The morning call., 1891-08-26
THE STOCK MARKET,

Some cheerful news was received from the mines
yesterday ani corresponding advance in prices
resulted North md south drifts are TO be started
In fair grade ore body 1S feet wide, that was re-
Gently cut by the east drift from the winza so feet
below the 1850 level of on. California Virgi ia.
This drift Is ont 125 feet from the winze and has
not as yet reached the east wall. Air pipes and
other preparations necessary to start up the
cuts on the HOO level are also being made. News
was also received from the 400, 1901 and 100
levels OF the Savage of an encouraging nature and
the stock was in demand during the day
On the early call very little trading done and
prices were generally heavy, but toward noon bet
ter feeling was manifested and prices showed an
advance. Potosi and Savage were particularly in
demand and the whole market closed strong. In
the 2:30 O'Clock sess lon there was a strong demand
ophir sold up TO So so. Mexican s2II, Best &
Belcher s3 40 Sierra Nevada SIS 20, and Con. Calf
which Barrett AMI Epstein were tho principal buy
ers Potosi advanced to So 80, under sales OF $50
was str ong at 81 so. The south end stccks showed
narti cular change but remained steady and IN
active. After the call the market remained steady
aud looked well at the Close
NOTES.
Silver was lower in New York yesterday being
shipment of bullion, valued at 81. 900. has. been
shipped from the Eureka Con-
The annual meeting of the Grand Prize has been
called for September 10TH
An assessment of cents per share has been levied
1880.
Joseph Marks, the broker, Is confined to his house
by illness.
Hank Murray the mining expert and operator,
left for Mexico yesterday.
A new ore strike has been made in the Ruby Hill
Tunnel at Eureka, New. Not enough work has been
done to Determine the extent of the body. The
wora has the appearance of being the outer edge
OF goodsized body. The greater value OF the ore
IS In gold. an average sample assaying S22 in gold
ana 81 in silver. The tunnel does not enter Ruby
HILL as Its name would seem to imply, but into
Prospect Mountain from the west side and near the
north end. The tunnel Is IN distance OF 1900
ieet Other good indications were passed further
back More attention will he devoted to drifting
aud prosecuting from this time on.
The weekly report from the Holmes Is as follows:
7OOfoot ieyel-The sutherland tunnel upralse has
been discontinued and drift aud stope started
from the same, which is producing some assay
Ing S35. The Stope below the Sutherland tunnel is
producing ore assayng about $3S. S00-foot level
The stope underneath this level is producing
saying $3S. l0O0-foOt ievel-The stope from the
WINE below this level is producing aSsayi
$53. The stope south of the place last mentiOn cd
Is producing ore assaying S27. The ncrth stope
ABOVE this level Is producing assaying S32.
1IOJfoOt Ieyel-Ihe Stope from the YANKEE winze
- producing tue usual amount OF aSSaytng about
S45. I2Ou loot leyel-The stopc below this level is
producing ore asSaying $35. l300-foot leveI-The
Slope from the south wlnze is producing assay
lag $40. The stope from the Old Northern Belle
tOotwail winze Is producing ore assaying $2S. The
COrklI slope Is producing consderab Die assayng
$50. 15O0-foot level-The tIpe from the north
south 'rOSscut on this level has been advanced =
feet during the week, face in low-grade ore. The
horth lateral DRIFT from this cr0Sscut has been ad
vauced during the week II feet. showing punches
OF suiphuret ore in the face. Have mled during the
week 2O4 tons OF ore average battery assay S3l o.