The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-12-17
THE STOCK MARKET.

The strength that marked the close OF Tuesdays
business In Potosi wanting yesterday. Trading
was exceedingly dull; in fact. the duliest for
months. and tho brokers had but little to do be-
yOnd peltlng each other with paper balls. On the
$50 A NJ. call Ophr sold at 81 IS, Best ~ Belcher
So To- Curry 81 20, Norcross 81 As and Union
81 CO. After the call there was no change in
prices and the market closed dull and eavy. On
the 2:30 p. NJ. call Ophir sold at 50 80 and Con.
Cal. q Virginia S494 Us to sales of s45 shares of
which Stoutenborough and Walls were the prin-
cipal sellers. The balance OF the list remained
steady but inactive After the call prices continued
weak and heavy, closing with further decline
from the call prices
The Sverado delinquent sale takes place to-day.
Silver was trife weaker in New YORK yesterday,
selling at 95 cents.
Charles II. Fish. President of the Con. Cal. &
Virginia and the ophir mining companies is con
fined to his room with serious attack OF Ia grippe.
The annual meeting of the Andes takes place to-
morrow
AT the annual meeting OF the stockholders OF the
Ophtr Mining Company yesterday $500 shares
were represehted and ms tolIowlag D9ard OF ON
President Nat T. Messer, Nice-President; Herman
Zadg, Con O'ConnOr, William l.. Lyle, A w.
Havens ana George X. Wells. Directors
L. Is. Holmes reelected Secretary and his
financial statement showed a credit of $74sg 7s.
b. Is. Lyman reelected Superintendent. and
his annual report was as follows: There has been
l3O0-foot level and the l465-foot level 1882 tons
OF ore of which 2l25 tons has been mitled at the
Morgan mill by the ComstocA Mill and Mining Com
pany, leaving on hand in the ore-house at the mine
24I tons From the ore milied there has been pro-
duced bullion OF the assay value Of So, 3O5 So,
which shows AVERAGE yield OF SIT 81 per ton
This bullion carried S76SS 07 in gold and Sl26l7 So
IN silver. The average assay value OF the
naming on band In the ore-house as aScertdined
by assays OF car samples. is ST. so per ton. At
the date OF my last annual report the
made, namely: from near the end OF drift
south 459 feet from a drift run east 81 feet from
the shaft station the l3UO-foot level wInze had
a Wine at point ~ feet above the sill floor OF
the 1865 foot level. ig2 below sill
OF the l3OO-foot level, crOsscut had been
and connected with an upraise no. y which had
been carried up from the sill floor the l455foot
level. These connections have given us good ven
tilation, and this crOsscut, extending from the
wlnze the east side OF the ledge TO the upraise
(So p on the west side, distance OF l40 feet has
been the base of operations for our prospecting
WORK during the past year. This crosscUt passed ali
the way through quartz ledge. and from the same
drifts croscuts and upraises have been rnn TO nrOs
Dect large quartz body which is known TO exist in
the vicinity. This crosscut has recently been thor
oughIy repaired and our prospecting work viii con
tinue to be carried therelrom. Iu working north
erly from the upraise No ?, above mentioned. we
md narrow streaks of ore which Will pay TO
save for m lling and along with them quantities OF
quartz which will sssay from So TO SO Der ton.
There Is great downward pressure in AL this por-
tion of the mine, and 1t requires constant labor
and heavy expense In placing new timbers in order
to keep our openings in cond ItiOn which WIN
make it safe to carry the work wherever the
work OF repairing is not kept up there is gradual
closing OF the openings. For this reason some
drifts and upraises which were open six months
ago now closed
The following onicial letters were placed on file
yesterday:
sAyAsE-Durlrg the week we have hoisted ees
cars of ore from the 500 750 $50 and 1850 levels.
Shipped to the Nevada mill 525 tons aud miIled
$50 tons; average battery ASSAY slS. Have bullion
on hand amounting to $l2.674 So Have
repairs and timberng the west drift Potosi tunnel
level and prospecting on several levels. On the
l45O level we have commenced putting ia square
sets and Stopping out ore from west crosscut l
the ore Is fair grade.
HALE & MORE ROss-On the 1890 level the north
lateral drift from the new station is now advanced
100 feet; face is in porphyry and quartz Of low
assay value. East crOsscut l, started from the
north DRIFT ut a point rs feet north from the
ton Is advanced 80 feet the last II feet of this
crosscut is in low-grade quartz On the SutrO
Tunnel level the south drift advanced 80 feet,
making its total distance south from the station
l65 feet; face is in porphyry. West crosscut /,
started from south drift 100 feet south of the
station. was advanced 35 feet, making its total
distance rs feet; face is In porphyry and quartz
Have sent through the Sutro Tunnel $50 cars OF
waste rock during the week.