The morning call., 1891-08-23
THE STOCK MARKET.

Atno time in many months has the condition OF
the mines been more favorable to high prices than
to-day. The work now being done in the Con. Cal
d Va, POtosi, ophir, Sierra Nevada and Union Is
such that change Is liable TO occur at any time.
There is denying the fact that the insiders have
the bulk of the above stocks closely held and
should an ore development be made in any one of
these mines 1t would have very beneficial effect
on all of them. Connection with Best Il Becher by
the Con. Cal. Va. on the 100 level will give the
latter company the much needed ventilation. and
will allow them to thoroughly prospect large
amount of virgin ground where the indications for
ore are encouraging. Then there is the South End
where they rapidly lowering the water pro-
paratOry to prospecting the lower levels where
good ore is believed TO exist. Anent these opera
1.-TWO large air compressers being put ND TO
furnish power to the Dow pumps in the Crown
th oher at tSs cra e Po,ntG h smart and
ready to work in about ten days. This Will give
viii aord snfc,snt nnwar rs rn tha Nm smae tney
to the 2u00 level II necessary, though soon as
connection is made with the Beicher on the 1900
level 1t Is proposed to run powerful stationary
pump on that level by steam. This cannot be done
CUTTING out Station ON th Zoo level fer TS Sa OF
ceptlon OF stationary pump is nearing compile
tlon. An excavation has also to be made for
tank Into which the sinking pumps VIII pump. and
from which the stationary will take its water.
they expect to be able to 81 start The stationary
and men have TO work there at great dlsadvan-
TO pumping they feel satisfied that they will reach
the 1000 level In short time"
The market ope~ed tribe weak yesterday morn.
ing with decline In all OF the leading north-end
stocks. Sierra Nevada was the greatest sufferer
sales being made down to So Business was rather
dull. aud outside OF the $50 shares OF Con Caiifor
MIA a Virginia and the 800 of Sierra Nevada but
little was done. After the call prices hung fire and
showed no particular change at the close.
NOTES.
The Yellow Jacket is shipping 100 tons daily of
gold-hearing rock 10 the Santiago MILL and rs tons
OF stlyerbearing rock from the upper levels to the
vivian MILL
The EXchequer assessment falls delinquent In
board tomorrow.
Bullion valued at s52 ISL O5 has been sent to the
Carson Mint from Con California 4 Virginia, being
the first shipment August account.
Bullion valued at sl5,466 was received by the
0yerman yesterday.
Hank Murray. the mining operator, leaves for
Mexico Wednesday.
The weekly letters from the Qui1otoas are as fol-
lows:
44Ofoot level has been advanced TO 179 feet during
the week with no change of any Importance in the
character of the formation since THAI OF last report
PEERLESs-The west crosscut on the 600-foot
level was completed during the week, showing the
vein to be 10 feet In width at this point, mostly
all OF 1t being in mineral-stained quartz. showing
some of fair grade. The south drift on the
vein has again been resumed and In PIP
feet the face showing in same character OF vein
matter as that of the west crosscut.
PEER-The extraction OF ore from the slopes on
the l00foot level continues regular and is of good
milling grade Sinking was suspended in the shaft
during the week and dri ting north on the vein on
the l5Ofoot level commenced. Twelve feet have
been made, showing the vein strong in the face,
from which good ore is being extracted
MISUNDERSTANDING the week the Wine on the 100
foot level has been sunk to IS feet with change
of any Importance in the character of vein from
that last reported
Following Are the Highest Prices During
the Past Week.