The morning call., 1891-08-21
THE STOCK MARKET.

There was a little drop in prices yesterday, and
Fitch. who had been an active buyer ON the pre-
vious day changed his front and began selling Con-
Cal. d va, and was not satisfied until he had
forced the price down TO 65 At this figure Eos ter
began buying and raised the price to 50 where it
rema ned the balance of the day A dron In Potosi
was also noticeable it being forced down by a line
OF short sellers, and IL Is hardly anticipated that til
stock Will carry Its assessment OF fifty cents which
is delinquent in the boards today
NOTES.
Silver showed quite varied fuctuation in New
York yesterday, selling from IS to 9sI4c.
Colonel E. u. Boyle Superintendent of the Alta,
is in the city.
Mining Companies are delinquent in the board
to-day. so Wv ~
mines were placed ON file yesterday:
SEC. BELCHER-The west crosScut from the south
lateral DRIFT on the 500 level has been advanced l
feet during the week. making the total length 2si
ieet the lace is in porphyry and quartz yielding low
assays
BELcHER-Have stopped the south drift from the
100 level. east raise. and started west crosscut
and porphyry, giving low assays. The west cross
cut on the 300 level has been extended to a total
porphyry, clay and streaKs of quartz A small
stream of water struck and the crosscut stopped
opposite 1t was started and is now out feet. The
face is in porPhyry and iow-grsde quartz
JusrIcE-Started south drift from the $40 level,
which is out i feet The face is in pay. Have
cleaned out the old 622 level east crosscut No for
engaged clean
ing out the south lateral drift from It. On the 81
level have started north DRIFT from west crOsscut
quartz The north drift this level has been ad-
vanced feet and is now out total distance of 77o
feet. The face is in low-grade quartz
KENTUCK CoN.-The west crosscuu from the $50
Level raise has been advanced 10 feet Total eagth
ting out to the west from the set below the north
crosscut on the 1000 level through quartz contain
tanned VIII erect windlas. with the sSea OF con.
tlnuing the wnze below THIS level. Are stlIl fol-
lowing the streak OF pay south from raise above
since last report.
CHALLENGE AND CONFERENCE.-THE toint Chal-
Is out 90 feet. The face shows mixture of quartz
and porphyry. The joint Confidence and Challenge
north drift the 200 level is SAB feet The face
Is in quartz having no value. The joint Confidence
ana Challenge north DRIFT the 800 level is IN 1888
feet The face shows quartz having no value
CoNsoLdDArED IhPERIAL-West crosscut No. l
porphyry. The joint Challenge and Imperial west
erosscut on the 100 level is out 100 feet
Is In a mixture of quartz and pOrphyry
CROWN PoIST-The south lateral drift from the
3O0 level, south wnze Is out 102 feet The face is
work in the 500 level, west crosscut which is now
out 2s4 feet The face is in porphyry with streaks
sun flowing from the bottom OF the winze The
east cTosscnt from the south lateral DRIFT the 1000
small streaks OF quartz through it.
Al me annual meeting OF the stockholders OF ths
Aits Mlnihg company Yesterday 8S $50 shares were
represented and the following officers elected:
Monroe Thompson, PRESIDENT Il. N. Graves Vice
IIesIueill anu D IL whitney, y. +. Martin and L.
osborn, Directors. L. Osborn was reelected Secro-
tary, and his financial statement showed an indebt
edneSs OF 1886 SO.
The superintendent annual report was as fol-
lows:
Up to January 5th OF the present year, the date
OF closing down the mine, extracted from the
slopes OF the $40 level 1850 OF ore the assay
Halue OF which was, according to battery as say,
Sl3 ~ per ton. he ore In the slopes got so poor
that IT would not pay for reduction c0nseq uently
we suspended all operations in the Minis January
9th. On May Sd we resumed prospecting on a
small scale above the 725 level, but finding nothing
OF value we abandoned 1t, and having entered into
an agreement with the Gold Hill Pumping AssoCia-
ticn about the middle OF June TO assist them in
work, such repairing the drain tunuei boxes,
pipe. etc. which fUund to be In bad condition
being Completed. We commenced hosting water
with two 7OUgailo tanks and Ia "a days we
the water from the 1850 level, where 1t stood 10
point 81 feet below the 1850 level. AT this
owing TO the unsafe condition OF our cables, and
started in TO put the pumps in WORKING condition.
the shaft St feet, besides filling up the 1850 and
1850 levels with their long drift Connections cross
cuts and wines. together with ponding open
lngs In the Justice mine With pumps and tanks
While repairing the pumps l opened a station be
tween the 1850 and 1850 Levels eastward and the
last blast exposed low grade ore in the face. We
are not doing anything there now since COM
menced tauking, AS our whole energy is directed to
reaching the submerged pumps before the packing
gives out In them. They are doing remarkably wei
thus lar considering that they have been under
water Tor seven years, and have hopes of getting
10 the 1000 pumps before the last this
month. With tue mine drained TO 1850 level. 4
very important section extending to the 1850 level
Will he ready for exploration, and although is
known to exist in all the intervening Levels little
or nothing is known OF Its extent, but predict a
season of prosperity for the company when this
ground IS opened up.