Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-03-04
MINING SUMMARY.

II
Ser tie Week k.diss March Z, 1873.
Latest Official Mining News
An AienE the Line-Ths Comstsek-
The Bsnausa and Prsspsets for
Other Bouansas-Pressnt Devet-
spusas and FIXTURE Oatiosk.
A slight revival in stocks has been APP
parent during the last few days, assisted
perhaps by the near approach OF ''divi.
dsnd day." This desirable period Is
now altogether concentrated In tho
Consolidated Virginia Company. whose
receipts for the month amounting yes
tsrday to s9s3. $50 II. together with
what is figured upon as yet 70 come In
from milling returns, indisputably as
sures the payment Of the promised %
per share on the new stock, equal to $40
per share on the old. Tho develop
msnts in Consolidated Virginia, Cali
fornia and ophir show continued inn
provement. Tho deep explorations Of
tho Chollar- Potosi, Hale and Norcross
and Savage bid fair to develop valuable
ore deposits at any time. Tho
Imperial, Crown Point and Bslcher
are neither Of them showing very en-
c~ourasinely at the present time. but very
efficient work is being done in each.
which will eventually bring it, reward.
The Justice. under excellent manage
ment, il fast working toward import.
ant Developments, the woodville ore
body shows better and better,
and the general mining outlook, all
along the line is cheering notwithstand-
ing tho present depression OF
the stock market. Whether there Is
to be a "Spring rise" or not, in
stocks no ono can tell at present. Per.
haps stocks may 90 a littlo lower first.
Some are q little too high now, while
others certainly are too low. For per-
mansnt investment, the bonanza stocks
evidently have the advantage, yet for
general specuiauoh' o'ner s'osA'' ="
along the limo, find favor.
R.,,v we y;ve our regular summary
-, s.,;.h,. r,,r,,,
" INV ia'es' anu
information obtainablo;
Caledonia.
n repsirs IN the shaft and machinery
-. -, ..uri.,.5 rrsr.,,,orx IN
nav WV ' ,-
commencing tho sinking VI 'no !"
| cline in good earnest. A rood has been
SURVEYED from the railroad to the site Of
| tho intended new shaft Of the company.
This shaft will be located at tho west
| sile of Gold CANYON, nearly on a north
and south line with the new Overman
shaft, about loo feet out Of u and
neau.y s'vvo M IT,. uad;no To- the
site has already been commenced. and
this most Of the machinery Is already
manufactured at the %foundrios In San
Francisco. ready for shipment ihese
works Will be furnished WIN hoisuhg
AMI pumping machinery OF tho most
powerful and approved description, ca
pable Of sinking the shaft to the depth
Of 1000 feet or more. Tho shalt will
10 complete in all its appointments. and
il calculated TO cut the ledge at q depth
VI $500 feet from tho surface. The
erection OF the new works will DO under
tho supervision OF the present super
intent, Mr.. John Lambert, than whom
there are few more efficient mining su'
perintendents in the State. Mr. Lam
bert su~perintendsd the erection o the
Sierra Nevada new WORKS, one OF .ho
finest and most powerful WORKS on inc
Constock. and with his past experience
will no doubt he able to do oven better
In tho erection OF the Caledonia new
works.
ophir.
Daily Weld. 100 tons of orc. The ore
80. =, hot, ,ho ,oo and
s'oPo' "nN
liCo-foot levels are looking wen anu
Welding the usual amour, o, gooa or.
ins , rn,S tao, i.ssis ara making fs,orn.
lila nrosress' The faco Of both in very
encouraging vein material. Opening the
1900 and lGOO-foot stations, in the main
shaft, Is also making good headwsy.
| The north Wine Is down to the y
foot level the entire distance In splendid
ore. At that point the sinking has been
discontinued pending the putting y OF
station sots ut both The looo n "
foot levels, preparatory to starting Units
west at those points to connect with cor.
responding drifts from the 500 and
IG0O.foot stations in the shaft. These
drifts AFRO very important workings, az
they will in a great measure determine
the width and character OF the ore body
at those points, aud perhaps set ut rest
all doubt or cavil in regard to the eItent
Of the paying body OF ore IN q down.
ward direction. Tho orc a~eveiopmenus
m,eauy maae $3.50, ~, -
"ckno~tsuss. ~ YPa a., ,,asna,
,h,n ths Wine snuk below The I55O.foot
/