New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-10-10
CLOSING PRICES OF CALIFORNIA STOCKS
SAN FRANCISCO, Saturday, Oct. S,lSS1.
Yesterday. To-day

Bullion valued at $4O,4I6 1s was received in
New-Yorl saturday from the mines making
total for the week of S205, 493 90
The total sales of mining stocks in NewYork for
the mast week are officially reported by the two Ex-
changes at 943, 42O shares, amounting in value 70
81 292 $40 10. The aggregate of sales Tor last week
was so 600 shares more than for any other week In
io The following facts cleaned from circular IS
sued by Charles Wendell special trustee, will prove
interesting reading for Bald Mountain Mining Com
pany stockho ders of an inquring turn of mind: On
hnGust II last the mines and other property of that
company were sold at public SALE subject 60 mort
gage of $685. 600 Now the Gold Cup Mining and
Smelling Company has been organized and its entire
capital stock 100000 shares par value 81 issued
to the purchaser of the Bald Mountain property in
nayment therefor. OF these shares 237, 800 have
been delivered to special trustee for the purpose of
li0udating the debts of the Bald Mountain Company
other than said mortgage. This purchaser also
transferred to this special trustee 900 shares 20
he issued at the rate of one share in exchange
for ten shares of Bald Mountain stock,
provided the holder OF the latter stock will at tho
same time purchase an additional share Of Cod
Gun stock for each share received In exchange by
him and paw therefor 75 cents per share. The spe-
caI trustee is authorized to use the moneys thus
ceived in making cash payment on ire mortgago
mo for the mediate erection of sampling works as
the mines and other incidental expenses" The cir
cular saws the Gold Cup COMPANY VIII commence
onerations entirely free from Indebtedness and will
be able 10 continue its workings through tho fall
and winter" The usual predictions concerning
"div;dends early in the year" are not omitted, and
RoI6 Mountain stockholders who wish 10 share in
..the henelts of this purchase must make apple
oation on or before November L.
Tanner Queen superintendent reports that for tho
fonr days ending September 30 the furnaces pro-
dnced I04 935 pounds of copper bullion. On Octo-
her A the company shipped from San Francisco
2O5 297 pounds of copper; e.,.-.
The superutendent OF the Gem Nickel mine, silver
Clf Col telegraphs that rich ore has been struck
J.; a crosscut on the 100 level of shaft No. q This
shaft is 500 feet north of shaft No l, which shows
two feet of solid worth over 81 900 per ton IN
nickel cobalt copper and silver. This strike is be-
iaved Ia demonstrate the fact that there Is con-
tinnnns ore-body for 800 feet
Suunar;ntendent of Pie Island Silver Mining Com
nan, Nichl reports: Pushing developments In
RIy Two drifts crosscut and shaft. Vein looking
snisnJidIy in shaft and expect silver without tho
| spa soon Vein is widening with good ore in tina
st drift while in the crosscut several strIngers are
| being cut which seem to grow wider Win deptn
| ond enparently coming together below" -
| Barcelona superintendent telegraphs Big strike
| :; %attom OF Winze 600 feet from the surface IN
| so,tb level. Vein feet wide; average, S2o0
North level vein pig feet wide; average, $l2o PEI
TOM -. NJ .;oI 60 +ha MINING
,s,c;atcd Press says: An exceedingly rich strKe
asao ade in the Starr-Grove mine about two week.
msS amd tbe work since then has opened IL out 80
kS0t - shows up well. The new discovery was madS
-; tSa face of drift No. q south. where the ledge hs
| ,;Saned somewhat and gave every ndicauoh %
Ma,n near an extensive ore-body. The drift Is noy
pe n,Sno an the new ore-body and shows spienaid
an Of metal DriftNo. l. SOUTH Is being sIvS All
] ranidiv and is also In very good ore pnaA"ns =