The morning call., 1891-08-18
THE STOCK MARKET.

Prices showed considerable change under lively
trading yesterday. There was a sharp advance in
the horth-enders and corresponding decline In
seVera OF the middle stocks, the Improvement on
the lloofoot level of the Potosi bracng up the
stocH as anticipated On the other hand, the work
going on In the drift from the winze below the 1880
ieVei OF Con- California & Virginia had beneficial
erect on the stock, which was in demand by ain
siders" Marks and Messer, acting in their behalf,
LOOK the greater part OF the Also shares that
changed hands during the noon Informal session at
henres ranging from 81 to SSJA. Speaking of the
WORK now going on In the Con. California d Vir-
gnia, the Virginia Enterprise contains the follow
ing: "A point 50 feet down from the 1850 level
brings the operations down to the 800 level The
point OF operations referred to is therefore on the
looo level, and 1t Is toward the south Street re-
ports say that within the past few days the east
drift tit cannot be a drift. The formation runs
northwesterly and southeasterly, and the crosscut
east and west-Rep.l has penetrated good or e.
within The last day or two no work has been done
IN II other than to put IN ar-pipes and preparing
for extensive operations. The stock has remained
about stationary meanwhile. When the excitement
was on the heavy holders must have taken In about
5000 shares. The Importance OF the last reported
strike lies In its location From the 1900 level to
the 100 OF Con. California 81 Virginia the best
aud greatest amount OF work has been done.
Below the 1900 aud above the 1900 level
the future of the mine lies. although there
is enough ore contained between those two
levels-in sight-to pay for the Development OF all
the ore contained above, If not of that contained
below TO at least the 5000 level The water stands
at about the 1900 level in the mine This gives them
about 100 feet down 10 prospect their new find. II
it extends below the water level they Will certainly
pump. and with pumping at the north end the pros
perity OF the Comstock is assured for decade of
years to come. Furthermore. very little prospect
ing work has been done at the north end below the
100 level. A drift or two and crosscut two
were run on the 1900 level. being the deepest work
ings of the g. q q. shaft, and few diamond-dr II
holes were sent out from the bottom of the Mexican
deep winze in 1884, at depth of about 300 feet.
in different directions and their tracks and tools
were taken up as quick as they could be- and pump
ing was abandoned. No miner Will say that country
was proSpected, and too much money taken out
little above it not to justify going down and doing
this time. while Mr. Mackey is supervising the work
In person that body OF ore should be struck at
that depth"
On the 80 a. NJ. session prices were a trife off
from the closing on Saturday, aud only fair
@3 10, Mexican s. So, Curry 81 70 aud Best a
Be cher 50 6o@3 20. Con. Cal Il Virginia
81 37la, and 40 shares were placed OH record
In the middle stocks assessments were delinquent
10 pear, consequently dec Inc took place, sales
being made In Bullion at IS 1903 70, under sales
shares. The balance of the list remained steady,
bat inactive. After the call a strong demand was
taxing in everything offered. Best IL Belcher
Jumped from 50 ~ to q 10 under heavy sales of
Mexican 6og rs sooo and Com ca
& Virginia $7@S 1919. 4lsO sha res. OF the mid
$3.50 shares, while Savage advanced to 81 60. $50
shares, the whole market closing strong aud active.
On The 2:3U =. NJ session prices fairly steady
0phir being In demand at 81 2o@4 30 and Best Il
Becher at $405. Messer jumped in on the call of
Con. Cal; Virginia and offered the stock at IS.
thereby keeping the stock down to ABOUT that
figure. After the call prices weakened off, Con.
Cal. d Virginia selling back to 81 so under sales
by Fitch, and the market closed weak and top
heavy.
NOTES
Silver was steady In New York yesterday at 99ss
Lon Hamilton, S. Jones and c. Dreby, the mining
OPERATORS. arrived in the city Sunday.
Inc OYernlan letter Tor the past week states that
there was extracted from the 300, 1000 and HOO
levels OF the mine TAI tons and 425 pounds of ore,
There was shipped to the Brunswick mill us tons
and l22O pounds OF ore, the average battery assay
OF which was 81 8 IL per ton.
AT the Alta the Cornish pumps are now raising
$4,000 gallons OF water daily over and above tho
quantity raised by the battling tanks. They
smoothly. although they had been Idle and sub
merged nearly seven years. The pump rod was
found TO be perfectly sound with the exception of
one length Of AZ feet, which has been repa oed by
new one
The Golden jacket assessment falls delinquent in
office to-day.
The feature OF yesterdays transactions in the
Bond Exchange was the dealing In Contra Costa
water bonds. which advanced from $3S 621a to
500 lzI5, under the sale OF $1,000
day.
The following onicial letters were placed on file
UrAH-The southeast drift from the winze station
has been extended So feet; total leugth 1870 feet
continuing in favorable formation OF vein por-
phyry, clay and quartz.
UNION SHAFT-rhe west drift from the shaft,
800 level, has been advanced during the week so
feet. making total distance of 900 feet; face in
WAR; SHAFr-The southwest drift from the
shaft 1900 level, is out 2l6 feet; face in clay and
porphyry.
occIDENTAL-Have extracted aud sent to the
null from all parts OF the mine total Of 2S5 tons
per day of ore OF the average assay value per
battery samples OF SlS SIS per ton The south drift
from No. 2 crosscut the $50 level is In 20 feet
the face showing ore OF an assay value OF S3l per
ton. Have advanced the south drift on $50 level