Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-09-30

The temporary stock market. SO Ia
speak. which has been kept running b,
tho California Board, during the sus'
pension Of the two principal Boards and
the regular stock market, has served "a
keep some sort OF idea Of stocks in PEG.
PIES heads. Indeed. without II, M de-
finite prices could have been held or un.
derstsod TO exist in stocks at all. The
Little Board has served q very good
purpose. 1t is pleasing to know that
before our next weekly mining summary
tho wheels Of the mining. financial and
stock situation will be free to rcvolve
n more. ~uncloeeed and unimpeded.
Tho California Bank. the suspension
Of which has caused all the recent trou-
bic, will reopen for business next Sat
urlay on u sounder AMI better basis than
ever. Tho new bank. tho Bank Of Ne
vada. will mmen business next
Monday with n cash capital Of 5000
900. AMI ON Tuesday both the regular
Stock Boards will also resume business
AZ before the great financial disaster.
How the stock market will reopen. 10 Of
course a question Of much interest TO
everybody. Tho probability is, how
ever. that il will open stiff and lively.
judging from present indications, not
only in tho temporary market.
but from tho very excellent
and encouraging Developments in tho
mines themselves. The great bonanza
at the north end is simply an increased
AMI increasing wilderness Of rich
orc. bidding fair to prove II.
self practically ~inexhaustible. Better
ore. AMI moro Of 1t than hereto
fore found. is now exposed In tho Ophir.
and with the new and improved hosting
facilities. this is now about to 10 made
available. More men are put to work.
and the ore yield Of the mine is to be
increased TO three hundred tons
ror day. commencing tomorrow.
Tho Pacific and Kelsey mills arc to start
crushing this ore tomorrow. The
southern portion OF the great lode is de-
cidedly looking up. Saying nothing Of
the very encouraging Developments in
tho Justice and tho good prospects OF
the Lady Washington, the Imperial has
once more become u ballion.prcducing
mine. Tho ore body developed in ii
Is showing better and better
AMI yields we'll under the stamps.
Moro mills will be run upon this ore
~ fast rs the facilities for extraction
can DO increased. Tho prospects OF
both the mining ami the stock situation
are certainly very cheering. and the
good time coming seems to be near
at hand.
Below wo 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 mine to-day, M to
the time Of going to press:
Consolidated v~irEinia-
Daily yield. eco tons Of orc. The ore
breasts are looking splendidly through
out the entire mine. the ventilation
first class, and everything working TO a.
near perfection az IL il possible for IL TO
do in such extensive operations. The
bullion yield for the present month will
reach between 81, 200. 900 and $780,
600, which needs no comment. M the
amount speaks for itself. The upraise
in the ore body over cross-cut No. 2 on
the iiOO-foot level has been connected
with the f3OO-foot level. and proves the
ore body In the southeast portion OF the
mine to be much better than was ex-
pscted. The new pump at the Z. X U.
shaft was started up Last Monday and
works splsndidly. Sinking tho shaft
has been resumed. The new building
Is covered in and will now soon 10 COM
pleted.
Overman.
The prospecting drifts on tho 9oo-foot
level arc steadily advancing without
change Of interest to report. Tho south
drift from the bottom Of tho winze ON
the liO0-foot level 10 steadily pushed
ahead without change Of value to record.
More Of n delay has been experienced In
getting the new spur wheel from the
foundry than WAS ut first expected. ow-
ing to q lack OF a sufficient quantity OF
metal from which to manufacture II.
Tho wheel is now ON the way from San
Francisco. and everything will soon be
again in good running order. The wa
ter IL rising but very little in the shaft,
showing conclusively that the strong
head recently encountered has been sx-
lausted, so that no great trouble from
that quarter ncod again DO expected.
sierra Nevada.
Sinking tho new shaft goes steadily
forward at q fair rate Of progress. Tho
rock in the bottom is q little hard but
blasts out we'll. The main west drift Is
being rapidly advanced toward the ore
vein by aid Of the new drills. Tho
drills are OF the English tIngersoD pat
ent. being the only drills OF that make
ON the lode, and are being closely