Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-01-16

1000 uf0Nsl =
sspsrtatsadeat Fair OF h Calf
Ssrsia Miss Az Able aud later
r.sisx Doeuasest- Latest ntaisx
News OF Inc Day.
Immediately upon the heels oil our last
regular weekly report came . tumble In
stocks which was as lively and disastrous
A /, was unexpected. Alta did IL. and II
/. no, necessary here to recount the Agra
waiting particulars TO any grea, extent.
| on Wednesday. the date Of our last report.
Alta stood a. high as $40 per share.
with every prospect Of . still further
rise, but 1t closed that evening
weak and declining. The next day
Il was still worse. and . regular panic set
in. eliminating on Friday. with the stock
a. low as 81 per share. Disappointment
In the expected orc development 81 the
1850 level. just being reached by shaft and
| drift, seemed To 10 tho cause. but the
trouble really consisted in the fact that the
outsiders. the general public. hal expected
too much. aud set tho price OF the stock
too high ; fully double whatit should have
been. Tho trouble in Alta very naturally
affected the entire list. aided by the
recommended decrease Of dividends In
| Consolidated Virginia. Since then the
market has revived considerably. Ophir
1. up again on ths strength OF prospective
developments TO 30 made on the 1900
level shortly. work being fully resumed at
that point. The Alta orc development iss
good one Notwithstanding all prejudice
and trouble to the contrary. and will so 10
proven IN DO In due time. For the last
two or three days hired fighters have been
living on their arms on both sides Of the
point Of connection about being made be-
tween the Alta and Justice. The disputed
ground 10 included in the famous Zone
dollar deed" given by the former Trustees
Of the Justice 10 the Alta. No fighting or
killing has been done as yet. although ru'
mors Of the same ill the air to-day. A
compromise Of the matter will doubtless
be arrived at. and the trouble DO settled a.
II should be. in the courts.
In another part Of this paper will be
found the annual report Of Superintendent
Fair Of tho California Mining Company.
II /. a very able, elaborate aud interesting
document. highly ereditAble and s~a,isfae-
tory TO all concerned. The annual meet
ing Of the company takes place In san
Francisco to-day.
Below We give our regular weekly nm
mary Of the latest and most correct mining
information. derived from official AMI
authentic sources. showing the situation
Of each mine to-day up To the time Of
going to press;
Work 1. being driven at q lively rate In
every part % the mine. the developments
on both the 1850 aud 1850 levels being
pressed ahead at all points with unusual
yirnr. On the 1850 level the ore vein Is
being prospected both north and sou'h'
the ore on the foot wall of tho lelse being
stripped by the drift Cor = distance OF 10
feet or more anil showing avery handsome
appearance. Its thickness at q point 33
feet north of the Justies line IL about y
feet. The ledge at that point il about 10
feet In width. On the 1850 level the west
drift cut the ledge at . distance OF lis feet
uom AZ. .h.n Thi. di.tance. preyious 10
reaching the ore vein. was soft porphyry
allied with clay slips and streaks OF quartz
After striking the ledge me dri. p.ne-
ua'ed lou w" wi,n,a II mart and nor.
pbyry carryin, but = small amount Of low
grade ore: The west drift Was then stopped
n . dri,r s,Ar,eu nos N ~ ~, ,hs
az. having widsned out 10 four Jeet and
as.aying from $40 to SEQ per ton. Sinking
the main shaft Is being pressed i9rwaiu 10
the most ,nergsns manner .on,isrss -,
,hs ..ms lin A. where 1, has been opened
on the ii56 level. the shaft must pA.sI
into II In the next w or W iset. Inc snA,'
Is now down % iee' pe ,,ons MI.
Inc nov y, sAn' =. ias rhs ola
ess,iy nAnuieu " ~. ~
ouiiuins owe, 'no sA. ,,..h uora eom.
torn down anu new Anu nx...s.J
modious ons has been eressu ~ =.
A splendid new sAnoNs i'su',' "Sn.
height, mas oeeh irAm,u. su0s3 ~
old frame IA being tAAen a1 rn NJ oss
new o ereeted ~ iy sss.a .ns,son .nJ
dump = last Appfoschlns ,n"is nv
s,erytnips ~ 49, .na 10 ,hsra h
u business VA ih.snne' I ,hsw vers
BONANZA wi,n,h "'i "" "' -
going 10 hna
California;
Daily Weld, COO tons Of ore. The mills
.n.,., .,5 ara turninp
are All running USUAL 49,
out the regular amount OF bullion. Inc
ore .tope- on the 1900, 1850, 1000 and i650
,s-.,-..a v,.,a,ny vooa ore In every psrt,
liza =, ,hs ..ms
49,, %, u,nv month. IN come. On
.a- ,s,o ,...I an. ...t ero..cut on The