Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1873-02-02
LOCAL MINING REVIEW.
For the Week Ending Feb. I, Is7;

Disease ~ New Discoveries Confi-
dence Felt in Stocks-Operations
of the Phoebe Companies.
There are in the hands of the various
bullion producing companies large
amounts Of silver, having accumulated
IN consequence OF the express COM
pany being unable to make regular ship
ments. One company has bars aggre-
eating 1,5OO pounds in weight. Wells,
Fargo Co. have resumed express trans
portation, and the immediate movement
OF these aceumulations may be expected.
Notwithstanding that the epizoo;ic has
become, or is fast becoming, general, it
has not retarded mining operations, nor
is it probable that it will. The leading
companies have been shipping ore for
some weeks past in large quantities, and
the majority probably have enough
on the ground, ahead Of the mills, to
outlast the epizootic. And then, as
stated in our last, any number of oxen
can be secured in case of emergency.
but few teams, so far, have been drawn
on on occount of the disease.
The general decline in mining stocks,
IN the last ten days, has not had the
slightest effect on the public mind here,
where the value and prospects of the
property involved are better known and
understood than in the stock gambling
eenters. In fact, confidence has been as
steadily strengthening among the stock
holders here as it seems to have been de.
Ginning in San Francisco, for the home
holders feel sanguine that nothing but
dishonest management will prevent the
great majority of the Phoebe mines,
when fully developed, from paying enor-
nous rates of interest on the capital in
vested.
Prospecting in Ely District seems to
have been stimulated anew We have
heard Of several very promising discov-
cries during the week, and small pros.
pecting parties are constantly being or
| ganized
The following summary has been care
FULLY collated, as far as it goes; we regret
mat lack of time prevented our making
1t more comprehensive:
RAYMOND AND ELY.
work in the mine Of this company is
oelng prosecuted with full forces, bring
ing, as usual, rich returns to the share
holders. There are now 400 men en-
ployed, all the drifts and levels being
scenes of activity. Between 80 and 80
TONS OF first-class ore are raised daily, and
ABOUT 81 tons Of third class-the medium
or second-class grade being assorted into
a NJ 7, and third-classes before shipment
me mill. About $50 tons are being
, @sn1 to the mills daily, the company's
rS "o mills being constantly engaged in
l ~ and the Magnet mill portion
i. Tue time. The production of bullion
enormous, So far there has been no
mpu1le IN getting teams to replace those
"n'cn nave been drawn off on account of
s spa1oo,tlc; and, Us the narrow gauge will
b oou oe IN operation there is little appre.
manon felt in regard to future ship
uehts. The seventh or lower level has
Nv, uo1 yet reached the ledge, but it is
noaght it will be reached within two
M NEWARK. .....
,ol Inc ledge cut in the south drift the
ba;" week, on its 50O.foot level, is now
v;ns worked, and looks favorable. The
te ean varies from to 8 inches in ex-
hi a and the ore assays over 5000, being
in s ~ grade. Work has been suspended
xoo .ne main shaft to timber up, but will
O on again be resumed. The shaft is
ba a. over 600 feet deep, being next to
.ueepest in Southeast Nevada. From
bo;1 ~ tons of ore continued to be
Ipa ,s ss daily up to the time of suspend
IT, LOUISE.
n; tne Anna Dickinson claim on this
wit l' is being vigorously prospected,
hon. favorable Indications. There is
be a considerable rich chloride pre- ON
len lump, which was extracted rom a
'p'h Of 200 feet.