The morning call., 1891-10-11
THE STOCK MARKET.

While prices made violent fluctuations during
the past week there steady undercurrent in
several of the leading stocks that was widely at
variance with the opinions of the street. where
nearly all of the regular traders are very bearIsh.
The work now going on in several of the mines,
while strictly first class, is OF sufficient i'm
porauCe to elicit favorable comments from those in
n position TO know. Unless they are misinformed
there is yet opportunity for no mean ore body
to be uncovered in two three different PROV
pertles. Especially is this in Con. Cal. & Va,
Savage aud Norcross where the present indications
favorable,
and considerable Savage and Con Cal. & Va. changed
hands. 75U shares of the former selling at SO LOG
balance Of the list was steady but quiet
After the call prices shaded off little and closed
steady but Inactive.
Silver was strong in New York yesterday, sell
ing at S7i4c.
The annual meeting OF the Bank OF California
Will take place on Tuesday. and those OF the Bank
Of Nevada and the Nevada Queen Mining Co. on
The mines in North Idaho are reported to be in
better condition than they have for some years
Good judges estimate that the SHUTDOWN mine
La Iata has 500 tons Of ore in sight on the sur
There has been a very rich discovery OF gold and
silver ore at Wood River, in Fremont County, Myo.
1t assays s 90 a ton and upward.
opened again. The fire is all out, and the damage
done not great The mines will soon be in opera
ton again.
ager FarnswOrth OF the Austin Mining Company
was in Battle Mountain Monday on his way to
Utah. In an interview lie stated he would remain
IN persoual charge OF the work OF recpening tue
mines, though Mr.. EarlS would become the perma-
nent Superintendent aud Mr.. Cox the book-keeper
Since the resumption OF operations tweht!-Aye
miners have been put on at the Union mine. mum
Der of wOrkmen are pumping at the Frost smart,
and four men taking the water from the Patriot
mine Yankee Blade Altogether there are betwe en-
thirty aud forty men employed.
For the present the company viii devote their at
tention to only the aboyeuamed mines, but after
time may conclude to drive the big tunnel at Cllt-
ton Lander Hll VIII be pr9spetttu through lnS
Frost shaft The shaft will be sent down several
hundred feet to crosscnt large hedges knowa TO
exist The character Of the ore may change TO
bAser form, but the lodges are continuous ana
highly mnerailZed.
The Grass Valley Union says discovery was
made ia the Wyoming Consolidated mine on the
2sth of September that is very encouraging to the
stockholders ia the company. vertical shaft had
been sunk 10 the depth OF thirtythree feet. where
1t was considered necessary to run DRIFT TO What
is known as the Powuing incline in order to get a
better circulation OF air. In doing this vein OF
quartz nearly two feet in thickness was cut into
which showed well in free gold Caena and sui
pLuTets This unexpected md. as this vein
is considered to be in The same assure as the main
Win n the Ioc,tiop Thus discovery proves the ex-
isteuce OF three parallel veins ali close together
and gives great announcement prosecute the de-
yriopmeuts that the company has entered upon.
he weekly letters from the QUITO tooS are as iol
wE1p3S-Fair progress has been made during
the week tn Wine NO. l In the south DRIFT on the
IOO-f0OI level The bottom Is in vein matter show
ing some ore OF low grade scattered through 1t IN
punches.
PEERLEss-The north DRIFT on the 300-fOOt level
near the main working shaft has been adyanc ed to
Is feet The face confines in quartz for width,
which shows some ore Of fair quality through It,
CROCKER-The west crosscut on the SOO-foot
level 100 feets south OF the main tunnel, which IS
being made for given In last report is out
feet. with face In pUrphyry.
PEER-On the lO0-f0ot level near the north end.
also from the open Slopes same point. ore Of
good grade continues 10 be extracted, and other
Slopes viii soon be opened al this end az points
where ore of good grade mas beea exposed. Prep
arations are being made to connect this point with
the ma n openings leading to the mill for handling
ore. The slopes the so and 90 foot levels from
shat No. l are furnishing regular amount Of ore
OF good quality.
5 + Gas1ght has declared a dividend OF 55c,
payable on the 18TH
Mining assessm nts falling delinquent IN october
amount to S24U 100. OF which Nevada mines want
SI776UO. Gallo rnia So $40 aud Arizona $50 600
Following ire the Highest Prices During
the Past Week.