Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-08-07

AE8-NGS
seen-Ths Progress OF Wsrk asd
Condiuos Of she Mtses % Date.
stocks have experienced Q general I'd.
vance during the week. with . stll strong
and upward tendency. This 10 owing al
most entirely to greatly enhanced pros
poets VI new and valuable ore Develop
menis in the Sierra Nevada, Union Con-
.olidaied and other mines. The orc dsvel-
opments In the Sierra Nevada south incline
being near tho south line Of that mine. IL
10 natural that the Union stock should also
be held in high sstsem. - there 10 not .
doubt that Union will got . alice Of the
new BONANZA.
In ophir. . brsakAss Of the pump rod
has prevented much progress for the pat
three or four dAys. 90 that there 10 virtu'
ally no new features 10 report.
The Gould 4 Curry 1900 level 10 again
drained. ready for resumption Of work In
the crosseuts.
Tho pumping and air machinery OF the
Hale 4 Norcross 10 once more in good run
ming order so that BY working In joint con.
neciion with that Of the savage the water
in both OF those mines may again undergo
. rapid reduction.
The Hood Of water In Julia also appears
to be entirely overcome. and 10 10 believed
that in another day or two. at the outside.
the 1000 Lowell Of that mine will b clear Of
water really to begin the speedy develop
ment Of the known valuable prospects OF
that mine.
Bullion 10 also showing an improve
ment. while Crown Point and Beleher are
rapidly approaching . most interesting
stage of development ON their deep levels.
Benton. Boyle and Lady Washington
have. by compromise. very ssnsibly settled
all their differences. so that now. instead
Of wasting their resources in useless Law
suits. they can 20 10 work and develops
their mines in . commensurate
with their real values. Taken altogether.
the mining outlook is gradually brighten
ing. and putting on the old time appear
Anees Of prosperity.
The following dispatch WAS received this
afternoon
I.umors are being circulated on tho
street TO the effect that . compromise has
been, or &. about being. arranged between
the various mining companies OF the COM
stock and the sutro Tunnel Company. In
volving concessions ON the part OF the
tunnel company from their previous de-
mands. At the Office Of tho tunnel com.
pany these rumors are stated 10 DO nothtng
but stock Iobbing talk. and no disposition
Is evineed 10 reccle from what IL claimed
to DO due tho company. Tn tunnel peo-
pie say that they are In no hurry ; thai the
tunnel Is not yet in working order. and
that meantime they can Afford TO bide their
time while using due diligence 10 CON-
plete the work.
Standard (Bodis distriet) declares . div
ilend of one dollar. payable August 18th.
Al the session Of the big Board this morn
ing business was very brisk. and the Board
dill not adjourn till twenty minutes 70 one.
Below VIC give our regular weekly sum
mary Of the latesta and most correct mining
information. derived from official and
authentic sources. showing the situation
Of each mine to-day up To ths time OF
going to pres.
Ophir.
Two brcalases Of the machinery have
occurred TO interfere with the progress Of
the orc Developments and prospecting on
the lower levels during the week. The
lrst was the breaking Of . balance-bob At
tho iOOo-foot station. The second Was the
pulling apart Of . pumP-rod. which o.
Cured night before last. This breakage.
along with q strong drainage Of hot water
from the south drift on the 1000 level. has
allowed the water 10 get 90 strong . bead
In the bottom Of the main incline, that II
va. necessary 10 start the water tanks. the
running Of which, along with the steam
generated, has stopped the sinking OF the
Incline and greatly interfered with the pro-
gre,. Of work on the 400 and 200 levels.
no advance Of tho drifts on either OF these
levels having been mvds for the past three
DAYS. The east drift On the 2i00 level 10
in i6 feet. the face In hard blasting por-
phyry. East crosseut mo. ~ on the
900 level 4. In 95 feet, the face stilL In
quartz and porphyry. The ore recently
encountered In this drift. although OF .
good quality. 10 not Of - compact aud pr
feet = character - that developed At the
1000 station Of the Wine. However . still
larger and better body may yet be found
farther TO tho eastward. The diamond
drill in the face OF the southeast drift from
tho winze ON this level has penetrated d.
reetIy under the bottom Of the joint vinzs
on tho south line. and 10 gradually drain
ing the water from the Wine. no that much
better progress 10 nov being made with the
sinking. The repairs TO the pump rod are
now completed and the pumps running a
usual. The repairs to the man snsi' arc
going steadily ahead. As soon - snv
ter 10 drained The nam inenns VII ~
crowded WIN IA Possio'' 'P~s1
to the 200 level
consolidated v~irgtaia.
n.u-.,.,, al ION. of ore There Ia NO
'A"' ' 49,.
change 10 reporter any " so'o s~pss
on the lower levels. Al the Q. 4 q. shaft
,bs op.r.tions were somewhat delayed
- ~. A., mar, of ,hs vsel Inv thu