Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-06-24
THE NORTH END.
what 10 said. y IL Below and she
Bisuasiea There.

In commenting on the state OF the
market. and in speaking Of the Sierra
Nevada and Union. the San Francisco
Posi- OF yesterday says: "Thsrs were
rumors Of an improvement in both
mines, but we have heard nc conhrma-
ton Of the same. There is much In the
appearance Of the ground On the lower
levels OF Union and Sierra Nevada 10
encourage holders, and to u quiet
purchases Of the stocks. but we do not
expect q rise Of any magnitude until the
operation OF e~rosscutting begins. The
northwest drift on the $500 level OF the
Union ought to be connected with the
$500 station OF the Sierra Nevada incline
very soon. The pumps In the Union
shaft will probably Be- running down to
the $500 level in another week. This
will hasten the work Of crosscutung'
and when dealers return from their
Fourth Of July vacation the situation
will wax warm and quite interesting
Much Of the same opinion prevails
here on the Comstock; but the good
time coming IL not put quite as near
us an Il Ia BY the Post. The situation Is
lust this: Movements in that section are
at present circumscribed by the fear OF
spcouuterinR water. For instance. the
northwest drift from winzs No. i Of
Union for the $500 station Of the sierra
Nevada incline IL within about 20 feet OF
its objective point, but cannot DO con.
uected till that station IL drained OF water.
This will not be attempted till the 25O0
station pump OF the Union IN IN place
and It's foundations are not yet COM
pleted. Then the erosssuts to open up
the $500 level OF Union will not be run
from the west till connection has
been made between the Union
shaft and the Sierra Nevada In.
cline ON the $500 level and the drift
from the shaft 10 just about starting,
leaving tho station to be completed after
IL il out OF the way. When the Sierra
Nevada incline is drained . drift from
its $500 station will be started to hasten
this connection. The distance, a. near
as the News can estimate 1t. Ia about
200 feet, aud the time necessary to wake
the connection will be about Q moLth.
1t 10 probable, however, that orossouts
will be started from the east very soon
after connection Is made between Wine
No. l and the incline. as that conneo'
ton will afford necessary ventilation
and opportunity to handle any water
which may be encountered. In fact,
the freeing OF the Sierra Nevada incline
from water will soon rid the $500 level
OF that troublesome intruder.
Much Of the above work must be
accomplished before the 24OO level OF
Sierra Nevada can be opened up by
crosscuts. That level 10 hot and water
abounds in regions where work prom.
Uses important Developments. The 40
complainant OF the work above men.
toned at and from the Union shaft will
leave the Sierra Nevada free to prospect
at 100 feet greater depth the veins OF
rich ore encountered on the $500 level
BY crosscuts east, and 1000 feet and
moro north OF the incline and will allow
the mine to develop what 10 known to
lie near Union on the $500 level, and
was very imperfectly prospected by the
winzs from the 2400 level and l35 feet
north OF the incline.
It will be seen by the foregoing that,
long as the delay has necessarily been,
il still must drag its weary length . little
longer. The expected upward movement
may proceds the accomplishment OF oil
this labor by O little time; for people
anticipate important movements and de-
velopmsnts q little. usually, BY taking In
shares quietly. This will doubtless DO
done so that, after all, the date hIsd
upon by the Post may not be far from
correct.
The market ia, moreover, % sensitive
as q spoiled child. Stocks are well held,
and q bid for . block or even less any.
whore along the lode starts prices up a
little. Everything indicates q better
time ahead. both for the mines and Tor
the market and II needs no prophetic
ken to catch the gray Of its dawning
even now.