Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-10-17

e-o@J ~
selected piece.
TIE SUPPOSED BULK OF n VEIN.
A better average sample OF the ore
was assaysd for Mr.. Tritls Of Virginia
and gave. gold. s2l4 %; silver. s2o7 80
"a total Of si2l s.. This 10 the char.
acter Of rock which some Of the experts
predicted, when In the mine. would be
| found to constitute the bulk Of the vein.
| Their predictions seem to DO In q fair
a TO be realized. Should the other
part Of the prediction as to strength and
extent also prove true. as there 10 at
present every indication that 1t will, the
holders OF stock will yet be happy.
THE ARGUMENT.
This il the way the experts put It
The ore body was arst encountered near
the 2lOO level. It was followed on down
and found to grow richer till the present
level was reached. This indicates
strength and depth beyond q doubt.
Depth points Enthusiastically to breadth.
The two always 90 together. Strength,
depth and breadth show length. Thus,
what has already been shown plainly in.
dicates length, breadth and depth, and
these with the richness OF the deposit
encountered make = bonanza Of rich ore.
CHANCES IN ORE LIKELY TO OCCUR.
"But," said . veteran Comstocksr.
familiar with all its bonanzas, "there
will very likely occur changes in the
quality Of ore passed through BY this
drift. They have been found in every
ore body in which q DRIFT or crosscut has
been run to any extent. They occurred
in every opening and between every
| level Of the bonanza mines as everybody
knows. Why. in the Crown Point ON
the 1900 level there were only some 10
feet Of rich ore next to the foot wall.
All the rest was low grade. On the l3oO
level il reached from wall to wall. 10
feet, aud Was difused all through. aud
was rich, too. So look out for changes
| in the quality Of the ore. They are In.
evitable, and ought to scare no one. i
should rather be frightened 10 they were
| not to be found there. ! have no doubt
| about the mine, and have had none from
the first !; but I have had serious doubts
Of my ability to carry my stock. That
is the only thing that troubles me-
THE DIP OF TIE ORE BODY.
There Is one characteristic Of the ore
body in the Sierra Nevada which 10 an
important one" said another mining
man, also familiar with ore bodies,
I" and that 10 the dip Of the east side Of
It. / noticed that particularly when In
there Wednesday. 1t stands ready for a
plunge down aud . deep one, too. That
| little border Of clay to the east Of the
ore body stands ut an angle Of from 90
to 20 degrees; and that 10 the way with
nil large ore bodies. Their walls are
steep. When the vein lies fat and is
500 or COO feet wide. you never find
much ore. and what there Ia lies next to
ON. OF the walls. But when you find
the assure taking Q sleeper pitch and
getting narrower and concentrating. you
are apt to Aud the ore there. ! like that
steep pitch east Of that ore body"
ABOUT THE Il IN STOCKS.
The theories advanced BY the people
here ~ 10 what caused the recent break
in north end stocks, particularly in sisr.
ra Nevada. are numerous. Many Of
these are too absurd to be worthy Of
mention. One OF the most plausible is
| that Eastern spectators found an oppor'
tuuity ut ruling prices before the break
| 10 make q good turn on their investment
and ordered sales. In that section when
one man, especially IL be is Q sort Of
leader among speculators, starts In to
do anything the others hnd 1t out and
follow like sheep. Eastern sales have
had much to do with the recent decline.
Another theory advanced Is that the PEG
pie ar. timid. Many have been heavy
losers by their stock investments and
when they see an opportunity to make q
| fair turn they order their stock sold.
In both thess ways large amounts Of
stocks have been placed on the market
| aud a decline naturally followed. When
it started others grew timid and sold too.
Then came favorable reports from the
mines. This made II for the interest OF
all these parties to keep out a. long ~
prices we're depreciatine. No q likes
to buy on Q falling market. Hence sci.
lers are more numerous than buyers and
the break continues. Bot they all intend
| TO get in again and then the reaction
will come.
LYING DISPATCHES.
The foregoing are some Of the most
plausible theories advanced to account
for the recent break. Comstocksrs gen.
orally scout the idea that because soms
men went into the the mine and tsle-
praphed false reports below while speak.
ing isvorably Of the mine here b
break followed. They declare that this
is placing altogether too much import.
sncs upon these men. This 10 probably
trus in one sense. Still the stock OF.
fered By the friends Of these parties
helped to accumulate the pile thrown on
the market and hence, to that extent.
aided the downward movement along.
Some OF these dispatches have been
found aud returned to Virginia and
shown; but that these alone could have
caused the decline IL doubtless attach
ing TOO much importance to the ssndsrs.
-Hk MINES LETT.
H.. 10 ,hs ms,kst continues 10 90 the