Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-05-28

Woe 9onofal I0o Cooso8s
plated Suit OF scorpion W.
sierra Nevada and Usiea for
shs Bonsnsa.
Very many OF tho Comstock dealers
in mining securities express themselves
strongly in favor Of listing all our mines
on the New York Board. The recent
start there taken in speculation in
mining securities. they contend, de-
mands such q step. Stocks are eagerly
sought after there and with Q rapidly in
creasing demand. and when once q de-
vslopment is made and securities adj
vance this demand will grow so furiously
that it will DO found almost impossible
to satisfy it.
Again, the field there is ample and
capital abundant. With Developments
to back an advance. the mon and the
means arc at hand there to float the
whole Comstock. q thing which has
seemed to DO impossible Of late on the
Coast.
49,. ..,. u,,,. oh.r,s :, ,hs
real situation here during the past week /;
and what little there has been Is in the
lin. ~ . ,snsr.l .a,snc. nv the mines
800, no.;,;o,. vh;ch o,e st;,l .b.aa
r,... v;u h. ,ound .ns,cisntlv indi.
c.,sa 4, ,bs ,.nort. Of thu VARIOUS mines
,;v., hs,ow ps,bans the most notice.
able and important Of these is in the
stopss OF the Sierra Nevada as they
make west and toward Union ground.
This has been responded to by the mar.
kst in q moro liberal advance in tho
prices Of Union securities than in those
of Sierra Nevada.
On. alleged reason xhy Sierra Ne.
vsds has mot kant paes with its neiehbor
% mi. oav.ro. has b.., tbs rumored
,,,,hoom;r, ami, NV tina s-.o,r;on 10 cat
pos,.ssion Of the Sierra Nevada bonanza.
This. however. should have operated
souallv ON Union securities: for the in.
,-.r,;on u ..;d N Ia N br;no . anti
,,.;ns, union also. These companies.
hovsvor Al M, ,sar tina rssuIt. Thu
s.o,n;or ,.;a n. location on . lima of
.,o,n;,,. wh;.h ara ant;rslv distinot
80 r.. wh;oh h.,on, N IN. si.rra
N.v.aa and Union. and has secured
-. ,.,.r, .-.oo,a;r,,x
Tn. s;.,ro Nevada b.. followed II.
,.ou, a.. ..-o,n;,,. - M. hodv ~
:. /. .,a
Wv" u' 'OA " ~
then II may nave some GROUNDS 10. iay-
ing claim to this bonanza. Until this 10
aop.-and Il will Ia found to BE- n very
-, --,.-..,,.. :, Al. =. ...,
aiin'u'' u'p
direction are similar TO those usually
found on the Comstock-ths holders Of
the stock Of either OF the threatened
"ines I'M '''. ~
Below we give our regular weekly
summary OF the latest and most correct
mining information. dsriyed from official
-,-t,--.,- -. -. a.. =,
anu 'As
uation OF eaen mine 10 Jay up " 'ns
time Of going to press:
Beleher.
Th. mai, ;ncl;ps has been mnk 81
h. A. o,co -
feet on the slope below the T00 iovei
and the station at that level il now being
opened out preparatory to running east
to the vein; also north to connect with
the Crown Point winze which has Just
,eaeheu , me ~ ; osca ~ h.s
~ d;.cont;nnsd for tbe nresent 10 run
a crosscut east from a point 43O feet
soutb of the incline. This crosscut Is
nov in 20 feet. the face in quartz and
porphyry, but it has not yet reached the
| ledge. Work in the crosscut, $500 level,
has also been discontinued for the pres.
ant Nome necessary repairs nave Doou
msds In the drift on the 1000 level con.
nsct;no with the air.shaft. that being a
thoropobfsrs which must be kept open
for working purposes. Sinking in the
main incline will sool be resumed. The
nina will be shut down tomorrow to
repair the y.bob at the bottom Of the
v[sr,;cal norton Of ths air shaft. These
,sna;rs viii, bovever. occupy only from
10 10 "a hour. and then work will be
r.sumsd.
sierra Nevada.
Sinking the incline for the 24OO sta.
.;.n Az. %, ,or ,h;ch viii h. !, nv n.
- mA.x.,L 4. III a. ,ha
"' Le,-I..
~ a. on.r,.
~ m.,.r;.i oh.r,.
=; nat ,ha To- sorm matt s;pes reaching The 300
80, Tn aow NJ vst,r In strono.
,ae ona IL. ..m;,n n 49, 81