Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-01-31

The stock market has see-savsd some.
what during the weak. and brokers have
done = good business. rhs general tsn.
deney Of the market has bssn and still ID
to advance. and everything 10 mere In
favor Of an advance than Il any serious
depression. The bonaasa mines. The Tel
low Jacket. Justice and Other points Of In
terest along the lode are showing and
promising better than at last report, and
the situaiion 10 very sncsurAging through
out.
AT the annual meeting Of the Bslchsr
Mining Company held al San Francisco
yesterday afternoon 80. Isl sharss Of stock
were represented. The following were
elected Trustees for the ensuing
year: J. d. Fry. A. X. p. Harmon.
II. II. Morrow. II. N. Graves and J. H.
Dobinson. Al . subsequknt meeting Of
tho Trustees the relieving onics, were
elected: President. ]. d. Fry; Vice Prisi-
dent. A. X. =. Harmon ; Secretary. Jshn
Crockett; Superintendent. W. II. Smith.
The following telegram from san Fran
cisco this Afternoon details the stock situ-
alton.
BAN FRAScIsco. January 3t.-The mar
kst had adscidedly healthy tone this morn
ing. Ophir rose at the informal ssssisn
from 26h 10 27h. and In the board 70 28k.
The BonanzAs were much sitter. Califernia
holding irm at 4i0iik. and Co..
beard the latter closed fra al AZ.
Best a Beleher steady at "a. Mexican ct
Is. Yellow Jacket was firmly bald before
the Board at II. but there we're Ne sales.
In the Board there wss weakness and 10
fell 10 16s. Belcher was Alss Oh 10 81.
Crown Point showed . slight weaksaing In
the Board. going of 10 81. The volume
81 business was light. however. all along
the line.
Below We give our regular weekly sum-
mary Of the 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:
sierra Nevada.
The dow Of water at the bottom Of the
shaft Ia still very strong. but 10 easily
handled by the pumps. The face Of the
north drift on the i700.fsot level 10 dsvsl-
sping some fiae quartz and low grade ore.
The south drift on the same level 10 max
ing good progress, tho face In . fine char
acter Of good ledge material. The north.
south and east drifts on the l500-foot level
are each making COED Roadway. without
any change Of value Whatever 70 report.
The prospecting drifts on the i250 and
i000-fe0t levels show NO important
changes.
Crown rsiat-
sinking the main incline Ia making the
best Of hsadway. the rock In the bottsn
being quits firm bat blasting cut well. II
10 now down 10 within about tan feet OF the
2OOO-foot level. A soon - . SUFFICIENT
depth 10 attained the 2000-lsvsl station will
b. opened and . drift started 10 prospect
the Gre vein at that point. The north
drift on the i700-foot level 10 developing
some low grade ore. but has net - yet
found anything that will pay for eItr.c-
ton and milling. The opening up ot the
2OOO-foot level will give . depth OF 800 feet
Of virgin ground below tho i7OO-foot level
to explore and prospect.
Heasssssi.
Sinking the new shaft has progressed at
= very satisfactory rate during the wesk.
the formation at the bottom being very
Considerable clay and oeca-
.ional punches Of quartz are mot with.
The old prospecting operations oil the com.
pany demonstrated the existence OF gooa
ore deposits At no great depth. and this
new shaft il intended 10 open the mine
properly and give an outlet to is riches.
. small outlay Of capital. ludiciously sx.
will bring the Homestead out all
right.
savage.
A breakAge Of = pump rod during the
hrst part Of the week caused = sioppage
which permitted the water In the shaft 70
rise 10 a distance 80 great u 70 stop all
uork in the main south drift on The 1900
loot level. The broken red has been 70
pairel. hswever. 80 that everything IL
,gain in the best Of working order. The
water has been reduced below tho lgO0-foot
AMI work has been resumed IN the
south drift ON that level. which 10 being
advanced to meet tho north drift from the
Hale 4 Norcross.
Ophir.
The main incline has reached the 1900
foot level. at which point . station 10 being
In the meantime . WINE IL being
sunk below the i7O0-foot level TO prospect
vein in n downward direction. An up
raise 10 also being made from the east drift
on The i7OO-foot level 10 connect with me
ieOO.foot level. The north DRIFT on the
i7OO-foot level affords ne new features.
production Of ore 10 about fifteen tons
Der DAY u the value Of $50 per ton.
silver lliil.
The main incline has been sunk during
the pas, week i2s feet. The rock In the
bottom is very firm and tho fiow Of watef
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