The morning call., 1892-09-14
THE STOCK MARKET.

There was but little doing In the market yestsr.
day and fluctuations were confined to few cents
either way. Work was resumed In the joint Curry
and Savage drift the Sutro Tunnel level OIL Mon.
day and Will be pushed ahead rapidly as possible
The north drift on ths 1S00-foot level of Hale a.
Norcross has reached the Savage line and every
thing Is ready for prosecuting just as soon as the
word is given. super ntendent Heating left or the
Comstock last evening and speaks quite encourag.
ingly OF the work In progress.
The showing in the upralse above the 4OOfoot level
of BeIcher continues promising, aud returns from
the found in the face OF tho Steel drift on Cedar
Hill showed $43 in gold yesterday. During the day
a weliauthentieated report was received from the
Con. Cal 4 Va stating that n diamond drill had
peen pnt IN place. ready 10 start at moments
DRIFT on the ll00-foot level. The drift IS In 3l5
feet from the shaftstation. with the face in
porpayry, clay and quartz That there Is great
deal OF Importance attached to this point is shown
by the secrecy observed in the placing the drill
The drill has not been used for many years During
the early days OF the bonanza period drift was
in from the 1900 level OF Gould Il Curry and
quits body was the result. The Con. Virginia
shaft had been commenced in the meantime but the
west wall lot encountered until the 1900 level
was reached. when ore was struck. The main ore
therefore. being extracted from the 1900 TO the
100 levels, lett that body OF ground between the
hoo and 500 levels eomparatiyely untouohed II
is this body of ground that they now intend to ex
plOre, and as 1t is virgin ground there are grand
possibilities OF finding something OF value.
There was nothing doing on the early call We ster
day, and Walls continued to sell AL OF the leading
stocks. ophir sold at 81 80, Mexican 81 IS. Curry
Union 81 35 aad Con. Cal. 81 Va SO 1898 90 80
sales OF 500 shares.
Hon selling at 40c Chollar 55c Norcross 81 IS,
rotosl toe aud Savage 75c.
Beicher continued 10 be the leader OF the Gold
Hill stocks and 200 shares were placed on record
at 81 40. Crown Point sold at soc, 0yerman ACC.
Seq. Beicher soc and JACKET 6Oc.
After the call Belcher advanced from 81 As to
81 60 and fell back again 10 81 40, under sales of
1850 shares. Sierra Nevada declined TO 81 20 I'M
Ger sales OF 100 shares. and the market closed
trite weak at the noon recess
Prices remained unchanged on the 2:30 P. N.
call. walls was an active seller of nearly every
thing the list, aud considerable Belcher and
Sierra Nevada changed hands. After the call
prices all showed an Improvement. Belcher was in
demand 10y Epstein, and sold mp to 81 Us. The
balance OF the market followed suit and closed
strong ana active.
The assessment on Independence is delinquent to
The North Busna vista OH Company has levied
an assessment OF cents per share, delinquent Ue-
Following is the ofhciaI report OF the pumping
ended September 10, 1892 The l700-station
pumps have been working continuously during the
week. The flow OF water has slightly increased
since last report, and both pumps are kept moving
steadily. We have been repairing the pun shaft
under the 400 station during the past week
The flow OF water ia the Carson River is steadily
increasing, and It Is expected that W. two weeks
there will be suircient water 10 start all the Idle
mills. Ore extraction and regular shipments the
mills viii then be resumed at ali the productive
Gold Hill mines.
The Official returns OF the worked and bullion
produced account OF the Potosi mine at the Ne-
Naua mil Tor tue month OF august nave pccu
filed at the Potosi olhce. The amount OF
worked WAS l4i4 tons: gross proceeds In baIi'ol,
s33,qS8 81; cost of reducing 1864; net proceeds
IN bullion. S25 ga So assay value per S24 SO;
per cent OF assay, Sl6 %; gross average per ton,
$23 5S; net average per ton sl7 So. The ore was
worked up to the unusually hugh percentage OF "a
per cent. The bullion product for August was
smaller than that fer July, owing TO the holidays
and one weeks shutdown Of the mine and mill. yet
IL nearly enough 20 meet the current expenses.
The orcial figures wilt be ootalnabe in few days.
According TO the statement Of expenses for Con.
Cal Il Va for the month OF August the company
ran behind, and now has an Indebtedness Of
1883 ~.
Silver better yesterday. selling up TO 1850 In
New York ana 80 81 I'd in London.