Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-10-25

week, short turns and quick profits being
generally favored by both large and small
dealers. Thus. whenever an encouraging
looking ris. in stocks sets In. and prices
advance = dollar or two. = small army OF
anxious holders rush in to realize = small
profit. OF to get even on something they
begin to fear is doubtful. Thus they
make the market shaky and unreliable,
aud tho chances for that spring rise"
before next Spring are not first rate.
Assessments continue to be leviei. Of
u Sc, for prospecting and development
work ia non-proiucing mines. or which
are NO, yielding enough bullion to pay ex-
pcnses. Mining costs money, AMI those
who are eagerly In search u good invest
ments. b~onanzas. or the future smiles Of
the Goddess Fortune, must expect to ''pui
up for the same.
The outlook all along the grea, mining
line, although moi, particularly gorgeous
and re-plenjeni At the present writing. Is
anything but discouraging. On the con-
trary, better preparations for active work
and practical development are To 10 seen
nov than at any corresponding season
or period in the past. Huge piles Of
wood. plenty of machinery on hand or
daily arriving. can BE- seen at the various
mining works. showing a determination
tn be ready for Winter and to be able to
give a first-class showing next Spring.
This Is TO bo seen in the prospecting mines
a. well as the old standard mines. proiue-
ing and otherwise. The bonanza shows
by it, rich dividends and regular Tally ore
yield that 1t is all right, and the Bacon
anil Trench mills have been added to
the bullion grinding arrangements Of the
Consolidated Virginia since last weeks
IMPORT. Active work Is also being done in
developing the ACKNOWLEDGEMENTS
i7O0-foOt level % that mine. The
Justice !. showing particularly we'll at the
iOO-fcot level. and the rich orc is known
Ia extend 10 the COO-foot level or lower.
We have no extra and special develop
msnt. To report % the rest 81 the
mines. but have reason Ia do 50
Ia some eases before long. We do not
claim our report Ia be absolutely perfect
III every respect. but for priority VI right
and better experience In the mat
ter. a. we'll a. the best possible
information obtsinable through the me-
diumship 81 first class experienced re-
portcrs. We are able to give what il Justly
acknowledged Ia DO the fairest and sluar-
esi report Of the mine. OF this section.
Below We give our regular weekly sum
mary 81 the latest and most correct mining
information. derived from official and
authentic sources, showing the situation
Of each mine to-day up to the time 81
going To press:
Iiaitimorc and American Fiat.
The ore vein recently struck In the east
FROM the north drift, on the 1850
foot level. 1, still showing we'll. An up |
raise has been made which 4, showing ore
Of a good character. though what the ex-
tent % II il must yet be determined.
Crosscut No. 2. GU the same level, IL also
showing some ore. The east drift. ON tho
iiJO-foot level, il steadily advancing. the
rock in IN. face showing strong indi-
Of a near approach IN the ore vein.
Auresin and Argeatiss-
New shaft down II feet this morning.
The rock Is becoming harder and more
solidihed. showing also better streaks Of
white quartz coming In among the red.
and carrying q considerable amount OF
iron pyritss. Assays 81 this rock should
also show gold. AT the depth Of 200 feet
il il proposed To drift north into the Au-
rcola ami south into the Argentina. open
ing both mines at that depth, with tho
ASSURANCE of finding good pay ore.
Ch~oiiar.l'esssi.
Daily yield, 100 tons Of ore. the average
assay value u which Ia so per ton. Sink
ing the main incline Is making steady and
fair progress. The pumps a'e kept run
ming about three-iourths VI the time. The
new hosting machinery al the Combina-
ton shaft IL completed. ready for use. The
erection u the big pumping engine Is
going steadily forward as fast ~ u con-
.i-tent with the perfection 81 the work.
overruan.
Sinking the main shaft Is being pushed
ahcal at a very favorable rate. the speed
attained being about ~ feet per LAY.
The immense new pumping beam IL In
place aud the ert elton u tho entire pump |
Ing machinery is fast approaching COM
plctiOn. The north and sorth drifts on
the i2OO-foot level are being driven ahead.
the facc 81 each drift being In q very favor
able quartz formation.
seuth Fad.
sinking the shaft Is being pressed ahead
with the usual yigor. 1t il now down ga
feet. the bottom being In quartz and clay.
mixed with porphyry. Some OF this
quartz gives good assays VI bath gold and
silver. and the appearances are that depth
on 200 feet more in the shaft will cut the
rich ledge 81 III. Herald, which. without
doubt. passes directly through the South
End claim.
Sierrn nevada
The south drift from the ij0o-foot sta.
ton Is showing some very encouraging ore
The north jrift on that level
\, also passing through q much ~livelicr
anil better character ot quartz than has
been encountered before in that direction.
The drifts ON the 1000 and l2J0Lfoot level
are making the usual progress, without
change of value Ia record.