Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-06-04


The Comstock has not been without
its peculiar eIcitemsnts Of late, all OF
which have had something to do with
the stock market. The purchase OF the
North Con. Virginia by the Sierra Ne.
vada, Union Con. and Mexican furnished
food for speculation and was followed
by reports that Sharon. Mills. Keene 4
Co. had taken Skae's stock account.
and at the same time had assumed
control Of the Sierra Nevada. This
lasted till yesterday, when . new
field Of excitement and alarm was opened
by tales that Mr.. Sutro had discharged
all his men and turned his mules out to
grass. This they declared to betoksn a
deadlock somewhere. Moreover 1t was
asserted that, through q defective sur
vey. the boxes Of the sub-drain from the
mouth back a long distance had to be
taken up and the excavation dsepsned
ten inches. Then the climax was reached
by a rumored change Of control Of the
tunnel. Fortunately at this time Mr..
Sutro put in an appearance, and with 1t
an official contradiction OF the whole
talk. The truth will DO found in his re.
port OF proceedings in the tunnel. But
many believed all the foregoing rumors,
said they know q terrible break was CON-
ing and rushed of and sold short and
did many foolish and panicky things.
What the result Of spreading this non.
sense will DO remains to DO seen.
The situation toward the north end is
growing in interest. This is not so
much on account OF any important dc.
vslopment or advance in work at the
Sierra Nevada as because Of the change
Of formation in the Utah incline. This,
although slight and unimportant 30 far
~ any strong present development Is
concerned. is really encouraging as tend.
ing to prove q theory long since I'D.
vanced. that the lower levels Of that
mine would show . formation OF great
value.
Ophir has pierced the apex Of its new
formation in the incline, and its friends
must wait now till a lower level Is
reached by the incline, and other work.
ings test at a greater depth the value Of
what has already been discovered.
The Imperial group and the mines
next south are making haste slowly.
There is much faith. however. still con.
tered in this part Of the lode, and time
will doubtless show that it is not mis-.
placed.
Alta is still Q much. observed mine.
Those familiar with it utterly refuse to
believe that the crosscuts about to be
run will not open q bonanza. That the
mino has ore is beyond q doubt. 1t re-
mains for the crosscuts to tell how much
and how rich.
The Sutro Tunnel will not have its
sub.drain completed till the middle OF
July, but the holders Of water stocks
must not despair. Mr.. Sutro declares
that this need mako no difference with
these mines. as he has contracted to take
their water. thus implying his intention
to do so. sub.drain or no sub-drain.
Below we give our regular weekly
summary OF the latest and most correct
mining information. derived from Official
and authentic sources, showing the sit.
uation Of each mine to-day up to the
time Of going to press:
Union Consolidated.
The joint Mexican incline winze from
the 1900 level has connected with the
joint upraise from the 1000 level to meet
it. and greatly increased ventilation on
both these levels il the result. Excava-
tons for q chamber from which to sink
a Joint Mexican winzs to the $500 level
have been commenced. This Wine will
have two compartments and will connect
with the main lateral drift $500 level. Il
will be sunk as eIpeditiously rs possible.
The main north drift, 1000 level, 10
making about 6 feet per day through
hard porphyry; total length. 37G feet.
The main lateral drift south, on the
$500 level from the Sierra Nevada in
cline, is in Manufacturing vein mat
tar. its face 100 feet from the incline.
Bslcher.
The drift east from the 27G0 station is
in 80 feet. and in very favorable .looking
ground. 1t has about GO feet further to
run to reach the vein proper. To-mor.
row q drift will be started north to con-
meet with one to DO run south on the
270O level Of the Crown Point. Sink.
ing in the incline has been resumed and
Il is now 10 feet below the 276O level.
The crosscut, $500 level. 400 feet south
Of the incline, is in GO feet, its face in q
good-looking formation OF quartz and
porphyry. 1t has not reached tho ore
vein yet as is indicated by the fact that
no water has been encountered.
Consolidated Virginia.
The west drift, $50 level. 10 now in
$50 feet and continues in hard, blasting
porphyry. The south drift, 1900 level.
running west Of the old slopes. is in 6s
feet from crosscut No. 9. It's starting
point. Good progress 10 being made In
enlarging and retimberipg the south
drift. 1850 level. connecting With the
Gould 4 Curry shaft. Crosscut No. /,
1850 level. joint with California, 10 being
advanced as usual through low grade
quartz, ventilation having been greatly
improved by Q fan set mp for the pur.
pose. The south drift, 2l50 level. is in
i2O feet and still cutting . good looking
vein formation.
MI Ain. ,.-Ih and oonkh nm fha