... The picture is the guitar input jack. ... is the drawing correct? ...
As Eleventeen says, no way to know unless you show us the whole schematic (or at least where everything connects).
I agree with Eleventeen that it's a TRS (tip-ring-sleeve) stereo jack with 2 normally-closed switches.
The "tip" is the part which connects to R1 and keeps amp noise down with nothing plugged in by shorting that grid to ground.
The ring part is between the tip and the heavy black line (that heavy line being the grounded sleeve). The switch runs off to some other part of the circuit, and is likewise grounded when you have nothing plugged in.
But your mono guitar cable has a grounded sleeve which is the length of a TRS sleeve & ring combined. So when you insert your mono guitar cord, the grounded sleeve engages that ring contact. However, all it is doing is disconnecting that switched circuit from ground so that it is active; it has nothing to do with the guitar's input signal. Just like a typical mono switched input jack, when you insert the plug, the plug contact lifts away from its associated switch contact.
So is it right? I'd need to see what circuit is being ungrounded by the ring switch.
These schematic symbols are for normally-closed switches on the jack. There are other schematic symbols to indicate normally-open switch contacts, or for other, more elaborate, switching mechanisms.