The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-08-04
THE STOCK MARKET.

the market had q better tone yesterday and In
fact looked healthier than for some time Prices
were a few cents better. and the applications TO
have sales read cash" showed that certain stock
are none too plentiful. Sierra Nevada was a strong
favorte throu the day, aud the price advanced
under quite active sales. The from the front
was encouraging and II half Is true, prices will
soon do much better.
No great amount OF stock changed hands on the
early call, bat prices were well sustained, ophir
selling at 81 20. Mexican 81 80. Curry Soc Best a.
Becher 81 80, Sierra Nevada s5c. Union 75c aud
Con. Cal. d Va. 50 80
In the middle stocks Cholar sold at Soc Norcross
SOC. Potos 46c and Savage soc to sales OF 1000
shares. The southenGers were dull and Inactive
sgd Alta sold at 26e, Confidence 81 80, oyerman
25c. and Jacket soc.
on the 1880 P NJ. call only 1850 shares OF IL DIFF
ferent stocks changed hands. and of these 600
shares were OF Sierra Nevada 81 81 After the call
Sierra Nevada and Union were the fsvorites
Prices advanced and the market closed strong I'M
der lively sales.
NOTES.
The Jackson Mining Company has declared a
dividend OF l0c per share, payable tomorrow.
Chancellor Derby, the mining operator, returned
to the city yesterday and will take active part In
the fight for the control OF the Alta Mining Com
pany.
Silver remained steady yesterday. selling in New
YORK at 80 4c and in London 80 lid
The delinquent assessment sale OF the Gould &
Curry taxes place to-day.
The Oceanic Steamship Company has declared
dividend "a OF soc per share, payable to- morrow.
The following letter from the president OF the
Hale NorcrOss Mining Company is seifexplaaa-
tory:
SAN FRANCISCO Au1ust 2 1892
Mes1s. ". s. Wood aud ". H. Miles SduaOs Mn
ing COHDdHy-GENTLEMEN Your communication
OF the 3Sth OF July, 1892 was duly received. ReIa-
tive 10 the proposition thereia emhoded AZ 10 the
purchase iOuty OF quartz plant for the reduction
OF the ores OF the respective companies will
that this company is not at present in position
financially TO advance funds for any other purpose
than the legt mate exploration OF its property and
that when its niue shall have been developed sni-
ciently TO warrant the renewal of ore extraction
aud the milling thereof It would then be the time
to consider your proposition Respectfully.
President Hale & Norcross Mining Company.
me strike OF blue gravel has been made in the
Gray Eagle mine III Forrest HILL At present they
are Ia over 80 feet on the gravel and have not yet
cut through. ore assay ing as high $1,000 per
has been extracted. aad the mill was started up
crushing ore on Monday, and IL is expected that
the company will be able pay dividends ere long
The following official reports were placed on fle
MoNo-west crosscut 700 level was extended Q
feet East crcsscut = same level was extended 5
feet East crosscut from top OF No uprsise 30
feet above the 800 level was extended II feet.
SUMMIT-S0uth drift from east crosseut 200 level
was extended feet North drift from above cross
cut was extended feet UPraiss from main north
drift 200 Level was extended feet. We have
started repair the south drift 200 level We are
saving the ore from the above drifts snd upraise.
BoDIE-raSt crosscut 700 level was extended l o
feet North drift 10 feet above the 700 level was
extended feet. East crOsscut 500 level was
tended ieet. Upraise from north drift 400 level
extended 5 feet
were extracted and put into the main cbute.
The ore slopes continue to yield fair grade ore
average battery samples SO %. taiIings s. H.
STRENGTHENING the week hoIsted 6O4
cars OF ore from the $50 100, 400 and 1850
levels. Shipped to the Nevada mill SIS tons. and
milied 80 tons Average car sample assay S24 So
wesE s77Sosa We are doing the usual proSpeet
ing and repair work throughout the mine. The
continues. We have nnisned tim9ering the Joint
upraise from tie Sutro tunnel level The Joint
north drift on this level is being retimbered and
repaired. We expect TO resume Work IN the lace OF
TINS ortt the latter part OF this week.