Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-02-21


stscks are somewhat Oh again to-day,
yet the probability Is that thsy will b mp
again tomorrow. The reason Ter ths
present dspressioa may rishtfuily b a.
tributsd 10 the iess favorable showing In
the face Of the main arift west
into the BONANZA. from the Q. and
c. shaft. a. that 10 the central point
Of interest at present. aadis carrying the
whole market upon its shoulder. That
dear little drift" is now In ios feet from
the east margin Of tho orc body and the
Last few feet have bssn In . mixture OF
good ore. and lea valuable vein matter.
II iAeks Al least ono hundred feet Of reach
ing the west wall. within which distance
there 10 plenty Of room for . vast amount
Of rich ore. Drifting further west 10 sus-
pended for the present. owing 10 the great
heat. and . drift north 10 being run from II
to connect with the drift bang run south
from the California mine. About 40 feet
intervsnes. and the connection will b
made In about . week. Attending the much
needed air circulation. When this 10
completed. drifting west viii b resumed.
A drift south 10 alss being run from
this main west drift to connect with the
deep winze Of the Consolidated Virginia.
Thus far this important drit west
from the c. aid O shaft. has developed
seventy.ave or eighty feet Of very rich ere.
with 100 feet yet 10 hear from. There 10
little room 10 doubt that the i65o-foot
level. which this drift 10 opening. will
prove fully as valuable. and psrhaps
still more 80. than tho level above.
Imperial Ia about opening . new and
deeper level. and the winzs bslow the 1900
foot level In the ovsrman 10 still In gsea
ore. Justice shows increasing good pros
poets. and all along the line. development
goes actively forward. The general sit
uatisn 10 gosd. notwithstanding any tam
porary depression in stocks. The follow
ing telegram from San francisco gives the
details Of the stock situation to-day:
SAN Francisco. Feb. 2i.-This morning
at tho opening OF the stock market . weak.
panicky feeling was manifest. and at the
informal session quotations were much low
or. Tho bonanzAs we're especially nimsy'
Con. virginia opening atf6$ and drop
ping quickly to iSt. Caliiernia went on
TO ~ under light sales, And bsst q bsichsr
tnmbled 10 ~. Gould and Curry was
shaking at ilh. OPhir n Mexican wero
likewise sroggy' Tn. former ~ 1oa r
sar can yi,,;n;. and AN Sor California.
There was a married rccoyeryi h. The Beard
and tho better feeling showed itself all
around. Ophir opened the ball at2os,
with Mexican Ais; cs,iiorniA snos spte
@os, Best and Beicher JsS' y Cea. VIZ
GINA 10 I'm. Inc Two BONANZA sere sne
great FEATURES OF A'trseuon. Soiu III.
stocks quie'' anu mailer securities es''ia
oil interest,"
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 10 tho time Of
-,.......
s"'"s ~P
Cheiisr-rosesi.
The new station, at tho i7s0-foot level OF
tb. main incline. IN completed, and . drift
has been started 10 the eastward 70 cross
..,.nl o.o.~..t ,ha mr.. vain N thai p.ipt.
The ere Slopes ON the old upper levels con-
tinue to yield about, 100 tons OF ore per
day. the average ASSAY value Of which 10
s27 per ton. Sinking the combination
shaft il making the best Of Prssrsss. the
rock blAsting q ninety ana inc oo''o"
ward
sinking the smart making 'ne oe.. %
progress The bottom IN sooe SnAias
ground, and the now OF water being hght.
M ,rouble whatever In expsrisncsd In the
pr~ssecution Of the work. Opening the
new staten at the s25-foot level 10 making
eicslisnt progress. As soon - .nls mi Sa ~
n.st ~ order. wsrt has been commenced
o. the side track from the railroad for the
delivery Of timbsrs and supplies directly
at the mine.
.m,.,,nl Consolidated.
- -, ...-..,,. nj,
iho n"t'" s"e