The morning call., 1891-09-05
THE STOCK MARKET.

Favorable news from the 1900 level of Savage
yesterday caused a turn In the stock, which ad-
vanced under purchases by Joe Marks. This STOCK
has been very strong for the past ten days. While
there has not been much trading in 1t the traders
along the rail have watched 1t pretty closely as 1t
pretty well known that it would only be a
matter OF short time when the stock would be az
fected by 1t.
Dealings in the north enders also showed an I'M
provement yesterday, under active sales, ana Con
Cal. and Va sold up to $6A an advance OF 90.
cents during the day. On the early call prices were
inclined to be weak and in fact there was decline
In the middle stocks. Bull!o sold down TO 81 80
and Potosi to 90 IS, but after the regular call
Marks, Morrow and Epstein began buying, and the
whole list closed strong for the noon recess.'
On the 1880 O'Clock p NJ. session Marks took hold
of Savage and advanced the price to 81 80 under
sales OF $50 shares and after the call II advanced
stlll further the market closing hrm.
NOTES.
Silver was higher in New York yesterday selling
up to 9SI5c. ,
Mr.. Mackay leaves for the Comstock this evening
being greatly interested in the work on the loOO
level of Con. Cal and Va. of which he speaks very
The annnal msetIng of the Gray Eagle Mining
Company has been called for September attn
Local securities were very dull yesterday, the
only sales recorded being $50 shares Cal. Electric
Light at Sl4G141s, and hve shares Spring Valley
Wednesdays Virginia Enterprise contains the fol-
lowing: 1.-TWO or three days ago the cornish pumps
the management immed lately fell back on their
powerful bafiIng system, since which they have
just cen siuicng IL out
The water now stands Is feet above the 1000
leye. station They Will lower 1t to the disabled
pump repair the pump stop the tauks and hold the
water there by means of the pumps.
meanwhile the Dow pumps IN the Crown Point
incline will labor with their end of the proposition
until the in the sold Hill mines is drained TO
the 1000 level
''No one question the Integrity and sincerity
OF the Gold Hill Pumping Association to do this.
1t is only necessary to see the work there going on
TO become convinced that they mean business A
large station is being cut out and ttmbered on the
17UO level; immense pumps are on the ground; TWO
powerful air npre5soTs are bstng put III p!ac e
the whole involving fortune of money.
AT the Alta III ming Will soon be resumed on all
the levels above the 1859. 1t is known tnat the
ledge from which they extracted valuable ore De
tween the 900 and 700 levels continue down 10 the
body of intermedlately between the 1850 and
900 levels by the system of prospecting drItS ana
erosscuts to De prosecuted between those points.
"Ihe boss blossom of vein groupings upon the
Comstock prOtrudes above the surface on Cedar
Hill. In years gone by great deal OF rock was
crushed at profit from these groupings. 1hefe are
three distnct surface lines of groupings on Cedar
Hin that converge they approach the richest block
OF mineral ground the world ever saw, one hundred
and seventyhve feet above the collar OF the Sierra
Nevada shaft the Sierra Nevada Company are sen IL
ing out the KenOsha tunnel toward these groupings
and AS soon Us they are tapped they VIII De devel-
oped north and south and $50 feet below the co lar
OF the shaft crOsscut is also Deing sent out to
tap the formation. For this latter crosscut to
escape they must join at some po MT above and the
metallic substance that made them rlch on the sur
face must be dfused in the Sierra Nevada ground
In the negE5OrhoOd OF the shaft that 1t attracts no
attention. Miners standing on the surface and look
Ing at the surface cropping say IL is Impossible Tor
The KenOsha tunlel or the deeper croSscut TO miss
them
Assessments Pending.