Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-04-06

treasure vaults mas connenceu
pouring out and adding It's immense
riches 10 the wealth OF the world. The
breasting Of ore and It's extraction was
commenced on the l500-foot level on
the first OF the month. aud yesterday
morning the California mill. with n daily
crushing capacity Of 800 tons Of ore.
| comnsnced reduction. No nine on tho
| Comstock was ever 80 systematically
| opened aud prepared for q favorable be-
| ginning. and no mine on the Comstock
ever had at one time such an immense
amosnt OF rich ores ready to hoist to
the surface as the California. While
| the number Of tons OF ore taken out
| this mouth must DO limited. on account
Of the inability Of obtaining mills with
which to crush IL, the character Of the
| orc now being extracted Is such ss to
leave no doubt Of the payment Of a hand.
some dividend at the end OF the first
months crushing. The ore will proba-
bly, yield from $500 TO $500 per ton.
| Sinking the Wine below crosscut No. 6.
ON the l550-foot level. to connect with
the 0phir mine. is making steady prog
ress, the bottom still in rich ore. The
north drift on the l400.foot level has
not yet connected with the Ophir. a sur.
vvy made showing the distance to run to
BE- greater than was supposed.
ward.
This mine comprises the old Ward
location. lying Immediately south OF and
adjoining the Julia, along with 400 feet
Of ground segregated from tho Julia.
| The title Is n United States Patent. The
location il excellent. and the opening
prospects far in advance OF many better
developed and older locations on the line
| Of the Comstock. A stock dividend OF
three-qusrters OF one share to each
share Of the julia, was given to the
stockholders Of tho Julia Company In
| consideration Of the 400 feet OF that
company's ground. To obtain n work.
| inp capital a limited number Of shares
was readily disposed Of to men OF cap
iial ut So per share, leaving a reserve OF
| "a, 500 shares in tho hands OF the coin.
pany for q like disposal whenever IL
may 30 desire. or the funds demand 1t.
This is n much more preferable manner
Of raising a working capital than that OF
levying assessments direct to commence
with. Yesterday morning ground Was
broken for O ine three.compartment
shaft, nj a point l.450 feet south and
east OF the Julia shaft. The shaft will
be sunk by windlass to o depth o! 100
feet, II being the intention by that time
to have steam machinery on tho ground
ready for erection.
Consolidated v~irEiaia.
Daily yield. $50 Ions Of ore. This
decrease IN the amount OF ore extracted
Is owing to no change in tho mine what
ever. but is caused by the starting up OF
the California mill with a crushing ca
pacity Of 800 tons per day. ON ore from
| the California mine. This mill makes q
| difference in the amount OF orc extracted
Of 1900 tons, and a corresponding ro-
duction in the monthly bullion receipts.
The mine shows no visible change dur
ing the week, and the bullion returns for
March exceeded by Sl34,0O0 our esti-
mate OF last week. amounting to the
neat little sum Of s3,G3l.2l az. This
result IL simply immense. and needs no
comment; Il speaks for itself. The
usual dividend OF S1,OS0. 900 was de-
clared yesterday. with a large reserve car
ried over for time TO come. Sinking the
q. & @. shaft is going steadily ahead.
although the flow Of water at the bottom
interferes to some extent with the pro-
rr.ss OF tho shaft. The east DRIFT on
the 1900. foot level, running to connect
with the c. & @. shaft, Is steadily al.
yancine, the diamond drills being kept
we'll In advance, to prevent at any time
the flooding Of the DRIFT by winter.
Ophir.
Daily yield 100 tons Of ore. keeping
tho mills all running up to their full
crushing capacities. The ore breasts on
the 1870 and l200.foot levels show no
changes worth noticing during the woek.
Tho east drift on the lCoO.ioot level has
penetrated 10 the ore vein. which is
| showing finely at that point. The up
| raise above the 1900 foot level to con.
meet with tho east drift on
tie 1lO0.foot level Is making steady
progress in very favorable ground
| Tho east drift on tho ll00-foot level Ia
| still in quartz aud low grade ore. The
east shalt has been cleaned out and re-
paired to the bottom on the l70O.foot
level. The new incline machinery was
started up for q trial a few days ago.
everything working with the utmost per-
lection. Tho new Office IL nearly COM
pleted. With tho present favorable
opening the yield Of bullion for this
month will. without doubt, DO consider
ably increased.
Sinking the shaft Is making the usual
good progress, the bottom still In soft
clay and porphyry aud quartz. The
main southwest drift on the l40O-foot
level is being steadily pushed ahead, the
face OF the drift showing no change dur
| ing the week. Tho main southwest
| drift on the l600-foot level ia rapidly ad-
vancing. the face showing more favor
able indications. Otherwise there are
no changes Of importance TO record. A
stock dividend OF thrcs.fourths OF n
share OF the Ward Gold and Silver Min
ing Company for each share OF the Julia
Company's stock was declared payable
ON the 81 instant. This Is a valuable
addition to the property OF the owners,
and was Justly the due OF the stockhold-
ers, as the Ward mine had been bought
and was owned by the Julia Company.
Hale q Norero.s.
The water stands Of about tho same
level in tho shaft ns heretofore reported.
The old machinery is being taken out
and excavations made for the founda-
tons for the new and powerful pumping
machinery now In course OF construc-
ton. A meeting Of the stockholders
will DO held in San Francisco on Thurs
day, April IS. 1876, to take into consid.
Grafton and decide upon the proposition
to increase the capital stock Of said com,
pany from three millions two hundred
thousand dollars. divided into sixteen
thousand shares Of two hundred dollars
each. the present capital OF the compa.