Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1874-03-22
LOCAL MINING REVIEW.
For the Week Ending March 81, 1874.

For the Week Ending March 81, 1874. |
We have to report that the feeling in
mining matters has improved during the
past week. There has been more life.
more attention shown and greater hopes
expressed than for some time past. In
the past few days many rumors have
been current respecting strikes in the va
rious mines. On inquiry. it was found
that there was little or no foundation for
these reports. Still, from the statements
OF the superintendent of the several
mines, matters on the whole look better
and far more encouraging than they did
week or SO since. 1t would, perhaps,
be difficult to trace ont the foundation
for this feeling, but the Effects OF it are
very visible. The depressed condition Of
the principal Phoebe stocks. render their
owners very keenly alive to the slightest
breeze of improvement or further depres.
sion. In most cases the real merits and
condition of the mines are forgotten in
feverish desire to invest or to realize just
as the stream of popular favor seem to
tend. 1t is from this cause that such low
prices obtain for the Raymond & Ely and
other first-class mines. Here is com.
pany that has never cost its past or pres.
ent shareholders dollar, paid repeated
and heavy dividends, possessing a SPLEEN
did mine aud valuable effects, and yet it
is made the sport, the plaything Of one
or two unprlncipled journals at the Bay,
who would defame anything for, or if
they did not receive a consideration.
However, 1t is useless to complain. In
the end facts will speak for themselves,
and the only manner that Phoebe has
ever obtained or retained its position is
by the steady stream of bullion which
has increasingly flowed from it's mines.
This, though much decreased from what
it formerly was, we not only hope, but
believe, will be restored to more than its
original magnitude. The amount dis.
patched this week is $40 TAI. l6. but n
s,;oh. sho,;r h., ,s;,ou;, III
e"e"' '"o""s '''' So"sns "a"
thines' not ny any means dlscouraging.
Before we proceed to describe the con-
dition Of the principal mines of the dis
trct, we desire to offer our thanks for
the uniform courtesy shown us by the
several Superintendents, and to request
tbosa ~bo wa were rnab,. 10 500 "a
-,
prepare renaoie REPORTS Oh WHICH we
will be glad to avail ourselves.
RAYMOND AND ELY.
sinl;,o hos bsor srsnanaoa ON ~.
main shaft. A station has been opened
at the eleventh or l20O-foot level. The
opening will be completed by the middle
OF the week, when a drift or cross-cut
VIII be started, but In different direc-
non to the upper ones, SO as to cut the
ledge at lar less distance from the
smart. on the tenth or loOo'foot level
they are drifting on the ledge, and find
some good ore on the foot wall. On the
ninth ievei drifhns towards the Phenix
me- ana VIII shortly commence TO run
cross'cut Tor the ledge. On the seventh
and eight levels stopping is going on, and
IRON 81 10 Az tons OF ore is being taken
,,;o;,t;.,, ~. -, 49, ~
by the contests with the Phoebe Phenix
and Kentucky. some good ore is beingey
tracted. In other r.snects The nine ia
going on as usual. The mine ia in .Ycel.
lent condition nrosnectino ia go;p, On
very ranidiv AMI wa Laya hnt ,.t,ia VOC
son to doubt that The Rsymond 6 EIy
will remain king min Of lie EIvs "a ;ts
enemy the Cbronicle has bean ni h
70 st,io IL ''e' Nas wen p'e'Se''
Mr.now v.,,rv
The affairs of this ;mnor,aut corroro.
alton are being well MANAGED NV Mr.
TyrrelI who since ha has nssum ~ ,h.
observation-disclosures. has snared no Mains 't 10
reduce expenses and vet 70 pronsrIv
carry on the work A. No wp pCpV ny
shaft has attained vertical denlh Of
1901 feet from the surfacs From n ,h ~