The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-06-05
THE STOCK MARKET.

Prices for Comstock shares rather better
yesterday, though the Improvement was insignif-
can't Business was quiet all day.
NOTES.
At the annual meeting of the Seq. Belcher and
Mides Con. Mining Company S9,402 shares were
represented and Thomas Anderson Herman Ia
dig ]. z. Martin, James Newlands Jr. and w. ii. ii.
Hart were elected directors, with Thomas Ander-
son as president, H. Zadig vice-presdent, E. B.
Holmes secretary, and w. f. Sharon superin-
tendent.
At the annual meeting of the Crown Point Min
ing Company 79.5lS shares were represented, and
the following officers elected: James Newlands,
president: A. X. p. Harmon, J. p. Martin, James
Newands Jr. and C. L. Mccoy, directors. c. L..
Mccoy was reelected secretary and W. f. Sharon
superintendent. The secretary's financial state
ment showed a credit OF Sl5,1O4.
The superintendent's annual report shows that
during the year they have extracted from the 600
and 700 level slopes 1850 tons OF gold ore, of
which 1889 ions have been worked, the balance
bullion valued at Sl57,754, calculated at par from
which coin returns of $147,290 were received.
gold; its value ounce was S12 AZ and the yield
per ton in coin 81 80
In the Occidental 500 level the Wine from the
north drift has been sunk during the week a dis
tance of w feet giving total length OF 40 feet
the bottom is in ore of the average assay value OF
S54 per ton. In the $50 level the west crosscut is
in distance OF 1872 feet; advanced during the week
feet. The face lo in porphyry and clay with
seams of quartz carrying value. The north drift
from west crosscut has been advanced 10 feet dur
ing the week and is now in 80 feet, the face show
ing 2 feet of pay ore.
The Julia Mining Company reports cash bal
ance OF $l459 and the syndicate credit of $685..
The Virginia Enterprise of June says: "Ihe
plan to develop the Brunswick lode is growing in
favor. There was considerable opposition TO 1t at
first, but this is gradually being overcome by the
more progressive element. 1t is understood that
the promoters of the west country antagonlze the
scheme because they fear that if the interest Of the
public is attracted toward the Brunswick lode,
which is situated to the east of the ComStock, it
Will be done at the expense OF the west country
This would appear at first glance to De curious rea-
soning. but we are assured that such is the case
One of the prominent Comstock mining Superin-
tendents and those back of him used their lntu-
ence against the plan at the start, but they found
that they on the weak side and now CO.
operating with the promoters of the project. 1t
reported at first that James Flood cid not ap-
prove of the proposition when il was laid before
him. but he has been converted and now nothlng
remains but the perfection of details, and active
work the Brunswick lode WILL in all human
probability, be begun before the summer is ended"
2. Rerwin, superinteude of the Best d Belcher
and Gould Il Curry mines, is IN town.
An exchange says that Franklin Leonard, pres
dent of the Comstock Tunnel Company, and others
who are connected with the management of the
Sutro Tunnel, have left New York for Virginia
City and will go carefully over the field with view
OF ascertaning how the resources of the tunnel and
the Comstock mines may be better developed.
When the Brunswick lode project first
broached James l.. Flood determined to have the
matter carefully investigated before giving his
consent to the Consolidated California and Vir-
ginia Company Joining the other companies in the
calling of stockholders meetings, 10 upon the
proposition TO purchase portion OF that lode and
explore the same. Mr.. Flood has completed his
investigation, and yesterday declared that the
terprlse, IN MS OPINION, was Doth iegltimate and
feasible, and would not only benefit all the COM
panies which will go into it, but help the whole
Comstock.
Mr. Flood then gave orders that meeting of the
directors of the Consolidated California and Vir-
ginia Mining Company should be held TO authorize
the calling of a stockholders meeting, which the
latter can decide upon tn equeston. The directors
meeting Will be held to-day.