The San Francisco call., 1909-03-11
Comstock Mining Shares Break on
Water in Mines-COntinued Activ-
ity in Local Securities


The feature in mining stocks yesterday was
the break in the COmstOcks owing to rising
the Sutro tunnel, and which compels an aban-
donment of work on the deeper levels for the
time being. The pumps have been pulled I'D
to higher points and all the other machinery
that can be saved has been removed to safe
places The situation is grave far as deep
against 81 as Tuesdays close; Con. Virginia
to 25c, against Bic; Best & Belcher 10 25c
against S2c. and so on. Sales in the leaders
were free, but in the others moderate
There nothing new in the southern Ne
vadas beyond the usual fluctuations Florence
closed at $3.45. against 1886 Tuesday.
GOdfeld Con. which closed Tuesday ar 81 20
sold down to $7.45. but recovered To $75g
. Local securities were active, with a varied
assortment Of stocks traded in. Associated
oil was active and higher, rising to SCI so:
Spring Valley water was higher at SS4; Pacific
Tel. and Tel common stock higher at SIG %
and Union sugar higher at $3.50 The other
sugars ruled steady to firm Sales OF bonds
were $4,000. and the California gas and elec-
tric general mortgage and trust certificates
advanced TO 1925
California wine association per cent bonds
were ex coupon of $3.50 yesterday. California
Street cable stock was ex dividend OF soc and
MakaweH sugar ex dividend OF Soc
Sterling oil stock has been listed on the
stock and bond exchange. and was quoted
yesterday at 3Tsc bid
Amalgamated oil stock was ex dividend OF
81 yesterday.
number of brokers Of the San Francisco
stock and exchange board who claim 70 have
Il
formulated reduced rates Of commission for
presentation to the governing board. The pro
posed rates will be 1-3 per cent stocks over
so cents, and diferential scale for stocks
selling below that quotation These brokers
claim that reducation in the commissions viii
stimulate business.
March 1 the brokers Of the New York curb
doubled the rates OF commission on Goldfeld
Consolidated and all other mining stocks selling
at IS and over. 1t now costs $3.50 to buy
sell 100 shares OF Goldheld Consolidated
against $3.50 as formerly
The Giant powder company consolidated paid
a regular monthly dividend of 80 cents per
share yesterday.
For the twelfth fiscal year the regular divI-
dend OF 6 per cent on the capital stock OF the
Bsnea Svizzera- Americana has been declared
and is now payable at LOcarno. Switzerland or
at its agency in San Francisco at the rate OF
S0.t0 per coupon
The regular annual meeting OF the stock
holders of the Hutchinson sugar plantation
company has been called for March 23.
W. W. Charles OF the Tonopah mining com
pany says that the corporation. besides having
a big cash surplus IN its treasury, has l. OO0 600
ounces of unsold silver on hand.
The total output OF the Tonopah mines for
the last week was 5,5T7 tons. OF an estimated
per ton, and the milling ore 40 SIS toni OF
SlS9, 425. The Tonopah company sent 3. .t5O tons.
the Belmont 900 tons. the Montana Tonopah
$50 tons, West End 100 tons and Jim Butler
300 tons to the mills. making the total ship
ments for the week to the mills 5.577 tons.
for the week shows that an average OF -
out OF the 100 stamps were dropping con
stsntiy, crushing s.1f7 tons OF ore OF an average
value OF 5000 per ton The bullion shipment
consisted OF 81 bars Of bullon valued at SSsT
each, and 21 tons Of concentrates worth 400
ton, making the total bullion shipments
OIL per cent was recorded.
Assessment Directory, Comstoek Mines
Company No. Del Board Sale Dav. Amt
l. Washington p Feb. Is Mar. II .oS