The morning call., 1891-09-11
THE STOCK MARKET.

The stock market opened quietly yesterday
Prices showed little change on the ealy call over
the closing on Tuesday but weakened off again on
the informal and the 2 80 afternoon session.
The news from the mines confined to the
weekly letters, but Tuesdays Virginia Enterprise
contains the following, which. If true will be
great feather in the caps OF tho west Ledge The
orists":
The Sierra Nevada people have demonstrated
beyond all doubt that the syenite footwall OF the
ComStock is not the limit OF ore on the west After
passing through syenite casing 700 feet thick on
the west the crosscut went through g feet of clay
and gu rtz and then entered as likely a vein forna-
tlon OF quartz and porphyry, which 1t penetrated
for 20 feet be found anywhere.
The rock that the crosscut is penetrating
yields assays in gold and silver and there be
question but that 1t Is separate and distinct ledge
formation, the value of which time, money and
muscle will reveal.
On the early call prices Were trife better ophir
selling at So 50, Mexican So 90. with an assess
ment added Best Il BeIcher SO so aud Con. Cal.
and Va SIS S712 But these prices did not hold,
sold down TO ST so under sales OF $50 shares, of
which Homer King was the principal seller. The
balance o. the North End stocks also q tribe
lower, and closed weak.
The annual meeting OF the Belle Isle has been
called for the oath.
The Mount Diabo reports q cash balance Of
S697 70 September 9TH.
Bullion containing l2l39 ounces Of silver has
been received from the Holmes mine of Candelaria,
New.
p c. Hyman the mining President and onerator
SILVER was fairly active in New YORK yesterday,
being quoted at 9Sts.
declared dividend OF s. per share.
The Atlantic Dynamite dividend OF 81 per share,
the California Powder COmpany's of 81, aud the
State Investment insurance Companys OF 81 are
payable on the 18th.
dividend of 20 cents per share September 18TH
The water has been lowered in the Alta shaft I6
feet below the 1850 level, and the Cornish pumps
have been retrieved and being put in
dition for work The Alta contract calls for the
holding of the water at the 1850 level and it is
proposed to do SO with the Cornish pumps as soon
as they are repaired.
stationary DOW pump has been placed at the
new 17O0-level station OF the Crown Point incline,
and another will be placed alongside of 1t In alb
week. They have plenty OF compassionate power
TO operate these pumps anu 1t is proposed to go
right down lowering the water as soon every
with the Becher incline the stationary pumps VIII
be operated by steam and then it Will only be
matter of few days to reach the 1000 level-the
present objective point.
The following official letters were placed on file
MoNo-South drift 2, 7O0-foot level. was e1-
tended 10 fert. Uprase from above drift was ex
tended Is feet
BoD1E-East crosscut l, 7O0-foot level was ex-
teuded - feet East crUsscut 2, 70O-Ioot level,
was extended II feet Uprase from south driu p
40o-foot level was extended 10 feet. East crosSeut
25U-foot level Jupiter shaft. extended 90 feet.
Sosth DRIFT, same level, was extended feet.
BULwER-West croSSCut !, from north drift from
east crosscut 4, 2GOfoot level extended 9 feet.
Uprdise from east crosscut from fiat uprase $50
foot level was extended 10 feet In this upraise
there are some good branches of milling ore.
HALE q NoRcaoss-The north drift from the
Wine at the end of east crOsscut was advanced
20 feet; total length 100 feet. Face is in quartz
giving some fair assays. On the l500foot level,
crOSscut g. started opposite east erosscut B. is
advanced 1875; face is in porphyry. winze 2,
started at the end OF east crosscut 2 is down 70
feet. On the HOO level they have started
crosScut on the north boundary and have advanced
same 20 feet. The main incline is repaired and re-
timbered IT'S feet below the l5oU-foot level.
SAVAGE-During the week have hoisted 22S
OF ore and shipped TO the Nevada mill $50 tons and
miled 400 TONS average battery assay, so ST.
have bullion hand amounting to Sb636 AZ, The
west drift from the new station, Potosi tunnel
On the $40 level the north prospecting drift was
on the $50 level the west crosscut IRON the south
drlit is advanced 35 feet face is in quartz carry
ing some pay. on the 1900 Level the north lateral
drift from the Hale and Noroross side was advanced
70 feet making its total distance 10 feet from our
south boundary. This drift exposes for distance
of ~ feet along its east side ore OF good quality
SEGREGATED BELcHEH-The west crosscuI from
the south lateral drift the 6OU-fOot level has
been advanced feet since the last weekly report
and is now a total distance OF 1888 feet, The
face of the drtt is In mixture of porphyry, clay
and low-grade quartz with an Increased how OF
KENrUcK CoN-Have sunk the wnze from the
north crosscut l0O0-IoOt level four feet during the
week. IL IS down fifteen feet and timberod for
that distance. The bottom IS in quartz of low
grade Have started raise on the ore streak above
the south DRIFT from the north raise l000Oot level
1t is up three feet above the top of the DRIFT.
JUsTICE-The south drift on the 3TU-foot level
is out thirtySeven feet, aud the face Is mixture
OF clay aud quartz The south DRIFT from No.
eros cut, 622 level. has been cleaned out and re-
a =
a south drift from No. l crosscut, S22 level, which
is out total distance OF twelve feet The face is in
low-grade quartz The north drift on this level Is
out 500 feet The face Is in fair-grade
CHALLENGE Coz. AND CONFIDE&CE-The Joint
Confidence and Challenge west crosscut the zoe
foot forty feet. and the face is IA quartz
having value. The Joint Confidence and Chal-
enge north drift on the 30O-toot level is in 400
feet the face is in quartz having no value The
Joint Challenge and Imperial west crosscut on the
llOO:Oot level Is out l46 feet, and the face Is in
mixture of quartz and porphSry.
CONSOLIDATED lMPERIAL-East crosscut Ne. l
on the 400-foot level is out 80 feet aud the face
shows porphyry. The jont Challenge and I'm
perial west crosscut the ll0U-toot level is In
las feet and face is IN mixture OF quartz and
porpAyry.
BELcuER-The west crosScut from the south
DRIFT from the 20O-foot level raise is now out ~
feet. The face is in porphyry and quartz, con-
tanning spots aud bunch=s of ore. The west
crosscut on the 3O0-foot level west ledge, is out
a total stance OF 81 feet. The face is IN por-
phyry wlth streaks of ow-grade quartz through Ii.
CRowN PoINT-The south drift from the west
crosscut on the 5O0-foot level is now out Al feet.
The face Is IA pOrphyry, with streaks of low-grade
quartz through it. The west crosscut from the
south lateral drift Is out total distance of %
feet. The face is in porDhyry with small stringers