The morning call., 1892-01-15
THE STOCK MARKET.

The market had a healthy tone yesterday and con-
siderable stock changed hands The favorable news
from the Belcher was the source OF considerable
comment, and there is a small sized contest for
control going on, lively time in the stock is looked
for from now to the annual eectlon on the 26th.
On the early call Sierra Nevada was the favorite
and sold up 10 81 70, under sa les OF 1900 shares.
The balance OF the list steady. bnt Inactive,
Belcher selling at 81 10. Choar 81, Con. Cal u Va
s3 so, Crown Point 81 IS, Curry 81 To- y orcrOss
30 cents Seq Beeher IS ceats and Union 81 40
Alter the call trading continued duh, aud prices
showed no change at the noon recess. In the 1880
afternoon session the tone was steady IN the north
end and a triae heavy in the south end. Trading
very dull, and the boards adjourned at an
early hour
Silver was steady at 925599224c. in New York
yesterday
Assessments Of % cents per share were levied on
Mexican and Challenge yesterday.
Charles II. Fish, the President Of the Con. Cal &
Va, was in his ONCE yesterday for the first time
since his recent illness.
The following dividends will be paid to-day
California Powder WORKS, 81; Califoruia-street
Cable Company, soc, and the Omnibus Cable Com
The American Bank and Trust Company paid
dividend o. per cent for the last half of lS9l last
week.
The Scorpion and Crocker assessments fan deIIn-
quent Ia board to-day.
At the annual meeting Of the stockholders OF the
Bullion Mining Company yesterday 10000 shares
Tor the ensuing year: thomas Cole, resident;
Thomas Anderson, Nice-Presdent. and Charles
Hirscbfeld, }. y. SOuther and c. w. Kellogg, Di-
reelors. X. X. 6rsy5On was Reelected Secretary,
auQ A. C. Hamilton Superintendent The Secre-
tarys financial statement showed credit OF
S5Z5 10. Inc superintendent annual report Is as
follows: During the past year the south DRIFT from
the POtosi Wine station, l3cOtoot level, which
had been run Jointly TO our north line a distance
OF 30 feet, was taken by the Bullion Company and
extended 3z9 feet In Bullion ground. In this drift
streak OF quartz about Z feet IN width was en-
count red, aud Which continued In the dr. 70 for a
distance OF about 40 feet, north aud south. but
which was too tow in grade TO DC Of any practical
value. From this drift at point near the north
line joint fotosi-buion east crosscut arted
aud continued Tor distance OF SIG feet AT
poi { about $50 feet In quite tile flow of water
was encountered ana some streaks Of low-grade
quartz were uncovered, Tut Of 40 value on tse
l4O0 level joint south drift started from the
Potosl Wine station AMI continued south by the
Bullion c Impany distance OF l3s feet Turt her
From this drift at poat near the north line a
Joint east crosscut started and which IS now
in 10 feet 1t has encountered nothing but nor.
pbyry far. on the l5OO-,oot level Joint south
drift was started from the FOtOsi wiuze station and
continued to the Bullion north line, distance OF
80 feet. From this point IL was continued south by
the Bullion Company distance of 10 feet. No
prosecuting has been done AS yet this level. 1t
points south the 800 aud l400 foot levels from
tae lateral drifts already run and described above.
JOINT WORK FROM THE WARD SHAFT.
From the Ward shaft on the lS00-foot level the
east drift has been extended since my last annual
report distance or 800 feet. making its total
length 96S feet Nothing Of any value was encoup-
tered In this drift on this level a DRIFT has also
| been run In southwestery direction and is now
out total distance of 490 feet from the shaft The
| last 20 feet has cut through a number of clay
seams aud slips, which would indicate "a near ap-
preach to the vein. The work from this SHAFT has
! been carried Jointly by tue PotOsi Bullion.
Alpha and EXchequeT companies.
The following official letters were placed on fife
yesterday:
| SIG. bELCHER-The east crOsscut from the south
lateral drift from the 100 level has been
advanced 70 feet since last report is out dis.
tauce OF 80 feet II has been stopped in hard nor.
| phyry. Tbs drfi has cut through seve al streaks
OF quartz from Inches to feet wide and q south
dritt mas now been started from il on the largest
one. so "a it is OF no practical value.
| JUsTICE-Ihe south drift from the ton n,
| the raise On the 537 level is out 80 feet
! Ihe lace IS IN low-grade quartz The raise from
! mixture OF clay and porphyry. The south drift
| from the south Wine 675 level Is ih IS eet The
face Is IN quartz with small streAKs OF pay running
| through IL.
| KENTUCK CoN.-The east crosseut from the
| north lateral drift on the $40 level is now ont ~