Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-12-11

The Justtce and Trc1sn Wttttux
os--wors Progressing ~ Usual
at All Poiuts.
Stocks. although inclined to squirt a
little at times. show no strength. A
spasmodic jump Of &c To IS per share
is quickly followed by rs sudden de-
preston. A market OF this character
gives none but brokers any show to
make. They can afford to buy In guam
titles aud sell on short turns, making a
small profit. while. their customers can
not.
There has been nothing Of q startling
nature to report Of any OF the mines on
the Comstock for the week. II We may
except the declaration Of a dividend OF
81 per share. ~asgreeating $4,000, on
California. This disbursement. although
sudden. and by the public entirely I'M
expected. was nevertheless gratifying.
and shows that the old bonanza Is not
yet entirely exhausted.
The Sierra Nevads strike excitement
is gradually subsiding. and while the
new management are going to work to
develop the new bonanza in the most
perfect aud systematic manner. the few
who were fortunate enough to weather
the tempcs, and keep their stock. are
now preparing to encounter rough. chop
ping seas aud many a sharp squall yet
before they sail serenely into the port Of
success. which they feel so sure will be
their reward before another year has
He'd.
At the mine work Is progressing well
on every hand. and neither men nor
money are being spared to forward the
Developments as fast as possible. In n
short time preparations will be COM.
meneed to connect with the Utah. by
means Of a large north drift on the 100
level. A, the same time q drift will be
run from tho 2200 station Of the
south Wine Of the Sierra Nevada, TO
connect with the North Consolidated
Virginia shaft. when it shall reach that
depth. This drift will have only about
200 feet to run to reach a point directly
under the shalt.
While this Is being done the east DRIFT
ON the 1000 level Of the Union Consoli-
dated will be pushed ahead to also con-
meet with the North Consolidated shaft.
This will not only ventilats but will give
a splendid base for the development Of
tho Union and Mexican mines to that
depth. The north drift on the 1000
level Of 0phir and Mexican is being
pushed forward for the zane purpose.
The north drift from the 2l50 station OF
the q. X q. shaft will SCOT connect with
the south drift on the 1000 level OF the
ophir. aud on the south again with the
Best 4 Belcher and Gould x Curry. the
whole forming the finest connection OF
air galleries ever opened ON the Com.
stock.
The ophir has now 600 tons OF ore in
the dump. and commenced shipping
yesterday to the brunswick mill. This
ore assays from $3.50 to $500 per ton.
car samples. Opening tho 200 station
in this mine has been commenced.
The Vivian mill. ON the Carson river.
has been started up on Trojan ore. Of
which they now have a supply ON hand
Of about 1900 tons.
Very hard rock has been struck In the
face Of the joint east drift from the
Hale x Norcross. This will delay the
contemplated connection with the Com
bina,ion shaft longer than has been
anticipated.
The Hale X Norcross has levied an
assessment OF 30 cents. the Alta u OF
~, the Black Hawk, in Bodie. one Of
% cents.
Below We give our regular weekly
summary OF the latest and most correct
mining information. derived from OF.
fetal and authentic sources, showing
the situation Of each mine to-day up to
the time Of going to press:
sierra Nevada.
Sinking the south incline Wine Is be-
ing pushed vigorously forward. the bot
tom still in the same lively. healthy
looking cap formation. carrying oil the
favorable features heretofore reported.
even to an occasional rich assay OF ore
| from the bottom and sides. At the 22O0
level no work has been done Of any con-
sequence in either the north or south
c~rosscuts. The north crosscut penetrated
IA feet Of rich ore and then. striking low
grade ore. was stopped. The north drift
from this station. to connect with the
north WINE from the 1900 level. is being
pushed steadily forward. running outside
Of and parallel with the ore vein. The
water tank ut the 200 station and the
third compartment Of the incline are
nearly completed. There IL nothing
doing for the present at the 2lO0 level.
Sinking the north Wine below the 1900
level Is going vigorously forward. II is
now down 23i feet. the bottom still in
hard blasting porphyry. The main south
drift on the 100 level Is being enlarged
so as to admit Of the laying OF n double
track. The pit for tho foundations Of
the new air compressor are nearly com-
pleted. When erected this compressor
will be one Of the largest and best on the
lode. Everything working well both
above and below the ground.
Consolidated virxiats-