The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-03-07
For Monday, March S.
THE STOCK MARKET.

vance in Mutual Electric to SIG Business was
good. Afternoon quotations were unchanged.
Mining stocks opened lower owing TO the
| continued delay in the pumping operations.
The telegram from the pump read as follows
Water twenty-nine feet four inches below
175O-foot level The pump will not be started
until some time Wednesday, as the Risdon
people wish to be present. They will arrive
tomorrow" The weekly report appears be-
low
In the afternoon the feeling was f1rmer and
prices advanced to a point generally above the
best figures of Saturday.
The Ophir Mining Company has levied
sessment of 10 cents per share, delinquent
April 10
dated Mining Company have authorized re,
duction of the capital from $50 600 600, divided
into 200, coo shares of the par value of 500
$40 each.
A special meeting of the stockholders of the
Syndicate Mining Company of Bodie has been
called for May 10, to authorize reduction
of the capital stock from SIC. 100000. divided
each, TO 100000, divided into 100000 shares
Of r5 the par y 9n1s Of q each Milling
paid its second quarterly dividend at the rate
Of 10 per cent, or 40 per cent per annum, on
The Boston and California Gold Mining and
Milling Company paid regular quarterly diVi-
dend at the rate OF per cent per annum on
The official report of General Manager Ross
of the Comstock Pumping Association for the
past week is follows:
During the past week pumping at the c.
and c. shaft has been interrupted twice by de-
fective discharge ppe-a tapered section, ten
feet long. made of H-inch steel, riveted and
connected to the elevator and the 14-inch dis
charge pipe with heavy cast-irOn fianges, the
steel of which was probably injured in roll,
with 4-foot section of phosphor- bronze, that
will be connected directly with the seamless
cred ffty-three feet below the 1850 level sta
ton, eighty-one feet below the dlschaTge,
where the action of the pumps can be nOteQ
Choiiar combination shaft At this point we
md a slight lowering of the water. It having
ing AT the c. and c. shaft The Chollar com
bination shaft is located $500 feet south and
1000 feet east Of the G. and c; shaft. IN. The
matter to call attention to. but as the meas
urements were carefully made there is no
doubt but in continuing the pumping ing a at
of the Comstock lode.
the phosphor- bronze section in few days.
we have cleaned out, retimbered and LAID
track in the 14OO-foot level drift distance OF
seyenty-two feet on account of the Consolldat-
ed California and Virginia Mining C9m pa Sce+
During the week we nave TO I accom-
modate the Sutro tunnel cars, on account OF
the Gould & Curry and Best & Belcher mining
For and on account of the Savage Mining
Company continue cleaning out their con
Meeting drift with the main Sutro tunnel AS
mentioned last week, this work Is done Tor
the purpose of enabling them to eaten up
I
the lower levels to the tunnel drain boxes
The report from the Consolidated Calltornla
and Virginia mine for the past week states
that the c. and c. shaft for fifty feet below
rhe 1870 level has been cleaned out and re-
haired and the pump rod column. piping and
stavs have been taken out of the pump COM
nartn1ent From the 1850 level down this COM
nartment will be repaired so that the pump
cage can be used for all work on the pump
ing plant after it has been installed, as dur
ing the installation they have 10 use the cen
ter hoist compartment On the 400 level the
drift has been cleaned out and retimbered and
track laid for a total distance of 264 feet.
Work has been resumed the 175O station
and has been continued on the electric IN
stallation
In the, Ophir mine during the past week
The old workings cut into by the north drift
on tbe Central tunnel level were examined
and the quartz vein they had been following
was found to make sharp turn to the east
and that il had been followed by drift on
qbe hanging wall side for $50 feet. where the
Drift had been filed At the point of recent
connection there is a west drift extending 200
feet into the footwal They are now pre-
paring to run three crosscuts into the foot
wall at distances of fifty feet apart On the
Sutro tunnel level connection work has been
started and the drift from the north lateral
has been advanced five feet
In the Sierra Nevada mine the northwest
drift on the 140-foot level was advanced last
week thirty-fve feet; total length 165 feet.
The face is in porphyry and quartz. The south
DRIFT from the top of the upraise eighty feet
above the 800 level is out ninety-three feet.
The face is in clay and porphyry.
Mining dividends paid in February were as
follows: