Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-10-29
THR COMSTOCK.
Latest Official Mining News.
For the Week Ending Wednesday,
October 10, 1879.

For the Week Ending Wednesday,
October 10, 1879.
Market Movemeuts and Their Iudt-
cations - The North Esd The
survey or b Untou.Sierra Ne
vmda Line-savage seon % Como
90 the Frsns-Ths Divide nises
The soush-ssd aud she Pros
poets There.
The stock market has shown some
elements OF strength during the past
week and seems to have been sustained
by those best posted on the situation,
and consequently having greatest faith
in the mines. There have been from
time to time. and ' during the week.
sudden indications Of strength in certain
Comstock securities which to the people
here have been unaocountabls on the
ground OF new or important develop
msnts. These movements have. how
ever. manifested the fact that the stocks
Of most Of the mines ars strongly
held.
Tho situation at the north end has
changed but little since last report.
The drift south and west from thu $500
station Of the Sierra Nevada incline
still shows ore in the face. but II the
prospectings Of the diamond drill are to
be relied upon the drift must soon find
the corner Of the horse through which
Q hole was punctursd . distance OF 10
feet. The workings from the Union
shaft to meet this drift are in vein mat.
ter carrying stresks Of ore. as also is
the Union shaft ~ 1t is being sunk on
down below that level. Developments
at this point may be said to be In Q sort
Of transition state.
The survey Of the Union-Sisrra Ne.
vada line is still going on. and Messrs.
Hoffman * Craven are aided in the
work by I. Z. James. The gentlemen
are all competent and responsible and
the work will be we'll and honestly
done. One fact in connection with the
survey is significant. In the weekly
letters from the mines Saturday the
Sierra Nevada does not mention the
drift from the $500 station OF the in.
cline, thus virtually conceding that at
that time the DRIFT was in Union ground.
Il can NO longer be said. therefore. that
Union has no ore. The survey runs
some 100 feet north Of the Union shaft.
The north drift. $500 level. has been
started again in Mexican ground. This
drift, when connected with that running
south from the $500 level Of the Union
shaft, will make q thoroushfare from
the ophir to the Union shaft and be
used as q base for thoroughly prospect.
ing that part Of the lode.
There are NO particular changes in the
srosscuts Of Mexican and ophir. Their
time has not yet come. Neither have
important changes occurred in ophir or
the Bonanza mines.
Savage 10 doing good work and within
the coming week will be ready to resume
prospecting. This is refreshing after so
long Q war with water. Hale X Nor.
cross will be in Q like condition soon, a.
also will Julia.
Bullion is prosecuting and meeting
with encouraging results. EIchequer is
quiet and Con. Imperial full OF interest
as usual. Yellow Jacket is working
hard to get ready for more interesting
work and its future operations will DO
followed eagerly.
While there has been no particular
change in the outward situation at the
south end. 1t cannot be denied that pros.
poets there are Frightening. Alta gives
promise OF better things on the 1850
level, and in Justice there has been q
change Of formation Of late which augurs
well. Bunches and s,reaks OF ore abound
in all directions; but these ore develop.
ments are changing from being gold.
producing to silver. Formerly assays
were nearly all gold now they are
nearly all silver. which indicates a
stronger and more permanent ore for.
nation.
In Silver Hill. also. the crosscut east
is entering important ground. Water
prevented the exploration OF this eastern
make Of vein on . higher level. and now
the indications encountered are 80 much
superior to those found above that
strong hopes are entertained OF import
ant Developments in the near future.
Below we give our regular weekly
summary OF the latest and most correct
mining information, derived from official
and authentic sources, showing the sit.
uation Of each mine today up to the
time OF going to press:
Opnir.
The incline is now % feet on the
slope below the 24O0 station and con-
tinues to cut through good vein matter
carrying strsaks Of clay and quartz.
The crosscut west on the 2400 level is in
SO feet from the east side OF the incline
and is in o similar formation to that
found in the incline, but is encounter.
ing more clay than heretofore. The
south drift from the crosscut east on the
$500 level is in 90 feet and in vein mat.
ter carrying strsaks Of quartz. The
work Of snlarginR the Wine from the