Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1874-05-17
LOCAL MINING REVIEW.
,.r the Week Ending May 16, 1874.

For the Week EnuinB Hh"s Ao'
During the week just expired there has
been a very decided advance in Phoebe
stocks. more especially the Raymond *
Elv though the other principal enter
nrises of this region have to some extent
shared the better feeling. This fact
sheds q brighter light on the events OF
lac, week and caused recovery from the
depression following the unexpected
domination of operations in Highland
nis,r;ct The latter seems to have been
hroncbt about by lack of precaution in
10, nroyiding sufficient means to carry
on the exploitation of the company's
mines until they became self-sustaining
or their owners were satisfied that the
mines would not prove remunerative. 1t
certainly showed sad want of knowledge
~ tbe true nature Of such undertakings,
for n company to employ several score
man and put them to work ?.thout first
having sufficient funds on hand to defray
al e1penses, independent of whatever
returns might be derived from working
ore However, we understand that
matters are IN course OF satisfactory set.
Element for the time being, so We will
turn to other topics. For the last few
DAYS some rumors have been sfoat that
the Raymond & Ely had cut the ledge on
the l2O0.foot level, and that it presented
very favorable appearance. On in
ouiry, however, at headquarters, we
were assured by Captain Day, the Super
intendent, and Colonel Raymond, that
there was no truth whatever in the re-
port. The vein had not yet been
reached, though there was every pros
pect of reaching it in the next twenty
four or forty-eight hours. In fact, it
might be exposed at the next blast, so
close were the workmen rs indicated by
the country rock. After a pretty close
examination and comparison of reports
from all sources of the various mines,
we think we are justified in saying tina.
the tone of feeling in this community in
regard to the immediate future of our
mines is much more hopeful than it has
been for some weeks, though perhaps
it would be difficult to point out any
very certain ground upon which to build
expectations for marked improvement
in prospects. Anyway, the impression
is abroad, and we sincerely hope that
events may fully justify its existence.
The value of the bullion dispatched
during the past week by Wells, Fargo &
Co. is S65, 414.21.
RAYMOND AND ELY.
The cross-cut being driven for the vein
from the 1200-foot station, has now at
tanned length of 1856 feet. 1t is now in
formation which very clearly indicates
that the drift is in the immediate vicin-
ity Of the ledge. The country rock
quartzite } looks what miners term
lively" and of character favorable to
the existence of metal bearing vein.
The drift is being pushed forward as rap
idly as possible, and is not at all improb-
able that either to-day or tomorrow news
will be sent to the trustees that the vein
has been cut. What its character may
be when opened, as no one can see into
or through milestone or solid quartz
tie, it is impossible to tell, and therefore
speculations are useless. We can only
hope that the ledge will be large and
rich. If it is, Phoebe for some time to
come, may bid adieu to dull times. in
the tenth or 100O-foot level on the west
ern side, a ledge of considerable wealth
is revealed, but the ore taken out SO far
has been of SO low grade that it would
not pay for working at present rates at
any rate, In the upper levels from the
slopes moderate quantity-say from 20
to 20 tons per days being extracted
and shipped to the mills. The other de-
partments Of the mine call for little no.
tice, as everything is proceeding in the
ordinary channels. The 80. stamp mill
is crushing ore with 20 stamps, and part
OF It's pans are working tailings on which
mill No. is entirely engaged. The yield
for the i've days last week was fair, be
ing something over SIS, 600 for five DAYS
run, The Raymond Il Ely tailings seen
mins OF wealth that is almost inexhaus
uole' With respect to the erection o
pumping machinery, we understand tina
inquiries are being made as to the feast
phity OF using compressed air as
motor If this is practicable, the ex
pense of setting up and working tn,
pumping gear would be yerv MATERIAL,
reduced. We are informed that n dee,
coai mine In Pennsylvania is being KEEP
eiear OF water by this recently utilize,
motor and that there the system work
admirably. This, of course, is merel
oa ul', and until satisfactory evidence i
onered' we do not suppose that the trus
ices oi the company would attempt t
use 'nis new mode of driving machinery
Uhe thing, however, is very certain, tina
n ether the Raymond & Ely or tn
. heauow valley companies wish to sin
.neir shatts, machinery must be obtaine
W ifee Inc mine from water, which ma
amount TO no inconsiderable quantity.
MEADOW VALLEY.
NO. shaft-No effort was made dur
Ing last week to resume sinking on tbi
su', as 1t is now conceded that it a
MeA US the Raymond e. Ely has reache
o .ne water level of this region. The eros
W.. IRON the lowest station, that is bein
H III towards the ledge, is now ~ fee
m iength, and has probably about 81 fee
lure 10 be opened before it will inter
s ,ec' The ledge. On the eleventh leye,
sue western drift is in "a and the cas-,
s ssn 100 feet. The appearance of bot
faces are about the same as last reportet
lutte a strong ledge, but containing littl
S o.e. On the 9th level, on the wester
n,ue, Stopping is being continued, workin
u Upwards ware, towards the eighth and seventh
M ~ a'so on the 520-foot level, eastern sid,
me ine eastern drift of the ninth has bee
u uLeh length of 1888 feet, and is no
PROBABLY r;, farther east than No. 5 or Sum
NO. OR SUMMIT SHAFT.
Last week these works were shut dow
. .or a few days in order to nut in n n y
reei center and fanges, and to splice tn
s sbote Work is now resumed, and III
, ,rss. Is steadily progressing; it is /
p n'es sent lo44 feet deep. The drift I tbs
n;r. icing opened to connect with IN
,ana level of No. 3 is about Is feet !
Unit IL L