Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-10-25
THE C0MsToCK SITUATION.
What Another Month May Bring
Forth.

Forth.
Comstock shares are again blue and on
the down grade. There is scarcely any
life in the market, and prices are daily
shading off. This all comes Of the admit
ted failure Of the Sierra Nevada crosscuts.
These crosscuts thus far have been at
tended with disappointment. Along to the
northward there are punches Of ore, but
no regular bodies. These bodies were en-
countered as high up as the 2,400 level.
and have occurred at intervals down to
the 200 level, where present operations
are being prosecuted. The prominent
Characteristic OF these punches is the fact
that they all have a pitch to the south
ward. This feature has led operators In
San Francisco to believe that there Is still
a chance for q bonanza. further along to
the southwark in Union. or Mexican.
There is q belief that the ore may concen-
trate and make into fixed bodies when q
change in the ledge formation takes place,
II a change does by chance occur, which
no man can tell at this time. The cross
cutting Ia said to be not SO far advanced in
Union as in Sierra Nevada. Operators
who profess TO know say that it will be a
month yet before Union gets into a point
where n should be found, IL any exists.
This seems TO be the.hope OF the street. In.
the meantime Sierra Nevada is still
following up the irregular punches and
may at any time meet with great improve
ment. But there ia o heavy line of assess
ments falling due in the near future and
the feeling seems to be that still lower
prices must rule in the immediate future.
Gould & Curry. Best 4 Belcher and
Con. Virginia cover another interesting
section OF the Comstook. 1t ia interesting
because several hundred perpendicular
feet Of comparatively virgin ground are now
about ready for the process Of prosecuting.
Gould q Curry and Con. Virginia were
immensely rich nearer the surface. There
are those who believe that they may show
up something good when the lower levels
shall have been explored. The chances
are not particularly bright in any part Of
the great lode. but there Is at least .
chance in the two sections alluded to
above. II bonanZas are not disclosed in one
or both Of these places within the next 80
or 80 days. the ~stock-dealiDg public at the
Bay will begin to conclude that the jig is
up with the old Comstock. Yellow Jacket,
extreme south end have their friends and
may pt5sAbiy baOW soAiCtAih6 ehO AZ
distant future. but as a rule the best
posted men have the greatest faith in
Union, Gould & Curry and Best d Belcher.
1t il to be said In the same connection that
faith in the futnre of the Com
stock has been reduced to a very small
speck, requiring but a few more disap-
pointments to blot 1t out entirely. The
prosecuting now going forward and to go
forward within the next month will effect
ually settle the question as to whether we
are to have @ boom in the stock market
the present season. Mackay is expected
from Europe about Nov. Is, and Senator
Fair is expected to depart for Washington
about the 25th OF next month. A good
many people have an idea that there will
be greater activity in the market on the
arrival Of Mackay.
We have thus briefly presented the pro
and cons Of the situation as viewed by the
general run Of Pine street operators. Eu-
reka operators can draw their own deduc-
tions from the outline. Stock gambling
il a risky business and we have no desire
to coura any one to take the desperate
chances which it offers. Forty lose where
one makes. The best course possibly 10 to
let the list severely alone.