Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1873-03-23

The Gather has been mild and pleas
ant all week, and ore shipments to the
mills have again become regular; but it
will require many weeks to clear the
dump-piles of the principal mines. 1t is
estimated that the ore still at the Ray
mond & Ely dumps is worth fully
quarter of million.
There is greater activity in the local
stock market than has been manifested
at any time in the preceding three
months. The general disposition is to
change investments from one corporation
to another, rather than to make close-out
sales. Those who have invested in Ray
mond & Ely, Meadow Valley, Phoebe
and HUM & Hunt manifested an un-
wavering disposition to hold on through
all the recent fluctuations in San Fran
cisco quotations. Pacific Tunnel stock
is in quest, but seldom obtained, at the
hgm es it commanded when last on the
I.Bpas's. In short the feeling here in
rTegei4 to mining investments Is more
hon.iui than it has been since last fall.
Developments in the outside, but trib-
utary, districts, is being prosecuted on q
more extensive scale than ever before.
The Highland mill will soon be in oper-
alton, WHICH has given new stimulus to
development on the many promising
lodges west of Phoebe; and it is conf
IDENTIFY asserted by the more sanguine
that we will have formidable rival in
Bristol District, about twenty miles to
the north, before the close of the year.
The bullion shipments for the week
have been immense, Notwithstanding
only $685. 81 have been returned from
the express office. We are well assured
much more has been carried out by Other
means.
An increased number Of men are being
employed in nearly all tho Phoebe mines
SILVER PEAK.
The tunnel has advanced several fee
since our last, good Roadway having beer
made but the ledge has not yet beer
struck. The qualification of the rock
however, clearly shows that the ledge i
near at hand. The tunnel must now b
in all OF 100 feet. Considerable ore, con
sidering the means of hosting. has com
up during the week through the mail
shaft. Ore bodies good. The followin
are the assayer's returns of Silver Pea
ore assays made since our last: Min,
sample, 1923 go, on the 10th; do. $175. 2t
on the Goth; do. $56.56 and $5027 OF
the 21st; and $245.O4 yesterday. Tn
width OF the ore vein is now about
inches.
SPRING MOUNTAIN TUNNEL.
There is not much work going on (
present, aside from the sinking of I'll
shaft outside of the tunnel to cut Il
first or No. l ledge. The contractor
have sunk 40 feet on their last contra
of 100 feet, and continue to make goc
progress. The rock is getting qui
hard. The depth already attained
about 80 feet. When it shall have bee
sunk 60 feet deeper drift will be start
to the west to cut the ledge. From pre-
ent indications, and unless oil signs ia
frst-class ore will soon be struck in go'
quantities.
pIocHE PHENrx.
Some little embarrassment has be-
encountered from the scarcity Of timbe
for the main shaft. 1t is thought the
will be an abundant supply during t
week. The rock is now much soft
than it has been since commencing t
shaft, and it is believed the contracte
will be able to make feet in "a hou
A number Of feeders Of the main led
have been cut the last 10 feet, some
which assay high. A good ore DO
must be near. Developments in the {
works continue satisfactory.