Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-05-13
MINING SUMMARY.
Yer d. Week E.Ii.s Ma, Is, iss'
Latest ORcial Mining News

- .Ua# ..Has nIH.
Latest Oficial Mining News
The sssek Market and what shs
Minsrs Have % say Absus TIA
Tumble In stocks, bat nss In she
Nlnss-re-Dayts News IRON all
she Miner --latest and Most r.
liable.
Among The most futile things In the
world il that Of trying 10 account for .
general and continued depression In
stocks like what exists at the present
time. II IL much easier TO tell the
causes Of q grand break, ora sudden and
extensive rise. II il an evident fact.
however. at tho present time. that the
stock market is sick. and that II may 30
even aicker before the end Of this
month. Is by no means improbable.
The stocks OF the BONANZA mines are
selling considerably within tho figures
Of their true values, ophir especially.
The total ,isld Of the Consolidated Viz.
ginia mine. for the last fiscal month.
footed up to 81. sos. 900. and the regular
monthly dividend Of SO per share. az
gregating 81. $50 600. disbursed day be-
fore yesterday, being subtracted. leaves
1920, 900 for current expenses, etc. This
does not allow Of any very large amount
being carried ever to tho reserve fund.
Whatever may be the interest or the ma
ture Of the combination. or influence
which has so severely depressed Ophir
stock, we leave for wiser heads 10 solve.
bat the actual orc developments OF the
mine show a far greater value
than is indicated in tho regu-
lar stock quotations. Tho vital
aud most influential point played upon
IL the Wine below the lG0O-foot level.
This, Us VIC stated in u last weeks
report, had run perpsndicularly through
tho ore 10 the west wall, owing 70 the
regular sasterly dip Of tho lodge; but
since then 1t has been following the
ledge itself in the form Of an incline,
and the bottom Of this incline was this
morning in ors assaying over $500 to
the ton. This would indicate that the
orc vein is all right, or will DO found 80
when properly developed. But Ophir
10 the leading stock Of tho list. being
the most manipulated and tho most
sensitive.
Below We give our regular weekly
summary Of tho latest and most correct
mining information. derived from off,
cial and authentic sources. showing the
situation Of each mine to-day. up to tho
time Of going to press;
California.
The several cross-cuts on the 1900
foot level with the exception Of Nos. l
and 2 arc being steadily advanced with
no particular change to report, with the
exception that the face Of No. 8 Is in ore
equally Us rich rs any found in tho
cross cuts nearer the Consolidated vir-
ginis line. The winIe from the 400
loot Lowell has made the connection with
tho upraise from the l500-foot level,
thus securing tho ventilation Of tho
l4OO-foot level. and greatly bsneitting
the air circulation on the l500-foot level.
The south drift on the l400-foot level
from this Wine has also connected with
the joint east cross-cut on the l40O-foot
level, greatly aiding tho ventilation OF
that portion OF the mine. and assisting
in the development Of the l400-foot
level. The orc developments on the
l4OO.foot level are Of q much better
character than was expected, and the
Developments already made. place the
California in point OF future bullion
production, side by side with It's twin
sistsr, tho Consolidated Virginia.
sinking tho q. and c. shaft is making
rapid progress. the rock in tho bottom
blasting out finely. Tho foundations
for the new powerful machinery arc
rapidly approaching completion. Tho
erection Of the new hosting and pump
ing machinery will DO pushed TO COM
pletion as rapidly ~ II Ia possible for
such work to DO accomplished.
ophir.
Daily yield, 100 tons Of ore, which Is
mostly extracted from the l4c5-foot
level. Tho ore slopes and brsasss.aro
all yielding we'll. and look promising for
tho future. The northeast vinze, 100
feet north Of the north Wine ON the
l4G5-foot level, u down 100 feet. the
bottom still in excellent orc. The winze
below the l6OO-foot level. after striking
tho west wall, was inclined with the dip
Of tho ore vein, which ut this point has
an inclination Of 40 degrees TO the east
and north, and Is still being pushed
downward with all the energy possible.
the bottom still In rich ore. Assays
from the bottom Of this Wine this morn
ing exceeded $500 per ton. Tho east
drift from tho main shaft, on both the
1900 and 1C00.foot levels are being
pushed quite vigorously ahead, tho
face Of both showing n favorable change
in the character Of the material pene-
tnted. with strong indications Of soon
reaching the main ledge. On the l70O-
foot level, cross-cuts No. 2 and 3 have
again been started up. These cross.
cuts are 100 feet apart, cross-cut No. Y
being 100 feet north Of the south line.
The erection Of the new machinery is
making steady progress. Three mills
arc now kept steadily crushing orc from
the mine. and the prospects have not
been brighter for mouths past than ut
the present time.
Consolidated virginia.
Daily yield. $50 tons Of ore. keeping
the mills all steadily running. The
breakage Of a spur wheel Of the hosting
engines interrupted the extraction OF orc
from the mino for q couple Of days dur
ing the week. but did not interfere In
the least with the running Of tho mills,
there being an abundance Of ore in tho
dumps to keep all going. The damage
WIS repaired In n couple OF days, and