Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-12-19

EaunE Csnmitsse-Absus ophir
-Bssassa acknowledgements
Tho 0suerai Oasieok.
Yesterday and to-day the stock market
has run into . streak Of lively looking
"riss" indications. although porphyry
may come in . little again at the Close.
Nothing big. however. nosd bs..looksd for
jusI yet. Wait . little longer. One reason
for the unrsliableness Of the market con-
sists In the fact thapths great majority Of
stock dealers. tho grea. school Of small
fry, lack confidence. They have seen
stocks 60 immensely lower than they arc
now. and dislike TO risk tho Possibilities
Of soms similarly disastrous decline, con-
ssquently they prefer making short
turns. tho which. Of course. 10 hsh for
the brokers. All are anxiously. how.
ever. looking out for "~points." Alta
IL In the ascendant by reason Of tho new
machinery being started and the COM
mencement Of ore production from the
mine for milling. Moreover. the Alta 10
principally owned and managed BY e.
tremely sensible. wide-awaks men. They
have fastened to remedy any real or i'm
Aginary defects In their title and now feel
safe on that score. A 10 that little $780,
900 purchase Of ground from tho Justice
| Company which has looked 90 irregular.
II Is said that II will look All right enough
- soon a. explained.
Tho Justice Investigating COMMITTEES
have completed the first instaimens OF
| their lAbor at the mine. and have gone
back TO San Francisco to investigass
Schultz some more, and put this and that
| together. They feel sure that they have
unsarthed q vast amount Of high grade
rascality. and find that the company will
still DO over ss5O.OO0 In debt after tho
present. delinquent assessment 10 fully
paid In. schultz says tho now man
Agemsnt have not scted In good faith
with him ; that they have brought
charges which they cannot sustain. and
anyhow which will not look so ~drssdfully
bal when properly and fully explained.
The report Of the committee will Be made
public in due time. aud then tho full
and complete explanation Of Mr..
schultz will DO In order. Meanwhile.
Superintendent Curtis Is going ahead with
the working Of the mine. - he thinks
ought to DO done. and no does know
a. much as anybody about such
matters. Justice will come out
ON her own bottom hereafter. although
there may DO another assessment
required TO clean mp the Indebtedness.
Ophir has not crosscut as yet al the 1900
level. but tho indications are In favor
Of finding . goodly width OF val
liable ore vein when this 10 done.
There Is no ~diminution In the grand
ore and bullion yield Of the big bonanra.
or the chances for future dividends. Quite
. number Of assessments arc just being
levied among the mines along tho line.
but this Is by no means . discouraging
feature. Bonanxas are only found BY the
expenditure Of money. Tho general out
look Is encouraging.
Below wo give our regular weekly sum
mary Of tho latest and most correct mining
information. derived from official and
authentic sources. showing the situation
Of each mine to-day up to the time OF
going to press:
s~sAiIasruia-
Daily yield. $50 tons Of ore. The mills
are all crushing ore TO their fullest capaci-
ties. and the yield Of bullion Is fully up TO
regular standard. The ore Slopes are
yielding rich orc from every quarter. and
the prospects Of tho mine for the coming
Winter are excellent In every respect. On
the 1900 level the northwest drift from the
@. a @. shaft 10 being pushed vigorously
forward 10 reach the ore slopes. Retim-
bsring the north drift between crosscuts
No. ) and 4 Is going steadily forward. On
the 1850 level the extraction OF ore contin-
ues without change or interruption. On
the 1000 level the ore Slopes continue 10
Afford = goodly yield Of first-class ore,
which Is being extracted for milling. On
the 1850 level the snmp and station OF the
Consolidated Virginia shaft has been nm
ished. the tracks laid and everything put
in the most complete order for tho extrsc-
ton Of ore. The upraise from crosscut
No. ~ 10 progressing finely. the fsce still
In high grade ore. The north lattsral drift
on this level was connected with wine No.
Q on Sunday last, and greatly benefits the
air circulation and operations In that por-
ton Of the mine. On the 100 level the
main north drift IL steadily advancing 70
connect with No. 4 winzc from the level
above. The vct crosscut on tins level.
running 10 connect with No. 5 Wine. II
also making good headway. West crosscut
No. 2 on this level has reached the west
clay wall. and 10 stopped for the present.
West crosscut No. ~ on this level 10 stead.
ily advancing. the face still In low grade
ore. No. 3 Wine has reached the is4o
level, II which point . station has been
OPENED 10 drift both north md south. The
north drift TO connect with the drift south
from the deep Wine on the Ophir line.
The bottom Of this winze 10 In fair ore.
The east crosscut from the south drift on
the 1910 level. 200 feet south OF the Ophir
line. Ia steadily advancing toward the ore
vein. the face Of the drift being In vein
matter Of . lively character. The Joint
PROSECUTE on the 0phir line. from the bottom
Of the deep WINS, Is being pushed ahead 70
reach the east side Of the ore vein.
Consolidated vtrxtsia.
Daily yield. COO tons Of ore. keeping the
mills crushing 10 their fullest capacities.
The mine Is looking we'll In every quarter.
Aiarss supply Of timbeu and material for
Winter use has been provided. and there
appears to be only prosperity for the fu'
turs In view. On the 1850 level the up
raiss 10 connect with tho 1850 level was
completed last evening. and has greatly
benefited the air circulation In that por.
ton already. The last ffty feet penetrated
by this raise Was very rich ore. The sta
ton. sump. steel rail tracks, and. In fact.
everything necessary for the rapid and
energetic extraction OF ore has been COM
pleted on the 1850 level. 90 that there 10
nothing now left 10 do but 10 take out the
ores and send them TO the surface. On
the 1850 level the enlargement Of the main
connecting drift with the Gould 4 Curry
mine IA procrt sSing steadily. The upraiSe