Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-03-07
THEY SAY"
WHAT 0rR MINING MEN ARE
TALKING ABOUT.
Cosssiidatios for che whole Com.
sseek ssoeks Cerraied with sueh
Inteas-Mtnea 20 be Listcd In
New York, Etc.

Mining men. high in authority. arc
talking these days and OF matters Of the
sravest import. AL agree that there 1.
something in the wind, and are striving
to fathom it. As to what it is opinion,
differ. Some Of them slless most con.
adently that it is a grand consolidation
scheme for bringing all the mines. from
the Utah to the Silver Hill. under one
management with ageneral supsrintsnd,
ent and q very few able assistants. In
proof Of this they cite the wsll.knowu
fact that mines have been added one after
another TO the central groupe till but
little remains TO be done to eject the
consolidation.
The advocates OF this theory SEQ in
the present depression Of values but ad.
ditional proofs OF consolidation. The
market was lately flooded with stock 70
the value OF q million OF dollars to still
further depress prices and make the
gathering in OF securities the easier and
the consequent outlay OF capital the
less.
Then the result OF this gigantic scheme.
IL consummated at present or reduced
Valuations. would be enormous gain.
As Colonel Sellers would say. "there's
millions In it," For instance, Sierra
Nevada is to-day not up to its real. let
alone anything OF its prospective, value.
The same 10 true OF many other mines.
The brokers give additional proof that
something is up. They say that. not
x~ithstanding the dullness Of the times
aud the general low state Of the market,
/. is almost impossible to get orders OF
any magnitude for certain stocks filed.
Stocks are not scattered as q general
thing. The late crashes have broueh,
them all in except those held by strong
men who have faith in their own judg.
meLt on certain mines. What this may
presage they are unable to tell, but they
insist that these stocks have been gath.
cred in for some purpose. and they be.
lieve IL to DO OF greater moment than
mere speculation.
There Is another opinion held by
many as to the intention Of the master
minds in thus collecting the shares Of
the mines. These contend that 1t Is to
make q general listing Of them ON the
big New York Board. These men are
very careful TO distinguish between the
big board and the little wildcat concern
which OF late listed Comstock shares.
They refer TO the fact that We call the
San Francisco Stock and Exchange
Board O big board. II has but eighty
members while that in New York has a
thousand. New York has u gambling
community no less than San Francisco.
This Is proved by stock operations there.
There are mints OF money there with
which to make the thing profitable and
thousands Of men to help 1t along. In
short the field Is big and rich aud the
object Is to enter in, cultivate II and
reap the reward. "There's millions In
IT," too.
Thus while opinions Of our best men
differ As to the ultimate object Of this
coraling OF stock all agree that 1t has
been done. Many think that both ends
are in view and that the stocks are to be
listed As above aud the mines consoli.
dated also. As both objects might be
attained through the same general way
this Is by no mean unlikely. Not that
IL il necessary to gather in stocks in
order to list tho mines, but as an nd.
vance Is expected after these mines are
on the New York Board the profits will
BE- greater In proportion to the shares
held.
There are already signs Of unity Of
movement along the lode. Work Is
csntering at fixed points. This Is shown
by such powerful works as arc being
constructed along the lode. II IL only
necessary 10 cite in this connection the
Yellow Jacket new works, the O. B. n.
shaft, the North Consolidated Virginia,
As examples. Then the mines are to be
connected on the lower levels by double
lateral drifts with two tracks, drains,
etc. These drains will center into the
Sutro Tunnel II the compromise is ever
effected /; u not, to such other point as
may bs found most eIpedient and best
suited for pumping.
That there would be benefits in con.
solidation none can deny. For instance.
the work Of the Bullion. EIchequer.
Alpha. Con. Imperial, Yellow Jacket.
Kentuck, Crown Point. Belcher aud Seq.
Belcher could be more economically car
ried on through the Yellow Jacket shalt,