Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-05-15

Present. View 81 the Htoek ana
Mtstag sitaattea- Capital Nst
An Ttmtd - A.sessnsesss asd
DiStde .ds-Good Balance sheet
fsr the Past Yesr-whss the
lever Levels OF the Csmsseek
are rresatsisE hr the carrsst
Ye~r-Bsstsr 1hiags - sight
C~heestsg 0ieans. Of Hspe fsr she
Future Latest Onieiai Misisx
News.
We are all able to recognize the fact
that the stock market has reached an al.
most unprecedented stage Of depression.
and the bears arc pressing their advantage
to the utmost. Even the small temporary
tiood In the lower level Of the Julia they
have seized upon as another weapon In
their INSCRIPTIONS hands, and they have
succeeded in making small capitalists
more timid than ever. The heaviest CAPT
tai employed. that Of tho bonanza folks.
however. shows'.no signs Of timidity. Is
eyincci in the ophir and other mining
besei'pheuss WuiSu ~ A'ea Why
Ing forward and bearing the greater por.
ton Of the burden. Beleher levies al as
se-smcnt Of . dollar . share. otherwise.
as sessmenis are scarce. In fact scarcer
than active and extensive mining develop
ment would warrant. for such things cost
money and plenty Of 1t. Both Of the great
bonanza mines, after paying their recently
declared dividends. carry over surplus
money enough to pay their next dividends.
anL 1t will DO but . few weeks before the
repairs to the Consolidated, Virginia shaft
will be completed and the munificent yield
u these mines will SO on a. before.
Daring the year ending On tho first Of
the present month. the aggregate amount
u assessments on tho mines Of ths Com
stock was SO. 5a9. iCo. and tho amount dis.
bursod in dividends by two Of them. the
Consolidated Virginia an d California. dur
Ing the Same period was saj. s29. 900, or an
excess Of 49, O0.5i0 more than the
assessments. which Is not . bad looking
balance sheet for tho Comstock. Moreover.
the out look for the current year 10 any.
thing but liscouraging.
Stocks are depressed. hut the mining
situation does not warrant any such con-
dition Of the market. Tho sterling facts
are ia at In almost every deep level recent
ly opened the old Comstock vein ID show.
ing a decided improvement; the barren
break and mixture Of extraneous matter
in the vein proper Is being passed. and In
all the deep mines the quartz IL showing
itself again Ina solid concentrated bodies,
with every q aiure pointing to the resump-
ton Of the rich deposits found nearer the
surface. This il being demonstrated par
ticulsrly in the 0phir. Savage. Sierra Ne
vada. Union Consolidated. Best 4 Releher.
Imperial. Alta. Bullion and Beicher.
Within the past few days the develop
ments In the Sierra Nevada on the 1000
level have shown q change In the vein for
nation that warrants the strongest hopes
Of a development Of paying ore at no
l.,.,, ~ .,I ,au l.... M
r,. a.. a." -. ~. ,ooo
.r,N. 49,
wv y" Vf1" ~
~
Aooa' s'' "''""s o''' ."' "n
tlci conclusion tina, the 1000 aud 2i00
levels viii de'e'"p q PAYING m'ne'
IN cutting ont 'he i'Oo station IN 'he
be'iS beieher JOINT WINE on 'ho 'on'o''
dated Virginia south limo . line vein OF
oro-bcaring quartz has been opened upon
where 1t WAS not looked Tor, while Tor the
past three days the north drift on the l6oo
level 81 tho Union Consolidated has been
passing through a splendid body Of quartz
and low grade ore. In = portion OF the vein
where nothing oil value wAs ever found
before.
During the past week the east arm on
tho ie'o level OF the savage Ia. osen nj
'aneed through the quartz and ore ro'
Gently struck q distance OF 70 iee'. show
ing the quartz 10 DO OF . spiendid ehar'
ae'er' the ore mostly low grade ou' SHOW
ing many spot' u ''eh su'Pnures anu
chloride mixed through H. rms 10
'eiopment Of more q nsuAi encourage
men' A. The vein u proven beyond uoao'
10 mol on'y nave rich orc oeAiins quai,ae''
ou' nA'o .'''n ~
~ ue 'uNA 'u' "'" "' pu"P'
1vO' 'A"'" ""' '
.i"'"oon' "ne" "e .A.' wa 20 speVu
u'''"'u ~
= rAp'u a~e'eioP"en' VI m' o'o ,ee
n"n - ..., ,o,. .,ox
- .-oao.n,,,,., mart torm,,,on
aooo -. r. o., go. n..,
%
/. ,,o 49,, ,,no -.
i,., ,..n o,.no1 =, ,ho
a.oo - :, ha,,. a.. cro.n po,,, and
,..-.,..,,, -.
~ ~ o,.o -,
''i" '
ot The Beieher' there Is . very g"ou P'o"