Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-12-27

Yesterday being the day after Christina
all interested in stocks looked anxiousiy v
sec how the market would open after ID
two DAY. holiday rest. When the stoeA
list. we're posted ON the various bulletin
boards Of brokers and others everybody 70
garded them with depressed lower jaws
stocks were lower than they have been for
many a long month. Nobody seemed 70
feel happy over ii, and well might tina
dsy b. tsrmel ' Blue Tuesday" Some
little indications Of a revival are TO
b. noted in a slight advance IN q
few stocks to-day. yet nobody feels sure
tina, the market has touched bottom even
now. Everybody asks what 10 the eanse
Of all this. and plenty Of reasons are
assigned. such as that the bottom having
totally Dropped out. brokers have been
obliged To tumble stocks upon the market
at a pretty lively rate in order W secure
themselves. Thus. even what have been
considered pretty safe margins. have bean
swept away at Last. Owing 10 the chances
for an extensive aud detrimental Eu-
rop-an war. aud even the unsettled state
Of American Political %affAirs. capitalists
are represented To DO in q state Of proven
biai timidity. aud afraid Of investing In
securities Of any kind. in short everybody
having money. prefers to hold on 10
Il for awhile. Lack Of rain
and consequent fear Of short crops.
rumors Of "pstsring'' In the bonanza
mines aud the probability Of dividends
being discontinued are also assigned ~
reasons for tho present depression.
The vast sums Of money sxpend'
al anal tied up in Christmas presents
might also 10 urged with perhaps equal
propriety. But according to the best
information We can obtain. and which
l. a. gssL as anybojy's. the bonanzas are
holding out pretty veil. and bid fair TO
give stall mere 81 . rich showing when
the icj0foot level Is opened. That
level is likely To prove a. valuable n the
1900. Anyhow dividends ere stiil In
order aud ON the programme for
months to come. Generally speaking the
mining situation continues hopeful and
good: certainly much better than the
stock situation Ia at the present time.
Below We give our regular weekly sum-
mary Of the latest and most correct mining
information. derived from official and
authentic sources. showing tho situation
Of each mine to-day up to the time Of
going 10 press:
A h.a,y lifi.pump Ia being lowered to
the is0o-foot station. This pump will lie
ready To start into full operation in q day
OF two more. The pumps have been kept
steadily running during the past week.
aud are slowly lowering the water. Al
soon as the new lift-pump 10 ready 10 start
up the water without doubt will BE reduced
much more rapidly.
Caiedsats.
The bottom Of the shaft encountered
much softer ground during the past week
carrying a considerable anount Of quartz
% a very favorable description. The How
81 water at thu botiom IL not a. strong
mil. y. for .om. Tim. mast. M north
drift on the iiO0-foot level Is advancing al
the rate of 80 feet per week. the face In
very favorable ground.
n - .a.,.,,u.., n,
,.-m.I,, &c L. -. 80 n,o.,...
~. =, la, a. N. i-oo- 20, ls,., 4.
b.ing nut iu good repair for more active
use. The erection " the new pumping
machinery /. being pushed to completion
With all the force that can be worked ON
the rounds
sierrN Nevada.
The prospecting drifts north and south
On the i'Oo-iost level are making steauy
hsalway. the face Of each In very favora-
BILE ground. The prospecting drifts and
crosseuts ON the 100, 1850 aud iOoo.foot
levels are all steadily advancing. without
-..
ihe no" VI ~A'ot SHOWS q spsAoy "saAen'
ing. The rave in tue main incline 10
nearly repaired. ANY delay Of the pumps
will admit Of the water rising in the main
ihchne' pu' Is Again very easiiy reuuces
or bss
..-., r....,,....
a no,,L I,,,, r., AZ. ,,o,,.n =, An.
south WINE anu hs sou'A arm irsui me
bottom Of the north winzs. on the 2i35-
Tool level, are eaeh making s'sady mead
sS No. ~ ~ Saoo ~. ,p.s,
..--.,,
'
sinking the main incline 10 making inc
best of progress. The east drift on the
soo.too, level 4. being advanced vigorously.
The north drift on the iii-foot level IL
,leadliy approaehihs ,se sos'n hss o. ,he
~. m,,.ri,i'
T'
Crosseut No. j. nj The eoo-ioot level. 10
now la the orc vein. aud good assays are