Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-01-20
LOCAL MINING SUMMARY
Latest Official Mining News

The stock Market Tumbies tn
Popular Question n, whats oh
Matsep:-A All sorts of Runners
Wise and Otherwise Not M"ri
efn Disastrous Break Good Ma
Ing Prospects and she Beiresi
Pitching.
And now comes q sudden. yet not b!
any means unexpected break In thu
stock market. and the prospect to-da,
for a still further decline is very good
yet those who look at the situation phi
l~osophically, aided by experienced ant
sensible Judgment. do not look for 4
heavy decline any more than w
do. Everybody has been looking for
ward to a "big riss." and we have
confidently predicted that II would come
before the first Of April; We still predict
and expect Il. The excellent prices Of
stocks which have prevailed for tho last
few weeks have been produced by the
eager desire ON the part Of many small
as well as large d%salcss. TO invest for fu.
ture and permanent profit. They need
not be afraid; the mining situation is
good and showing better all the time.
And now. in view Of this sudden de-
cline. comes all sorts OF reasons assigned
therefor. aud some Of them very foolish
ones. too; yet some were evidently o n
cocted and intended to disastrously In.
fluenee the stock market. Among the
most prominent are. that the control OF
the Ophir has changed TO the Flood.
O'Brien ring. and tina. Fair has super
seeded Curtis in the SUPPLEMENTARY;
aud also that Sharon is busted" As
to this latter rumor. 1t Is simply q ca
nard Of the thinnsst character. The for
mer notion il simply based uponthc fact
that at the recent annual election Of the
Ophir Company 1t was arranged that
the California should have the privilege
Of using the Ophir shaft for ore hoist.
ing purposes to a certain extent, when
that company should require IL.
There il no change in the
superintendent Of the Ophir Company.
Another foolish as well as somewhat
whimsical cause assigned for this little
break is that the Aha has quit"bearing''
and gone to "bulling." Meanwhile, ~
may be seen by q careful perusal Of our
report this week. the Development Of the
mines goes right straight ahead and there
1. plenty Of good ore in sight and splen-
did prospects ahead, regardless Of stocks
or stock manipulation.
Below We give our regular weekly
summary Of the latest and most correct
mining information. derived from Of
fetal and authentic sources. showing
the situation OF each mine to-day up to
the time Of going to press:
0phir.
The machinery both hosting and
pumpingis working finely. The repairs
to the drifts on the lower levels arc
making excellent progress. Ore is now
being regularly hoisted. Tho Nevada
mill was started up yesterday morning.
The work Of opening an additional CON-
partmsnt at the north end OF the shaft
was also begun yesterday morning. Work
was commenced both ut the top aud
bottom Of the shaft. In q short time
openings will probably be made Mt
several intermediate points and the CON.
struction Of the new compartment
pushed to completion AZ rapidly m posi-.
Die. The long gallery connecting the
hosting works with tho east ore.house
Is completed.
Overmnn.
Tho north drift on the ll00.foot level
is pushed steadily ahead. to connect with
the south drift from tho bottom OF the
Wine on the same level. These drifts
-,-L.., 90 .,,,
na'o on,y aoVu' =. wv ~
n IN u.o,;,.,. ~. r,oo. 10, i.,.,
and permit the prosecuting Of the ledge
in that portion Of the mine. II so de-
sired. The pump station on 'he 'oV-
'oo' ie,ei" os's ,"s Ia,
Exsrv,binv in and about The mino ia In
oooa vorfinc condition. and there /.
s,srv r,sson for exrectinp so,ne good
d.,:Ionments soop
Choiisr-rs'esi.
Daily yield 90 tons OF ore. There is
no change whatever in tho ors-produc-
In, station. Of thu nina. and the de-
--,., A.. III. ii, 4. H.. 80,
by The inability of the teams to haul the
ore TO the mills as fast as Il Is extracted.
The dumps are kept full OF ore. As
soon ~ inc ,eans eau ~. = wv
sia s,anJ.nI tn. two son,h dr;f,, an
v ~. so.% saS .soo, ,.,sIs ara nn.b.d
nm .S1 r. 60 ~ Ln,h .,;,I
y LII = naw .nn,b;n.
mp"'pn.'H' !. aains ab..1 y, Sarv
Auvn mn '"s ~
iap'u 'A'e speeu'
silver Iiiii.
Astrong flow OF water was encountered