The morning call., 1892-04-19
The STOCK MARKET.

The week opened to better business and stronger
prices yesterday and for time IL looked as though
the market going to do much better. Business,
however shaded OF again, despite the favorable
news from the front, and there was scarcely any
thing doing in the afternoon sessions. During the
day word was received OF au important develop
ment in tho upraise from the 900 level OF Hale
Norcross. Aisdye three feet wide of $25
was encountered the Savage line. and is
thought TO be continuation of the ore body be-
Ing worked on the $50 level of Savage The
weekly reports Of the superintendent placed
file during the day were more encouraging than
usual. Especially is this the case with POtosl.
where they are extracting and sending TO the mill
ore OF an average battery assay OF 1927 so. being
the highest for a number or years Very favorable
indications in Bullion also mentioned. In the
Con. Cal Virginia they are stopping out ore
from the eighth set the 1900 level. which
averages $40 per ton. Tho 1909 level Is yield
ing S25 ore. and the winze being sunk to the 1900
level has reached depth Of about 33 feet and Is in
on the early call trading quite brisk. with an
advance all along the line ophir sold at 81 as.
and Con. Cal. a Va 81 IS. to sales OF $50 shares.
Walls was buyer OF all the northend stocks, aud
was ia demand al s5c aud $50 SD ,res were placed
on record. with Homer King buying. Cholar sold
at S5c, Nortr.ss 81 V5, PotOsi 81 10 and Savage
81 IS. of The Gold Hill group Alta sold at 7Uc.
Beleher 81 as, Crown Point 81 20, Seq. Beicher
After call prices shaded off trlfe under High;
sales and the market closed inactive at the noon
cess Oh the 80 p. NJ call pr es rema ned steady,
but trading was duh and very little stock changed
hands. Savage was In demand at 81 A.. aud was
the only one 10 show any advance.
After the call prices all advanced under quite
demand for stock and the market closed strong
NOTES.
The annual meeting OF the Goa Imperialpas been
called tor May !.
Il. l.. Heating and w E Sharon, the mining
perintendents, ere in the city
Silver was Il fe stronger yesterday, certificates
selling at S61sc and bars at So sc.
at special meeting OF the stockholders OF the
Con wyoming Mining Company held in this city
serve for the ensuing year: a. q. Gurnett. presi-
dent; Charles Pace. yice-president, and H. l.. Van
Nyck, Ramon L. Wilson and L. G. Marshutz,
directors. A. w. Barrows vas reelected secretary
aud }. NJ. Burlington Jr superintendent. Consid-
mine and last Saturday suit was brought against
tie Champion Mining Company for an accounting
and trespasS. with damages placed at 500 900.
me oFetlhan letter ior the past week says; Ex-
tTacied from 1000. 100 aud 1900 Levels / Is tons
tons and 1920 pounds OF ore. on 1900 level ar
point l20 feet up Incline upraise from northwest
drift, have started drift II northwest and have
tended the 20 feet. Both drifts are in quartz
OF a fair grade. ON llUO level fourth floor OF
west and extended the same u feet through quartz
showing some iIttie ore In lunches Northwest DRIFT
on ninth floor OF no sope has been extended - feet
a seam Of ore Is TO % inches in width OF a good
grade. he water ia the shaft is So feet below
week.
The Aita letter for the past week says: The
paired total distance of 435 feet The winze down
from same level has been cleaned out and retnl-
feeI OF far ere IN the bottom OF the wIaze have
made arrangements with the pumping association
whereby IL agrees 10 pay Us 500 per month tor
pumping from tie lst inst Cleaning out aui retim-
berng the 1850 north drift OF the Alta la the direc
ton of Lady Washugtun.
Ga the lsT of April an arrangement was entered
into 10y the SOuth End Pumping Association and
the Alta Mining Company by which the ciat on
is 10 pay = 900 month TO aid In paying the pump
ing expenses OF the mine. The expenses for pump
Ing about three times that amount per month.
When the project OF pumping out the south END
mines was undertaken, the pumping association
WIS formed in order TO make the work ineNpen-
stve possible and to divide the cost equally
soGth-end mines, the Alta Inclusive, is connected,
aud the draining OF any one mine affects the others.
Prior TO the making OF the above arrangement be-
tween the association and the Alta that mining
company had borne all OF the expense OF pumping
the water out Of its mine. But the reduction OF
the water In the mine is benefc al 10 the m mes In
which the association is Interested the association
has agreed 10 bear portion or the expense ence-
forth. as above stated
The following official letters were placed on file
yesterday:
SILVER HuL-The south drift from the Justice
shaft 4eO level is out $50 feet; face In hard gyp-
sum.
WARD CONVERSATION SHAEr-Have been retim-
bering the southwest drift Sol level during the
week.
UTAH-Tbe west drit from the shaft station $40
level has been extended SO feet. total length $40
feet; drift continues In porphvry formation, show
ing clay separations aud a little water.
OCCIDENTAL-Ibe west crosSCut from south drift
400 level has been extend ed II feet total length
IS feet. Have started north drift from bottom OF
WINE on 400 level: bottom IN OF fair quality.
Have done no work Ia south drift this week. West
cross ent 500 level IS In 80 feet: I'm
West CroSscut $50 level is in 70 feet aud has
yet reached the ledge The main north drift $50
level has been extended 10 feet. total length 36S
feet