The Ely record. [volume] (Pioche City, Lincoln County, Nev.) 1870-1872, 1872-09-08
LOCAL ITEMS.
L LOCAL MINING VIEW,

4 IN the INNING interests OF our camp.
Stocks in different mines have risen to
astonishing figures; and the rise is not
due to talked-up wild cat. but to the
actual merit of the rock. We would
draw the attention of our readers to the
Chief of the Hill, Arkansas, Meadow
Valley, and Raymond and Ely. 1t has
nstohished many; but we wish to state to
the world at ls,ge, that Phoebe is the SUI
& periof camp OF the coast We have
! called the attention Of the public to this
many times, and we repeat it again.
Look at our mines, the amount of the
bullion shipments, and judge for your
selves. Many developments have been
made since our last review. and before
our next we expect to give information
to the world that will make a decided
change in the general affairs of Phoebe
and cause mining camps to stare Mt the
wealth of Ely District. We give a full
description Of many mines, as far as our
columns will admit, and will continue to
advance the interests, from time to time,
of all those claims that may merit it.
During the week Wells, Fargo e. Co.
shipped bullion to the amount of $780,
500 0l--the largest shipment ever made
4 in one week.
PIocHE PHENr1-Cnpt. T. Hardy, in
charge of this mine, has let contract to
sink shaft 500 feet, which will be used
'ls the main working shaft 1t is situated
about 200 feet from the original shaft, in
a southwest direction, and 10y calculation
the ledge will tie struck Mt the depth of
$50 feet. In the old shalt, at 300 ieet, a
DRIFT was run l2o feet. up hill, CARVING
lnihera' all the way, aud the new shaft
Stands Ill direct position to make the
strike. The contractors have succeeded
in getting 20 feet down, and in 30 days
100 feet will be reached, by which time
the hosting works now ordered in San
Francisco will arrive and be put up over
the new shaft. MIR. Hardy has purchased
the Old whim that WIS used by the Wash
In2ton Creole iuint, and carpenters are
rapidly putting it in working trim. BY
Tomorrow it will he ready. Fifteen men,
running three shifts, are sinking on the
ledge, and we expect to see large bodies
of fine ore placed ON the dump shortly,
Mr.. X. II. Rogers has succeeded admira-
bly, in San Francisco. The mine has
/ been incorporated, and the entire work
ing capital of S25, 900 taken by influential
parties. The stock will be issued thi.
coming week, md Immediately placed on
the market. We gave the pnblic an ex-
tended notice of this mine several issues
back, and since that time great chanye
has been made. The. ore is coming IN
i'll larger bodies, and is Of very rich
character. We cannot say too much in
Its praise. The mine has been incorpc-
rated under the name OF Phoebe phe-
NIX 1t will be noticed by our adyer.
tlsins columns that the State Bank of
Nevada has "a subscription book op.n for
the sale Of this stocs. About one-nn!f of
the stock has already been subscrb. d
for. and the books wi probably be closed
SOON. 1t is splendid speculation, and
we would advise people to take the rest
Of the stock at once.
NEWARK. On Friday last we visited
the Newark mine, on Panaca Flat ne.
companied by Mr.. Watson, the Suprr!n-
the works, 30 by 80 feet in size. The
gailows frame and the general work is
not OF the fancy gingerbread kind, but
good and substantial. The engine, of
ao-horse power. runs nicely. The shaft
Is now 300 feet in depth, and the con-
tract let on the Goth of last month for 100
1tet is progressing rapidly. there being
about 80 feet more to finish. The New
. ark has been fortunate; from the time
1t first struck pick the ledge has been
constantly in sight. The ledge matter is
about two feet in width, and the ore of n
r'ch-gray appearance, intersp rsed with
me galena The shaft is verticle all the
way, and timbered in frst-cl.ss stvle.
At the depth of 200 feet winze (wesD
was sunk 400 feet, with about one foot of
GOOD pay ore, assayiny from 5000 to
SZ,oOe per ton. Several tons were taken
cut, and can be seen on the dump. From
!he present appearance of the main shaft
II Is evident that ut q certain depth the
VINE and main lodges will connect.
other improvements are being made,
snch as building tanks and laying pipe
70 supply the engine with water. The
active manner in which Mr. Watson has
carried out the work on this mine, and
me favorable report he gave, caused the
STOCK to fiuctuate considerably. By pri-
fate dispatches, and from the stock re-
port, we find that shares sold readily in
Sun Francisco at 81 within the last two
days. Further notice will be given of
the Newark in week or SO, as it is ex-
pected rich body OF ore will be struck.
ARKANSAS misunderstanding to prom.
Use in our last issue, we made trip to
the Arkansas mine in company with the
Superintendent, to see the rich strike
made on Thursday last. Since our Inst
visit they have been stopping out ore at
the first level and have large amount of
ore IN sight at the 125-feet level. There
IS another large body of rich ore which
Is being rapidly extracted. but the cream
OF everything is at the 25O-feet level. in
the west drift, where the ledge is from
~ TO feet wide, averaging from S594
20 Ses9 per ton. The ore from which
the abcTs assays were made was taken
= from the mine by ourself, so that we
could not be mistaken. The average of
the tn body of ore in the mine is $19S so.
The above strike is ono OF the most i'm.
portant made in the camp, and shows
TINT other mines west of it are liable To