Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-01-06

IhiA the HE 8hsc euh"c~" hos
Ap<eaissisa-rhe Record OF ths
PAST Year and the Ousieok feI
che Future.
The new year opens out finely. as fai
a. stocks are concerned. and the marke,
is lively and full Of pleasumbls promis.
to everybody having stocks to sell
Stocks have advanced heavily over III,
quotations OF a week ago. and tn.
chances are in favor OF a still further
advance. Yet. is this tho big ''Sprinl
%rise." which has been 30 long and
80 confidently promised u.s. wo hardly
think il is. but that this nice little spur
is simply a forerunner Of a still greater
rise which must come before the LIST oI
April. Tho production OF our mines,
especially at ths north end Of the lode
during the past year is simply mar
%velous; yet it will DO altogether
eclipsed by the product OF tho pros
snt - the Centennial year. Accord.
ing to the annual statement OF divi'
dends ON tho Pacific coast during the
past year from banking. express. insur'
ance. gas, coal aLd other causes, Gold
| Hill and the Comstock lode has not suf'
| fcred by any means. Those dividends.
rs Published, amount to SaG, 7s5. 200.
| out Of which the mines yielded $40. $780,
COO. a very fair and encourage
ing exhibit for the land Of washoe.
Yet the present new year il far more
suspicious than its predecessor. We
need not tell Of tho huge quantities oil
orc being taken from the Consolidated
Virginia and that there are fully $780,
0O0. 900 in sight. This looks too mar
vsllous. yet is absolutely true. and the
real bullion production will show for IT,
self. Belchsr commences paying divi'
donds again. Stocks are up and lively
to-day. and tho market looks healthy.
The new year commences very aus.
piciously.
Below We give our regular weekly
summary Of the latest and most correct
mining information. derived from Of
fetal aud authentic sources. showing
the situation OF each mino to-day up tC
tho time Of coins to press:
.suiiiSan.
Tho station nj the adit level. beneath
the bottom OF tho shalt being completed,
a drift il now being run south from IL,
following q very eligible streak in the
ledge matter. As several small veins o.
pay ore were passed through by the tun'
| mel, il is expected that this south drift
will devolops a good body Of ore some'
where at this level. The prospects fol
| finding q bonanza were never better II
any mine on tho Comstock than in this.
| After running about 800 feet south. fol
lowing tho vein. cross-cuts both east
and west will be made, exploring the
49,. from wall In wall g. $50 feet,
Meanwhile. the main working shaft will
DO completed down to its connection
with the tunnel. and when the proper
steam hosting works are placed In
position at the surface. sinking the shaft
deeper for a new level Will DO Inaugural
ted. Tho surface grading Tor the ma
chinery Is completed.
Kss.uth.
ri. ,.;,.. cno t.., so,,h NJ ,hs main
ooo
shat Is DOWN ioo 'ee' oeio" 'u' ~
foot level. the bottom having struck
q aow Of water 70 strong as to stop and
prevent a continuance Of the work until
the water is drained by the main south
init on he JoO-ioot level. u ln"n
south Unit On nv ~ 49, ~ har'i
Witt. oua,,z. When the connection be-
tween this drift and the south winze Is
completed. the company will have GOO
feet Of ledge on the 350.foot level ready
10 crosscut and open up. The main
west drift on the 5OO-foot level is now
in n distance OF % feet, and will have
about 20 feet more TO run to reach the
..., w.ll AZ tha l.l., Tbs pumns con.