Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-04-11
fine eeMsfocK.
Latest Official Mining News
For the Week Ending April II. 1871.

For the week knding April II, 1871.
The sssek Nashss RlssrsA, ana shs
Bsars sttstsg % TeD ef IL
Plenty or Mesey ssr WhssvsF
Can csonand Is-oesd Tias -
Duy = Present and Prespessive
Dtvtdends- Better Times Coming.
A disastrous condition Of affairs. almost
amounting to q panic. has prevailed in the
stock market during the past week. and
the bears have triumphed greatly over the
general crash. involving financial ruin and
serious embarrassment TO Thousands Of
operators In stocks. both small and large.
IS well a. dNrimentally affecting the gen.
sral interests Of the country at large 10 .
very serious extent. 0verman seemst 70 have
been the grand objective point Of attack. and
that stock has been jumped and crowded
down at . most unprecedented rate. de-
clining over so per cent. Yesterday II
touched s22. but to-day u got up to SIS
again. under . small general advance In
the whole market. Whether tho bottom 10
really touched or not. remains to b seen.
but the present decline Ia most unlustih-
able. The excellent ore Developments and
prospects in the overman call for . much
bstisr price. and those ssst posted know that
now /. the time TO buy. for an advance
must come and that very shortly. Tho
bears have their day just now. but must
retire In disorder.
Meanwhile tho new lower level Of tho
great bonanza Is being opened out more
and more. showing . vast amount Of rich
dividend ore. which 10 being brought 10
tho surface in steadily increasing guam
tity and the other levels above are also
yielding ~ we'll rs could b desired.
Tho California disburses her regular
monthly dividend Of 81 per share. aggrs
eating 81 .0s0. zoo. next Monday. and next
month Consolidated Virginia will resume
tho payment Of msnthiy dividends Of =
like mount. Good prospecting and de-
velopment work Is being done al along tho
line in the principal mine. although the
present depression In stocks and business
generally retAris tho working and dsvel-
opment Of many Of the prospecting mines.
The darkest hour. however, u Just before
day. and We can all Afford 10 hspc for bet
ter times.
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;
The How Of water at the bottom Of the
main incline Is gradually abating. and
sinking the shaft has boon resumed. Prep
arations for lowering tho pumps TO tho
isoo-foot station Is going steadily forward.
sinking tho winzo near the California line
below the i7O0-fost level IL making good
progress. II Is now down 40 feet. tho bot
In quartz and ore. Otherwise there
are no particular changes In any portion
Of the mine.
n.,nx..
Re,veen The nrocrees made. and delsys
resulting from disarrangements Of the
pumping machinery u tho Savage and
Hale a Norcross mines, there IL but little
.h,,c. IN rr,or, for ,h.v .st. The v.tsr
,as scvrraI ,imes been r.piJly lowered
lurins The wcek and then again allowed
M rise 20 that n now ,tnnds in the shaft
Il Just about the same point that Il did at
his limo last week.
south Cemsteek.
The sinking Of tho shaft deeper. for the
,oaL..o, i.v.i 4. ..,iv.lx yoi,y sorv.rd M
90. -
; very sooa iA''o VI P'os'.
~ zee. Dslow ne sooI.Go. non. .a
,omposed Of porpbyry' clsy and s,rcals Of
T~he5oo-foot level will be reached
before the end OF the present month, vhen
: s'at,on Is 70 W oPsnsu 'o' URN INV
tho 'suss'
silver Hili.
The north and south drifts ON the cJO-
foot level arc each being steadily driven
ahead. Tho north drift ID In favorable
ground. and IL advancing at the rate Of
four feet per day. The lace Of the sorth
drift IL In very ENCOURAGING quartz. WIN
ore prospects. Inc stsnon ~ tne
soo-io"t Level mas Teen opensd ais'Anee
OF ten ieet' q - Icing rapiaiy pfessea 70
eomp'euon' reaay !" START . urn' ~ 'hA'
Lesssanss.
The main drifts north. at tho 0 and
levels. are both being pushed
ahead al the usual good rate Of progress.
face Of tbs upper driit Is All In quartz
=, = hne .s ~ .o W.
inv ~ :, In i., ~
f
q neieher.
Crosscut No. I is in 100 feet. the face In
very favorable porphyry. with strsals Of
,,..,, c,o...r, No Q ,.., An. e.,,.r
Of the claim, is in iO5 feet, the face in
hard porphyry. cro.scut No. 5 IL In i55