The San Francisco call., 1899-05-30
Stock and Bond Exchange was not in

The Stock and Bond Exchange not in
session
All the Exchanges will be closed to-day.
Mining stocks were dull and not materially
changed The telegram from the pump said: I:
I'VE have run the first elevator continually
since noon yesterday. using more water power
and lowering the water 50 feet The water is
now lss feet below the 1750-foot level and PA
feet below the Sutro tunnel drain boxes. The
top of the l950-foot level station is in good
condition"
The Boston and Montana Copper Mining Com
.pany paid dividend of $500, 900 yesterday. 1t
is the second dividend paid this year. Total to
date So $4,000.
The Oceanic Steamship Company will pay a
dividend of 30 cents per share June l.
The San Francisco Gas and Electric Com
pany has declared dividend of AZ cents per
share, payable June l.
The Giant Consolidated Powder Company has
declared a dividend of so cents per share pay
able June 10.
The California Powder Works paid dividend
of 81 per share the goth.
The Central Light and Power Company's first
dividend of cents per share was paid on the
In the Ophir mine, in the Central tunnel
workings, the north drift has been extended IL
feet; total length PSI feet; face in quartz, clay
and porphyry The course of the hanging wall
clay is nearly due north, and If there is no
change in the course of this clay will reacn
the Mexican south line in 80 feet. The forma-
tion that they drifting in is very
we'll defined and very like such as ore masses
are found in on the Comstock. The east drift
south of the Mexican shaft extended Z
feet; total length, IA feet. At this point an old
east drift disclosed that had been filled
with waste rock On level So feet above the
Central tunnel and $50 north of the above men
toned east drift, there is east drift in which
there are few small caves damming up water.
that the drift cannot be examined until the
water has been drained out. The dams are now
being removed and the drift Will be examined
this week The object of the work is to deter
mine whether an east vein exists in the neigh
borhood of these old workings The connect
ing drift on the Sutro tunnel level was ex-
tended 16 feet: total, 164 feet; face in hard
hanging wall rock. Work has been continued
drift extended feet; total length, 16 feet; the
quartz stringer continues between well defined
clay walls and is beginning to show greater
been found in this drift for the past week.
In the Consolidated California and Virginia
mine during the past week the Comstock
Pumping Association has been engaged in the
following work at the c. and c. shaft 400
level-The west crosscut has been extended q
feet; total, 565 feet; face in hanging wall rock
growing a little harder. There is still las feet
of this drift to be run before connection can
be made with crosscut No. from the 400 level
of the Consolidated Virginia shaft. The force
has been increased and the drift will be driven
pairs are being made in the airways this
level 1850 level-The south drift from the west
tance from point of connection with west
crosscut, 106 feet; face in old timbers and ore
From this drift 10 cars, 1872 tons. of the
gold value of Si3 70 per ton. have been ex-
tracted The value is divided as follows Gold
$11 so: silver 81 80; silver calculated at 81 cents
per ounce. The point at which they started
work in this drift was where it had been bulk
headed to avoid gas and fire during the last
working of this level. For the purpose of con-
tinuing work south of this dangerous ground
a drift had been run southwest and then again
turned south. They find that the ground
and old timberS and charcoal are all thoroughly
saturated with the water that they turned
into this level from the 1850 level in March last
AS near as be determined from the old
maps and records there is chance of finding
a fair sized body in this neighborhood. The
maps show that the of ore stopped be-
tween the 1900 and 1850 levels was 235 feet south
of the winze that they have just equipped for
work The that they have been extracting
is so feet east of the north and south drift on
the map at this point and no reference Is made
in the reports of such crasscut The easterIy
dip of the vein is not enough to have carried
the ore far enough east to have been exposed
by the 1900 north and south drift The shaft
men have been engaged during the week in
lowering the first elevator with its sections of
pressure and discharge pipes, so that 1t has
not been possible to install the new line of
6-inch air pipe in the shaft This they hone
to do before they shut down to repair the
main hoist.
In the Sierra Nevada mine, on the 140-fo
level. the north lateral drift was advanced to
total length of 273 feet. The face is in low
grade quartz East crosscut No. | is out 81
feet. The face is in clay On the 90o-foot level
the north drift from the end of west crossc,lt