advancing. and is nov
within 10 feet Of the Ophir line. the
faco In low grade ore and quartz.
Raises are being made ON the ore body
above the l300-foot level for the pur-
pose OF ascertaining tho character and
lay Of tho ledge In that portion Of the
mine. Sinking tho q. Il z. shaft is
making good progress. The new pump
works to tho utmost perfection, and is
an immense AMI undoubted improve.
ment over the old style Of pump. The
battery mill Is fast approaching compile
ton. the boilers all being in place and
the smoke stacks now being raised. Tho
amalgamating mill is also nearly
ready to start up.
Consolidated virginis.
Daily yield GOO tons OF ore. The ore
breasts are looking splendid. and there
seems no lct-up in either tho richness or
the immense quantity Of tho yield. Tho
yield for the past month will foot up
about Si.sl2. 0O0-a pretty good show
in: for one mine, which Is made 10 much
better by tho well known fact that the
yield could have been easily increased
to two millions dollars IL the manage
ment 10 desired. There Is no prospect
ing done in tho mine ut present but there
has already been winzes sufficient sunk
below tho l550.foot level to prove tho
continuance Of the bonanza. 100 feet
below tho i55O.foot lcvol. and how much
farther none can yet determine. Two
new mills, the Morgan and the Drums
wick. have been purchased and added
To tho crushing capacity Of tho Pacific
Mill Company which, rs soon ~ the
weather eoois and the water rises in the
river. will add greatly to the. yield OF the
,hihe' orr tue company no no' WIS. 70
,hsir m;n. n' ,an ,h.n hs nsSJ IN reduce
the rich ores Of tho California.
Sullivan.
The shaft is now q little over 30 fost
a.., Ios, Sunday !. vary upe,pscted.
-
y ran oa' Oh u country 'oeN 'n,o
heavy body Of quartz clay othei
VEN I'a.'eI 'Io w.u'h V, "n'eu '
ys' aseet'aihod, ~ contains very prom
is'ns iee,i.rs o, quartz rom .Wo 70 Sa
lh.nss Miu wnleh ASA! very wen
Ho'u WIN ,mt propotush " sn't
lhe Nno'o BOTTOM OF tue snai' IN ~
suPer,ntehsen. ns'sey uia NOV eapo', ~
s.s,n' .n,s oa,i.an leuss unus, vo .ve'
-. M. a."r,;.,a. III =, s.;n w.,-
tar as n very encoursvinp and sirnifcant
circumstance. The grading at the sur.
lace for the hosting works buildings.
ess.; p.oS1osses w.. ah ha ,nino ,rom,
.o;,roaJ tor hanl;,c ,imLsrs lumber.
.,c
oSerna"".
Tho new spur wheel to supply the
n,,co NJ thu, broken n week or two since
----L.-,. :, a.. IT,. ,..,o,.,., ,,a
was rece''Va ~ 'ho m'"' 'e'u!' ".'
will DO In Its place aud everything in
complete running order by tomorrow.
The water has been rising slowly in tho
shaft. 80 that II will take but q very
short time to free the shalt from water
Oneration. TlO south drtt OH the JUL