Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1874-05-31
MINING INTERESTS

MINING INTERESTS
Are in a very fiourishing state. indeed,
and every day is adding to the COM
mon prosperity. Our mines are, as a
rule, richer, better and more extensive.
as regards their ore deposits, than thew
have been known to be at any precei-
ing period in the history of Eureka,
These facts are being abundantlv evil
denccd by the amOun of ore extracted,
and also by the quantity of bullion
produced and shipped hence to New
York, San Francisco and other quar-
ters. The figures, which we give be-
low, too, showing the result produced
by six furnaces for the month ending
to-day, will add to our testimony in
favor of the above proposition, and
will, we doubt not, be read with no
little interest 10y those who have been
searching for IA place of permanent To-
cation.
Since our last report was given to
the Jubllc another maoniticent ore
body has been developed in The
EUREKA CONSOLIDATED
Company's property. This ore body
has been brought to lishti in the ground
worked by the Windsail shaft, and lies
100 feet due north of it, toward the
Richmond lines. The strike promises
to be Il very extensive one. The ore is
rich and abundant, or promises to he
so from present Indications. 1t has al
ready opened out grandlv in every di-
rectlOn in which explorations have
been made. This is another proof fur
nished us of the value of this proper
ty. The price of the stock is, how
ever, the best indicator of the conf
dence OF the public in its future value.
Stocks are again Il trifie "oif' along
The line, but neither Consolidated nor
Il * shares have sympathiZed with the
depression. The former opened on the
LIST instant at ST. and closed at Sill.
1t subsequently advanced from those
rates, opening on the DIST at $50 and
S2l12 and closing at 81 per share, and
maintained its prestige the next day,
having closed at S2lI. between which
point and the former it has since then
been receding and advancing. The
dividend, which will be declared OH OF
about the 9TH proXino, will influence
its further advance.
THE
Stock has also been tluctuating TO some
extent the past week. 1t advanced to s5f4
on the ooh and receGcd to 81 and
S4l4 again on the I'd inst, closing
the same evening at 81, and has still
further rcceded since then. There is
no just cause for this, for the mine is
looking and doing admirably. The
ore bodies, which we described last
Saturday, have opened out finely since
then. Work is also progressing with
very satisfactory results on the third
level, and the indications are strongly
in favor OF ore beng struck i'll Il Short
while in the nOrt western drift. Work
on the winZe will also soon be re-
>umed. The usual number of men
are employed at the mine.
iii RICHMOND
Has been partly shut down since tie
26th inst, owing TO the WAIT oil
proper->izcd mining timbers, and this
want is likely to be felt for some few
days. The long looked for connection
has at last been made between the
Mctice shaft and the interior OF
the mine, at Il point 200 feet south of
the former. When operations will be
inaugurated again at the mine the ore
will be hoistcd through it to the sur
face, thus doing away whit the expense
O.. time and labor, incident to eXtlac,-
ing it by the way of the RoSsiter i'll
cline and LiZette tunnel. While on
this subject, we car not retain from re
cord.ny in the most emphatic manner
possible our hearty condemnation of
the silly and injurious reports which
have been set ailOat by some evl-mind-
ed persons, regarding the sudden col
lapse of tie mine. Nothing can be
more untrue than this clnard, which
apparently has been gotten up for
some special purpose; probably with
the intent OF aiding and abettin. the
neiarious plans of ingenious persons,
with regard to- Il depreciation Of the
company's shares in London. The
Richmond was never in 4 more flour
ishing condition or more worthy of
the fullest confidence OF lis friends and
the public than, we are gladto say, 1t Is
ut present, the reports to the contrary
Notwithstanding. Work will be re-
sumed as soon as timbcrS shall have
arrived. Contractors have of lafe been
unable to supply them as fast as they
were used; hence, the difficulty to
which we have thus briefly referred.
II CHARCOAL RECEIPTS
For the thirty days ending last even
ing were as follows: Richmond, 1850
bushels; IIooSac, $4,000 bushels;
Ruby, 10000 bushels; and Eureka
Consolidated, 10000 bushels; i'll all, tor
the month, lacking II day, 523,3oo.
IL BULLION PRODUCT
For the same time, with to-day's in
Guided (Which we have approNimated
in order to give the full months re-
turns), has been: Richmond, II fur
mace 81 days and one l6 days, S0,7sG
pounds of crude bullion; Eureka Con-
>olida,ed, n furnace 81 days and one
n days, "oS, 800 pounds; lloosac, one
furnace 70 days, 100000 pounds; and
the Ruby Consolidated, one furnace
II days, 10000. These figures give Il
grand total for the month of 2.31, $50
pounds or nearly l,ll9 tons. Who
shall say that these are not encourage
ing results when we come to consider
the great drawbacks against which we
have had to contend from the first to
the present instant of the month. Eu-
rpka has rood cause to eXuit OVer