Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-04-04
THE coMsToek.
Latest ofrlcial Mining News
Tor the Week Ending April 4. 1917.

osocks Beardesed Again - WHATS
the Natter :-When % the Coed
Time Coming shs Mlnes
Have 20 Hay On The Bahiees
To-Day Bonaasa Premises -
Opeaing Out the lsso-fsos Lsvsl-
Plenty OF Rich Ore h sight
Millions Exposed and Future
Dividssds Assured.
During tho past three or four days the
outcroppings Of . nice little ''spring rise"
have been very gratiiyingly manifest, and
everybody was beginning 70 think that
''the good time coming was Just starting
in. To-day every man who looks Of tho
brokers' bulletin boards, gives . srunt.
blows his nose and walks away with his
lower Jaw dropped to the angle Of forty.ave
degrses-the regular Comstock pitch. And
everybody asks his friends. "whsrefsre 10
this thusr" Some say the whole bottom
has dropped out Of everything outside Of
the big BONANZA, and that tho outsids
mines. so to spsak. being In Q
bad streak Of luck. are pulling down tho
bonanza stocks to bslow their real value.
Others again declare that the boaaaza
folks are doing 1t all. and mashing tho
market for their own sordid purposes.
Take either horn Of the dilemma you
please. but our opinion 10 that the frt
proposition Is tho most reasonable. for
there Is no discount on the actual pros
poets and value Of the bonanza, down TO
Its present lowest level. No one Of course
knows what exists below what Is actually
developed, and remembering that all ~
nanzAs thus far found in the Comstock
have had their limits. the limits Of the
present one arc an,iously looked after and
considered by all concerned.
Good work Is being dono In beth Of the
bonanza mines, with a view 10 bountiful
production and dividends. The l650-fost
level, just opened from tho @. and O.
shaft, 10 turning out richer than many
people believe. Alargs amount Of ore 10
exposed TO view at that point. and very
rich ore at that. Tho - foot vein Of rich
ore next to the cast wall 10 being breasted
cut to the southwark. and tho other Of 70
feet In width further westward 10 also
being breasted out. This orc will average
$500 to tho ton under tho stamps,
and it is coming out through the
c AMI G shaft at tho rate Of 40 tons per
day. Some Of this orc is Of extraordinary
richness, as we can personally attest. for .
good piece taken out by ourself u day or
two since, and assayed by Ross. OF Gold
Hill. gAvo tho following rich result:
Gold. S602 % ; silver. $i.73i 63-total.
s2.3,7 IS per ton. We saw plenty
moro as good A. that. and perhaps better.
The yield Of the California nino for
March foots up to si,s3o,osi 80, which
assures the dividend Of 50 per share and
carries . handsome surplus over. Con-
sclidated virginia's yield for March foots
up to sji7.07s 81. and her April yield
will make those figures look insis-
nifcant. She will have no trouble
in paying her promised dividend OF
81 per share next month. Tho
advancement OF the O. and Q. drift at
the lCJO-foot level. toward the west wall
will BE- resumed shortly. II has from 30
to 100 feet to so. and judging from the
level above. a good vein a rich orc should
be passed through. Owing to repairs to
the pump. sinking hal TO be temporarily
suspended in the q. e. shaft, but IL will be
proceeded with again at once. sinking Tor
a new level, the which will be . point OF
even greater interest than the present
lower level.
Justice still continues her excellent ore
yield and good prospects. Overman does
not discount her promises Of q good bo-
nanza. Crown Point 10 doing some deep
and effective work at the 2ooo-foot level
going after 4 continuation Of that rich bo-
nanza she oncc had and which 30 many poo
pie gratefully remember. and Bullion and
LAZY Washington still promise good ore
Developments. Tho great subssrranean
flood Of water from Crossman's mythical
eastern bonanza still pervsdes the
lower levels Of tho Savage
the Halo 4 Norcross. and tho pumps
are very slowly getting The oe.'
Of the situation-very slowly. In fact
a sort 81 nip and tuck arrangement. For
the satisfaction Of those who AJAX when The
mex, good stock market will Be. We Will
remark they can look for itin May Money
is plenty. and Colonel Fair says the nnuAi
p.riol Of =. hard times" IL about over
The following telegram from San FRAN
cisco to-day explains the stock si'ua'ioh'
IAN Fn,Sclsco, April 4.--Things took
=. J.ciieI downward turn this morning.
AMI prices at tho opening were on cohslI-
iJa,si Virginia sold down 70 40a. Califor.
MIA IN i3A; Best 4 Belcher TO -, and
GonlJ A Curry TO iis. Mexican Vas weak
al I'd a anu oIutt bh~ocy
sold AT 80 and Savage at 81. There was
.till further weakening In the Board. and
prices suffered q marked decline. oPhn
sold A, ISL, Mexican iSS, Gould 4 Garry
N, Best 4 Belehsr %. California ~. Con-
soiidatod Virginia i0s. and Savage
Below We give u regular weekly sum-
mary Of the lates, and most correct mining
information. derived from Official and
authentic sources. showing tho situation
Of each mine to-day up 10 the time Of
going to press;
Daily yield. 100 ons OF ore. The orc
extracted is Of q better quality than that
heretofore produced. and the yield OF bull
lion for March will DO greatly in excess Of
tina, Of any month for the past year. The
ore Slopes on the iOO-foot level. going
north. and the COO and 700-foot levels arc
all locking we'll. On tho lOOO-foot level
the main south drift, running TO connect
with the Wine from the sO0-foot level. 10
making good progress, the face still In
good ore. sinking the winze below the
s00-foot level Is also making excellent
prOgrtsS. the bottom still In good ore.