The morning call., 1891-10-20
THE STOCK MARKET.

There was little improvement over Saturdays
closing prices at the opening call yesterday, but it
was short-iYed as prices declined Immediately up
adjournment and continued weak the rest Oh tne
day. On the early call few sales were made III
ophir at 81 90, Con- Gal. & Va. 50 5o@4 90, with
Walls selling wherever the opportunity offered, saw
age So 80 and Crown Point 81 80. After the cali
prices weakened off considerably under heaVy
sales. Con. Cal. & Va selling down to 81 20 uhder
sales OF over 5000 shares, ophr 81 so, Best Bel
cher 81 IS and Union ST. 80. Even Savage was
made suffer and declined to 81 10 under sales oil
1900 shares. The balance OF the market followed
suit. closing weak and heavy and continuing the
same on the ESQ afternoon call, where business
was light After the call prices steadled up again
and considerable stock changed hands the market
closing steady.
Thirty-four bars OF bullion. valued at $4,000,
have been received from the Candelaria Mine OF
Mexico.
Silver was steady in New York yesterday at 96ssc.
An assessment OF % cents per share levied on
the Occident al yesterday.
AT the annual meeting OF the stockholders Of the
Exchequer Mining Company yesterday S5,96o
shares were represented and the following board OF
officers elected {. Hirschfeld President; W. y.
hobart, Vice-Presdent, and Thomas II. Anderson,
T. Elliott reelected secretary and A. O. Ham
ilton superintendent The Secretary's hnahclal
statement shows a credit OF Sl4, ,673 a.
AT the annual meeting of the stockholders of the
Con. Cal. q Virginia Mining Company yesterday
ing board of officers elected: Charles III. Fish,
President; George II. Wells Yice-Prestdent and
c. O'ConnOr, Ii. b. Ravens and William 5 Lyle,
Directors. A. W. Havens was reelected Secretary,
d. Is. Lyman Superintendent, and the NeVads
Bank, Treasurer.
The gross bullion product of the mine for the
past fiscal year WAS valued at Sl,732,77o OS, After
paying TWO dividends Of so cents each the total OF
which was $2l6.OOO, and all the expenses oil me
year the company has cash balance on hand 0l
Fonowing is Superintendent Lyman's statement
OF the ore and bullion produced LOT the twelve
lonthS mo eaqiHs oep'o]o1r ] % or b,uinn nroanc
ton. 81, 1927 UJ, OF which $S2992 "a was gold
and $50 80 was silver; average yield in bullion
per ton, $40 %; average assay value OF battery
samples S26 OF per ton. -,,
The Supcriutendent's annual report was placed
on file ana the following shows the principal WORK
done during the year:
On the 1900 level all operations are carried on
through the Con. Virginia shaft. The mail north
lateral drift has an important air connection wth
the 1900 level. and by this connection our supply
of YenIilating air has been obtained for all our
operations north OF the main shaft. At point $50
feet north from the Con Virginia SHAFT aud 43 feet
above the sill floor OF this level operating from the
openings made prior 10 the date OF my last annual
report, valuable discovery OF ore vas made, aud
the ore has since been extracted ana hIieu. ms ms
stated was first found 4S feet above the sill
floor and It's width did not exceed inches; but
being OF good quality, we tolloWed the sueAH ana
soon mad width Of ore from 10 feet wide and
100 feet in length. II extended upward 20 Feet
when It was terminated BY an almost horizontal elay
separation, which was Overlaid by pOrphyry for
nation. The pitch or dip of this body OF ore was
westerly. From the main north lateral dilft on the
sill floor Of this level crosscut was run west 10
feet, when it cut into the body which was first
found 43 feet above, before stated From this
point upward all the Gre in sight has been ex-
tTacted, and are now continuing to prospect the
ground in the immediate vicinity.
Ou the 1890 foot level, from the bottom OF the
Niuze sunk so feet below the 100 level, an east
crosscut been 247 feet. For the first 80
feet IL passed through quartz OF nominal Valuoi
then thrOus n lOw-grade ore, showing Improvements
for feet, from which good assays were obtained,
and some saved. Onward from TINS point
TO the end OF the crosScutr the formation Is VEIN
pOrphyry. in which at point 1856 feet from the
winze a streak Of good 3 Inches thick was cut
point in thS crosscut, IS feet east from the
Wine, north drift was started, and mas been ad-
vanced 80 feet IN quartz and ore. The face OF TINS
drift is looking very well 1t Is principally In ore
same time having bunches or small strraSs OF
vein pOrphyry The last IS feet OF this drift has
all been saved for milling. From the crosscut al
point 1856 feet in from The wluZe north drlit mas
been run II reet, following the S-inch ore streak
So far the streak has not shown any Increase IN
width in going north. but retains a value OF $50
yer by assay. II Will be prOspected further at
some future time. The water has risen ~ ieeI IN
the c. and G. shaft during the past year. up 10
point 50 fee above the station floor of the 1880
foot eyei, that our workings ON this the lsOO
foot level 70 feet above the present water
level OF the mine.