Show BUY CONTROL OF OPHIR MINE news of one of the most important deals affecting the mines of the famous comstock lode made in many years leaked into reno today says the gazette of reno nevada when it became known that a coterie of san francsics Franc sico ca capitalists pita lists said to be majority stock stockholders liol ders in one of the largest banks on the pacific coast had purchased control of the ophir silver mining company the transaction has been carried on oil so quietly that only those who purchased shares of the stock and one or two who acted as broker had any ide idea a of what was go going 1 ng on or what may eventually transpire 4 ji Z the first transaction was concluded about the first of the month when those who have secured control P purchased Ur chased the treasury stock of the company said to have been shares at 10 cents a share since that time they have been quietly buying all of the stock that could be picked up on the san francisco market and elsewhere t the e result being that ophir has gradually gone up to a quotation of 19 bid and 20 asked sales being recorded saturday at 20 cents according to those who claim to know some of the details of the deal a limit has been put on further purchases by the coterie that has secured control for they are said to have sufficient new developments in the ophir since the level of the water was reached several weeks ago is responsible for the san francisco men making the speculation aaion it is authoritatively reported that an important find of high grade gold and silver ore has been made on the lower levels which have been submerged for many years there has not yet been an opportunity to thoroughly explore the new find it is understood but the indications point to a revival of some of the excitement on the comstock of years ago one who discussed the deal this morning who knows the details of the transaction explained that a body of ore had been disclosed that promises an exceptional yield since it was announced some months ago that the water in the comstock mines had been reduced to the 2500 level those who have have consistently held that there would be a rejuvenation of the camp have held on to their comstock shares and waited more patiently for the news of the uncovering of rich ore bodies they have always maintained that the comstock was far from being played out and if the reports which come from those who appear to be on the inside are true another boom may be expected |