The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-12-18
THE STOCK MARKET.

The market opened dull and heavy yesterday and
prices declined under light sales the only stocks
showing any life at all being the BODIES.
Reports from the leading Gold Hill mines COM
prIsed the oaly news from the front. and as they
were principally measurements, they did not cut
any figure in the market.
on the $3.50 A. NJ call ophlr sold at So 20, Best &
Belcher 81 05. Con. Cal Il Va. SO 80 a So
TO sales OF 375 shares; Savage 81 90. Union 81 So
NorcrOss 81 80 and Bullion 81 So The balance Of
the list showed no change. After the call prices
rallied little then weakened of ana closed soft at
the noon recess. Con. Cal. & Va. selling from 81
down to IS 80. under sales of 795 shares which
came principally from Walls In the 2:30 P. NJ.
session Homer King aud Marks began buying the
leading north end stocks and Con Cal. a Va. sold up
to 50, to sales OF 500 shares. The balance OF the
market few cents better under light sales, but
after the call prices were trife lower. and the
market closed dull and heavy.
NOTES.
Silver was a triie heavy in New York yesterday,
selling at sc. Silver certificates quoted at
49, @C, and sterling was also shade weaker cable
selling at 81 S742, demand 81 81 and 6O-day bills
The Peer-Peerless mill was started up on Peer ore
1t is currently reported that the Bodie mill Will
start up at any early date on Buiwer ore.
The annual meeting of the Ontario takes place to-
morrow.
A bullion shipment containing 1890 ounces OF
silver has been received from the Holmes mine.
A resolution 10 adiourn at P. on Thursday the
24th. until $3.50 A. NJ. on Monday the 2Sth was in
troduced in the S. i. Stock Exchange yesterday.
The summit Mining Company of Bodie has made
application to lie paced on the list of the san Fran
cisco Stock Exchange. Quite development has
Gently been made in tile shaft OF the mine and ore
assaying SO has been cut. which Captain Kelly
thinks can be ntlled to advantage
AT the annual meeting of the Kentuck Consol-
idated Mining Company gS,599 shares were repre-
seated Isaac Deutch and ?. Amiraux were elected
Directors IN place Of j. b. Low. resigned, and Nor
ris IOefich, deceased the other Directors remain
ing as follows: r. Z. Kelly. Thomas Anderson and
j. W. Pew. X. L. Kelly elected President,
Thomas Anderson NicePresident, }. w. Pew Sec
Rotary, aud II. G. GOrham Superintendent
HE Alta MINING Company has made q cOmnrO-
mise with the Comstock Tunnel Company on very
favorable terms, There was due the tunnel COM
pany from the Alta the sum OF about $4,000 for
back royalty on ores extracted Under the terms of
the compromise the sum has been reduced 10
$4,000, and tho Alta company is to have six
months in which to pay it, There Will be four pay
meuts Of $1,000 each, one thr e months hence, and
The Others four. i've and six months. As the Alta
company is about 10 drain the water from its 1850
level where a body of good ore exists the aid OF
the Tunnel and its branches is greatly led
and If the settlemen Mt were not made the ComStOck
Tunnel Company might refuse at any time to
ceve the water.
The Confidence assessment falls delinquent in
The Gesry-street Cable Company has declared
dividend OF soc per share, payable ON the 2lst.
The following Official letters were placed on file
SEC. BELcHER--Ths north drift from tho west
cros,cut the 6O0-foot level has been extended
80 feet, and Is a total distance OF 81 feet.
The face IS in mixture of porphyry and quartz,
Crows PoINT-west crosscut No. ) ON the 500
foot level has been extended total distance OF 90
has IS feet to go 10 reach the quartz encoun-
tered in No. 2 crosscut. The west crosscut from
the south lateral drift on the 6OO-foot level has
been extended to total length of S-3 feet. he
face is ia hard porphyry.
,CoNSoLIpArED lMfERIAL-The raise from the
40Ofoot level is up 100 ieet TIE face shows quartz
having value. They still taking out some
ore found in the Old filings. and by following up
small streaks found in the upper levels OF the mine
BELCHER-Haye stopped the north DRIFT from the
3OC-fout level station, and rua from
the north end OF It, distance OF 40 feet. 1t dis
closed width OF ABOUT 20 feet quartz but too
low grade to extract. VIII start raise from the
lateral drift, wttn the intention of cutting this
quartz at point between the 800 and 200 levels,
TO ascertain II the quartz imp in grade that
point Are saving from 10 10 tons of fair-grade
dag from the south DRIFT from the fifth floor
OF the raise above the 1900 level.
CONFIDENCE AND CHALLENGE CONSOLIDATED
The joint Confidence and Challenge Con. north
drift on the 200 level is in 900 feet The face is in
quartz having va'ue. The joint Confidence and
Challenge north DRIFT on the 200 level is in 5SS
feet. The face shows quartz having no value.
hENTUCK CON.-Have stopped the west crosscut
from the north lateral drift on the 50O-fOot level
have started east crosscut opposite IL. whcl
is out ID feet The face is in a mixture of porphyry
aud quartz giving low assays. The east crOSScut
from the bottom Of the lOO0toot level, north wnze
IS cut IS Get The face is in lOwgrade quartz and
pOrphyry. Are stii following Siuth the
streak from the l00U-;O0t-ievel raise, with nothing
new TO report for the week