Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-09-05

TANNING q kest Jontfce over
mAn-1he i75o-Fses Level Of the
Bsaansa Dtvidsads secured =
satire Tunnel Runo--Dessiis Of
she Mining situation To-Day.
On account Of the general election In
California to-day there Is no session Of the
San Francisco stock Board being held.
Brokers and dealers. both great and
small are taking q sort Of = rest; yet Il
is compulsory and not refreshing. for
owing to the nice little rise in stocks
during the past week or two. people cou-
tinuo in q state Of feverish speculative
anxiety. The slight decline Of yesterday
does not worry anybody very bad. yet
10 makes us all tho moro anxious
10 se. how the thread Of the
discourse will Be taken up tomorrow when
tho Board reopens AMI resumes The re-
cent lively rise in Justice has not been En-
plainable upon any tangible new ore de-
v~slopments in the mine. The great
point OF attraction and speculative an
ticipation was the ii50-foot level.
The main east cross drift to develop
the riches Of that point has cut into what
10 considered the outskirts VI the main ore
vsn. aud has passed through good string
ers AMI punches Of ore. but nothing salts
factory thus far. Progress Is rather slow.
owing to careful timbering being neces-
sary. some increase u water 10 met
with. but tho drift IL not yet into
the main ore channel Of the vein.
Tho rise In the stock has been
moro on anticipations Of expected ore do
velopmsnts aud consequent unlimited
orders for the stock. assisted doubtless by
shorts being caught out. Oyerman shown
no diminution In its good prospects. but
rather improves. Its prospects are worry
encouraging injceL for the development
Of q good paying ore body at that point.
As for the grand BONANZA Of the Conssl.
dated Virginia and California. there 10 no
discount al that in the least, and tho splen.
did bullion yield for the past month more
than insures the payment OF the regular
monthly dividend Of 81 by each mine
at tho usual time. Since oar last
regular weekly mining report the
connection has been male between the
main driii wes, from the G. and Q. shaft,
ct the iT50-foot level. ami the double
wilma sunk from tho level above.
The drift 10 being continued beyond
the winze. and II 1t is not now In the
west wall Of the ore vein IL should
be shortly. judging from the situation In
the level above. Last evening. however.
the face Of the drift continued in line
ore. II measures NJ feet from the
east wall Of the ore vein 10 the
center Of the Wine. and now an
almost unbroktn ore body 100 feet In
width presents itself. This new level
shows more and better ore . far a. devel-
oped than the level above.
There are rumors again Of acompromise
between the great ACKNOWLEDGEMENTS OF
the Comsiock and the sutro Tunnel
Company. Such compounds. II sat
isfactorily arranged, would lie very
advantageous 10 both parties. As
has heretofore been stated and shown
In the Nrws. in less than three months
time from now a connection could
be made between the tunnel and the
boiiam % the Choiiar-N orcrozs-Savage
Combination shaft ani thus through into
the Chollar mine. giving not only gocdand
important ventilation. hut the drainage OF
the lower levels Of the comstock conld then
DO commenced by pumping and passing
tho water Of tho Savage .ani Soreross
through IN the tunnel. thus saving at least
1900 feet In hight Of pumping.
Below We give our regular weekly sum
mary IL the latest and most correct mining
information, derived from Official and
authentic sources, showing the situation
o. each mine to-day up tn the time of
going To press;
Justice.
The east cross drift ut the liJO-ioot level
I. advancing IN what IA considered 10 BE-
,-,,,.,. :, AZ. ,o.,n orr .h.nn.,
tho ou'sA"s VI ."o mas"
Streats "a punches OF s"od ore nave
been met with. aud an increase Of water.
h,, an. xi,zs .nnk from the level above
-. I'm, ii,,l. drain.r, "A vet. The pro-
-. - NJ .1rir is nscss..rily allow.
80 a..,.t,I ,imbsring beipg rcoulrcJ.
~, noJ ,%ssri,. are cnnfJ.ntly antici.
Ds,s.i .Sa,,ly ws.ni il .hall eu, into tho
body Of the main ledge. The daily ore
yield 81 the mine 100 tons, An. .he
,aasen, ,s,s, sra ioolinr and Welding
finely a. usual. The south lateral drift at
the iOOoioot level continues rs eses'ien'
promise OF ore; u showing continual u"
pro'einen' a. the u'ii' 'a's"'e'.
UmIou Consolidated.
H. 49,, ,,,,o, NJ, Al. iaoo.foot Level dn.
ring the past "''h s'i"'A al '""i'y "."
character ~ ground, the hari rock In The
f,a. eh.nginc An n .nft ornhxry anil CLAW.