Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-01-14
MINING SUMMARY.
Yer ii. Week E.a,.s lamar, Il.
Latest Official Mining News

The NininE situation Along che
Ceaasteek-How the Great 10.
.an.a Looks Te-day-rhe oat.
look fsr che Future, etc.
Stocks are evidently somewhat "of.'
judging from yesterdays quotations,
and the telegraph lines across the Sierra
Nevada being all Frustrated or other
wise imperative, 1t Is hard to say
whether stocks are better or worse to-
day. The break in stocks Is attribute.
bic moro to O2hir than anything else.
that having tho most extensive rupture
Of any. The universal question OF why
is IL. is rather hard to answer in view Of
the fact that the mine itself is looking no
worse. but indeed better than 1t did q
week ago. rumors Of porphyry to the
contrary Notwithstanding. We publish
assessments levied on the Lady Bryan
and Daney to-day. but that can hardly
have affected the stock market. Among
the various conjectures and causes as
signed for this sudden decline or break
in ophir. We copy tho following from
the San Francisco Post:
The occasion OF the break may be
traced directly to the rapid decline In
| Ophir. which has been one OF the pill.
lars to the sn~perstructurs that has sus-
tanned the market for some timo past.
OF course some one is unloading an i'm.
menss amount Of stock that is being
thrown upon the market in quantities
far beyond the demand. or its means to
carry. and the question on the street 10
as TO whom these large sellers are. The
prevailing impression Is that the bank
crowd is realizing Oh its largo purchases.
and in fact il is openly stated, but upon
what information We do not know. that
the 10000 shares sold by Mr.. Bald.
win to the ring some two months
since. has already been sold. The nc.
count stands most ad~vantagcously 10 the
ring, as their Mexican stock. which
they received AZ q dividend. share for
share. aud which at the rec eutly pre-
vailing market rates must have very
nearly reimbursed them for their
outlay. leaving their 0phir stock
at almost clear profit. II Is re-
ported on the street that tho Bank
Crowd are now disposing Of the old
stock, which they secured In tho great
fight with Baldwin to control the cleo
| ton. and which stands them In about
$40 per share.
The report is also current on the
street that it is Baldwin. and not the
Bank crowd, that is unloading. and that
he is endeayoring to realize on his large
Ophir interests. Baldwin has had until
within a few days some 81. 200 shares Of
0phir stock. aud has had at zone time
the same amount Of Mexican. which, II
he had realized upon it would have never
cleared him Of his first expenditure fos
0phir stock. so that his ~. 900 shares OF
stock. worth seven or eight millions,
absolutely cost him nothing. Now this
is a large amount Of property value to
lie locked up In an enterprise that is
managed by other people, in the man
agement Of which he can have no voice,
and concerning the value present and
prospective M it may develop he can OBJ
tain no information other than the man..
ayers zee fit to give him. Reck-
oning the stock sold ut an average
81 $3.50 per share, and Mr. BALD
win would realize some 81. 600, 900 in
gold coin, rather too much money, al
most any prudent man would say. to be
intrusted 10 the management OF Others.
and they not supposed to DO kindly
disposed toward the This IL the
way some 81 the street gossips put 1t M,
aud these are the oason they give for
believing that Lucky Baldwin is clean
ing up his sluicss.
There are various other shrewi spec.
ulaiions aud euesses as to the Of
the decline, yet all in that line is vanity
and veIaiion Of spirit as long AZ the
mines are all right.
Below wa give our usual weekly mining
summary Of the latest and most correct
mining information o~btainablo:
ophis.
Daily yield 260 tons, taken from tho
1900 and 1865 foot levels and the slopes
and floors between. The north Wine
below the ii85-f0ot level continues in
very rich ore, and the same may DO said
| Of the cross.cuts from the winze below
| this level, near the California line. The
cross-cuts east from tho l4G5-foot level
having gone considerably beyond the
ore bodies are in the east country rock,
| with occasional seams Of low grade ore.
encouraging further explorations in that
direction. Tho Ophir mine evidently
contains a vast amount Of low grade ore.
to say nothing OF the high grade ore de-
velopinents. and il is considered by those
best posted in mimi: matters that the
great BONANZA ''heads" within the
boundaries Of that mine. How large
the "heai" may he remains to DO
proven by further Developments.
Consolidated virginia.
Daily yield 1875 tons, from tho 1900 to
the l55O-foot levels inclusive. The orc
breasts and slopes throughout never
looked 80 well. The winze on the 1850
foot level has been sunk several feet
since last report. and continues in ore OF
very high grade. The north drift has
been extended through the mine into tho
California some 81 feet. and continues
in very excellent orc. Upraise No. 4 has
- ...sk a.a.ansN M an