The morning call., 1891-10-02
THE STOCK MARKET.


Beyond an advance in Con. Cal. & va. on the noon
Informal session. prices showed no particular
change yesterday and trading continued exceedingly
dull. The only favorable news from the mines
lately is from the Savage and Norcross, where the
work is attracting considerable attention. These
stocks, however, fall In with the balance OF the
market, and remain inactive. Speaking OF these
mines the Virginia Chronicle OF Tuesday says:
"a gentleman who visited the 400 and 1900 levels
of the Savage lately says rich is visible at two
points on the l400 at about l40 and 100 feet north
OF the Norcross line. Work is suspended for the
present both these drifts. on the 1900, at a
point approximately under the above was en-
countered In the northwest drift where 1t is ex-
posed for II feet Samples from the above gave
the following results: Sl2 40 gold S24 81 silver:
total 1856 rs. An east crosscut so feet north OF
this in ~ feet assays from the face $27 40 in gold
and SOL IS silver; total $T9 20. Work is also sus-
pended here Forty-seven feet north OF the above
another has been started and advanced
SIX feet the face in the roof cutting into ore, sam
total S35 81.
The above developments are some 200 feet east
ago. consequently there is plenty room FOR
the developing OF large ore body which the pres
ent prospect would indicate
ON the early call prices showed no change, Ophir
selling at IS 80. Mexican 81 40 Best Belcher
81 10 and Con. Cal a Va. $559. The middle aud
southenders were trihe weaker, but dun. After
the call there was better feeling In the leading
northend stocks, Con. Cal. q Va. selling up to rs
advanced TO 81 80 under sales Of 1l70 shares.
These prices did not hold IN the 2:30 session, but
weakened off under very small sales, and the
board closed at an early hour, owing to the slack
business.
A dividend of 20 cents per share has been de
and one of 81 per share on Pacific BOraX
The reduction works of the Eureka Con. Mining
Go. have closed down for indefinite period.
Prospecting work, however. will DO continued in
the mine.
The feature of yesterdays stock and bond trans
actions was the inrther advance In Union lHsur-
ance stocd TO SlO9. These shares have advanced
from SS7 to SiO9 within week. 1t seems that the
Alliance Assurance Company OF London has made
a proposition to the Union insurance stockholders
to take the good Will and assets OF the company
make an addition to the capital aud continue the
business under the present name OF Union InSur-
Company, with local directory. The whole
matter Is In the hands of attorneys to settle the
legal points involved fhe organization Will be as
purely local now, though the policy Of the COM
pany WILL of course, be controlled by the Alliance
OF London in case the transfer is made. The ALI
auce is one of the old companies OF London with
a capital OF to 900. 900. of which G55oOO0 has
been paid up. IL has never had any connections in
this country. but desires TO form the connection
under consideration. The change would make the
Union stronger than ever.
sessments fall delinquent In board to-day.
Bullion valued at $4,000 has been received
Silver was a tribe better yesterday. selling up to
1850, against S71sc as the closing price Of
The Yellow jacket is shipping about twenty tons
OF ore daily to the Union null.
SEC BsLcHER-The west crosscut from the south
lateral DRIFT the 60O-fUot level has been
tended l6 Ieet during the past week and Is out
total distance OF 35l feet the face Is in por-
JusTICE-The south DRIFT from No. 2 crescent
622-foot level cleaned out and retimbered dur
south drift on S22-foot level was advanced 9 feet
during the Total length, 4 feet. The face
is ia Owgrade quartz The north drift on this level
is out total distance OF 500 feet The face is in
fairgrsde ore.
below the north crosscut on the lOOO-foot level
feet; total depth, SO feet. The bottom is all in
sreak about the south DRIFT from the north raise.
rhe streak holds Its width, but the grade IS lower
than last week. Tie north drift from the Crown
Point west croSscut on tine 5OOfoot level 10 oIt %
feet The face is mixture of porphyry and low
grade quartz.
CONSOLIDATED IMPERIAL-The north raise from
the 40Ofoot level is up IL feet. The top shows
quartz having no value. East crosSeus on the 5Ou-
foot level Is out Is feet The lace SHOWS ture
Of clay and quartz. The joint Challenge and I'm
perla west crosscut this 100 foot level is out
$50 feet The face shows quartz having no value
CONFIDENCE AND CHALLENGE CONSOLIDATED
The joint Con dence and Challenge west croIScut
on the 200 level Is out 100 feet. The face shows
quartz having value Sons necessary repairs
are being made In other parts Of the mine
BELcHEK-Have stopped the west cross9ut from
the bottom of the raise the 200 level and started
east crOsscnt opposite II. This croSscut is now
IS feet and the face is in porphyry with streaks
OF quartz through 1t. East crosscut 2, on the 800
level In the west ledge, is out 81 feet The face is
In a mixture OF porphyry and clay.
Grown ToISr-Have stopped the east crosscut
on the 500 level and resumed work IN the face OF
the south DRIFT from the main west crosscut. This
drift is now out no feet. ana the face Is In low
grade qulriz somewhat mixed with porphyry. The
west crOsscut from the south lateral drift on the
800 level is ont % feet. The face Is in porphyry
with small seams OF iair-grade ore.
HALE a SoRCRoss-pn the 100 level from the
crosscut northern boundary, ex-
tracted seventy-seven cars Of iairgrade ore. On
the 1850 Ievei we stopping out some ore Of good
quality, but the streak IS narrow. On our north
boundary on this level. We have started joint
west crosscut with the Savage Company. The
ii ftp &C. feat n "a raj nj
On the 1900 level we nave discontinued work in
the west prospecting drift from No. winze, and
have resumed sinking the wuze. 1t IS now down
g5 feet. We have put in the station set for the
1880 level, aud are now rettmberiug the incline
from this point to the Sutro Tunnel Level. We are
now sending all the incline waste rock through the
SutrO Tunnel.