The morning call., 1891-06-25

ITlCeS continued on the uOWn SfdQ6 yesterday
and under light sales Con. Cal &c Va. touched $63s
the noon informal session, 2045 shares changing
hands at prices ranging from ga to SIS. There was
particular seller, and the clippers the lead
ing buyers. The middle stocks also came in for
cut, and Potosi, that heretofore has been strong,
weakened off to 314, Cholar 81 so. and Hale Nor
IA, the market closing dull and heavy at the
On the 2 80 O'Clock call business con-
tinued listess, Ophir declining SO and Con. Cal.
Va remaining strong at IS. under the sale of 800
shares Chollar sold at 81 so, Potosi recovered to
SO u, and Noreross to 81 80, the balance of tho
market showing little change.
NOTES
The Savings and Loan Society has declared
semi-snnual dividend at the rate OF 5 and 4-1O per
cent per annum on term and " per cent on ordin-
AIRY deposits, payable July lst.
The French Savings and Loan Society has declared
semfannual dividend at the rate OF and Al per
cent term and Ala per cent ordinary deposits,
payable July 9Th. California Safe Deposit Company
one of and 4-l0 per cent on term and ~ per
cent on ordinary deposits payable July LIST.
Silver showed cons derabie fuetuation yesterday,
advancing from l0OLa to lOl1s, aud declining
to l00A. In London 1t was steady at 40 ed.
Local securities were rather easier viii be
by the list of sales below.
William Fries, President OF the Eureka Con-, re-
turned from the mines yesterday.
The annual meeting of the Overman has been
called for July 9th.
A shipment OF nine bars of bullion, containing
1O,22l ounces OF silver has been received from the
Holmes mine.
The following letters were placed on file yester
day: Hale Il NorcrOss-The north and sopth drifts
from the stat on from the north winze, so feet
below the 400 level, have been advanced l5 and
II feet respectively, both these drifts show some
ore OF good quality. The joint wnze from No. 3,
east crosscut on the south boundary, is down IS
feet below the 1900 level, bottom quartz and
porphyry ON the 1909 level the south lateral drift
was advanced 20 feet, making its total II 5 feet
from the station. The north lateral drift was ad-
vanced 80 feet making its total $50 feet from the
station. In this drift at point 10 feet from
the incline, we have started west crosscut No. l.
and advanced same IL feet; face Is all quartz, Civ
ing 10" assays. Inc main incline has been re-
timbered 10 feet. and is now in working order 80
feet below the 1900 level
SAvAGE.-During the week have hOisted 500 cars
OF ore from the 500, $780, 800 $50 and 1400 levels.
Shipped TO the Mexican Mill 5441a tons and milied
6lO tons Average battery ASSAY SIC 81. Have
bullion on hand amounting To S20,58l. The west
DRIFT from the station POtosi Tunnel, was ad-
yanced Is feet, making It's total las feet from the
shaft On the $50 level they are extracting ore OF
good quality on the $50 level started drift west
from the top OF upraise 10 connect with winze from
800 level. This dritt is advanced 90 feet; 1t
poses a width OF 10 feet of good ore. On the 400
level the north drft from the Hale Norcross side
was extended is feet. making its total length 1856
feet This DRIFT continues in quartz giving some
lar assays. On the 400 level the last crOsScut,
No. 2 from face of the north drift advanced IS
feet, face in quartz and porphyTy The east Wine
on this level IS down 40 feet No material change
since last report.
The annual meeting of the West Con- Va ana Cal
Mining Company was called for O'Clock yesterday
afternoon, aud at that time oscar G. Steele was
present with his attorney and served notice OF
summons and restraining order signed by Judge
Wallace. upon the present Board of Directors: NJ.
w. Fox, J. w. Brown, Oscar C. Steele A. ID. Carvell
and w. I. Baggett: and also upon L. H. Andres, as
Secretary, restraining them from voting SO 900
shares OF stock and holding election OF officers
for the ensuing year Upon a demand by stock
holders Mertins Sisenvini Curtis, Nouges and
Steele upon the President that he call the meeting
order as grounds for refusal A demand upon the
Secretary for statement of the receipts aud dis
burse uents OF the company was also met with re-
fUsal, and upon motion TO adjourn the nesting
adjourned until Wednesday, Ju!y 9TH, this reason
beng given that there was not present majority
of the capt. stock
At the annual meeting of the stockholders OF the
North Belle Isle Mining Company held yesterday
S3.l4l shares were represented and the following
officers elected for the ensuing year; L. Scott,
President; f. A. Berlin, Yice-President; George w.
