The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-09-04
THE STOCK MARKET.

The past week was lively in mining circles and
unless all signs fall. is forerunner OF better times.
Work IS progressing at several points, which viii in
a short time give a impetus to the business.
That she public is eager for something to turn up TO
gamble In is clearly shown by the greatly increased
attendance in the stOch exchanges. little moro
than week ago these places were almost deserted,
but now they are crowded with people eager to in
vest in almost anything that Will give them any
knd OF a play for their money. As the coming
week viii be broken up by the holidays there is
little likelihood that anything OF Importance viii
take pace, but as soon these il looks
II tho market would do better. There has been a
continual concentration OF stock going Tor
long time until the insiders have the stock an
the public the money and, as the insiders generally
work under an opposite RUE. 1t stands 10 reason
that some effort VIII be made to get ride or the
stock. This can only be done by stock deaf, aud
The first thing necessary IS = development. VIII it
come? Indications are that II will but where Is the
question. The most promising point at present is
In the north enders. which, by the way, are the
leading fsyorltes, ana tho Work there Is psrtic-
ularly encouraging
Speaking of the work In this end the Territorial
Enterprise contains tho following: carload OF
ties was recently taken TO the Union mlne to re-
pair the railroad at that end This indicates pur
pose TO continue the important work OF mining de-
yeIopment now progressing jointly between the
Union and Sierra Nevada mines.
Tho ledge which lies TO the west OF the Union
shatt on the upper Levels, and which is cut by the
shaft below the water level, has never been pros
pected above the 400 level TO any extent and not
at all shove tins 1000 level. 1t Is wide ledge at
this point, and the quartz is strongly mineralized.
encouraging the gentlemen who are going down In
their pockets TO do this work. and who are direct
ing the work OF development to perseYere la the
hope OF developing mine.
They not chasing rainbows Roger Prender
CAST, than whom no man has had more experience
in mining on the Comst0ck, is not a rainbow chaser,
and lie is suDerintohdIng the WORK which is being
done economically, speedily and Ia substantial
IL Is proposed BIZ this work TO prospect the Ledge
OIL tine upper level between Sierra Nevada and tho
Ophfr Both south aud north OF the section OF min.
eral country described and in tho i'm ediste ycin
q q Az in ia rlv AaVa
and subsequently large quantities OF grade ore
were taken Immediately north OF the limits named.
II Ia not only fair. but extremely probable to ex-
pect that Mr. Frendergast Will show UP milling
In the Union ground before he quits as he is pro
The feature of yesterdays trading was the
strength In Sierra Nevada and Union. which adj
vanced against an otherwise declining market
Sierra Nevada sold up to 81 40 under safes OF 700
shares and Union to 81 80. Opbir sold at 81 20.
Curry soc and Con. Cal Va. 80 70. In the middle
stocks trading was duh and prices lower, Chollar
selling at Soc horcross S5c. Potosi 60c and Savage
sales in Beicher at $ 10. crown Point soc, JACKET
65c and oyerman 6Oc No change was to BIO seen
After the call business showed quite an improve
ment, sierra Nevada was In demand by stauf, who
proyemeDt all along the limo and the market closed
strong and healthy at tho noon adjournment.
NOTES.
Tomorrow being q legal holiday there will be nj
sessions OF the stock exchanges.
SILVER sold yesterday up to S3l4c In New York
The assessment on Silver Hi is delinquent In the
Office Tuesday and that on Peer Thursday.
The delinquent sale OF the keltuek takes place
Thursday.
The monthly financial statement OF the mining
companies Will be placed on file in ,he ofices Tues
day
The weekly reports OF the Quiotoas show that In
the Croker. In the exploration work tho main
vein 300 level. the vein continues very strong and
is producing some ore o. good grade The face of
drift has been advanced to II foet during the
In the Peerless the ace OF the north drift the
800 level still continues Ia vein matter for width
most OF watch Is very fair and lively looking quartz.