Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-04-15
LOCAL MINING SUMMARY.
Ter u. Week kaaiss April 18th, HTS.
Latest Official Mining News

Fer d. Week Eaaiss April 18th, is1s.
Latest Official Mining News
The rrsxre.s OF ne veiepment-Pros
peesing ID all Dtrections-Hsw
she Nising Situation Looks All
AisaE she Censtoek Range To-
Nay.
Tho great gold busbssr In the East
appears TO have subsidized considerably.
yet money matters do not seem TO be so
very much easier in consequence, a.
many predicted or were induced to OK.
pect. Money matters certainly are
custer. yet no general disposition
to invest in mining stocks Is par
t~icularly apparent as yet. What invest
mont in that line is being done, how
ever, ut present, seems to DO more with
q view to p~ermaneney moro than to
speculation, that is 10 say, those who
invest do so with the idea OF profhng
by good future mining Developments,
aud net by a short "turn" or gamble.
As 10 that matter. in the present
condition Of the market, there
Ii Just auctustion enough to allow
| the brokers TO be about the only win-
ners, commissions and interest eating
up all the profits. To-day. however.
the market is a little better, especially
ut the Virginia end, and perhaps this
improvement may DO followed up.
Tho mines are looking well all along tho
line. The yield OF the Consolidated
Virginia for the fiscal month Of April
footed up to 81. 7O7. e25.li. The Cali
fornia looks better and better Ms further
developed. and the same may be said OF
tho Ophir. Mining Developments, how.
over, does not seem to regulate the price
Of stocks, yet a general rise con general
principles" is confidently predicted be.
fore two months are at IN end.
Below wo give regular weekly
summary Of the latest and most correct
mining information obtainable:
Consoiidsssd Virginia.
Daily yield. $50 tons Of ORE. The ore
slopes on tho i5oO-foot arc oil looking
well and yielding tho usual amount Of
rich orc, as are also the slopes on the
HOO and l300-foot levels. The ship
mcn,s and bullion on hand at tho Office
more than equal the yield Of the past
month for tho Same length OF time, the
mills arc all running up TO their full
working capacity. and the prospects Of
tho entire mine never wore moro iatter-
ing than now. Tho q. and G. shaft is
sunk to a depth Of 3GG feet, the bottom
in good working ground. A new nnd
powerful double cylinder donkey engine
Is OH the ground ready to take the place
of the smaller one now In use. Tho
old engine will be used to hoist the dirt
from the deep pits that nre being cxca-
waited for the reception OF the huge stone
foundations for the hosting and pump
ing machinery. The pit for the founda.
ton for the pumping engine is 10 feet in
width by c. feet in length, and will bo
- feet in depth. The pumping engine
viii! have q i0.inch cylinder. n 7-foot
stroke, and u capacity OF 6o0.horse
power. The hosting engines will he
two In number. and will each havo n Gu
paciiy Of 2OO-horss power.
Caiisornin.
Cross-cut No. 2 ON the i500.foot level
is in a distance Of 273 feet, the faeo In
low grade ore. Cross.cut No. > IL in a
distance OF 25l feet, tho face still in rich
orc. Cross.cut No. 1 is in IL? feet. tho
face in low grade ore. Cross.cut No. 0
is in n distance OF 81 feet. the face in
hns ore. The north drift in tho ore
vein il still being rapidly driven ahead
to connect with the cross-cut No. I, the
iace of tho drift still in rich ore. The
main north drift. or enlarged air gallery.
ON this level is being steadily pushed
toward tho Ophir line. No work Is be-
in- done OIL tho l550-foot level Mt pres
ent. Tho joint east drift on the laoo-
foot level is being continued across the
eastern portion OF tho ore vein. Tho
winze ON this level bsing sunk to con.
meet with the l50O-foot level Is down 90
feet, tho bottom still In ore Of q fair
quality. The south drift from sross.cut
| No. 2 10 connect with cross-cut No. 2 on
| the liOO-level has advanced IL feet dur
In. the week, tho face in ore OF q fafs
quality. The joint east drift on the
| i3OO.foot level has been advanced ut tho
rate Of y, feet per day during the week,
the face still in clay quartz and porphyry
mixed.
There is little or no change whatever
in the looks Of tho ore breasts, the daily
yield, or the quantity Of tho orc pro-
duced. to report. The north cross-cut
ut the bottom Of tho north winze on tho
lcOO-foot level is now in a distance OF
100 feet, tho face still in fine ore. Five
east cross-cuts have been started on the
l7OO.foo level. Tho first OF these cross.
cuts Is nearly on tho limo Of the Ophir
ami California; the second l0O feet
further north, and each succeeding
cross.cut 100 feet north OF tho other.
These cross.cuts have been pushed out
- ..I..s.