Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-03-06


| -
The stock market has been very prom
ising for q healthy rise until tho last day
or two when a slight decline set in, In
duced doubtless by adverse reports ~ TO
mining prospects and especially tho iood
| Of cold water suddenly met with
In the Consolidated Virginia mine.
This Hood. however. turns out 10 BE-
nothing serious. Tho reported ailapidated
condition Of tho main shaft Of that mine
also amounted 10 nothing. Tho repairs
arc going steadily ahead and there will 30
no stoppase Of the regular ore-hoisting
through II.
Tho sutro Tunnel is steadily pushing
its way into the heart Of the Comstoek.
anil will soon DO into tho savage work.
ings. No definite arrangements have yet
been made with the Comstock min
ing companies whereby the drainage.
ventilation or other possible facilities Of
the tunnel in working tho mines Of Tho
lcis may be utilized. As these benefits
are male apparent. however. some benef-
| ciai arrangement will doubtless 10 arrived
at.
The connection between the Hale 4 Nor
cross and Savage At tho 1000 level 10 SON.
picted. giving important ventilation. the
air draft being down the Norcross shaft
and up through the Savage. The drift
connection between the Justice 1000 level
and the $50 Of the Lady Washington 10
also completed, giving ino ventilation TO
both mines at that point. Tho recent fine
oro development in the Justice still looks
and promises we'll. Notwithstanding tho
depression Of the stock.
strong sensational scare was published
by our evening contemporary day before
yesterday. In regard 10 the Consolidated
Virginia shaft being so badly out Of repair
a. TO neeessitate its shutting down for
repairs in . very abort time. This. we arc
happy To state. 10 not tho case, and that
tho plan Of repairing tho shaft recently
adopted by Colonel Fair has succeeded 80
admirably that there Is little or no expec-
ta,ion that n stoppage Of tho work will
occur for that purpose for . year yet 10
come.
Yesterday smorning . strong dow oil
water burst into tho Consolidated mine
twenty feet above tho 1900 level. which
again startled the entire Comstock. This.
We are happy TO state. Is. at the time We
~ To prc--, not only under the most com'
| plete control Of the Gould 4 Curry and q.
4 G. pumps. but 10 steadily decreasing In
| volume. ~ that no farther trouble what
ever may be unprecedented. The winzc in
| cros.cut No. 2. east % the new ore boiy.
is expected to cut that body in a very few
days more.
In the ophir the eross.drift on the Cali.
tornia line will bs completed in i've or six
days. At about nie same time tho east
4 III from the bottom Of the Mexican
| Joint winzc ON the i9Oole,el and the north
| drift. will BE- connected. when everything
will bs in readiness TO commence the
long deferred c~roseutting of tho famous
east vein.
The grca, bonanza ia yielding unusually
we'll at present. California. especially.
will carry over q healthy surplus after
paying her regular - dividend.
The first iustalment Of tho heavy
machinery for tho powerful now
pumping.engino Of tho Yellow Jacket ar
rived to-day from San Francisco aud tho
rest is being shipped and on tho way.
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 IN tho time Of
going to prcss:
Csiitsraia-
Daily yield. $50 tons Of N Tho ore
stopcs ON all the levels from tho iSOodown
to the 1850 level arc looking we'll and
| yielding the usual quantities Of rich ore.
| The mills are all running and tho bullion
| yield for February insures the payment Of
| the regular monthly dividend Of 81 per
share. Tho mine could hardly show bet.
ter, there being vast bodies Of ore dsvel.
| opcd on the lower levels that are almost -
| yot untouched. During the week west
cro-scut No. 6. on the 1850 level, has do
velopcd . new body Of very rich ore. prov
ing a steady continuance OF the rich ore TO
tho northward OF the lower levels This
taken in connection with the TACT OF
the ora having been prosPected
in the Consolidated Virginia Almost 10 the
Best 4 Beleher line, looks a. II the great
ore bonanza In the two mines. instesd OF
contracting. wNs again gradually widening
out aud extending its boundaries both
north and southwark. Sinking the 0. 4
o. shaft was stopped yesterday morning
nv . sudden inburst % water on the 1900
| level Of the Consolidated Virginia mine. |
| which was 30 strong that IL va found
| necessary 10 divide 10 and carry . portion
10 the Gould 4 Curry and . portion TO b
Z. a q. shaft. 80 ~ not 10 Interfere with
| tho working of the ore breasts in either
| the California or Consolidated Virginia
| mines. Tho east drift on the 1900
| level from tho bottom Of Wine No.
J il steadily advancing. the face
in quartz and other vein matter.
The east drift on tho i7;0 level has nearly
reached the point at which II IL intended
| to start . WINE downward 10 prospect for
| the east ore vein % the Consolidated
Virginia and Ophir. and 10 connect with
tho 1900 level Of tho latter mine. On he
1850 level the connecting drift with the
| @ A q shaft IL being retimbered and put
in the best Of working order. The north
| drift ON this level from tho Consolidated
shaft Is making steady progress, the face
In hard blasting rock. Tho east lateral
drift east Of the ore body on tho 1000 level
10 nov fairly connected with the ore slopes
by means u cross drifts, and 10 now used
as the main working drift on Thai level.
| The north lateral drift on the 1850 level
| continues In hard blasting rock. Tho
northwest drift from tho Q Q shAft on
| the 1900 level has been connected with
cro-.cut No. 4 for ventilation and working
purposes.
Ysilsw Jacket
The repairs to the main Wine which
runs down TO the 220o level are actively
| going forward. and as soon ~ completed.
sinking the winze deeper will be COM