Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-08-01

Resumed - Bsnansa Dividends
all Right Prespsets for the
I75o-6st Lsvei-GeasraI Aspect,
sad Details OF the Atning Sisua.
tiea all Along she Lias ro-day.
The month Of July has Just closed upon
. stock market that nobody has appeared
10 understand. II has been. and still 10,
Of the fiuctuating. non-committal order.
80 to speak. and even the boldest opera.
tors have dabbled in Il with numerous
doubts and fears and q feeling Of disagree.
able uncertainty. The fact Of u IL that
there have been no new ore Developments
% value. outside OF tho great BONANZA 81
the north end. TO create new channels Of
speculation and cause new and rapid
movements in stocks. Nobody knows.
however. how Don some new develop
ment may be made. but everybody
awaits with feverish anxiety the
turning up Of something new and excit-
ing. OvsrmAn anil Caledonia are showing
improvement. also the Justice. and the
prospects Of Yellow Jacket. Imperial.
Utah. Gould A Curry and Belchsr. for
dndiny ore. are excellent. Work IL about
being resumed In tho Lady Bryan. Wells
Fargo and ether suspended mines, and
gradually mining operations generally are
assuming = more healthy and encouraging
look. by many. the value Of outside or
prospecting mines Is considered TO be
merely what the surface machinery will
sell for. yet. after all. location will be
found to have considerable bearing on the
case. A prospecting mine upon which
thousands upon thousands Of dollars have
been expended in eostly machinery. deep
shafts and numerous well.prosPected levels
without developing paying bodies Of ore Is
not worth so much as . good location Of
virgin ground with neither machinery nor
shaft 10 recommend II. The one 10 proven
to BE- worthless. while the other Is not.
The mine with the good location 10 the one
most likely to develop something valuable.
A for the prospects and yiold Of the
BONANZA mines. there Is Of course but lit
tie 10 say. a. the bullion shows for itself.
and tho regular dividends follow. The
bullion yield from the Consolidated Vir.
GINA and California for the past month
show no falling OF; and the payment OF
the regular dividend Of 81 by each 10 fully
secured and assured. Tho ore Sec
tons hold u splendidiy. with An
abundance Of tho bullion material
in sight In all directions. and the lower
levels are showing and promising a. well
A. could be reasonably desired. The Joint
double Wine at the i6j0-foot level on the
line between tho two mines having passed
entirely through that small porphyry
horse. is now entirely in rich ore again.
being 10 the seventy-foot vein west
~ ,ha horsa II will not be mspy
Ar. ,.,o o.. an. ~
"ceAs os'"'o '"o "'"' ~ -
aud q shaft ~vill.connect with this wine, al
IN. l7jO-foot lsyel, ami there Is every res
h,,,h. ... ,.v.i lin ,,,,
SUI J" o'n''0 80
out as rich a. the present lowest OF io'o-
foot level. IL u true that there are limits
TO all bonanxas. yet this one shows size
and strength Of general character sufficient
to carry 1t to the 2ooo-fost level.
Below We give our regular weekly sum
mary Of tho latest and mos, correct mining
information. derived from Official and
authentic sources. showing the situation
a, ..eh min. ,o-Jav mn 10 the time 81
soi"s y" p''s''
Homestead.
sinking IA. new shaft Is making the
r,. ,o,,o,, 4.
u'"a' eA'''e"' P'' -
In good working srouhd' ~nieh " eAs"!
being clay insermihed win oecAs'onsi
punches OF quartz md low sIaae ORC y,eia-
ing inc oes' Q, nu..ss a.r,h. rhs .h.ft
-, ~, na ysry distant day cut the fine
lode Of ore found in the old shaft which
WAS sunk in a very early day In the center
OF the Homestead Company's ground; n
when this 10 accomplished. IL 10 confidently
expected that good ore In paying quantities
will be encountered.
a.,,,e..
Tho north drift on the 1000. foot level
IN. been stopped for several days past on
.~..o,n, a. The breakagc Of the Imperial
..mn Th;. will. however, 10 fully rem
sJiei in . day or two more and the work
a. !. liz ,..ru.J. The face of tho east
a.s.a, nm ,he i7OO.foot level 10 showing
49, ssxorable rock, but II will have o
sansiderable distance vet TO run In order
o.Nssh AZ ore yein. The south drift ON
NJ icooLfoo, level /. making the best Of
progress, the face In very favorable
ground. Sinking the main incline 10 70
ing steadily ahea''
opn'r.
Daily y'eia W tons % oi. A''P.as ~.
winfield mil s'eAuiIy running
crosscut on the isOo-foot level from the
south Wine Is in a line character Of quartz
=, x.,n u.,,ey. and In making good pro-
Wv sinLinc the Joint Mexican winze
-. ~ i-oo.f,o, level l. making steady
oe'o. Tho north and south drift.
p.v,s N. main incline On the io0O.foot