Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-05-25

pssss.
The stock market just at present 10
somewhat Of the fat. stale and unproht-
able order. although considerable trans
actions are daily made. large amounts
changing hands. but at no very rsmu-
n~srativs figures to either buyer or seller,
- . general thing. the brokers get
ting the best Of the bargain most
Of the time. AL along the line
the leading stocks show q considerable
degree OF frmnsss. with somewhat Of an
advancing tendency prscsp,ibls at the
south end. Assessments have just been
levied by the Sierra Nevada and
the Pictou. and the bears have
tried hard to induce . strong
depression in the market BY stating
that assessments were to Be Immediately
levied on the Imperial and the Chollar.
Meanwhile the mining situation 10 look
ing healthy . usual. California e.
cseds her last months production at
this time by 100000. Imperial is yield
ing ore for milling from the new body
developed at the 2OO0-foot level. and in
the Yellow Jacket at the depth Of ~
feet below the track noor Of the east Cross
cut at the l9t0-foot level the bottom Of
the winze has cut into very excellent ore.
showing a continuation downward Of the
nns ore vein already developed at that
level. A spsck Of val 10 visible In the
Justice woodvills Rough and Ready
quarter. but Il ia TO Be hoped that none
Of the valuable mining interests at that
point will suffer seriously in eonss-
quence.
Below wc give our regular weekly
summary OF the latest and most correct
mining information. derived from Of
fcial and authentic sources. showing
the situation Of each mine to-day up TO
the time Of going to press:
sesth Consolidated virgisia.
This 10 an old location. or relocation.
situated ON the north aide Of the deep
ravins at the lower extremity Of Ameri-
can Plat. near the railroad tunnel. A
large amount OF work has been done ON
il heretofore. and q very promising ledge
10 developed which assays well. and In
likely TO turn out pretty valuable.
Charley Coover. u OF the oldest and
best experienced mining and milling
men in this section. 10 Superintendent,
and will bring ont the true merits Of the
mine to the best possible advantage.
Gsuia q Curry.
Repairing the shaft is slowly sdvanc-
ing. the work Of tearing out the old tim.
bers and putting in new being q much
slower task than IL would be to siuk an
entire new shaft the same depth, IL 1t
were possible to 10 30. The preparation
of the foundations for the new pumping
machinery IL going rapidly forward.
Much OF the machinery h already on the
ground aud il rapidly being put together
and prepared for erection and use.
Ysiisw Jacket
Crosseut No. 2. on the loOO-foot level.
is being steadily advanced. the face in
pophyry. A drift north has been started
at q point 225 feet east Of the foot OF the
WINE, 10 connect with crosscut No. =.
The winxs in crosscut No. !. on this
level, Is down "a feet with quartz In the
southwest corner standing quite straight
and carrying good ore. Sinking the
north Wine below the loi0-foot level
has been resumed.
A station Ia being cut ont and q large
tank put in to catch up the dow Of water
ON the 3OO-foot level. Tho pumps will
take the water from the tank aud carry
Il to the surface. Sinking the main
shat. will be resumed as o o m the
water tank 10 completed. The face Of
the main south drift. on the 3O0-foot
level, 10 in vein material. The north
drift. on the anne level. II showing
some excellent ore.
nisI
Sinking the shaft 10 making excellent
progress. Il IL now down 1908 feet, the
bottom having passed through a very
handsome vein OF quartz. several feet
thick, which carries both gold and sill
YER. and looks quite promising. The
entire character Of the formation 10 grab
ualiy changing. the whole Of the mate
rial penetrated assuming . much softer
ani more favorable mineral bearing ap-
psarancs.
Sinking the shaft had 10 b suspended
during the hrst part Of the week on &C
count Of an increase in the How Of
water. The water. however. proved 10
be only . pocket and 10 again rapidly re-
ceiling. The erection OF tho new pow
srful pumping engine and other ma
chinery IL making splendid progress, the
work being pushed with all energy pos
sibls at every point. The shaft IL now
down AZ feet.
Superior.
The dow Of water mentioned in our
last report has become 80 great that 1t
was found necessary 10 suspend tho
sinking until the new machinery. which
has already been ordered and Is now on