The morning call., 1892-09-18
THE STOCK MARKET.

That stock gambling is not dead is shown by the
sales during the past week. as wen as by the ln-
creased attendance at stock exchanges since the
present spurt In prices began. On Friday $4,000
shares were placed on record, which means COM
missions for the brokers 15U 900 shares This
was on the recorded sales alone, aud there were
many others that never will appear in print. The
news from the front during the week was most en-
eouraging and while prices will undoubtedly shade
off again from the highest figures it Is the general
Impression that they win eventually 20 stll higher
There are several points that look well enough to
warrant better times Take the uprase from the
400 level OF Belcher for example. Adyiees from
that pont yesterday reported the ore as looking
first class. Then there is the 1900 level OF Hale
NO.cross, in which erosseutting may be commenced
at any hour At present the prospects are most
fattering. and should the crossents show much orc
this IN Itself would create furry.
Sierra Nevada, with its Cedar Hill discovery. IL
attracting attention. aud IL the second tunnel now
being startled holds the ore found 10 the Steel drift
above II will then have sufficient development to
create speculation.
The absence OF MIR. Flood from the city has
caused no little comment the outlook of the
mines under his control but il Is known that when
ever he says the word ore body OF no mean di-
mensions can be shown Thus taking all things
into consideration the future of the stock business
has a better appearance than al any time for some
years
The market opened strong and active yesterday,
In almost everything but Becher. Maurice Schmitt
was an active seller of this stock and the price
forced down to 50 35 under sales of 1850 shares,
OF which White was active buyer. ophr ad
vanced TO So 10, Mexican 81 S. Curry al 90 Sierra
Nevada 81 10. Union 81 60, Best Belcher 81 95
with an assessment of 25 cents added, and Con.
Cal. & Va TO &3 So
In the middle stocks Savage sold up to 81 25.
Bullion 65c. Chollar S5c, Norcross 81 95 and Potos
9Oc. or the southenders Crown Point sold up TO
81 20. Challenge soc. Confidence 81 IS. Overman
60 Seq. Belcher 45c and Jacket 9Oc. The balance
OF the market continued strong and active.
After the call prices fluctuated considerably
under very lively sales. First they weakened of
sold up. only TO fall back again. and closed
trihe weak at noon. Belcher sold from So as down
to 81 rs under sales OF 427O shares. Choilar ad-
vanced TO 81 under sales OF 1850 shares. Hale &
Norcross advanced to 81 70 under sales OF 1850
shares and the balance OF the list I'm proportion
Trading not confined to any particular set of
brokers and they all had reason TO congratulate
themselves on the unexpected turn In the tide OF
affairs.
Messrs. Flood, Paxton and Messer are not ex.
pected to return until Tuesday or Wednesday.
The Fail River Con. Quartz Mining Company has
levied an assessment OF 3 cents per share. delin-
The assessment on Belle Isle and Challenge fall
due In the board on Thursday aud Saturday re-
Tne weekly reports OF the Quijotoas show that In
Peerless the vein In the north DRIFT on the 800
level continues TO look about the same last re-
ported, the face OF the drift being mostly In
quartz with some ore of good grade through It, The
QT1ft is now IN l. ~ IetL
In the Crocker the face or the south drift on the
main vein from east crosscut l. 300 level, shows no
change of any importance since last report the
formation still being spar and quartz with ore OF
fine grade through IL.
The following is the latest from the Hawthorne
District:
Pat shannon has force of men at work on tho
Morning Star In Hawthorne District.
1t is reported that the lessees OF the PamIieo
mine have cut into body of hgh-grade ore in that
mine.
A force of men is at work setting the poles and
stringing the wires for the new telephone llue be-
tween hawthorne and Bodfe.
The made its first cleanup last week.
after running through twenty five tons of orc The
result Is said to have been satisfactory. There is
enough waiting for the arastra to keep running
steadily for several months.
The Holmes mine at Candelaria has not been
started yet. although everything Is In readiness TO
do so when orders are received from London The
Mount Diablo mill Is running to It's full capacity
and the Is keeping up to grade which inslires
a small profit The times are not ropitious for any
excitement In a silver camp, and those that can
run along through the prevailing duIlness In the but
lion market are doing very well.
Following Are the Highest Prices During
the Past Week.