Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-05-19

Market Natter ~ the Norm
Ind Bullisa's Low Grade Ore
The Situation In Bslehsrs New
York. silver aiil and as an
Quinn.
There are some features Of the stool
market that r encouraging. Tit
chronic dealers are not alone in making
investments. Men who never enter
brokers' ONCE except to purchase whsr
stocks are very low or to sail whom the.
are high. are buying. Such men arr
not affected whom the market takes Z
little toss or tumble. and their GOODNESS
gives nerve to the dmid. They pay fo'
and pocket the shares they purchase.
The public are compelled now "a
look outsids Of oHacial letters and sworn
statements Of the Superintspdents OF the
Comstock mines for particulars - to the
formations encountered In the workings
Of the mines. The California Leeisla.
turs having seen q. to. pass the FELTON,
bill. will get through the mediums above
mentioned just what the law calls fo'
and NO more. The Superintendent
generally viii give little or no informa.
ton. except n required by law. The
Nrvs representative has been accorded.
however. generally. the privilege Of Wis
iting the mines and examining lorna.
tons. This will done, and the weekly
reports herein contained will b reliable.
There il not much change TO note this
week In the situation at the north end.
Prospects continue to increase on the
240O Of Sierra Nevada - workings are
carried north toward the point where
hopes and expectations center. From
Ophir to Union. inclusive. prospects are
also increasing. and Il 10. apparently.
only . question Of time a. TO the looked.
for development.
Water continues to trouble the middle
mines and delays prospeotinss where
tho greatest expectations lie.
In Bullion the prospectings through
the diamond drill on the 1850 level and
the rock encountered In the station al
the 245O level are most encouraging.
Notwithstanding the present and past
depression In Bslohsr. there are many
who are a. sanguins a. ever in regard to
the mine. Not . prospect there has
yet been exhausted. not even on the
2760 level where absolutely next to moth.
ing Ia known Of the vein. This 10 where
developments will doubtless b pushed
a. soon a. connections below make It
e~1pedisnt. Those best posted on the
situation are positive that the water
encountered ON the 5000 level and which
forced itself through the fsed'pips OF
the diamond drill to the $500 level is
not east country water; and II II comes
from the vein. then surely that vein 10
not yet prospsetsd at all below the 1000
or 1900 level.
In New York. although the face Of the
south drift 10 not looking a. well a. fur.
thor back. there 10 certainly q good pros.
pect. It IL nothing against the strike
that II IL richest near where frst en-.
countsred. for the drift just touches the
west side OF tho ore vein and there are
80 feet Of Il to the east yet, and In that
direction workings in this ledge have
always been found to yield best returns.
Silver Hill il also getting . good pros.
psct in the crossout east from that south
on the 1900 level. Some good ore has
been found in punches and streaks in
that part OF the mine.
In Quinn ten days will probably tell
the tale. and II looks y though II would
be . good story, too. What 10 known Of
the ledge on the 200 level indicates that
the ore. IL found there. will be better
concentrated and richer than on the 100
level.
Below will be found authentic and re-
liable reports Of the mines, showing the
situation Of each up to the hour Of 60.
ing to press
Consolidated virgisis.
On the $500 level q drift has since last
report been started south and run q dis
lance OF 20 feet in good vein material.
The joint California crosscut east on this
level has reached . distance Of $50 feet
and continues In heavy formation Of
clay and quartz. Connection with the
north lateral branch Of the Sutfo tunnel
has been made. The O. & @. shaft has
attained Q depth OF go feet below the
$500 level and 10 In soft vein material.
Stopping ore a. usual from the 1870 and
1850 levels. d.
~Caiifsrsia.
Water has stopped the work Of run
ming the main lateral drift north on the
$500 level; total length. "a feet, the face
In . very heavy formation Of clay and
quartz. For workings joint with Con.
Virginia sec report Of that mins. The
winzs from the 1000 level IL down 80
feet and being sunk to connect with the
raise from the level below and to get at
the ore lying below the 1000 level. The
slopes ON the 1900. 1850 and l750 con.
tinus thsir accustomed yield.
Ophir.
The slopes below the 2l00 level con-
tinus their usual yield. The projected
raise from the joint Mexican drift east
ON the 2500 level has been commenced.
The north drift on the $500 level run.
ming from the main east drift 10 In IS
feet and continues to cut . heavy forms-
ton Of clay and quartz which gives low
- T-S...Ni.ns NJ Wator HAVING