Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-04-01

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Latest Official Mining News
CsatinuAsisn Of the Stock revival
-ssiil Further Improvensnt All
AlesE the Csassoek Range Lat
est News froo she Lower Levels
-ChssrinE outlook Ssr the xu.
tnrs.
Renewed confidence. and Q conss-
qusnt disposition 70 invest. combined
with an easier money market and gen.
eral improvement in the mines, induces
. continued state Of health in the stock
market. Some stocks are o little of
from yesterdays prices. yet the general
tone Of tho market is encouraging. and
by no mean soft. The near approach
to dividend day may also have q little to
do with this gratifying state Of affairs.
Per %contra, We have continued reports
Of tho high rates Of gold In the East, yet
that seems. after all. TO have compare
lively little effect in this section. The
San Francisco Ala Of yesterday says:
Tho gold market to-day, In New York.
seemed TO DO violently agitated. II
opened ut 1871, and speedily fell TO 10,
showing rapid fuctuatioes. The for
sign exchange market also broke down
to 4.7SH@l.s2H. The inside figure
equals 1917. old form Of quotation.
aud admits Of q very fair profit
ON the importation Of gold from
London. This violent furry In
New York seems to point to a speedy
end Of tho gold speculation for the pres
ent. Tho effect Of ii upon this market
has been severe. but 1t already passing
away.
The mines Of the great bonanza show
continued improvement as further do
veloped, and all along the line new and
better Developments are reported. ss-
p%ecially in the Gold Hill section. as, for
instance, in the Bullion. Yellow Jacket,
Crown Point. Bslcher and Justice. The
yield Of tho Consolidated Virginia for
tho current month will DO greater than
the last, and it will pay its dividend Of
$40 per share ut the regular time. Tho
limit Of its bullion production is only
regulated by the facilities for extraction
and milling.
Below W give our regular weekly
summary Of the latest and most correct
mining information obtainablo:
C~aiisersis.
Tho faeo OF the north drift to connect
cross-cuts No. I and 2 on the l5O0.fo
level is still in rich orc. Cross.cut No.
3 east Is also running In orc Of the finest
possible character. Cross-cut No. 1 on
this level Is making good Roadway. the
face in good milling ore. Another cross.
cut, No. 8, has been started 200 feet
south OF the ophir line. The large air
gallery on the 1500.foot level. 10 feet
In width by II feet In hight. Is steadily
approaching tho Ophir line, having
about lis feet yet to run to complete the
connection. Sinking the WINE from
the 400 TO connect with the l500-foot
levels is making good progress, the bot.
tom still in lne ore. The face OF the
east cross-cuts ON both the 400 and
l5O0-foot levels ore still in ledge mate
rial Of q favorable character. Sinking
the G. 4 G. shaft is making rapid pro.
gress. Repairing and rctimbering the
main north drift on the l55O.foot level
is about completed.
Lady washinEtsa.
Tho shaft was q little over 400 feet
| docp nj tho dato of our last report-last
r..-.a., TIL. ho,,on go. IT, a,
'
Ieago matter anu cIsy. oh Ir'uhy 'ne
miners ~suuuehiy cut 'n.ousn or ,n11
wnat u suPPosou 70 20 INC Vas. raiol
Tue edse, ehcouh'enng suen heavy
now Oh wa'e, Una. 'he n.h hAu W se'
ou. OF 'he,e' naii.. my ma.ei roso
IN ths snhi' iaP."iy, anu aI,nouHn n mn
oesh 'aAoh ou' WV nv 1890
sni uh, ~ ,oo Sa", T. H. sh.~ NV
sns' 49, G.. ,han az .u.
~. ~. h.an .s;nia. lug
snd ~. wn,,r 10 sraJrslix ios.ra IN
the shaft. Like similar bodies or peck
cts Of water found in the ledge, Il will
doubtless become drained on. IN due
Siasi .. MA app nnsn ~ n : ,s, S' sa,o,ahIo
;nt;c,,;on
op"'r'
The Franc Of tho new building Tor the
incline machinery IL nearly completed,
and l,yinc tho foundations for the
,.;.,;,r -on,;,. w;u ho ,,shoJ m com.
n,",Ian tps. y. a. - ,ho .o,L
I'M ns,m;, The ora hrsosts nm tbc
liz, To- I"v., ars ali iootino we'll and
,;s,J;ns ,hs usns, amount n ore. Daily
y;siJ iso IONS n orc. SINKING M
.n,,ho.s, vim. an the ,aeS.,oot laval
i mah;no COOL bsoJw.v. tbs bottom
ill In orc Tn t.cc nj lbs nortbeast
,lriit nj The ieoO.foot station. In the
north Wine, Is still in fine orc. Cross
cutting on tho l7O0-foot level In still
vigorously prosecuted with some favora-