Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1873-06-01
LOCAL MINING REVIEW.
FOR the Week Ending May II. 1873

me Nause-better lihes Ahticie
pated - New Interpretations - The
Nhediye -The New Mill at High
lnnd-Stoek Neutrality-suspicious. Of
Phoebe Companies.
During the week there have been no
important new developments in the
mines of the district, and no change to
note in the general business OF the camp.
Although old residents ION the wing
write back from different directions that
Phoebe is a livelier town than any other
they have encountered in their travels,
we are suffering from general depression
in every avenue of trade and business.
Money, rs a circulating medium, was
never scarcer in Phoebe than at the pres
ent time. And the cause Of this string
ency is easily accounted for. The great
majority of our miners and mechanics
have more or less invested i'll mining
stocks, which they Will not dispose of
at the present quotations, and they make
new investments in this line vs. fast as
coin comes into their hands to invest
As soon as stocks come up to anything
like their intrinsic value this numerous
class of spectators will sell, when
money will again be abundant as cir
culatins medium. We can only wait
and hope
New interpretations Of some very prom
ising mines are being talked Of and will
probably be consummated 1t nm early day,
which shows, notwithstanding the dull
ness of the times, that the industry and
perseverance Of our practical miners are
steadily extending the limits of the min
eral field, The paper Of one new incor-
poration has made its appearance since
our last, the Khedive, and its advent has
caused no little comment in specializing
circles We notice the name Of Judge
Delos Lake on the certificates Of stock as
President. We shall better inform our,
selves in regard to the prospects Of the
Khedive at an early day.
The new mill at Highland, owned by
the Mendha Company, has been
running successfully for three or
four days past, and the opinion is
general that the cleanup will fully meet
expect tons. This is encouraging
Highland district is in extension of Ely
district to the westward, the Mendha
mill being only three miles from Phoebe
in n direct line, and the district embraces
q large number Of strong and well-defined
ledges, the development of which would
give employment to several hundred men.
All the companies interested there will
begin development at once, should the
Mendha mill make Il successful run,
another mill will at once be erected by
the Highland Mil and Mining Company
The quotations for leading Phoebe
stocks have been advancing since the
middle of the week, and at this writ
ing the general feeling is a little moro
hopeful 1t may be that We are in tn
dark hour preceding the break of day
Operations for the week in the majorit,
of our mines have been satisfactory. TIL
developing prospect, beyond a doubt, i
brighter than it ever was before.
AMERICAN FLAG.
Ore is now being extracted from tn
first, second and third levels of the Ar
kansas ground, now part of the Ameri
can Flag mine, and also from the fourth
fifth and sixth levels of the American
Flag proper. The main shart is bein
sunk night and day with eight-hou
shifts. Drifting is being prosecuted fror
the fifth and sixth stations. During tn
week the American Flag mill worke
thirteen tons OF ore from the Washingto
aud Creole mine, which was worked u
to SO per cent of the full value of tn
ore. The claim that this mill can wor
mp to as high n percentage as any mi
in the district is well founded. Th
affairs of the American Flag Compan
could not be better shaped.
CHIEF EAST EXTENSION.
Sinking the main shaft to connect wit
the Chief of the Hill for air; will tai
about II week Some good ore has con
in on the foot wall during the week
WASHINGTON AND CREOLE.
The recent strike in this mine is no
fairly opened. The ledge has bee
drifted on 10 feet, east and west San
or as before eported-assays averaI
about $li0 to the ton. About ten tol
Of ore are being hoisted daily, but Il
working forces are soon to be greatly i
creused. The incline is now down G.
feet, and sinking on it continues, ar
will continue until a depth of 900 feet
attained. There are now $50 tons
ore on the dump, at liberal estimat
Shipments of ore will commence as SOC
rs the Floral mill commences
run, this mill being the nearest at han
The coming week at least 80 men will
employed in the Washington and Creol
The prospects of the mine were nev
so bright as at the present time. II
result of IL tons of second-class o
worked by the American Flag mill, la
week, was S720 10, of which S54.5S W
gold. Three hundred and sixty feet mo
Of G-neh air-pipe, now being man
featured by Eisenmann d Co., will so,
be put in the mine.
AAIADoR TUNNEL.
Perpendicular shaft is being sunk frc
the surface, which is now down abe
100 feet. When depth Of 200 feet
attained the ledge will be drifted fl
Work is progressing on the shaft mig
and day. Some good ore is being {
tlacted from the old works, in all
which the ore breasts look encouragir
The Company have purchased the &c
dor mill and put in 10 stamps, and it
steadily running, giving perfect satisf'
ton.
PAGE AND PANACA.
Wnrl, 10 beipc pnehel yionrousIy II,