Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-12-09

Orc-Ophir Ore Extraesien The
Rise In yellow Jaekes-CinchinE
the "BucLes shops"-Csiiforsia
Disidcud.
From tho regular stock article in the
San Francisco Post Of Saturday we eI.
tract the following:
A HOPEFUL OUTLOOK.
So far as Sierra Nevada 10 concerned
the feeling is strong and increasing that
q rich showing will be made on Its $500
level. 1t is we'll established that the
1900 level is a partial failure. and as
those who are in charge have suspended
operations in the crosscuts and are de-
voting their energies TO reach and open
a new section OF the vein. the reports Of
ore one day aud porphyry the next.
which so thoroughly demoralized Pine
street during the past month, will be less
frequent, and confidence In the general
results in the property will not be SO
badly shaken. Although no exciting
news from the Sierra Nevada mine Is
expected until the $500 level In fairly
opened. the condition Of the formation
in which the incline is being sunk will
nevertheless have u governing effect on
the market. Reliable news now comes
that the ore vein during the past twenty.
four hours has expanded or flattened
considerably to tho east in the bottom
Of the incline. This. together with tbs
information that the ore holds out In
strength and richness ss depth Is at
has aided materially In strength
ening the value OF the stock. A dispatch
published this morning contained the
following:
''rnE TERRA NEVADA INCLINE,
As it goes on down, Is still scalping the
excavations for sill timbers show.
ing that the ore body is continuous in
that direction and holds It's exceeding
richness. As developments are now GO.
Ing ON it will DO necessary for the public
to 'bide its soul with PATIENCE and to
remember what has already been ac-
,o..,I;sh.J an, ali ,ba nrograss NJ
IN, .s,,S - aoad as;J.,c.
'. ~ ann,,"n.,;am s,r.r.,h s,J .,,.nt
Of the ore body as would the crosscut
AL indications point downward.
aam,J ~ d., Sir.c,;o, Rvsrv 100,
49, hawn.a,1 ind,co,"s hull In \
80 ;wno,,.nt J;,ec,,on nan Tho same
nm 4, ,ha crosscpt Dsntb N
"sn,aS 81 Wa.L.y,s la ~ ,o;ro
49, ., A.. 49,. L'dv anJ moi 'hsn.
an ,he ton Of Il il being car.
,i.J an,
o" ,,,v ,,cu s.,x
ii"'o oeeh niaue i'o" 'o'A 'aN'n "'un
the bottom OF the incline, n wherever
tho vein has been dug into, the same evi.
Of richness are shown. The i'm.
of this ia manifested in the
nj the close. and, M we stated
IL this favorable condition Of af-
fairs continues there will be q proper.
increase IN Tue pron's " HPevu.
Comsiocl where ;-mnroyemept ia under
way, and in which the prospects, are IA.
for the finding Of ore bodies Of
.py moment. There are several feeders
Of good ore at great depths in the 0phir
mine which ars being followed IN with
the best results, and next week, we un.
lerstand. that the Superintendent will
be- ready 10 commence c~rosscuttinp ON
ooO0 level. n most importaut poipt.
Exney,s are corfiIent tbnt The fe,ders of
ma olInJsd IN abov, will concentrate
n comnaet BODY nj the last named
Isn,h.
In. work OF orc extraction at the
Opbir has progressed steadily during
The past six DAYS, aud heavy operators
inclined TO take In all the stock
they could secure on tho decline. We
understand that the brunswick mill is
10 be started mn at once ON Ophir ore,
giving a true test of lis merits. Rich 70.
suits are anticipated.
n RISE IN YELLOW JACKIE
A fsature Of the market nj the close
was n ,barp advance in the shares Of the
ysllow Jacket mine. situate nj Gold
hin This ba, been accompanied by
a,,rscia,ion in Confidence and Chai.
lspoe' which are adjoining properties.
The cause Of the advance Is v~ariously
accounted for. One theory IL that those
who control the market are trying TO di.
speculation away from the north
end for the present. and have selected
Yellow Jacket rs a lever. Then, there
rumors Of a Consolidation between
Jacket aud Confidence /; q reported inn
ON the line between both
etc. Tho bonanza firm are
known 10 have boucht largely Of Yellow
Jacket through Jack Mshcuey. Noble
and other brokers during the past two
laws. There were ouite n number of
ont in m, stock Thu @pronrie.
o. 81 ,ha to- "hrol., shons ~.
800 " 10 so,J t.as,v n, S,o nj
' "
-iis cpchhinb W