The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-08-31
FISH-PER POUND.
THE STOCK MARKET.

There was less change yesterday and less trading
also. Prices showed few fluctuations, but the mar
ket was in pretty good shape and there was no de-
cline. Interest centered on the Gold Hill mines,
where some improvement is reported.
After the afternoon board there firmer
tone and Challenge rose to SO cents and Confidence
to ST. 80, closing strong.
On the Stock and Bond Exchange Spring Valley
Water stock declined from S1O81a to 9914 bid.
The company proposes to issue 5000 shares OF new
stock at no. less than S99 for the reported pur-
pose OF wiping out some accumulated floating
debts. This new issue will bring the capital of the
company up to $1o. 100000. 1t has an authorized
capital of $l60OO,000.
The Pacific Underwriters Association is now
paying dividend of SO cents.
The PACIFIC Lighting Company has declared a
dividend of % cents, amounting to $4,000, pay
able September T.
The following Utah mines have paid dividends
this month: Centennial, 81 per share. or $4,000;
Mercur 1919 cents per share, or $4,000, and
Utah. cent per share, or $1,000.
The weekly reports of the Bodie mines are as fol-
BoDIE-East cros5cut from north drift 200 level
was extended II feet: face In porphyry East cross
cut from Gildea vein 800 level was extended 8
feet face in porphyry. South drift from west
crosscut 500 level was extended 2S feet; face In
porphyry and clay.
MoNo-Stopped work on the south drift from
east crosscut 400 level and commenced working
again In face OF east crosscut; extended it feet:
BuLwER-South drift $50 level was extended z
feet have two small seams Of ore in face. North
porphyry. They have two small seams Of ore in
face North drift from No. was extended feet;
face in porphyry. Continue TO extract some fair
grade ore from stope from new No. upraise above
the 200 level tons of about S25 ore has been put
into the main ore chute.
The Virginia Chronicle says: The advance in
Challenge and Confidence is based upon o recent
strike of considerable importance and promise.
The strike made a few days ago, and the ore
body is the first 10 be unearthed IN either of these
mines for several years. 1t is located in Challenge
ground, the boundary of Confidence and is far
away to the west OF where any ore body OF impor-
lance was hitherto found. II is on what is known
as the tunnel level and is about so feet from the
surface 1t was located by west drift from the
top of upraise from another west drift. Wednes-
day morning the whole face of the aforementioned
drift was five feet in ore averaging $40 per ton.
The ore vein pitches to the west and the drift is
being sent through 1t 10 ascertain its thickness.
How far it TO the north and south and what its
upward and downward extent is, 10 not yet known.
Indications favor the theory that IL extends south
ward into Confidence. Some years ago good body
of ore was found in Confidence, but il was located
much fCrther 20 the east than this body, which fs
out TO the west IN the neighborhood OF the claim
worked by Sandy Bowers in early days. There Is
plenty OF room for an ore body in this region.
Drifts will be sent north and south later on, and
the ore followed in its ramifcations. The present
strike Is the best thing that has happened in the
Gold Hill mines for some time.