The morning call., 1892-08-25
THE STOCK MARKET.

The market opened steady yesterday, but
weakened OFF again and declined still lower as the
day advanced AT the weekly executive session OF
the san Francisco Stock Exchange the members by
q vote of 80 to IA voted 10 abolish the $1,000 life
assurance carried upoa the lives OF many of the
members The members also voted not TO purchase
any more OF tho seats at $500 on the board &C
count, as II was placing too much power In the
hands OF a few wealthy members
During the afternoon session a resolution to
amend the bylaws as regards the monthly dues OF
IS SO that they be abolished was also introduced.
and Will probably be carried.
The force of miners has been Increased In the
south-end mines aud the pumps will be started up
In few days. Superintendent Sharon thinks that
they viii then be able TO completely drain the
mines, all that now remains being the completion OF
a few minor repairs.
While prices were steady. trading was duh on
the 8 80 a. NJ session, and Mexican sold az 81 TO-
Carry zoe, Best 4 Belcher 81 10, Sierra Nevada
S5e, Union 9Oc, and Con. Cal Il Va. So 10 Nor
dealt Ia and sold at soc In the southenders
Belcher sod at 90c, Caledonia l5c, oyerman 25c,
On the 2:30 p. NJ. call Prices were very weak.
walls sold everything on the list and considerable
BeIcher 81 %, Mexican 81. Con. Cal. a Va. sS and
the nalsnce OF the list in proportion
After the call there was very little doing and no
change was 10 be seen at the close.
NOTES.
W. f Sharon, the mining superintendent, IS In
An assessment of loc per share has been levied
SILVER remained unchanged YESTERDAY selling at
s2s4c in New Ork and 81 l5-l6d in London
quite an important strike is reported in the
South Eureka mine, situated on the mother lode i'm
Amador County. The ledge has widened 10 over l2
feet ana YES assays running from 50 80 to s. 20
per t9n anu is stiil Improving This property is
owned by san Francisco parties who Intend de-
yeloping II TO ITS fullest extent
The report OF the bullion yield of the Savage for
the month OF July, 1892. is as follows: Gold
$ss2S 47' silver, s2Ssos SO. Total. 1892 10.
discount on tuion, 1886 o6. Net amount cash
received $25,956 10. Tons OF ore miiIed 1850.
average AZ, battery assay $50 SO. Average car sam:
per cent OF the average battery assay.
According 10 the statement OF the Con Cal & Va,
winch was placed on ME yesterday, the company
lost over sl25oO, and carried over but 5000 TO
August account AS the August production is quite
light so far the company viii be ia debt at the end
OF the month no small amount.
Ata special meeting OF the directors OF the over
man aiming company yesterday the following re.
port OF the investigating committee, composed OF
Maurice schmtt and Warren b. English was pre-
sented and accepted and Will be acted upon.
Your committee on the 6dvisabllity OF leasing or
purchasing mill bsss leave TO report as follows:
we visited doid Hlll and after careful investga.
tion OF the property OF the company at that place
hnd that the Slopes and breasts OF ore exposed TO
view on me GineIent levels. In our Judgment,
amount to 1000 or SO00 tons. We are IN formed bY
the superintendent A. Laokey. that the present
outlook is great deal better snd more favorable
than at any time within TWO years and that in that
length OF time ore to the amount OF 500 tons and
loso pounds has been extracted and miiled. The
ore Will average, In the opinion OF the superin-
tendent. about Sl7 per ton, some going prooably
hlghsr ana carrying about 80 per cent of gold TAX
ing these for facts. and judging from the past we
are OF the opinion that 1t would be the interest
OF the stockholders to endeavor to lease mill on
favorable terms, or II not TO purchase one II one
can be procured at a reasonable amount and on
terms reasonably favorable to the company. All of
which Is respectfully submitted. NJ. ScHMITT.
W.B ENGLIsH.
yesterday:
sUMNIT-Put in a chute and commenced TO stope
out ore from upraise 35 feet above the south drift
zoo level; the ore Is or fair quality and from II TO
IS inches wide. Are also stOp!ng ore on the 100
MoSo-west crosscut zoo level was extended
II feet. East croSscut same level extended
3 feet UprsiSe from crosscut Z 700 level
was extended Is feet. Have a small seam OF si yer
ore la this upraise.
BoDIE-East crosscut 200 level was extended
10 feet East erosscut $50 level extended .
feet. North drifI from uprase so above the 400
level was extended feet Have some fair milling
ore Ia this drft which are saving Upraise
rom Fortuna vein south OF Bodie shalt $50 level
BULwER-During the past week l45 cars of ore
were extracted from the Slopes and put into the
main ore chute. The Slopes are holding out we'll
and continue to Yield considerable fair grade orc
e@aashed @ IA mill - tons, average battery sample
sAvAGE-Durhg me week have hosted $50 ca RS
OF OF ore rom the $50. hoo, l400 and 1859 levels
sample assay $25 II, average battery sample assay
81; bullion yield for the week $65S4 All the
miners working on ore have been temporarily laid
on pending repairs 10 the Nevada mill. II is ex-
pected the mill Will be ready to resume crushing
ore next week. We are doing tue usual prospecting
aud repair work throughout the mine On the
sntro Tunnel level the joint north drift with the
total distance 5SS feet north from tie sutro
tunnel
BELcHER - The west crOsscut from the north
lateral driit on the 400 level is now out total
distance OF 10 feet having been extended IS feet
since last report. The face Is in p 4rphyry. Have
stopped this drit for the present aud resumed WORK
IN the raise from the north lateral drift This raise
Is now up IS feet. The top Is in slate formation
with small stresks OF quartz through It,
CROWS PoINT-W0rk on the 23O level has been
sI0pped Tor the present. and prospecting is now
confined TO the $50 level, where we arc following
south on the the second third ana fourth
noors. Tue pay maintains its width. VARYING from
10 teet, but Is hardly Of good grade as here
tOfore
CONSOLIDATED IaPERIAL-The main north drIft
on the 800 level is being repaired No ore Is being
taken out Of the m Inc AZ present
CoSEIDENCE AND CHALLENGE CoN.-The ioint
northwest drift on the surface level Is In 9a3
teet from the elbow jacket shaft: the face Is
clay and Porphyry. The joint east cToSscut-NO
Don the same level is cut % feet, having been
commenced during the week. The 1ulnt north
drft and Joint west crOsscnt from the north drift
on The 100 level are being repaired. No ore is
being taken from the mines at present.