Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1879-09-28

what h Mining Papers Have 70
Say Of the situation ON the Com.
stock.
During the past week there has been
little or no change in the stock market.
Everything seems to be at a stand still.
With a knowledge that this sort Of thing
cannot last-that they must go up or
down-operators are beginning to grow
nervous and impatient. Under this state
Of affairs the opinions Of the mining pa
pers below will be of interest to local
dealers.
COMMENTS OF H STOCK REPORT.
The Stock Report Of the 25th says: While
it is true that but little is known among
outside operators Of the details Of the stu
alton Of the mines Of the Comstock, enough
is known in a general way to inspire con-
fidence that everything that is possible is
being brought to bear to put the mines in
condition that he who runs may read them;
that is. that the veriest novice may see for
himself whether there are or not bonanzas
in the lower levels. In view of the wreck
ing efforts of bear experts under the sys-
tenn Of visiting days, it has been demon
strated that the policy Of silence" has
been most beneficial for the interests OF the
market. The public know that there is
ore in Ophir. in Union Con. and in Sierra
Nevada. They do not know the exact ex-
tent or value Of these ore bodies, nor do
we believe That the so-called insiders are
themselves thoroughly posted on these
points. That these things may be demon
strated requires that certain work shall be
done. This work is rapidly approaching
completion, and until it is completed ope-
rators must possess their souls in patience.
1t is our belief, a belief shared by all we'll
posted mining people ON the Comstock and
in this city, that there are bonanzas in the
Comstock extending from the south line Of
the Ophir northward to the Utah line.
That there is ore in the mines compre-
hended in this section of the lode is I'M
questionable. 1t is only a question Of the
extent Of the ore bodies and value of the
ore as to whether or not there are bonan-
zas. That the public have confidence that
the best expectations will be realized is
proven by the stiff prices at which the
north-end stocks are maintained and the
scarcity Of sellers of these stocks.
VIEWS OF THE
The Stock Exchange Of Thursday has
the following The Comstock situation is
now quite exciting but the excitement is
rather gloomy at the best. Ali the chances
are on one side. The inside probably
knows perfectly well by this time what it
has got, and what it has not, down in the
depths. We shall nave plenty of fuctua-
tons, OF course, and the indications are
that some Of the l~iveiIest will be in Ophir.
Dealing in fluctuations, however, is quite
risky work when nothing whatever is known
about the reason and just as little about
the duration of each Of them. The rest Of
the Comstock seems to be waiting on the
northend, and to be entirely dependent on
it. A northend boom will mean, not only
a general rise on sympathy, but also an in
trinsic rise in value, since, should the
Comstock prove rich at the depth at which
prosecuting is now about to be done, re-
newed hope will be inspired in the breasts
Of stockholders in other deep mines. In
the meantime the market will be left to
daring clippers, and to a struggle between
the longs and shorts and Nevada Block,
with the great body of the people looking
on and waiting for firm ground upon which
to put their foot and deposit their purse.
THE sEEREss GOV A BONANZA.
Mrs. Bowers, the Washoe Seeress, COM
forts the heart OF the Comstocker in this
manner: Between the 2,400 and 5000
levels of the California, and lying to the
west, is an immense ore body. 1t will be
found, when fully developed. to reach from
the 300 to the 8. 200 level, but will be dis
covered between the levels above men
toned, and they will take from it more
gold and silver than has ever yet been
taken from any other ore body. The ore
will not all be of one grade, but it will all
mill, from the top to the bottom"