Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-06-16

Cemstsckers lneredulous with.
ous . Developmens- Tho Pro.
<rsmms d. Uaion.
People in San Francisco insist upon 1t
that We are upon the eve Of q big boom
in the stock market. but still seem to DO
doing little 10 sst 1t going or to help IL
along. There was. at the beginning Of
the week, Q long line Of shorts out, and
IL looked a though an effort wa likely
to DO made to cinch them; bat they have
had their own way 50 long that they
have become bold as we'll a. unprinei-
pied. and are not easily caught. II an
attempt il made which at Arst bids fair
to succeed, they simply rsdoubls their
efforts, and. a. II Is much easier to tear
down than to build up values, they are
generally successful in keeping stocks
down.
Still, stocks seem to DO well held. and
& bid for any great amount is apt to
start prices up q little. Bankers and
brokers at the Bay declare that they are
carrying no stocks on margins, and that
securities with which to ill are not easily
obtained. The faith Of operators be.
low in . coming boom is built principally
ppon the fact that stocks are 80 we'll and
firmly held. It is thought BY many.
moreover. that there will soon be . large
demand east for Comstock shares.
Here. people are incredulous a. to q
present boom. They look for . dsvsl-
opment before It comes on. and one Of
NO equivocal character. It may 30 made
now at almost any time. but until u is
made. few look for much improvement
in the market.
AL eyes are still turned toward the
north end as the point whence help 10
most likely to frat como. Tho pro-
gramms laid down in Union IL n OF
interest since 1t foreshadows the open
ing up Of the $500 level Of that mine IS
o Is the necessary preliminary con.
nections are made. At other points
along the lode there is little at present
worthy Of comment.
Below will be found authentic and re-
liable reports Of the mines, showing the
situation Of each up to the hour Of 60
ing to press
Union SHAFT.
The foundation for the 2500 level
plungsr pump is being put In and the
station OF that level is being opened up.
When these works are completed the
$500 station Of the Sierra Nevada incline
will be freed from water and drifts will
DO started from II to connect with n
to 10 run from the Union shaft and with
the drift toward that station from Union
winzs No. /. The work Of cutting out
the fourth compartment to the shaft
from the 1900 level to the surface has
been commenced at the drain tunnel
level, IT'S feet from the surface. and at
the 900 level. and will soon DO inaugu-
rated at the HOO lsvel, and 80 on down
Till the work will be going on at Ave
different points. 1t will take some four
or ave weeks to complete this work.
Ysllsw Jacket.
The drift from the 1928 station toward
Crown Point is making the rapid pro-
gross OF 10 feet per day and Is now ZOO
feet in length. Pump No. Is. at the
5000 level. is being put in place. The
work OF sinking the stump below this
level il intsrfered with somewhat BY q
strong flow OF water. but IL being carried
on. a depth OF 90 feet having been
gained. The pumping engine has been
moved for tho purpose OF getting 1t
waywised. and now the cylinder heads
are being taken Of and the engine put
in prime condition preparatory to run.
ming the pumps M soon % No. IL IL In
place and attached. This will be some
where from ths goth instant to July !.
There are 30 many little things to be
attended to that IL il doubtful II the
pumps will DO in operation before that
time.
Sierra Nevada.
The drift west on the $500 level to-
ward the line Of the main shaft is still
searching for the west wall Of the ledge
preparatory to raising to connect with
The main shaft. The extreme heat north
on the 24OO level still interfsres with
work in that part Of the mine. As soon
as the Union pump ct the 25OO level Is
in operation, the station at that level Of
Sierra Nevada incline will be freed from
water and work resumed at that point.
Consolidated virgisia.
Tho drift formerly run south on the
1000 level is being cleared out prepare.
tory to starting the joint Best 4 Belsher
wiuze from this level and continuing 1t
to the $500 level. The drift south on
the latter level is making 25 feet per
week, and is to connect with the joint
Best 4 Belcher winze above mentioned.
The usual output Of ore 10 maintained,
the average being about $50 tons per
day.
C~altfornia.
The pump ct the bottom Of the @. x
G. shaft will be in running order tonight.
II is jus. below the $500 level and when
in operation another attempt will DO
made to push the DRIFT north on this
level aud connect IL with that south
from tho Ophir line, and thus complete
the thoroughfare between the @. i @.
and Union shafts on that level. The
usual quantity OF ore il being extracted
and sent to mill.
Uniss Consolidated.
The northwest drift on the $500 level
to connect wipzs No. l with the station
Of the Sierra Nevada incline Is again
advancing. the work Of timbering being