Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-01-10
LOCAL MiniHa SUMMARY.
Per Il. Week Radias lamar, 10, 1879

The culmlnation Of the stock excite
ment was on Tuesday last, ophir, th'
leading stock, touching Its highes
point. s3l2 per share. On wednesda!
came a tumble-based wholly upoI
stock manipulation, aud down wen
Ophir, knocking all the others like
row Of bricks. Yesterday. however
the bottom was reached, Ophlr touch
ing $l55. The marked rallied, ant
to-day Is very strong, Oplilr advancing
to $225, with q heavy upward pressure
and every indication Of q big market
next week. All stock dealers arc cor
respondingly happy, and none neet
feel discouraged in tho least. The
trouble with the Ophlr lies not In the
mine, but In disssnslons among the
trustees. At least one Of the Board
has had q little too much to say In this
matter. and has been trying to work
things a little too much his own way.
The ophir has Jet to advance beyond
Its latest highest figures to cover the
real merits Of the mine. At least one
large and rich body OF ore Is develop
ed In It. and the stoppage Of work In
the drifts, or the reports OF adversely
Interested parties cannot work any
o Injury than the temporary re-
tarding Of the development Of Its rial
merits, and consequent depression OF
the stock. A more senselsss, unprin-
clpled and really wicked break never
was made In any one stock than the
last one In Ophir. Improvement Is
daily apparent In all Of our mines all
along the line, and every Indication
points to = lively advance and still
higher market than we have seer yet.
Below We give what we know about
the mines:
0phIr.
As this Is the most important mine
OH the list In the eyes Of stock specu.
lators,as well as those who are eagerly
and in,erestedly watching the mineral
Developments Of the Comstock ledge.
we will not pa~rticularlze upon the
prospecting operations In other than
the most important points In the mine.
The two prosecute made from the main
south DRIFT Of the l300-foot level have
developed the fact that a large body OF
rich pay ore lies at that point, extend
Ing from the first, or north cross-cut,
probably to the north line OF the old
Central ground. over 800 feet. At the
liG5.foot level tho south drift was car
ricd to within about 10 feet OF the Gen.
trail line, passing through low grade
ore till the last thirty or iorty feet,
which was In high grade ore. Be-
lug within three or four days OF :he
annual election for trustees, 1t was
deemed cxpcdlent to stop work In this
direction ; therefore, the drift was
turned At q right angle, In order to get
out Of II, but after running this DRIFT
about 100 feet IL terminated In high
grade ore, and finding It impossible to
Keep out Of good ORE. work IL ordered
stopped. The consequence was q sud
den drop In the stock, yet nothing IL
tile matter with the mine. There pos.
lively Is All extensive body Of rich ore
found la it,and trustee manipulation to
tho contrary Notwithstanding, the
will come out all right yet.
OvermRn.
Tho development OF a fine body OF
good ore In a winze being sunk from
the 1000. foot level to connect with the
main west drift on the l200.foot level,
has given renewed life and energy to
the work Ia other portions Of the mine.
The extent Of the ore In the wlnze AN.
not yet DO determined, as no cross.
cutting has yet been done. But enough
10 known TO warrant the belief that
that when the DRIFT OH the 100 loot
level shall cut the ledge, q good pay
.lno will DO developed. The maln
west drift, OH the l2OO-foot level. Is
making the usual good progress, with
out change OF interest to relate. As
as tlie new air compressor arrives
a small engine. to DO driven by COM
pressed air, will be placed at the
Of the Wine on the l0O0-foo
level, to 10 the holsting and facilitate
the sinking aud prospecting.
Belcher.
Daily yield, 500 tons Of ore, which
|, being extracted from the 1000, 1900
aud l3O0-foot levels. A connection
has been made between the drlft ran
Ming north from the shaft and the DRIFT
,outh from the Crown Point OIL the
1870. foot level, thereby giving a good
Of pure air aud thoroughly VEN
the mine to that depth. The
400 foot station has been driven ahead
from the Incline IL feet. Tho new
winze which 10 being u from the
1900 to tile 400 Is down 81 feet. VIII
commence extracting ore from the
li0O. foot level In about ten DAYS. TIE
mine IL looking we'll throughput, and
Is yielding the usual amount Of excel
lent ore. The mills OH the river are
MI running up to their full working
capacity, aud giving good returns.
Dayton.
Daily yield 90 tons Of ore, the assay
,f which Is $40 per ton. This ore
Is being mostly extracted from the
.outh slopes on the second level. and
q being shipped to the Woodward
mill OIL the Carson River for reduce
lion. The first shipment, consisting
,f 30 tons Of rich ore that gives average
OF over $500 per ton, was made
Yesterday to the Auburn mill for tbs
purpose Of getting = true working
test. The orc schultz from the first to
.hs second levels Is completed and the
extraction OF ore from that part OF the
mine commenced. New boilers are
being set for the purpose OF supplying
steam for the new steam pump. No
hing Il belny done at the present Oh
.he third level OIL account OF n heavy
low OF water which has flooded the
Dardauclles.
The marked advance In the price OF
his stock from g at the beginning Of
Inc year to rs high rs u a day or two
llncc, has given rise to some specu-
~ to the aus for such q result.