The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1895-09-03
GOLD EXCITEMENT.
Rish Finds in Old Mines Make the Mar
kets Active.

The excitement and activity in San
Francisco over new discoveries in god
mines has not been equalled in ten years.
stocks are advancing. and a private let
ter from San Francisco says that six
months time will see the greatest boom
and highest prices in mining stocks in
the history Of California. The follow
Ing from the San Francisco Report OF the
2Sth ult. gives some idea OF the situation.
since which date the quotations have ad-
vance materially.
The Comstock market, which closed SO
strong and active yesterday, opened with
increased vitality this morning, and for
a time affairs in and around the Board
rooms were livelier than for many weeks
The revival extended along the line but,
the same as yesterday, the Challenge
Confidence and other stocks, OF the Cold
Hin group, received the most attention
The ore strike in the west crosscut from
the Joint upraise from the surface tun-
mel, which the Confidence and Challenge
Consolidated have been running, news of
which was first given in the Report OF
Monday. when Confidence stock sod for
$105Q110, and Challenge Con. for SS13g
cents, is regarded as important, but not
enough work has been done to determine
the extent or value of the new find. The
ore is said to run high in gold Superin-
tendent Sharon, of these mines, who has
been in this city for several days, will
soon go to the front, and arrange for a
thorough exploration OF the ground In
which the new discovery has been made.
Good news continues to come from the
1850 and 1860 levels of the Consolidated
California and Virginia mines. On the
l100-foot level Of the old Con. Virginia
oIn Ia. he T,4, 1..lf "a.
leads to the west crosscut, 335 feet north,
in which the West Consolidated Virginia
Mining Company in conjunction with the
the Ophir, Mexican and Andes companies
will soon explore the west country with
diamond drill, and at point about
midway between the west crosscut and
the shaft station, an excavation is now
being made preparatory to starting an
upraise, as described In yesterdays re-
port
This upraise win be carried up for the
purpose of exploring the ground above,
In which the West Consolidated reople
say they found evidence Of an ore body
through cave which occurred some
months ago. This discovery was wholly
in Con California and Virginia ground,
and the explorations about to begin
will be conducted solely by the Consoli-
dated California and Virginia Company.
In proper time north drift will be run
from the station on the 1100-foot level OF
the old Con. Virginia shaft 10 connect
with the upyard workings from the 11OO-
foot level and to open the way for
thorough exploration of the large area
OF unopened ground north of the SHAFT
between the 500 and 100 foot levels Of the
Con. California and Virginia.
On the Brunswick lode there is contln-
ued activity, and 1t Is expected that the
three inclined which the Con- California
and Virginia and Best & Bedcher, the
Haze &c Norcross, and the Chollar ana
Potosl companies are sinking, will be
down a sufficient distance two weeks
hence to permit Of extensive drifting and
crosscuttlng In the Brunswick vein prop
er. These inclines are being sunk In the
footwaN, because better progress can be
made.
Small seams Of quartz containing py-
rites OF iron and indicating a close Gp-
proach to the Comstock ledge proper are
being cut in the west drift from the
Ward shaft on the $40 foot level, which
drift the Bullion company is running.
The silver market has been remarl1a-
bly, steady and without a variation for
three days past. The New York price to-
day continued at &C 3-4 cents and the
London price at 3OKd. per ounce.