Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1871-10-07
The L.rs... silver Miae. 1. the
WOrld. .
rfrom The 8. =. Ala, septsmbcrS 81

Cfrom the 8. r. Alta. septsmbcrd1
The stock market was strong this
morning, and the demand for stocks
comes from a more just appreciation
Of the intrinsic values on the part OF
the public. It Is undoubtedly the case
that, for some years back, a certain
amount of discouragemedt crept Into
the public mind In relation to the per-
.manence Of the Comstock ledge. The
ors-bodies In the Hale & Norcross, the
Savage, and subsequently, IN the Chol-
lar, relieved for a time the dverse
aspect Of the mines after the rich Chin
neys of the Gould & Curry and the
Ophir had been worked out. The
original discovery of the Ophir group
gave a product of $780, 600 In ten
Years; the body of ore In the Gould
&Curry Welded $l5, 545, 935; the Hale
g. Norcross bonanza gave $5,040,O39;
that of the Savage produced $l4,4ll,-
350: the Chollar has given BIC, 2S3,5 l0,
and the Crown Point, $4,4iofo4.
Those successive bodies gave out one
after the other, and the tendency was
downward, until, a year since, Crown
Point and Belcher were barely rs per
share: say for the former mine $4,000
with all Its properties and equipments.
In November the Belcher sold at ",
and the Crown Point at So. per share
that is, $4,000 for the Belcher and
$50, 600 for the Crown Point; say
S56. 600 for both mines. Those figures
represent the amount OF discourage
ment In the public mind at that time
Kin respect Of the Comstock mines.
| Suddenly ore was discovered In the
lower level of the Crown Point, and
| this has been developed In both mines
to a body of ore which has been sunk
upon 800 feet perpendicular dcptli, OF
length 375 feet In the Crown Point
and i66 feet in the Belcher, rs far as
gone, being a length Of 54l feet. This
drift Is being driven out In the Belcher,
and the assays In Its face to-day are
1912, 1891, 1857. This has been cross
cut go feet in width, and the car sam.
| pies to-day from this cut are $ll8.
inasmuch as that the best ore Is usually
found In the middle Of 4 vein, the estl-
mate Is that this one Is at least 100 feet
wide. 1t follows that this body OF ore,
as far as ascertained In the two mines,
has 2,4S0, 900 cubic feet Of ore, or
about ! 1000. 900 tons, of which the pulp
assays to-day are. IN the Belcher, $50
per ton, and In tho Crown Point, 100
feet deeper. $40 to 800 per ton; but
allowing the average mill value for
all the levels to be $40, there Is an
apparent body of $i0,0 900, 600 In value
in two mines which were Of a market
value of $55, 900 n year since, and
which now have a market value OF
81, 900, 900. How far the whole body
of ore extends Is merely conjecture.
These figures arc very startling; they
Indicate the great and radical change
which takes place In the public mind,
forced upon Il by developments which
no one was prepared to believe In. 1t
is, Of course, a consequence that all
| the mines In that region are influenced
by this discovery, because all OF them
have, by turns, enjoyed the smaller
bodies Of ore found In the upper levels,
and all Of them may reasonably expect
| to encounter similar bodies, If not 80
extensive. It would seem from this
state Of facts In that lode, supported
by similar events In tho Ely and Eu-
| reka districts, as we'll as throughout
| the whole breadth Of Nevada to Salt
| Lake, also the Immense quartz and
gravel claims In this State nov waiting
for water, that n production OF the
precious metals Is about to be witnessed
which will at least take the croak out
of the most melancholy ravens that
ever tapped" The dispatch to the
Belcher to-day reads: "Three assays
from face Of DRIFT, 1912, $50 and 1857
assay of car samples from cross cut,
BIG; wagon samples to Petaluma
mill, $3.50; do. to Occidental, $ll9;
do. to Pacific, $40; pulp assay. ID
instant, $125; do. Sd Instant, $3.50.
Everything looks encouraging In this
NINE"