Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-02-11
LOCAL MINING SUMMARY.
Latest Omcial Mining News

The Continued Depression I'm stocks
Tho Costinucd improvement
In the Mine~-Latsst News frs"l
the Nsrth End Of the Comstseh
and tho Mig Bonansa An I'm
psrtass strike as the South Eud
How Things Lssk To-day al
Alesg h Lins.
Since our last report. the stock mar
kst has revived = little. but IL inclined
to seo-saw up and down. with no strong
rise, or more serious depression. 1t is
liable to continue thus for a few days
until matters become settled, when q
good and healthy rise may DO anticipat-
ell. Ophir still continues to be tho OBJ
jective point Of ursins attack, and NJ
usual exercises, q ruling and controlling
influence over other stocks. Az goes
Ophir so goes the market. Belchsr has
held up firmly against the general tumble
tho mine possessing too much real merit
TO allow Of its stock falling very low.
and ye. not producing enough sur
plus bullion to allow Of dividends. Thus
1t il that both Crown Point and Belcher
have quit paying dividends. Tho Con-
solidaied Virginia. as We stated last
week. pays So per share this month. ON
the old shares. and next month will pay
80 per share on the new shares; equal
to $40 per share ON the old. The present
daily and monthly yield Of the Consoli-
dated Virginia is simply enormous. and
it is still increasing with improvements
in tho hois.ing and milling facilities,
and in q few months the California will
also be yielding large amounts Of bullion
aud paying good dividends. The ophir
is already producing we'll. and promis-
| ing better. and will soon DO in dividend
paying condition. No adequate esti-
mate or conception Of the extent Of tho
great bonanza Gun be arrived at as yet,
but the amount Of ore daily developed
by the advancing drifts, cross-cuts and
wines, shows merely o and
more Of il, with no sign Of definite
boundaries in width, length or depth.
II is merely tho largest and richest body
Of silver and gold ore ever discovered.
1t is COO feet in depth. and probably
several hundred feet deeper. A cores
pondsnt Of tho San Francisco Stock Re.
port, who visited 1t recently. and made
rs thorough an examination Of 1t as any.
body can. thus records his impressions.
He says:
II you can imagine n building oncc
and n half Us long. M broad. aud five
times us high as your enormous Palace
Hotel. then you have an idea Of this vast
ore body already laid bare in this Won
derful mine. Again, II you can conceive
such a building M | describe, sunk 1900
foet beneath the earth's surface, with its
main three-compartment elevator, nay,
shaft. going down lower and lower into
the sarth's bowels. its great 100 feet in.
torval stations. its interesting corridors,
hallways and almost endless apart
ments, supported by ore walls and arti-
fetal wool work, then you have tho very
hes. idea possible 10 conceive Of the
grea, bonanza, whose famc has already
been hcraljod all over the world. Six
hundred feet in depth Of ore is now ex.
posed, and tho assays Of the lG0O-foot
Lowell arc worry high. II IL estimated that
the bonanza will actually extend how
many moro hundred feet deeper ! dare
not state.
A still further development Of the ore
body is reported to be made in the Cali
fornia, as we'll ~ In tho ophir. and the
south end OF the Comstock is also Civ
ing a similar good account Of itself,
there being a new and important strike
Of good ore in the wocdvillc. and the
Bslchsr shows good orc improvement ut
the lowest level.
At present prices tho chances for very
profitable investment in stocks are splcn-
did. yot people do not seem to have re-
covered sufficiently from the recent Ca
lamitous crash. and are therefore slow
and cautious in further investment. As
soon, however. rs n good basis for OPP
e~rations can be found to 10 established.
| confidence will return, and a healthier,
better maj et may be looked for.
Below we give u regular weekly
summary OF tho latest and most correct
information obtainsblo
Ophir.
The mino is lookingly splcndidly
| throughout; all tho orc breasts aud
Slopes from tho 1900 to the li65.foot
levels are looking splendidly and yield.
ING the usual amount OF rich ore. Sink
ing the moth winze ON the liG5-foot
level is making good Roadway, the bot
tom still in ore OF the richest possible
character. A cross-cut has been started
ON the l700-fo foo level to determine the
valuo Of tho orc vein In that portion OF
the mine. The Mexican north drift on
tho l4G5-foot level Is showing improve
ment. Work progressing well at all
points.
Imperial. Empire.
The south Wine. from the ls5O.foot
hyel. is down to the 20oO.foot level.
Driving south along the west wall OF the
ledge, on the aO0O.foot level TO connect
with tho bottom OF the winzo for air
purposes. is making good progress.
Sinking tho main incline Is making ia
vorable Roadway.
million.
Tho north drift. on tho l700.foot lev
Of. is following the wcst wall OF tho
ledge rs heretofore, tho rock In the face
working quite soft. and excellent pro.
gress is being made. Tho face Of the
main south drift on the sO0-foot level ia
looking quito favorable.
Nay tom.
The shaft is down % feet below the
third station level in good sinking
| croupl. Tho faco Of tho main south