Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1875-08-29
INTELLIGENCE.
LOCAL MINING REVIEW.

with most favorable results. Inc starr
ling announcements from below have
for the las. few days been the general
theme, and the camp, whiie.no. specially
a sufferer, will probably experience a
portion of the temporary s.ringency in
financial affairs. Holders Of stocks are
lust now at sea in relation to what as
pect the market will assume next week;
the absence of all official stock reports
adds to the uncertainty, but it's proba-
BILE that the panic has reached its worst
and the coming week viii develop the
value of all classes of securities. As this
is the first serious financial panic that has
occurred on the Coast. and tho only one
since the failure of Adams & Co. over
twenty years ago, the news OF the last
few days was not generally given ere
dence till confirmed, several arguing that
the Bank OF California could not fail,
nor would its President ever commit
suicide. Though it ia now apparently
shown tina. he did not, yet it is a matter
of grave doubt. The failure and its
ticsd; Phoebe will not be materially
affected any more than the failure will
affect the entira Coast, and in fact the
Country.
RAYMOND AND ELY.
The breakage of wrist-pin has caused
temporary delay, but, everything being
readjusted. the pump started up at 6
o'clock last night. A tank station 20x14
is being built in the shaft sixty nine feet
below the twelfth level, and will proba-
bly, be finished this week. The west
wnze is down seventy-four feet below
the tenth level, the ore continuing the
same in quantity and of a higher grade;
an assay made last week from piece
taken at random gave $40 to the ton.
The usual seventyfve tons is daily taken
out, and the regular amount of work is
being done. We are glad to say that the
recent financial disaster at the Bay will
have no effect upon the company, all
financial matters being satisfactorily ar
ranged. Nothing definite as yet relative
to the transfer of the thirty stamp mill;
the site here has been selected, and when
everything is in readiness the removal
will be made.
MEADOW VALLEY
Work continuing in this mine without
much variation; are running the 1900
foot level east from the Summit shaft,
also running a crosscut southwest of the
Summit shaft for prospecting purposes.
Ore IS being extracted daily, and ship.
ments of it for the purpose of having it
worked commenced yesterday morning.
The plans of the buildings under the
hands of Geo. Ames are RAPIDLY an
preaching completion, and the stone
bulwark around the excavation for the
buildings Is nearly finished
ALPS.
The work of extracting ore still con-
tinues, with the same force OF men at
work. The ore at the Newark mill from
this mine has all been worked, and
proven satisfactory, both first and SEQ
ond-class ore. Are now piling up ore
again to have another batch worked
shortly. Shipped in bullion produced
from ore from this mine $4,000, and will
ship more by the first of the month.
The shipment Of bullion by this mine is
apretty good showing of the results OF
good management of it's affairs,
AMARIcAN FLAG.
No change of importance to report.
Will start this morning shipping ore to
the 15-stamp mill at Bullonville, and
propose to keep that mill running with
ore from toe American Flag mine, in
tending to show the public what the
mine will do by the quantity of bullion
produced and shipped. The usual force
OF men are employed extracting ore and
the affairs of this company are in very
encouraging condition.
PIoCHE NO. 8.
Drift east on ledge S6O.foot level ia in
2l0 feet, vein full size of drift, giving an
average assay of $25. West drift on the
same level in 222 feet, looks promising
Gut cross to ledge, new 960-foot level. in
10 feet, ground looks and works well
Main shaft measures 976 feet, sinking
rapidly. In the old shaft chloriders are
extracting ore in considerable quantities,
assaying $3.50.
NEWARK
Commenced to work the ore taken from
the streak struck two weeks ago in drift.
ing west from the winze below the ZOO
loot level; the streak continues about the
same size and quality, and is being ex-
Hac'eo as rapidly as possible. The 700.
;o1' level continues the same, and work
is oeIng continued as usual. No changs
~ y, no!e to chronicle in the appearance of
SILVER PEAK.
Crosscut on 2OO-foot level has been
uf'ven Al feet. face in pure quartz, ex-
peo' % cut the ledge this evening. West
siilt OK 6OO-foot level on ledge ia in a
, ass iedge "a feet wide, giving average
CHIEF OF THE HILL.
are keeping on work with the usua,
.ofce OF men; working in the No. 3 wilma.
IN the drift connecting No. 9 wiuzs with
the No. Wine the men are e,nn,ona
IN stopping. No marked change to reno.
since our last review. '''
P4oCHE WEST EX.
The usual force of men are empioved
IN drifting; survey OF the underground
workings of the mine was going ON
yesterday. 0A
ANTILLES.
A contract was let sometime ago to
luxe out the timbers of the Caroline
NINE for use in the shaft. The usual
mine. 'O"' IL '"'S
HUM AND HUNT.
a, oan report nothing till the arrival of
'ne Supt. from the Bay. "
AociDENr.-Jimmy Clark had narrow
Escape from instant death yesterday, by
oeinH thrown from n bor.a i, g..