Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-01-30
THE eoMsToeK.
La test Official Mining News
For the Week Ending "wednesday,
January 30. 1873.

Present Aspect and Preaiss % the
Stock Market-besaass Dtvt-
dead Prospects Jsssies-Aiea
Cempremiss-Bsiehsr Eisesies-
4 Break N Jsekst.Goed rhiaxs
hstaE Developed Latest News
Frea An the Aises Ts-aay.
The stock market at present seems pos
sessed Of considerable backbone. There
10 . small decline in some stocks md .
small rise In others. but the general aver
age Is healthy. and promising more in
favor Of q rise than . decline. The bullion
yield Of the BONANZA mines has been amply
sufficient to secure tho payment Of the
regular 81 dividend by each at the usual
time next month. Indeed. We are assured
by the highest authority that the dividends
are not liable 10 DO cut down just yet. and
perhaps not ct all for several months to
come. Tho breaking Of . spur wheel Of
the hosting machinery At tho Yellow
Jacket new shaft suspends the sinking OF
tho shaft at present. but the damage will
be repaired and work resumed day after
tomorrow. The Beleher election yester'
day resulted In the old management 70
tanning control with W. II. Smith - su-
p~erintendent.
There Is no compromise Of the Justice
Alta contention .unle.s 10 has been done
to-day. Tho sooner, that'diniculty 10 sst-
tied the better twill DO for the stock
holders In both mines. - well % for the
mining interest. generally. The orc de-
velopmeut In the disputed territory 10
good and valuable one and should not be
allowed TO lie idle any length Of time ;
moreover. the drift connections for ven
t~lAiion. etc.. between the two mines
arc needed for tho more advantageous
working and development Of each. Mean
while the present outlook for stocks and
mines Is very encouraging. Tho new
bonanza ore streak being developed east
from the 1850 Lowell Of the Consolidated
Virginia Is proving more extensive and
valuable a. further opened out. and
II is confidently expected that
when work IL resumed in the
lower levels Of tho Savage. which will Be
shortly. this same rich little bouApza ore
vein will DO found TO extsnd 10 where an
east drift from the savage will cut It,
Important news from tho developing OPP
e~rations at tho 1900 level Of tho Ophir arc
to be- expected at almost any time now.
The effect Of the present and recent storms
has been 10 raise tho water In Carssn
river. adding to the efficiency Of the mills.
and the coming season bids fair 10 DO .
good and prosperous one TO both mining
and milling interests.
Below We 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:
CALIFORNIA;.
Daily yield. 700 tons Of ore. keeping the
mills all crushing up TO their full eaPa-
cities. A snow-storm which Is raging to-
day may interfere To some extent with tho
delivery Of orc to the sacramento and oc-
cidental mills by team. but. they have .
good supply of ore in reserve. and even In
case that should give out entirely and
those two mills have tn suspend operations
for the time being. IL will not ct all inter-
fer. with the regular yield Of tho mine. a.
the rise ~ the water In the Carson River
will enable the running Of enough more
stamps In the river mill. 10 moro than
supply the deficiency should tho suspen-
sion Of work In the " mills above men
toned occur. The ore breasts ON the looo,
1850, 1900 and 1860 levels all show well
and continue IN yield the usual amount OF
rich ore. The northwest drit from the
q. A q. drift on the 1900 level. u steadily
advancing. the face In hard blasting
rock. Crosseut No. 4 ON this level
10 being advanced 10 meet and
connect with this drift. On the 1850 level
the north lateral drift from the shaft 10
steadily advancing. without change OF ".
terr-t. On the 1900 level the lateral drift
has been extended north n feet and south
% feet. and will probably complete . con-
nectiou to-day or to-morrow. The north
lateral drift from the main shaft on the
1850 level 1. steadily advancing. the face
in hard blasting ground. sinking the
WINS below crosscut No. 4 In the ore
vein. below the 100 level IL making e.
e.llent progress. The bottom Of this
winze Is still In rich ore. The north
drift from wine No. ) on the 1850 level 10
steadily advancing. the face In low grade
ore. East crosscut No. 4 on this level 10
also making good progress. The stations
At tho 1850 and 1880 levels In the large
double No. 3 Wine are complsted and the
cage for hosting has been placed In
this shait. East crosscut No. . on
the 1910 level 10 steadily advancing.
the face In clay and porphyry. The Joint
crosscut ON the north line u also making
good progress. the face In very favorable
quartz and porphyry. II 10 now In . dis
lance Of 900 feet. E~xcavzting for the new
station at tho 1850 level Of the q. Il U.
shaft Is making good progress.
Consolidated Virginia.
Daily yield. $50 ton. Of pre-. Tho mills
are kept steadily running and the yield OF
bullion for the month Of January will sK'
seoi that 81 any previous month for some
time past. The ore breasts In all parts OF
the mine from the 1900 down TO the 1850
Lowell continue to yield their usual quotas
% rich ore. On the 1850 level . drift east
has been started To ascertain whittier tho
new cas-, ore vein found on the 1850 level
extends upward 10 that Lowell. On the l130
level the new ore body IL widening out.
and so far ~ tested has every appearance
Of . large and permanent opening. Alarge
upraise Is being made In the ore which 10
very rich. much Of II being $50 10 $500
milling ore. The east drift No. 2. on this
level has been extended east Of the ore
vein 60 feet. at which point . chamber for
a large perpendicular winze 70 being cut
ont. This WINE will be sunk 10 . depth
Of 100 feet. and will cut and prospect the
new ore vein after reaching . depth Of GO
or 20 feet. A drift has also been started
south in the ore vein adjoining the east
wall Of the ledge. from the O. a Q. drift.
on the 1850 level. The ore In the fAoe OF
this drift Is Of . fne quality. Cutting out
the 1850 station ut the ca q. shaft 10
making excellent progress. Everything In
.n1 .hnut tina nina Ia in excellent running