Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-12-02

Permansus Onef = Dividen,
Prsspeets-ProEress OF Develop
meat. and Prsspeess 0sneraliy
all Along the Lins-The Outlsei
for the Future.
The state Of the stock market at tn
present time is certainly rather crafty
ing and encouraging, Is showing aus
tanned confidence in the real merits o
the mining situation. The advance
thus far has been by millions, and oil
though by many considered premature
yet is fully justified by the ore develop
ments in the mines themselves. an,
tho near approach Of the tint
when the ore and bullion pro
duction will be fully rs grea'
As before the great confiagration calam'
ity at Virginia. The restoration OF thos'
mining works destroyed has been pushed
forward with a degree Of energy almost
unprecedented. battling against the ele'
ments and various adverse circum'
stances. The hosting works Of the
Ophir are already partially in operation
and when the Consolidated Virgins
works start up. which will DO in 4 very
few days. IL will be for full and
regular work. square. practical mining
business. Considering the total des'
truction Of the hosting works Of that
mine. and the very limited facilities for
ore extraction through the Gould x
Curry shaft since then. the payment Of
u dividend last month vas hardly TO be
expected. yet the regular dividend Of
$40 per share was paid, and now contrary
to the predictions Of the bears and against
the just expectations Of most every
body. 1t Is confidently stated that the
Consolidated will pay her regular
monthly dividend again this month.
This shows most excellent manage.
msnt and high financial ability. backed
up by n very healthy treasury. Whether
the present is anything moro than a
''broksrs Market" remains 10 be seen,
but the indications are very favorable
now for q continuation Of good prices
although a decline may temporarily Sol
in. to be followed by q still greater rise
by and BY. The knowing ones predict
q big market in the early Spring-a
genuine and heavy "Spring RISE
Both the Imperial and the Justice show
continued improvement in their rich
ore developments. aud with the starting
up Of the restored hoisting works OF
tho bonanza mines, aud the anticipated
good developments at the lower levels
Of the Savage. Yellow Jacket and other
mines, the outlook for the future is
very flattsring indeed.
Below VIC give our regular weekly
summary Of tho latest and most correct
mining information. derived from Of
ficial and authentic sources. showing
the situation Of each mino to-day. up TO
the time Of going to press:
suiiiSnn.
Tunnel in $50 feet to-day. and only
about 80 feet further to so In order to
connect with the shaft. The last $50
feet has been entirely in the very PROM
ising vein matter heretofore mentioned.
and the shaft. having developed % feet
OF the same. shows II to be- about 200
feet in width between the walls. both OF
which arc we'll defined. This Is no
doubt q true assure. and when a proper
depth is attained. good pay ore and
plenty Of Ii will be found. Some streaks
aud punches OF ore have been met with
the past week. assaying As high az $40
to the ton. Grading at the surface for
the hoisting works goes ahead energet-
ieally.
Lady Bryaa.
The shaft Is down $50 feet, at which
point the sinking has besa stopped for
q few days. pending the putting in OF q
pump and bob at the 5O0.foot station.
As soon as the pump Is finished. sink
ing the shaft will bs resumed. Driving
the cross-cut from the main south drift
ON the l70.foot level is making good
headway. II il now in Is feet. The
winzo below the 250.foot level Is being
driven downward at tho rate OF three
feet per day. Nothing new to report OF
the north or south drifts and east and
wsst cross-cuts ON tho 3S0-foot level.
Good headway Is being made at all
points.
Crown Point.
Daily yield. 425 tons Of ore. The ore
Slopes arc looking well and continue
to afford n supply Of orc sufficient to
keep the mills steadily running up to
their fall working capacity. A Wine is
being sunk below the i5O0-foot level,
which Is o down 90 feet, the bottom
In ore Of q fair quality. A drift south
ON the lG00.foot level is being run to
reach q point under this winzs where an
up raise will DO started TO meet II for
ventilation purposes. No new Develop
ments to report Of the prospecting OPP
erations on tho l700.foot level.
Lady wRshinyton.
Tho bottom OF the shaft Is in some-
what better sinking ground. allowing Of
between az and J feet per day being
made at present. Material principally
ledge porphyry with seams OF quartz and
clay. No increase OF water. and what
does come in Is handled by the pump
with perfect ease. The monster engine.
duplicate Of the u at the q. & G. shaft,
Virginia. operates with the regularity Of
clockwork. smoothly aud almost without
noise. No finer piece Of machinery ia
in existence.
Juiin.
The bob-pit and pump station at the
lGO0.foot level. is finished, and sinking
the shaft resumed. The main SOUTH
west drift, ON the i5O0.foot level. is in
ll9 feet. the face in soft, easy working
material. The main southwest drift,
ON the l400.foot level, Is steadily ad.
vancing. the face in quartz and por-