Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-05-16


The OLD comstoek Chances fer
Other nenanzas- Eastward En-
pierstioss - The New Yellow
Jacket shar-Dividesds and A.
ssssmenss The very Latsss Iu-
seiixeses from All the Mines
To-day.
The long. continued and disastrous de
cline in stocks seems 10 Be checked. and
indications Of slowly-returning confidence
are apparent on all sides. IS we'll - In the
improved tone Of the market. Tho
chances are now in favor Of an advance.
Values have shrunken 80 much that there
is but little room for any further decline.
Consequently either . standstill or an Nd
vance Is now In order. Brokers who have
succeeded in holding out thus far lind
themselves doing nc business at present. ;
some find IL eIpedient " retire. while
others merely keep up = show Of business
and are waiting for the coming Of more
prosperous times. The action VI the
leading brokers and mine Managers 81 IAN
Francisco. comforting together ~ 10 the
best method Of checking tho ruinous do
cline Of stocks. a. we'll ~ 10 secure better
and more economical management Of the
mines. Is STRENGTHENING Asyood effect and
assisting very materially in the restoration
Of confidence on tho part Of everybody.
Money il plenty, and capitalists. large and
small. are As willing as ever to invest when
they 500 that their money will not DO 40
tuAlly thrown away.
The great body Of the Comstock ledge 10
scarcely even prosPcctsd ~ yet. and al
though the explorations have been extended
to tho depth Of 400 feet or more. yet tho
width Of the fisaure Ia 80 great that there
Is plenty Of room for good bodies OF ore
10 have been passed. by In tho eager en-
deavor to attain great depth. For in
stance, when the Chollar-P otosi shaft and
incline had been sunk i,tO0 feet without
developing anything worth sinking for.
the famous ''Bel,idsrs'' body. . nice little
bunch Of ore which yielded q million or
50 In dividends. MAS found in the old up
p-r workings, above the surface VI the
shaft. II was NJ named because the old
Bslvidsre Company, one Of tho early
claimants Of tho ground, hal sunk . shaft
which passed within ten feet Of this very
rich little bonanza. SO, too, sen good
strsAks and punches were found in the upper
workings Of the Gould 4 Curry mine long
after tho main shaft had attained great
depths Of barrcnness. At the south end.
In the Geld Hill section. tho ledge Is found
10 he 800 feet or moro in width. and all
the main working shafts, with their power
full surface machinery. aro located too far
To the west. involving heavy extra expense
and repeated handling In bringing orc
through drifts and inclines to the main
shaft for hosting to the surface. Even
the Justice Is laboring under this great
disadvantage. and all are conducting their
explorations to tho eastward very eau
tiously and in fear Of tapping some strong
How OF water which could not 10 easily
got rid Of with prvssnt arrangements.
The new shaft Of the Yellow Jacket, which
is being sunk 2.Gco feet cast OF the old
works AMI shaft OF the Company Is a
important move In the right diree-
ton. IL will cut tho ledge oi
near! ''VoV 'ss' '"o"
.n'ousn '"' "'.
rum, "a" "o "o'A
'nAh on'ni ""'
Aos. 'na"s',ou'y nav 80"
"o'se' nv wv"
anu 80.
~ -..-,..Ss.,
eating s2'ico'ooo' nave oeeh ueeiAieu anu
paid. and more dividends OF the same sort
will be declared monthly hereafter. II Is
-. a., .,o.,,oll.,s h.x. h.coms tirel
"u' ~
OF paying assessmeh's' anu III many W.
stances have let valuable interests 80 by
default; yet this has been induced more
h, m. l~onc-continued, DISASTROUS, demon.
alizing and r~uinous decline in stock values
than ANYTHING else. Yes, and the vast
....u~