Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-01-27

Variable Mhrket -une htutts tn the
FIELD With the Bears in n Csraer
Rally Tag for Ansther Raid -llsw
ThInys lsSL To Day az b Up
Der and Lever Levels All Along
she n, oad ~Cosssssek Range.
As most anybody might have predict
ed, the sudden break in stocks . week
age could not and did not amount to a
serious disaster or anything like q panic.
Prices dropped some and rallied. and
they are very liable to drop and rally
some more for awhile. n for instance.
the market is rather soft to-day. but 1t
will probably be sitter tomorrow or
next day. 1t is essentially a brokers'
market, good for commissions and in
terest. and but little more. generally
speaking. although some stocks-Ovsr-
man for instanes-havs done some
what better. giving margin for
speculative profits. Mining develop
ment goes steadily ahead all alon. the
Com stock range. The great bonanza at
tn Q north end shows richer and o
extensive. and valuable Developments
are being made in the Imperial. Bullion.
Yellow Jacket, Belchsr. Ovcrman and
other mines Of tho south eni. Through
out the great. broad mineral belt. new
prospecting mines arc being started into
operation daily. regardless OF tho pres'
cut severely adverse state OF the
weather. and when Spring and the
regular mining season fairly opens,
an era OF prosperity will be inaugurated
never before seen in the history OF old
washoe.
Below we give our regular weekly
summary Of the latest and most correct
mining information. derived from Of
fetal anil authentic sources, showing
the s~ituation OF each mine to-day up to
the time o DIGGING to press:
s~ulitxnu.
During the week the cross.cut east
from the south drift has passed through
ten feet Of the soft white porphyry and
elay material peculiar TO the ledge lorna.
ton developed at this point. and the
face il now i'm n harder streak Of porphy-
~. No sign OF the east wall is met with
or expected ut present. A streak OF
quartz and clay. some two feet wide.
WAS passed through a day OF Two since
next 70 hn,a poapay,! wS;sh .,o,ls
nr. 81 n rsry nromisipa character. cali.
ing for good assays. Judging from the
general stratiiied formation at the prs'-
ent level, the width OF the vein assure
will prove much wider than IL figured
upon. and importan, Developments nj q
gr, alter depth may be looked for.
x.,,,..-
r...., ~, :, A.. oooo. Zoo,
luz
level OF tho imPc'''' sh''' " h''A'ns
the usual good progress. tho lace In
softer easier running ground inter.
spersed with streaks and sirnger OF
"'e'y iooaAs iu - I,aJ;s
W .y."n"n. All, ,o,,or;n. ,bs
ives, wall OF the ore vein. The uprais.
to connec with the bottom OF the main
incline Is ascending al me ra's OF . zee.
per day SINKING incline 70 connee'
WIN 'his raiss snian'ns s'ou p.o
me- i"' 'e'"s "o ~
Per my
California;.
Sinking the G. & c. shaft is making
.i,,dv anil favorable, procr,ss. the bot.
49,. ,.orn, 7, !. nov
n.,eSo Ts'"o.,n lin On an.
la 100, ,sv.l il s,s,JiIy aIvancins. the
facs ,,ilI in ore OF A very rich quality.
This drift will connect to-day with the
bottom OF the WINE being sunk below
.,oSsa 70. " nj - IT,, al
y Iooo-'oos e'v -. IT,
'hs piosPee''ns .n' % ~ AZ,
tue mine ~ ~. -. ,.;n.
can DC Au".u Is, an,.i;,;nn
was never oeio'. ~
'o' "
Yellow Jaekes.
There IL no change to chronicle OF any
the prospecting drifts ON the l7l0-
foot level. The main drift north. from
bot,om of the north Wine on the
i9io.ioot level. is steadily advancing.