Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-08-12
LOCAL MINING SUMMARY.
Yer shsi Week E.Ai.s Ass.ss H. tssa
Latest Official Mining News

pseially as shs North End OF she
Csosssek-0sld Hill lselds IHer
Own - Yes-Hsu the nseex uar'
he's Lssks. anf IIsw she Mines
LSsk Ts-Aay.
The lively little upward squirt In
stocks seems 10 have eliminated.
and the market IL evidently on
the down grade at present. This
state Of Affairs, however. appears
to afiics the north end Of the range
principally the stocks Of the Gold Hill
section holding their wi pretty we'll rs
yet. Imperial stock improves under I'M
proved ore developments, and Justice Is
also looking better and promising to turn
out . big mine. There In no detsriora-
ton OF tho yield Of the big BONANZA at
the north end. but on tho contrary. con.
tinued Improvement both In extent
and quality. Tho Consolidated Virginia
disbursed its regular monthly dividend
o: $40 per share yesterday. a~ggregating
81. 0s0. 900. and carrying over = large
surplus TO the next month. The capital
Of the Justice Mining Company
has been increased from 1900 shares
to l05, 600, and tho new stock
will DO ready for delivery on the 10th.
Assessments are not being levied very
plentifully at present, yet the prospect
ing mines are generally being worked
actively. Those which are reported aud
represented to be working. and are not.
are simply wild cat" We propose 10
mako particular mention ofsomo Of these
before long. as q matter Of justice TO the
unposted.
What has caused tho present decline
or reaction In stocks, when 40 many
were looking for q still further and per.
manent rise, Is not so easy to
explain satisfactorily. Money mat
tiers do not seem to be very
stringent. and the disposition 10 invest
seems to be good enough, but there has
also been q very apparent desire ON
the part Of many who have held
stocks long time. to take
advantage Of tho good prices
and realize at a small profit. or even at
= small loss. We have not looked spon
this riso a. . permanent one, or any
thing moro than an advanced and lively
market. Stocks will not Be likely to
rule high the balance Of this
month. but arc moro likely to decline,
but they will not 60 as low rs they did
in Juno. which, as wo predicted, was the
''bcd.roek" month. They will revive
somewhat. the latter end Of this month.
or arst Of next. and the 'big rise" will
come in November. or about Christmas
perhaps. We charge nothing extra
for these representations.
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, mp TO
the time Of going to press:
C~alifsrsia.
On tho li00-foot level the face Of tho
north drift is steadily advancing toward
the Ophir line. lodge and ore developing
far better than has ever been expected.
On the l500-foot level tho lateral drift
in the ore vein. running ~northward from
cross-cut No. 8. IN steadily advancing.
the face still in rich ore. Tho drifts In
the ore vein are also being run from
cross-cut No. G. Ono Of these drifts II
going southwark to connect with the
lateral drift FROM cross.cut No. o, and
the other north 10 comet with the 0phir.
The face Of both drifts are In good ore.
The north drift on the l550-foot level IL
still advancing. the face in the richest
character OF ore. Two cross-cuts have
been started on this level. ono to the
westward to connect with the shaft, and
the other east. TO find the east wall OF
the ledge. Tho orc from all three Of
| the drifts on this level could hardly be
better, milling. as II Is extracted. from
$500 to $3.50 per ton; while. during the
past few days. tho pulp assays from the
mills are even much better. The cree
ton Of tho new mill IL going steadily
forward.
Jalia-
Sinking the main shaft Is making
splendid progress. Ills now down 1850
feet, tho bettom In good working
ground. Two moro Durlsish drills have
boon set to work during tho week. max.
ing four in all, which begins 10 look rs
II tho company meant business. The
neighboring companies will have to hven
up or the Julia will soon be leaving them
far behind. A splendid lathe has also
been erected. which will be q great saw
ing 10 the company In the cost OF re-
pairs, which now have to be done al tho
foundries. The main south drift on the
lOOO-foot level Is nov In q distance oil
liza feet, the face In soft clay, with but
q slight flow OF water. Il Is expected
that when this clay wall Is cut through,
. strong iow Of water will be tapped.
Baisimere and Anseriean Flat.
sinking the main incline below the
s50-foot level Is making splendid pro.
grsss. the ground In the bottom working
finely. The ore bodies on tho 45o-foot