6raySOn, Thomas Bell and Thomas Brown. Di-
rect0rs J. W. Pew was reelected Secretary and
his financial statement showed an overdraft of
$23.S56 80, but the company has an offset against
this in now being crushed at the Union Mill the
bullion from which, it is expected, Will wipe out the
OYerdratt.
The superintendent annual report was as fol-
lows: "rhe opening of the year found the cOncen-
TRAITOR running, aud on January % 1891, IL
closed down, during this time there were crushed
1929 tons OF ore. yielding 432 tons OF wet cOncen-
trates, assay value 1925 p per ton. This run was
not continuous aud covers but 100 days actual rum
ming time, concentrating having been Interrupted
from November Goth to December 18th. or this
ore North Belle Isle furnished 64o2 tons. Belle Isle
1857 tons and Nevada Queen 80 tons In addition
to this North Belle Isle has furnished 1888 A. tons
OF ore TO the Grand Prize coneehtrator which has
yielded 100 tons of wet concentrates. assay value
s. 80 20 per ton
During the } ear have hoisted through North Belle
lsie SHAFT 1853 cars from the various Levels, and
sent to the - II 902$4 tons. assay value $3.50 per
ton. Or the 600-fOOt level SoS feet Of excavation
has been made. The vein formation on this level is
very wide aud in places yields hIgh-2rade No.
upraise was put up ~ feet vertically with view
of prosecuting the numerous seams OF rich indi
Gated at that point on this level Throughout the
entire distance these were encountered one above
the other pitching very fat but none of them being
OF very considerable width, though the carried
Dy them was uniformly or hlgh grade. Between
No raise aud No. chute considerable frsg-class
ore was obtained, but beyond that the vein wideued
out and tue rich scattered through II making
TOO low grAue Tor anything out concentrating. At
present the work on this level is confined TO two
crosScuts near the shaft running east aud west to
prospect two ledges at that point.
From the 50O-foOt level Z97 feet of excavation
has been made from this level slopes were car
ried up Oh the vein from which most of the first
class ore milled was Obtdiued Ia extending these
slopes the ore was found making strongly south-
ward and the voln growing wider the ore scattered
through It, making it necessary to break stOpe 10
70 Ieet wide In places, most OF IL being a good
grade OF concentrating after taxing out the
frst-cass ore This ground was stopped south 10 No.
chute. South of this there Is still remaining
large mass OF unknown extent OF secOnd-"laSs ore,
showing more or less good ore In seams through il.
This ore Will be prospected by extending the 500
FOOT Level further south, under and iuto II. In
raising the 50OfoOt slopes It became evident that
some OF the ore would come up considerable dis
400fOot level therefore 20. / crosscut on the 400
foot level was run east and struck the first OF
ore 81 feet east from the main gangway on the 400
foot level. and for over 20 feet these seams were
encountered; drifts were started north aud south
on the widest OF them developing fne prospect of
good ore Slopes were started on TINS ore which
was found to be considerably scattered for awhile.
out OF late IL mas Oeen looking better and DDS
air to vi cid considerable ore. At the south end
the dip o. this ore being very fat It expected
that IL Will come up considerable distance OF
the Slopes, on the 300toot level AT the south end
of the mine 744 feet of excavation has been made
thr ough the Belle Isle 45Ofoot level which CORE
spends TO the North Belle Isle 50O-foot level The
vein az this point is large and strong with occasional
punches OF nne ere which were found more fire.
quently and OF larger size the drift extended
north. until at length the whole vein showed pay
ore across the face and seems certain that the drift
had entered the south end OF the anticipated ore
body AT this point a fault was encountered rua-
ming northeaSterly ana southweStery aud cutting
the vein entirely off indicating considerable throw
to the northeast After getting beyond the fault the
drift turned parallel to the fault with q view TO
cutting the ledge again.
The total length Of drifts aud other excavations
from the various levels amount 2432 linear feet
The rich recently found the 350-foot level OF
the Belle Isle has been drifted 20 within 80
feet OF the North Belle Isle flne and IL Is hoped It
may continue on and across the line In TO the North
Belle Isle ground. South OF the North Belle Isle
shaft, and below the 150fOot level for length of
700 feet to the south end line OF the claim there is
which IL is intended to prospect by crosscuts from
the 400-foot gangway. This gangway is a drain
drift run In the country rock and does not touch
the vein at any point. Nor there any crosscuts
from IL to the vein for $40 feet OF its length This
territory situated as 1t is the ledge between the
ore body OF the Belle Isle the south. and the
North Belle Isle ore bodies the north is believed
to be rich In possibilities and worthy of being thor
oughy prospected.