The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-07-21
THE STOCK MARKET.

There was quite lively reaction in prices OF
Comstock shares yesterday, and considerable stock
changed hands. This was particularly the case
on the noon informal session. when Con- California
and Virginia jumped up to S5A under the pur-
chases by Fitch, who took I'm the greater amount of
the 1860 shares. The small increase in last weeks
assays caused better feeling, and according to the
Secretary Of the company there Is $3.50 900 sur
plus In the treasury. Again very interesting
work is now being done ia the winze below the
1750-foot level, where an east crosscut Is being
run to enc ounter the body, which dipped To the
eastward AZ that point, and as 1t is all virgin
ground Superintendent Lyman has great homes OF
again encountering the ore body. E. Miller of the
Alta directory returned from the Comstock yester-
day. and reports that the water is reduced below
the l45O-foos level, and prospecting will be re
sumed during the next ten days. That the plan
now being pursued is proving success is plainly
shown in the Justice, where the water has been
lowered over $50 feet, and 1t is only matter of a
sh ort time when the balance of the south end
During the early call of the Pacific Board yester.
day Charles Hirschfeld was quite prominent sell
mand for stock in the big board caused rea ction
and prices advanced, closing strong at the noon
light sales. but reacted Immediately upon adjourn
ment, Con- California and Virginia selling up to
s51s again, Potosi to SO 20, and Bullion to 81 S.
the market closing strong and active
NOTES.
Silver weakened off yesterday. selling down to 81
Hon. Evan Williams. the mining and mill man of
Nevada Is n the city.
At the annual meeting OF the Yellow Jacket Min
ing Company held In Virginia City yesterday the
old Board OF Directors were reelected.
Bullion valued at S20,9l2 81, the first shipm emit
on July account, has been received from the Con
California and Virginia.
Joe Low (Uncle Joe as he is better known, one
OF the best-known and informed mining experts ON
the Coast is present in the East Introducing his
new car for eet railways and is meering vii
great success. the car having been introduced in
Yerkes' system of railroads.
r1a
pal sales being on Cal Electric Light, of which $40
snares were soia AZ $iS and SIZES; also SIS shares
at S3l so. W 49, -
California Electric Light Company held Yesterday
34,425 shares were represented by stock and
elected for the ensuing year: p. b. Cornwall,
Presidents Gustav Sutro. vlce-President. and Al
vinZa Hayward. William Kerr, George H. Roe r.
T. wilson and John X. Spring. George II. Roe was
reelected Secretary.
Union Con: Mining Company held yesterday the
following Board OF Directors was elected for the
Charles Ii. Fish. Yice-Presldent and Wiiam
Lyle, Herman Zadlg and Charles HirshfeId Trus-
tees A. w. Burrows was reelected Secretary and
D. b. Lyman superintendent. The Secretary's
financial statement showed credit of 1895 Al.
follows:
l4e5.toot leyel,An operations during the year
last annual report an east crosscut (No ~ stared
from the north lateral drift at point 100 feet
south from the north boundary line OF the mine
had been advanced 524 feet. Since then it has
been extended 25S feet, making total length of
7o2 feet. This crosscut continued to show clay
separations stringers of quartz and vein mat
ter carrying low assay value In gold and silver
The terminal point or face OF The crosscut is in
hard porphyry. On the 18th OF September last an
east crosscut (No. p was started from the north
lateral drift at point 200 feet north from the
south boundary line of tho mine aud has been ad-
vanced total distance OF 1854 feet. Starting in
porphyry this Crosseut continued in the same for
nation for a distance OF 90 feet and then passed
through clay separations and quartz stringers
became alternately hard and soft until at a point
1913 feet in Is changed into clay, soft porphyry
stringers of quartz for distance OF 20 feet From
this point onward the formation continued hard up
10 within 30 feet OF the face of crosscut
Here the porphyry became softer and carried clay
with some quartz OF low assay value. From the
northeastery conrse-one starting at a point s5S
feet In, and one 1854 feet In from the main north
lateral drift in which openings hope tor further
improvements that may result in development OF
ore.
On the LIST day OF February, 1891, the Union Con.
5. MIG. Company Jointly with the Sierra Nevada
Mining Company resumed mining operations
through the Joint shaft.
Tho following Official letters were placed on file
yesterday:
UTAH-rhe south drift from the bottom of the
winze station has been extended i3 feet; total 1876
feet; this drift continues in porphyry and quartz
formation
UNION SHAFr-Ths west drift from the shaft
300 level. has been advanced during the week 40
feet, making total distance of 6i3 feet; face in
clay and porphyry.
OccIDENTAL-Ex Extracted 240 tons of falr-grade
ore from the slopes the $50, 400 and $50 levels.
Have put in 4 chute and are now prepared TO ex-
south OF No Wine. $50 level. have started asst
crosScnt from the main south drift. The face is
now in iow-grade quartz Have milled during the
week 10 tons OF ore OF the average value OF IA 80
DER ton,