Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-03-16

q the CsasslidaseA virgtnia q
- Issasa Ts-nerrsw-rhe New
nssek sf che Ysiisw Jacket 90 -
lssssA % usaaay: Next Ths
Chslias and Pssssa Ineespsra-
tisss-The Impssial-Alphs -
naasa-Lassas Infss0asisn frso
all shs Misiss Levess-
The present state OF the stock market
II decidedly Of the s~se-sawing or wob-
bling" style. just such as the good
square broker likes. giving q good chance
for good commissions on short turns.
This state Of affairs Is liable to continue
until the last Of this month or first OF
next month. when there will DO q raise
above present prices. The tone OF
the market to-day. although q little do
pressed In some instances Ia generally
arm and healthy. It is not q good time
10 short stocks now; the mines are look
ing too we'll for that. The prin-
eipal mines are getting their stock
and division arrangements fixed up
and otherwise put in good trim
for any movement In the market. The
new stock Of the Consolidated Virginia.
Ave for q Of the present stock. will be
issued tomorrow. The new stock Of
the Yellow Jacket, similarly divided.
will be issued and listed on the Stock
Board next Monday. Among the new
interpretations are tho Chollar Mining
Company and tho Potosi Mining Com
pany. each Of which is to have IL. OOO
shares. and q capital stock OF Sll.-
200. 900. These corporations are to be
successors to the Chollar-Po tosi Mining
Company less 200 feet, which is to be
sold to the Hale 4 Norcross; tho Chol-
lar and the Potosi TO receive ons.third
Of the increased shares Of the Hale 4
Norcross. and are to pay one-third Of
the assessed value Of the hosting works
erected ON the Hale & Norcross ground.
The bonanza Of good pay ore being
developed by the drift north from the
Imperial 20O0-foot level il skinning out
better and better with the progress Of
the drift. and already shows itself to be
. valuable and extensive development.
The drift passed through n clay streak
or alp from the west wall. yesterday
morning. into frst-rats ore again. which
still continues in the face Of the drift.
Crosscutting east also shows the body 10
30 OF considerable width. but its extent
In that direction is not yet ascertained.
Meanwhile the Bullion aud Alpha folks
arc also working toward tho develop
msnt Of the anne body OF ore.
The yield Of the Consolidated Virginia
shows an excess Of $200.000 over the
month OF February at the present date.
and will undoubtedly reach the neat
little sum Of 5000. 900 BY the close Of
the month. The ore body in the Mex
lean has been sufficiently explored to
prove IL to be not only a large deposit,
but also Of a quality that will pay
very we'll for mining and milling.
Altogether. the mining situation con.
tinuss in n very healthy state. and the
outlook for the future is hopeful and
good.
Below wo 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 DIGGING to press:
Belcs.sr.
Daily yield. 4G5 tons Of ore. keeping
the mills. all running up to their full
crushing capacity. The ore breasts are
all looking finely and are yielding the
usual amount OF good ore. Tho pros.
pectine drifts on tho l50O.foot level are
showing finely. The ore in the bottom
Of the winzes below the l5O0-foot level
10 showing n steady improvement. The
entire mine. in fact. Is looking better
with every step Of development now
making. The air shaft Is being sunk
Al n randi ratio below the l500-foot
level. Il IL expected that the ground
will be amply dry enough to start
the punps to working directly from
the iGO0-foot level. when once they are
In running order. The excavations for
the pumping machinery are rapidly near
ing completion. The farmhouse. having
been destroyed by q fire . few days ago.
u Il being rebuilt on the east side OF the
railroad track. 80 as not to again on.
danger the main buildings. No Dire will
Be- used In the house after this. a. the
tar will be heated by steam. conveyed In
pipes from the boilers. This Is q vast
improvement over the old style OF heat
ing the tar by = FIRE. and Is well worth
copying after BY every mine on the line
Of the Comstoek.
Julia.
Sinking the shaft 10 making excellent
hsadvay. the bottom still in quartz and
ledge material Of q highly favorable
character. The face OF the main south
west drift on the lG00-foot Lowell has
passed through the clay and porphyry
encountered lastl week. and Is now
almost the entire size in quartz and low
grade ore. This proves the body OF
porphyry just passed through to DO
nothing more than q large horse. and
that the vein ON that level Is actually 400
TO 600 feet In width. Tho main south
vest drift on the 1l00-foot level 10
steadily advancing. the face also In a
much more favorable formation. Every
thing In and about the mine Is working
finely. and excellent progress Is being
made at all points.
Cheliarrotosi.
No ore Is being extracted ut present,
owing to the bad condition Of the roads
preventing the hauling Of ore to the
mills. The south prospecting drifts on
the 1850 and l35O-foot levels are steadily
-I--.L.. n ehanOa of intareat.