Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-03-13

cuts.
The recent break in Bslchsr Ii . per-
picking L. tsry, when looked at from
this end @, ne line. There II one con.
so~la,io-. however. in connection with Il
tho break cannot be attributed to the
appearance Of the mine itself. That is
looking as usual, and the workings are
not where ore is expected to be sncoun.
tered, so that O failure to find it could
not affect the market.
But some terribly ridiculous stories
have come floating up from below, where
they have doubtless served the bears
well. One il that the diamond drill has
been run in on the 5000 level and found
no ore. This il not only untrue but
impossible to be true, since q crosscut
must be started before . drill can be
used. This has not been done, nor has
the drill been used.
Another foolish report, and a. untrue
a. foolish, is that the WINE has cut
through the ore vein found on the 2760
level and run into the west country. II
this were true Il would amount to but
little. But II 10 not true, by any means.
The winze will not even reach the ore
streak. II both keep their dips. till .:
least l25 feet have been sunk; and then
the wiazs starts 1872 feet from the west
wall OF the vein. It goes down at an
angle Of 80 degrees, while the ledge
itself IL about 40. Those interested
may calculate the depth at which the
vest clay would be reached.
Another senseless rumor Is that the
south drift, 5000 level. has passed
through the vein and is in east country
rock. This il too absurd to need rsfuts.
ton. The ore vein proper has not yet
been cut on this level at all.
A more reasonable solution Of the
problem Of the break is given by Mr..
Tritls a. follows:
The market is stagnant; how stagnsnt
few people know. 1t was last week al.
most impossible to make sales OF . few
hundred shares Of some OF tho best
stocks on the lode at . single session OF
the Board. It was . good time for bears
to operate. Many had bought Belcher
at very low figures and could make q
good profit at last weeks figures. More
over. IL was an active stock and could DO
readily realized upon. The market
favored q break and the stock was put
upon the market to u the break and
with the intention OF getting 1t back at
lower rates. simultaneously with the
food Of Belchsr shares on the market
came stories wild. but believed because
OF the sales OF Bsloher stock and the
downward tendency Of the market. This
helped the gravitation still further till
yesterdays prices were reached.
The break has brought . heavy
pressure upon the managers to run pro.
mature crosscuts. Everybody below
wants crosscuts run on the 5000 level.
It 10 possible that they may DO run
at once; but the right time Is not yet.
The south drift. 5000 level, should reach
q point ct least $50 or 500 feet south Of
the incline before the picks are turned
east, and then they should bssst at work
in about three places at once.
The reason for the foregoing Is OBJ
vious. The indications are that while
the ore body makes down 1t makes also
south. The sizs Of this ''maks" NO one
knows. 1t may be like the camel's neck
which went from the HOO to the l450
Of the big bonanza. II SO. and 1t should
make south as the bonanza did north 1t
would not be touched by q orosscut on
the 5000 level run under that on the
2760 level, 2i0 feet above. ..
It is advisable. therefore, to get well
prepared before running cr~ossculs. and
those who are clamoring to have them
started anywhere so they are on the 3ooo
level, DO not know what they ask. A
little time AMI patience are all that IL
needed now. At least, 1t seems so to
this representative Of the News.