The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-06-11
THE STOCK MARKET.

Prices received quite cutting during the different
calls yesterday, and reached the lowest figures for
many weeks. The slaughter began on the $3.50 A.
NJ call, when ophir was knocked to 81 so by Joe
King. Mexican 81 So Curry 81, Best & Beleher
50 SIS, and Con. Cal. & Virginia SO 1903 o212.
But 1t remained for the noon informal session to
bring tears 70 the eyes OF the bulls. When Joe
Marks, LONG and Stauf began selling Con. Cal. 81
virginia downward until So rs was reached, gem
erd desire to get out at any price was shown by the
chlppers and the consequence was that eveTythin g
on the list suffered 0phr sold from 81 So 81 05
under the sale OF 1880 shares, Mexican 81 1902 40
TO the sale of 465 shares. Best 81 Becher So $50
3 20, Coz. Cal. & Virginia 50 6212@s rs under the
sale Of 1850 shares, OF which Bob Morrow
very heavy buyer The balance OF the list showed q
corresponding decline and the market closed very
weak at the noon recess. But opened little bet
ter under fair amount Of sales IN the 2:30 P. NJ
session, Homer s. King standing in and buying
nearly all OF the leading north end mines.
NOTES.
Atlantic Dynamite has declared a dividend OF 40
cents payable on the 18TH.
An assessment of 10 cents per share has been
levied on Teresa and OF 20 cents per share on the
Cara Con. Mining Company.
Local securities remained duh and inactive, the
sales being confined TO 200 Hawaiian Commercial at
80 70, 100 London and san Francisco at S37 %. o
$s6. VI 0@'O'liA A' ~ anu % spring "''e' az
Silver showed a little Improvement yesterday,
selling at 975sc in New York, and ABA in London.
The assessment on Con. Imperial is delinquent in
the Office to-day.
The midsummer vacation Of the Stock Exchanges
Will commence Wednesday. July LIST. at 4. P. NJ and
last until Tuesday. the 7th at IL a. NJ.
he Virginia City Enterprise says that there is
enough loW-grade the COmstOck In sight to
keep all milling power running lor twenty years
Can il be milled at profit, and how? On the 1850
level Of Con. Cal. & Virginia there is body of
clean white quartz 100 feet wide which Is known 10
extend TO the l4O0 level The mass of this rock viii
assay from 80 to $40 a ton. To mill this ore
there would be no expense OF prospecting at
would advance the following plan to mill IL cheapiy:
Dlsmantle the Dig California mill and set
up the pans, a few feet above the SutrO Tunnel
level, conveniently the shaft. Run the bat
tery-mtll with q surface Pelton wheel. Place an
other Pelton wheel on the 500 leyei and run more
batteries II necessary The same force OF water
which the surface PelIou wheel is piped to the
500 level where it turns a wheel, and then pped
TO the Sutro Tune! level, where IL runs the ANAL
gamating pans and settlers. The power landing
squarely on the tools there is no loss in endless
transmission There Is a suiheient volume OF wafer
flowing through the Sutro Tunnel TO carry off the
tailngs to the mouth of the tunnel where they may
DC collected and worked over at the river mills.
Having cheap motive power they could afford TO
put in penty OF pan capacity aud work the to
much better percentage than II Is now being
wOra ed-and get dividends of SO rock.
The following official letters were placed on file
Hale a NoRcRoss.-Ou the 400 level the north
Wine rom No. east croSScut IS down l55 feet to
the 1900 level. Tae Joint wiuze from the No 5
east crOsscut on south boundary has been extended
10 ieet. making its total 40 feet. The bottom is
most all In quartz giving low ASSAYS. ON the 1890
level the north lateral DRIFT advanced 80 feet,
making total distance from the station 80 feet.
Ihis drift Will soon be connected with the south
Wine from the 400 level aud will then be able TO
crosscut ami thoroughly prospect this level The
south lateral drift from the station this level
was advanced rs feet, making total depth 90 feet.
Face is IN quartz aud porphyry. Have resumed
WORK in the main incline below 1900 station. Have
retimbereI the same 20 feet below this level
SAVAGF.-Duriug the week they hOiSted $40 cars
Of from 500. $50, 500, $50 and 400 levels,
shipped TO the Mexican mill 5i234 tons and milled
$40 tons; average battery assay, SIT %. Have
bullion on hand amounting to $1,000. The E-street
tunnel has been advanced so feet making its total
distance 700 feet. The west drift from station
at POtositunnel level has been extended % feet.
making its total 80 feet from the shaft on the 750
level they are extracting ere OF good quality. On
the $50 level the south upraiSe has been carried up
% feet. They are saving some ore from this up
raise. On the 100 level the north drift from Hale
& NorCrOss side advanced 10 feet. making the
total distance l35 feet from south boundary. This
drttt is in solid body Of quartz, but not quite
good enough to save for pay On the 400 level
have resumed work I'm the face Of the main north
drift, and have advanced the same p feet; face,
quartz and pOrphyry. The east winze from this
Level is down - feet, bottom in grade quartz.