The morning call., 1891-09-03
THE STOCK MARKET.

The weakness that has characterized Potosi ana
Bullion for the past week ended in break yester-
day The generally accepted explanation OF the de-
cline is persistent selling by two or three we'll
known bear operators who have shorted Potosi
right down from 80. These same operators have
a so been active traders In the north end stocks,
Con Cal & Va finding especial favor in their eyes,
but they simply fallen into line with the rail-
clippers and as they have no commissions to pay
can make quite frequent returns on the market as
it acts at present. An example of this was shown
yesterday when one of these operators bought 500
Con Cal at S615 and turned it out again at S65s on
the next call.
There was but little doing on the regular calls
yesterday. Con. Cal. & Va. kept steady at S6I2
06a4, with a fair amount of trading. After the
morning call considerable POtOSi and Bullion
changed hands, the former selling down TO @Z94
under sales OF 2lUO shares, and Bullion to 81 30
under sales OF 1920 shares. The north enders re-
mained steady. on the ESQ call Cor. Cal d va va
was strong aud active at $3.50, and after inc can
showed little improvements savage also ,, "He IA
demand and sold up under active sales closing
strong.
J. H. Mahoney Of the big board has gone East on
Silver was stronger yesterday, selling up to 9s14c
in New YoTk ana 45 3-l6d IN London
Bullion: valued at S7433 "a, has been received
from the Mount Diablo -
shipment OF bullion, valued at $1,000, has
been advised by the Eureka Con.
Local securities quite active yesterday, CALI
fornla Electric Light selling up to $l4 under sales
The assessment on Belcher will be delinquent in
The Crown Point delinquent sale takes place to-
The London. Paris and American Bank has de-
clared an ad interim dividend OF per cent for the
half-year ending June 80 1891, payable imme-
Tie following official letters were placed on file
MoNo2South drift No 2. 700 level, was extended
2l feet Uprase from south drift, same level, was
BoDIE-East crosscut No. J. 700 level,
. LTar Nh
north drift 700 level was extended IA feet Up
raise from No l, east croSscut, 700 level was ex,
tended feet. upraiss from No 2. south DRIFT. 40O
level was extended 3 feet East crosScut, go
level, Jupiter shaft, was extended feet. South
drift. same Ievet. extended feet.
BULwER-CIcaIed out and put IN new IACA III
the main nortu drift 2OJ level. Have started
west crosscut from north DRIFT from east croSscut
( about l65 feet north Of croSSent. Uprals9 rom
east crOsscut from fiat upraiSe was extended Il
feet in vein matter carrying seams OF ore.
SAVAGE-Dur.n .ng the past week have milled the
residue OF ore at the Mexican MIL, being Az IONS,
average battery assay S2l Have bullion on hand
amounting to S26,tOo Are shipping ore 20 Ihe
Nevada Mil preparatory to crushing on the lst
proI. The west drift from new station, fotoSl
Tunnel level, was advanced 25 Ieet: total iehStn
Sqs feet. face I'm porphyry. on th' 500 level have
started a north prospecting drit from the htteehth
face is in quartz On the 75U level the west pros
nectinr DRIFT from the slopes IS advanced 10
feet; face is in quartz aud p3rphyry. on the
drit was advanced Is feet; total length, p feet;
face In quartz and porphyry. Oa the 100 level the
north Irift from the Hale a NOrcro>s side was con
nccled with the east drift from The station OF
the Savage shaft This connection VIII enable Us to
work aud extract the found near our south
boundary throu IN the Savage shaft. On the 1900
Ieve, ths north lateral driIt from the Hale Il Nor
cross side was advanced 20 teet' maklng us total
distance So ieet from the south boundary tace Is
in quartz and porphyry.
HALE a NURCROss-rhe south drift from the
Wine ut the end No, east CrOsScut, 14oO level
advanced feet; total length, % teet; race IS
In quartz and porphyry. On the 1909 Level No .
east crUsscut started % feet north Of 10. east IS
advanced 10 feet. No west croSScut. opposite
No. east, is advanced l25 feet; face is IN quartz
and pOrphyry. Wluze .. started at the end OF 20
> east cr1Sscut is down so feet; the bottom is IN
quartz aud porphvry. The main incline is repaired
and retlmbered 80 feet below the 1870 level.