Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-03-28

7. AAts@ 49, -
couragsd the sanyuine stockheldsr. b
who always buys for . rise. and never fo'
. decline. to think that the bedrock psriot
was passed. and that tho long looked All
hoped for "spring rise" was Jus
gently starting in. To-day stsch
are down again somewhat. and the
sanguine stoskholder Aforesaid Is cor
rc,pondingly down in the mouth. An
other style Of stakeholder IL the man VIII
merely invests for short turns. He bough'
the other day when stocks were way down
and sold yesterday. being well COMMENTED
with his nice little profit Of . few dollars
per share. He turned his nimblo penny
put 1t in his pocket. and is ready 70 80
through tho same operation again - soon
as stocks are low enough 10 suit him. Hs
never gets In TO stay. but gets out a. soon
as hs ran. lest he should get hurt. Cross
mans report Of the discovery Of another
good bonanza lying east and south from shs
present wonderfully rich bonanza OF the
Consolidated Virginia and California has
created quite q stir among tho aneosan-
guine, aud that BONANZA would certainly
DO a good thing TO have. But its exist
enec never has been practically or s~atisfae-
torily demonstrated yet. the report Of
any o~ver-sanguino expert or mining man
10 the contrary Notwithstanding. The
sutro Tunnel. however. will satisfactorily
Jsmonstrate this and kindred points. for
Il il now In 1000 feet. and fast Psnstra-
ting the regular Consiock ORC belt at .
considerable depth. All outlying ore
bodies east Of the main Comstock are
likely to 10 met with and their merits
developed by the tunnel.
The Consolidated Virginia folks are get
ting their work In we'll. and producing
large amounts Of good orc again. keeping
their mills well running. and the bullion
results have to follow. They will have q
bountifui surplus over expenses next
month. and DO fully able TO resume the
payment Of 50 dividends In May. The
nswiy-ievelopei i65O-fost level 10 be-
ing opened out in good style, and
tho ore breasted and stopped after the
usual way. both in that and the Cali
fornia ground. Justice continues her e.
ccllent ore yield. the mills are all running
and work goes ahead lively all along the
great lode. regardless Of tho price OF
stocks. Tho following telegram from San
Francisco this afternoon shows tho iiuctu-
atoms and status Of the stock Their
mtmeter.
SAN FE,ScIsco. March 2s.-The market
opened firm this morning. but after the
first sales prices sank rapidly. and at the
close Of tho informal session every
thing was exceedingly weak. 0phir sold
at a0h, Best 4 Belcher at 2Gh and ?6t,
California a. Gould 4 Curry at ia.
Consolidated Virginia a. Bullion II. and
Mexican Is. There was . general absence
Of orders. and the volume OF business
was very light. In tho regular Board
there Was q still further weakening
and prices we're generally lower. Ophir
sold at Goa. Mexican IAN Gould \ Curry
i2@i2t. California "a, Best 4 Deleher
26L, Savage @. Stocks after the Board /:
Ophir 2Oh. Best 4 Belcher "a. Bslcher
6i. Mexican iih, Savage 9, Justice llS,
Caledonia CO, Con. Virginia IL, CAiifor-
mia "a.
Below Nc 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;.
Halo q NorerosS-
The struggle with tho How oil water
still continues. sometimes the pumps
will get the control and the water will 10
rapidly lowered for several feet. then .
delay in the joint operation Of the Savage
pumps, caused by somc brsakAgs or bad
working Of the machinery. will let In .
flood that the Hale 4 Norcross pumps will
not be able 10 keep down, and tho water
will again rise rapidly In tho shaft. 1t Ia
now held in check at = point about ~ feet
below the igOo-foot station. The pumps
have run at an average rate Of CIV strokes
per minute for the past week.
Daysss.
The east crosseut on the 220-foot level 10
being steadily advanced. the face in much
moro favorable ground. Tho erosscuts ON
thu 800 and 7OO-foot levels are showing
some Sery favorable ore prospects. The
boistipg machinery Ia In tho most perfect
order, and the pumps are handling tho
.tronc f,sw Of water at the bottom OF the
shaft with the greatest ease.
Utah.
The west drift on the ii50-foot level Ia
steadily advancing toward the ledge, the
face still in very hard blasting rsek. This
drift il now in a distance Of seventy-ive
feet. Everything In and about tho mine
h. working finely and the prospecting ID
being forwarded with all the energy pos
sibls.
seiid silver.
Face Of main north tunnel showing well
in good looking vein matter. East cross
cut pushing ahead through the vein which
IL thus far rather low grade ore, with occa-
sional streaks which give good assays.
Tho work Is being driven ahead vigorously.
Prospects.
. Total length Of main west drift at the
lOO-foot level 3o5 feet, twelve feet having
been added during the past week. Face
Of drift in somewhat softer material, COM
posed Of porphyry. quartz and other gen-