Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-05-23

tioa Of Prsspsssing-Hew %
Ftnd Benassas - Devslspmsss
work BEING Dess-rhs Intense
Heat ~ the Lever Lsvsis-
Water Dini~aisiea -Ose and BAL
He's Yield The New Deep Shsfts
To-day. vi~w OF all shs Mtses.
Since last weeks regular report there
has been 4 nice little rise In stocks. allow
ing speculative persons TO realize snug
sums Of money on . short turn, yet II
could hardly be claimed a. . "spring
ri,s." such as most people desire to see.
and whether there will DO . still further
and stronger advance Ia somewhat prob
lemaiicsl at present. Tho market seems
to have struck bedrock and 10 drifting
and bobbing around on II in IN uncertain.
unsatisfactory manner among chop seas
and cr~oss-currents.
The worst feature at tho present time In
the mining situation ia the interruption Of
prospecting operations which prevails to =
very diseouraging extent. Not only are
the grea, majority Of small outside pros
pectins mines lying idle for want Of capt.
tai and energy to develop them. but even
in some Of tho leading mines along the
lode the force Of miners 10 greatly reduced.
and much less dead work being done than
ever before. This is the greatest misfor-
tune yet. besides being very poor policy.
for 1t is only by the expenditure OF money
and IN. steady prosecution Of costly e.
plora,ions that any Of the rich bonanza
have ever been discovered. There IL NO
rule for finding orc bodies in the new Com
stock other than to keep drifting In the
lksliest places within the walls. This
comparative Cessation Of prospecting has
the most depressing effect Of all. for there
Is a eorrespondin:ly less chance for new
ore developments. A week ago the mar
ket price Of the Cemstoek WAS about $780,
90, 900. the whole. outside Of the big DO.
nAnzA, being rated at $40. 900, 900, or the
par value Of . single wildcat mine /; yet.
who shall say that the highest figures OF .
year past may not be again attained in six
months from now. the result Of the natural
reaction from the present unjustiiable de-
preston.
Looking the mining situation squarely
In tho face. 1, is anything but discourag-
ing. II Is true that, although the yield Of
the Comstock Is to-day greater than ever
before. 1t /. confined principally to two
points. the north and south ends. yet ac-
tive development work 10 going forward
between. with excellent promise Of pros
porous results at various points. Enough
Is already known to almost insure the
positive finding Of good ore.bodies In the
deep workings Of the Gould 4 Curry.
Savage and contiguous mines. rs
we'll rs eventually in the Yellow
Jacket. Dslehsr and other points at
tho south end. The great bonanza Of
the Consolidated Virginia and California
continues its grandly munifeent yield.
and the increased amount Of ore and bull
lion from IL shows nothing for the stock
holders 70 be discouraged win. me ari'
west. frou tho G. and e. shaft. to open out
the i1jOfoot level, Is well started and Is
making energetic progress toward the boz
mama, which II Will intersect about on tho
limo 'e,"e'n tho Consolidated ana oaii'or'
al. AL /. s-.... l. l.apr aRul IN lta nre
ma ~,nA' LING sun"
WV" p" ~P"N
'us'e" 10 also s'e'''"s 'p'en'y'
'"os'"s 's'"' 80"
ih1 ".u -,
,r--.....,
~. -. -.
e.. n.I. Lin sh.ft.
"~.-u.-., A.. IT,, ..,,on ~ ,.,y.
IT. ,,m.,,,,.
anu powerful pumps VI u"''
however, will be ob,iated by tho large new
| .haft. beinr sunk to the eastward, assisted
A.. A. &c. r,,,,.i uh., 4, .hali h. s.m.
p'etd. Aoteo',r' 'nsse us'P s"a
connected with the old workings VIII nave
n very decided and advantageous effect In
A.. ..,,,,,,o, anil coolin, NJ tho Jeep
levels
mi.i..
U -. - a., 80
.ha-i.. a.. .,,,.,ion
a.. - -
o'eA'" "" N ~