Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-08-08

ness and Refsrsa -Atsing Yield
asd frespeess- To-dsy's Review
OF the Mutation.
The near approach Of the regular bo-
mama dividend disbursement. together
with improvement In some Of the mines.
imparts . healthier and more buoyant tone
" tho market. Consolidated Virginia
pays her regular monthly dividend Of "a
on the nth instant. and California follows
suit ON tho 18th. The yield Of these two
mines for the past month will aggregate
not TAR from $s.ooo.ooo. Tho heaviest
shipment Of bullion va. made evening BE-
fore lssi. being It's bars. ~aggresating
s7ii.4iG IS. This was the heaviest and
most valuable shipment Of bullion
ever sent FROM tho Gomstock. I'M
proved prospects are met with In Over
man. Justice. Yellow Jacket and other
mines. and tho undimini.hed yield
a. we'll a. increasing good prospects,
Of the bonsnza itself. give q hopeful and
encouraging look TO the whole mining
situation. Assessments continue TO be
levied. as . matter Of course. Tor Il 10 BY
the aid Of money that mines are developed
aud new bonAnzas found. Baltimore
lsvies IN assessment u fifty cents Ter
share. and to-day Best and Bslchsr fol-
lows suit with one Of = dollar . share.
The whole stock and mining situation
seems To have finally gravitated to . sound
and sensible basis upon which 10 predi-
cate and conduct future operations. Moth
ing new or startling transpires In any Of
the mines, consequently the stock market
ripples along smoothly with nd sudden
and wild fluctuations 10 gladden. the
hearts Of brokers and speculators.
Perhaps the searching Investigations
which have been recently made into the
management Of some of the mines and the
measures taken " reform discovered
''crookeiness and Encouragement has
had An assisting influence In quoting mat
tiers generally. Al any rate the eject Of
thsso Investigations AMI reforms cannot
fail Ia BE- highly beneficial. and they
should DO extended to every mine along
the great lode. When stockholders
can SEQ and know better where
their money goes 10 ana that 1t
Is not being stolen. squandered or
otherwise missppropria,ed then and not
Ill then can they feel q return Of con-
idence. and . greater willingness to invest
their money or pay their assessments.
The reform in 0phir WAS most certainly .
good u and the changes In both that
mine and the Savage were decidedly Judi
cious and beneficial. Some other compa-
mics are instituting reforms In the matter
Of salaries. and cutting down all unneces-
cary expenditures. These reforms will
call for less Assessments, q gratifying point
10 stockholders. Stocks are considerably
concentrated and we'll held, and although
everything Is running along smoothly and
quiescent. yet a new ore development any
where along the line will send stocks
booming at n time.
Below We give IA regular weekly sum-
mary of the latest and most correct mining
information. derived from official and
authentic sources. showing the situation
% saeh mine to-day mp 10 the time Of
going to press;
si~rrs Nevsdn.
The north drift on the l25O-foot level.
running to connect with the Utah. IL max
ing good progress, the face still In very
favorable ground. II will probably tale
10 days yet to complete the connection.
The south drift on the li5o-foot level 10
also being pushed rapidly forward 10 con-
meet with a corresponding north drift from
the Mexican. This connection will prob
ably bc completed inside Of sixty days.
sinking the south WINS below the 1850
foot level TO connect with the south drift
ON the l100.foot levol Ia going steadily
ahead. The south drift On the i700foot
level is making good progress. the face still
In very favorable ground.
usien Consolidated.
The north and east drifts ON the 1900
foot level are each being steadily and On.
orgetieally advanced without change Of
interest To report. Vim. Hardy. the pres
ont able superintendent Of the Imperial
Consolidated mine. received yesterday his
appointment ~ superintendent. vice Cap
tain Samuel I. Curtis. removed and w.
A. Bonynge. a. foreman. Both gentlemen
are we'll versed In mining operations. and
there Is no longer q doubt o. tho honest.
faithful anil efficient management and do
veiopment u the mine under their super
vision.
ossia 4 Curry.
sinking the main incline IL making the
usual fair progress. the rock in tho bottom
being still Of = hard blasting nature. The
main east erosscut mo. ~ on the i75o.foot
level has been started up and Ia making
good progress. Crosseut No. 2. from the
south drift on the same level. Is also be-
ing pushed vigorously forward. the face
in very favorable vein matter. The south
drift ON the i9OO-foot level IL In Isl feet.
the face In good blasting ground. Sink.
inc the joint Wine ON the Savage line win
he resumed tomorrow.
Mexican.
The north irift ON the itcj-foot level
running to connect with tho Sierra Nevada
mine. 10 being pushed energetically ahead.
tho fare In very favorable ground. Tho
north drift ON tho ic0o-foot Lowell shows NO
chang. sinking the Joint Ophir Wine
below the i1OO-foot level IL making fair
progress. William Hardy. tho present
very efficient Superintendent 81 tho Con-
solidsied Imperial. has received the APP
pointment Of permanent. Superintendent.
In place of Capt. \. T. Curtis.
overssnn.
An east crescent has been started on
the ii5O-fsot level. about $50 feet south Of
the shaft. the face o. which IL In . nne.
favorable character % quartz. The south
drift ON the l300-foot level Ia being pushed
vigorously forward. with highly encourag-
ing prospects. An east cross-eut. $50 feet
south Of the main shaft. has also been
started on that level. The main cast drift
ON the 400 foot level Is being steadily
driven forward. the face In porphyry. car