Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-05-09

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satro Tunnel Royalty - seath
End frospeets-Ths Geseral Dat
lesk asd Details Of shs aisuasiea
To-Day.
Still gravitates the stock market In its
wavering yet ever downward career. The
bears have become surfeited TO their
hearts content. and are even inclined to
abandon the feast. leaving the market to
gravitate n u pleasss. Confidence 10
totally demoralixsd and nobody cares to
invest any moro. even in the most ap-
proved and substantial stocks. Groupings
Of bedrock appear hero and there, yet
nobody seems I know whether the main
bottom is actually reached or not. Even
the manineent dividends just declared by
the two bonanza mines, aggregating
s 2.ieO. 900. have no perceptibls good effect.
but are regarded with apathy. and
tho stock Of both those mines have do
clined even in the face Of the dividends.
There 10 neither sense nor reason in all
this. anil = good lively reaction and adj
vance must set in before long TO compen.
safe for this unjustihablo depression.
Many people. eager To see some CLEAN Of
hope from somewhere, express tho idea
that the sutro Tunnel will oon prove .
beneficial agent in aneliorating the situs-
ton yet that cannot we'll be, for -
IL has only progressed 225 feet dur
ing the past month, and II has 5000
feet yet to 90. 1t will take at least eyear.
at that rate. to complete IL. A the
Nkws has heretofore stated. and fully be-
lieves II will then be Of great benefit and
importance In the deep working Of the
Coms,osk lode. the more especially As its
old claim to royalty" or tribute from
the ores Of tho Com.tock 10 forfeited and
annulled. In fact, tho recent decision Of
the United States Supreme Court in tho
bonanza bullion tax suits, says that "ores.
after they are extracted are absolutely the
property OF the miners. and the United
States has no interest In them" conse-
quently those ores cannot DO lesislated
away from the miner or mining COM
panies for the benefit Of the sutro Tun-
mel Company or anybody else.
Meanwhile the l6J0-foot level Of the
great bonanza Is yielding more and more
Of the rich ore as further opened out.
Tho south drift into the Consolidated
Virginia will connect with the deep Wine
Of that mine in about . week, when much
better facilities for ventilation and ore e.
traction will be afforded. The northwest
drift into tho California mine will also
DO advanced to where 1t will give addi-
tionai facilities for ore extraction,
and ventilation will 10 improved
BY q drift being run to connect
with tho ophir mine. The 100
foot station Of the G. and c shaft Is open
ell. and drifting west toward the bonanza
/. commenced. That the rich ore body ex-
tends to tina, level and will DO intersected
by this drift. there. IL no reason to
doubt. At the south end. or Gold Hill
section Of the great lode, the chances for
new and good ore Developments continue
encouraging in the Yellow Jacket. Crown
Point. Delcher and ~neighboring mines.
Tho deep workings have been carried 50
far east. that II Is plainly to be
seen that ION Of the shafts are located
far enough In that direction. and should
. strong body o. water be encountered In
either Of the mines mentioned. 1t could
not be easily managed with their
present works and appliances. For
this reason. the deep explorations 10
the eastward. although In very encourage
ing ore indications, arc being very eau
tiously conducted.
Below we give our regular weekly sum-
mary Of tht latest and most correct mining
information. derived from official and
authentic sources. showing the situation
Of each mine to-day up to tho time OF
going to press:
North Consolidated sirginia.
The new station q, the 1900. foot level IL
completed. ani q drift started to cut the
ore vein at tina, point. Sinking the main
shaft has been temporarily suspended.
pending the opening % the station and
starting tho drift at the l3OO-foot level.
Everything In and about the mine IL In the
best o. order for . steady prosecution Of
the devslopments. and IL seems hardly
possible, that the new level now being
| opened will fail to find valuable return for
all the money ye texpended ON the mine.
Anliisa.
The north drift. on the 2OOo-foot level.
Is making steady headwAy. the face in hard
blasting ground. The face Of the east
drift, on this level. Is in porphyry Of .
favorable character. There arc no im-
poriant changes 10 report Of the prospec-
ting operations on the i100-foot level.
The east drift. on the iG0O-foot level, Ia
steadily advancing with favorable pros
poets ~ soon reaching the ore vein. The
north drift. ON the l5o0-foot level, IL being
pushed steadily ahead.
Betetssr.
Daily yield 80 tons OF ore. There 10
little or no change in any OF the ere
producing sections VI the mine. The
prospecting drifts on the ic00-foot
level TO the southwark show no new or i'm
portant changes to note. Sinking the
main incline Is making good Roadway.
The flow Of water IL still quits strong.
Sinking tho combination drain shaft 10
making the best Of progress. The east
drift ON the i9O0-foot level 10 being pushed
rapidly forward to cut the main ledge at
that point.
Mexteaa.
Tho quartz and ore in the up-rAise from
the ii65 foot level continues OF . very ilne
and encouraging description. Good head
way Is being made with the raise. the en-
tire size Of which Is in quartz. The north
east drift on the li6j-foot level Is being
driven steadily forward. the face still In
favorable ledge matter. The east crosscut
from the north drift ON the i7OO-foot level
has penetrated some very fine quartz and
10 being pushed rapidly forward to pros
pect the main ledge.
Justice.
Daily yield 400 tons OF ore. The ore
go. ,La coo -O0 anil sOO-foot levels