Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-11-11
LOCAL MINING SUMMARY.
For ,he week EndinE Nsv. u. 1879.
Latest Omclal Mining News

Latest Official Mining News
EysrythinE Assuming = More I'm.
eeuragiuE Look-Thc Destroyed
Works Fast Dsiag Restored
Plenty OF Coin 60 do %, and Their
Erectisn Pressed oa Every Hand
-Evsrything Runninx as Bsfore
the Fire BY the lsi or January
Next.
The effect Of the destruction OF the
bonanza hosting works and the sudden
stopping Of tho supplies Of rich ore
from the Consolidated Virginia and
Ophir mines. Is still to be seen and felt
In the general depression and weakness
Of the stock market. Aside from that.
matters along the entire line OF the coin-
stock are assuming q o favorable
aspect than for some time past. No
thing tina. can add 10 or aid in amy
way the speedy restoration oil tho
hoisting works OF the Consolidated Viz
ginia or Ophir mines, Is being lett I'M
done. The OF almost the en-
tire Pacific coast havo been called into
requisition to aid In their erection; and
all that money. aided by direction OF
the best engineering minds Of the
country can do to forward the
matter in any respect. is being done.
Tho Consolidated Virginia mine
yielded for the month Of October. not.
w~ithstanding her terrible disaster. ST..
500, 900 and declared her usual dividend
Of $40 per share agsr.gating si,oso, 600;
still leaving a largo surplus In tho
treasury to apply to immediate wants, or
carry over to next month. The yield
OF the Ophir for the month Of
October amounted to $3.50, 900 with
y surplus Of ore to keep one mill yet
running for at least . month TO come.
Add to the production Of these two
mines slOO. 900 Of insurance on the two
mines. and We have q production for tho
past month Of s2.45O.O 900 with which
to pay expenses and to repair the de-
stroyed works. This Is not at all n
discounging showing. and the su.
perintsndents OF both mines feel
perfectly confident that everything will
be In the most complete running order
by the LIST day OF January next. in adj
dition. the increase Of water In the
Carson River Is again starting the mills
in that section into full operation, oil Of
which can DO run on the low grade ores
Of the Crown Point and Belchsr mines
until tho extraction Of the bonanza ores
can be commenced.
Below We give u regular weekly
summary Of the latest and most correct
mining Information, derived from Of
fetal and authentic sources, showing
the situation Of each mine to-day, up to
the time Of going to press:
Consolidated virgiuia.
Crowds Of workmsn fill every avail-
able part OF the surface grounds in and
about the shaft; Carpenters and mill
wrights framing timbers Of every de-
scription; stone masons and bricklayers
preparing foundations for tho machin-
cry; machinists. foundrymcn and en-
ginecrs. repairing aud replacing portions
Of the despoilsd machinery, and gangs
OF laborers assisting ut the different
kinds OF work. and stacking up hugh
piles OF square tinbsrs for future use.
Everything is being done that Is possi-
bic to replace the machinery aud hoist
ing works nj the earliest hour that II
can be done. Timber and lumber In
arriving by the car load, daily. The
foundation timbers for the hoisting ON
giues arc being placed In position. and
the north hosting engine Is already on
its bod. Thu few timbers injured ut the
mouth Of the shaft have been replaced.
and tho foundation sills OF the main
hosting works building are being laid.
Every portion Of the immense work IL
getting well under way, 2 !, NO un.
s ss.n .n,;,a ms,ss viii Nam in full opera.
lion and extracting the regular quota OF
COO tons OF ore daily. inside OF W usys
tune. Inc MIN Is IN 81 s1o oiaco ths eon.
iscras;on ANAL amount Of ore Is
,till being hoistsd through the Gould &
Curry shaft. but beyond THIS, nothing
In me way Q. s.S The boistins
~ort. IN. usual dividend Of $40 per
share was declared on the 7th. aggresa-
ting 81 $50 900. sinking the Y. anu ".
shaft Is making splendid progress, oo'n
the hosting and pumping macninery
proving all that was eipeosed' anu JUS.
what 10 needed In tho prosecution OF
such works. The SHAFT Is uosh IVo
feet. The stream Of water which,, pre-
vious to the fire, had Hooded the lower
portions Of the mine, has exhausted "
self TO four or i've inches, AMI IN q very
short time the mine will DO again per-
fcctly dry.