Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-02-05


Elect IIeports. Assessments, Ese
The stock market for the week closes
somewhat soft. stocks. especially at tho
north end Of the Comstoek beinea little
OF, aud those Of the south or Gold Hill
portion holding their own only to q lin
ited extent. The chances for higher
prices next week DO not seem good to-
day.
The fisa.eiai situatis.
Is good. Money is plenty. at favorable
rates. aud on easy terms. and tho dispo-
si,ion to accommodate on good mining
securities grows more and more appar-
snt. The San Francisco Stock Report
says: During the last month upwards
Of $1,000. 900 have been unloosed by
tho banks and mining companies in the
form Of interest and dividends; and from
the very manner Of its distribution. be-
ing tolerably generally disseminated. II
has given an impetus to trade which Is
already perceptible. In addition to this
large sums are being constantly received.
both from tho East and Europe, for vari.
Gus investments on this coast. princi-
pally in the bonanza mines. This
source Of supply is rapidly on the in
crease. In view OF these facts. and from
the present outlook. II will he safe to
predict n brisk business and u booming
market in the immediate future, with
plenty OF money to sustain IL"
The fiood in the savage Mine
Is Of considerable magnitude just at
present. the water having mised to above
the l9O0.toot level. flowing through into
the Hale 4 Noreross. 1t is reported to
be still slowly rising. but effective prep.
arations arc being made to cheek and
reduce IL. No permanent damage To the
mine can result FROM 1t, but, on the con-
trary, this sudden tapping of such n
heavy How Of water is, by most mining
men, considered u very favorable cir
cumstance, az indicating that an orc
body or vein has been cut into. Others
whose opinion in these matters
in entitled to special consider.
a.ion, sas oo,ninc from
.uiS s'ions ny ~ IA -. ,sH;ch IA
,ue Nss. r na,, -. 10. hoJ,ss NJ
NnoNn ~ =, go !, from Tho
north drift ut tho 2200.foot level. and
unless checked by NOR efficient pump
na",is Or ou;,. 10 tsa level of M.
Sn,ro funnel Int II will b, checked aud
rsnidlv reduced long before IL can reach
tbat elevation.
INC s"eesr ''r'Ae
of ore was made a lew days ago a''ne
bottom Of tho shaft. GOO feet from the
.,,,... \, 10 wh;,a com.,ock orc. civ.
inc nssays from SEQ to 5000 to tho ton.
Its extent is not ascertained AS yet, al.
though II Is beng drii'eu Upon ousn
oi con,iderabl. yaluo.
n Crown ro'n' S'r'se
Simply consists OF very good milling
orc being found in the south portion Of
IN. icOo.foot level. about $50 feot from
- 49, H.. r., ,,,;,, ,.. IN,
,ne n..Ins, "H. ~, ana ,o'dar ,ha
,h'o nv, - aan,;nnss in
,ss', ~ eaoa 90 II. ,r,s sr,sn. nnd
yoIua will n. asc.rtained In due time by
c~ros.cutting.
North Consolidated virginis.
Th. rscs,, slsc,io, nj officers nj tho
-, -. :, H. comr,nv -.
e
rs We haVo oeiofe H'''s"' III '"'o'
the Old amt very eiheieh' manage
lnent. President Rogers, In his report
the s,oesholus's. Ga,o nv m.a .sar,s
Cd FEBRUARY 10Th. but much delay has
been experienced by the appearance OF
yet to date il has attained n depth
Of six hundred aud sixty feet. No
crosscut has been made, and none wiii
uh',' 'he sna'. s", w. ~, 'ha
e' pii ,a hss hen na.sed' and
tha. for SOM. time they will be in dry
ground, and thereby DO ablo to sink the
shaft at the rate OF GO to SO feet per
month";" Superintendent Jackson IN
his report says: There is no doubt but
what we are in the same ore y M
'hc Sohsoiiua,eu 'ns'a, arr =
ans opan' aa u,s,lisbos tho i"c, ,ha, wa
sAs'