Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-10-17
THE oOMsTOoK D


We copy the following truthful state
ments from Hillyer's San Francisco
Stock Report
During the first nine months Of the
present year the greater portion Of the
leading claims on the Comstock lode
have yielded beyond precedent, work
upon the vein, considered as o whole,
having proved more .lkrgely productive
and profitable than during any like pc
Rod since its vigorous development was
entered upon. Throughout the whole
of this time operationshave been pushed
with the most persistent energy and
with results that caused shares in all
the more prominent claims usually dealt
in by stock operators to appreciate at
one time largely and rapidly, the differ
ence in the ruling prices Of stocks in
the month Of July, 1865, and in the same
month of the present year, when they
had reached their maximum, being
equivalent to about 100 per cent. Du-
ring the latter part Of September a dis
position to relax the rigor with which
these stocks had been held began to
| manifest itself, since which time the
mining share market has declined with
q rapidly that might justly be charac-
terizsd as a panic, were 1t not to some
extent warranted by the existence oil
certain untoward circumstances con-
nected with the actual and prospective
condition Of the mines. That the value
| of the ore raised from several of the
moro extensively developed claims on
the Comstock lode has Of late deterio-
rated in q very marked manner, having
also in a few instances diminished in
quantity, seema i%ndisputable. This de-
cline in value in some cases amounted
to rs per cent. within the past Month.
That speculative combinations and stock
jobbing may, as usual, have tended to
prscipitate this state Of things, is highly
probable; yet there il no doubt but the
present greatly depressed condition o.
The market for the properties in ques.
ton, is mainly attributable to tho causes
mentioned. It seldom happens tina,
there are not large interests concerned
to render the slightest preteIt available
for Fastening the downfall of those
shares that constitute the burden Of
| dealings on tho Stock Exchange yet,
not always, perhaps, have parties SC
inclined such tangible, though, in reali'
ty, very slight grounds upon which &c
| base their efforts. Those at all CONVEX.
SAINT with the histerytpf these trsnsac,
ttions need not De remiaded how often .
similar condition of things has obtainet
| during the past few years. It will no,
be forgotten how frequently during this
| time these shares have undergone the
most extreme fluctuations, and that, too
with little or NO regard to the condition
| of the mines they represented.
That these mines should be operated
more with . view 10 considerations o
the future, that they should be preserved
from the unhealthy influences to which
they are now 30 largely subjected, tina
greater economy should be consulted il
all the departments Of tho business, and
finally, that the work Of exploration
should be kept farther in advance o
extraction, to the end that a safer judg
ment may be formed of their future pros
poets 10 no doubt true ; but, whateve,
policy may prevail in this respect, o.
however managed hereafter, there cal
be no question about this lode beinl
practically ins1hsustibls-as likely t.
e1tend-pressrving its present richness
to q depth Of ten or oven twenty thou
sand feet ss of one or two ; there being
no recorded sxsmplso { q vein of thiI
class, marked withal BY such %afiuenc'
and power, ever having been worked GU
in a downward direction. A point will
of course, DO eventually reached whel
the cost of raising the ores will no long
or leave a margin for profit but this
in view of the inventive genius Of tn,
age and the engineering resources tina
emergencies may be expected to develop
is a condition lying too far in the re
mote future to have any practical bear
ing on the question Of value or other
wise interest the present generation.