Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-12-23
San Fnaaci,o R@t, De-. u.

for some time to come. should not be
accepted a. an evidence OF weakness In
the general mining situation. On the
contrary, the outlook in the leading dis.
tricls aud camps has seldom been SC
promising, and we shall be much mis-.
taken il the year 1879. when fairly ad.
yanced. does not produce great pros.
perity. both as regards Developments
aud dividends to stockholders. The
present stagnation In mining stock OK.
changes has been caused by the quieting
influences which pervade every branch
Of business at this season, and the after
effects OF the late craze over the dis.
covery Of ore In the Sierra Nevada. 1t
was practically demonstrated that the
early developments In the above mino
did not justify such an enormous iniia.
ton in the market. and a speedy return
almost to first principles was the natural
result. To define what the selling
values OF certain stocks should be on
the showing made in the Sierra Nevada
Is a very difficult matter /; but II we take
the verdict which numerous operators
aud capitalists have given by their pur-
chases, the present prices are certainly
warranted by the prospects. A year ago
the general prospects were not q twen-
tieth part as bright as to-day. II was
not then known even to insiders. that
Sierra Nevada contained q pound OF ore
in its lower levels. Outside Of 0phir,
the outlook for a new discovery at
TIN NORTH END OF TuE coMsrocK
Was decidedly unfavorabls, although the
great depth at which orc was found in
that mine awakened hope in the breasts
OF our mining men. for II indicated that
the line OF production In the lode had
not been passed. The certainty that the
bonanza mines must curtail their pro.
duct in order to make necessary repairs,
aud that q suspension or reduction OF
their dividends would follow. created an
uneasy feeling among the investing pub
lie and couuteracted 10 some extent
whatever good influences there were at
work. Along the middle aud Gold Hill
sections Of the lode few encouraging
features were presented. and nothing
save heavy assessments and shrinkage
in the market value Of property seemed
In store for stockholders. The develop
ments in the Alta mine were disappoint.
ing. General distrust was apparent In
outside camps. In view OF theso and
many other things we say that the min-
lining outlook to-day exceeds In its pros
poets the anticipations OF its s~taunchesi
adherents. 1t may yet be several
months before substantial results will
attend the work Of development, but II
the list Of
DIVIDEND PAYING PROPERTIES
Is not greatly increased in 1879. 1t will
be because nature has given the lie.
And this Is why we affirm that the pres.
ent dizziness at the boards is not M
indication OF weakness in the mining
situation. Never in the past history Of
the Comstock lode has there been such
n rich showing made In the early stages
OF practical development a. Ia now seen
below the 2l00 level Of the Sierra Nevada
Il sco,,;ns alamo ibs eastern ~selvaus of
a. y.in 20 81. n, a den,b nj oyer 20
feet ON the slope below the 2200 level in
ore Of the richest character. This ore
has extended down for moro than $50
feet from the point where first en-
countered. and shows no signs Of giving
out with depth. There arc well DEFINED
Indications That the body VIII prove OF
great width on levels yet 10 ne reached
Ihe work OF pushing the Not'n Con
soiida'ed .ireihi. smart down. 30 US 10
oonnee' win ine lower isveis Q. oielia
Ne'aua, ~ gong on WIN e'ea' vsor'
Neit Apri !, is eAPsS'eu .hA' orc e.'ra''
hon from me new pohanha w,i COM
mence' anu WIN oon'ihu' N''hvu iu.ei
rupuoh; u es.esm ~ wniou .ne
regard 'ne ou,iook SHOWN
IN tue iaci 'na' out OF vV.vo snares o'
the e"pilai s.oek on wnish 'ne so assess
men' was laIeiy coiise'eu, on'y 80 sna,es
were ie'' unpaiu Nv 'ne ollco gu 'ne aay
OF saie. ~ u wen assureu 'ha' W.
on'oh mine, wniSh rs Sn'y lew me'
away rom 'ne oieiia se'aua iu,' u'
contain. q large PORTION, !, ho' INC puih'
pect that ba, given Il such promises In
the market.
orIIrh.
II was not Until the present year drew
to a close that Ophir resumed its place
amonu tina nroJuctiv. minss E,tr.c.
80.