The morning call., 1892-02-26
THE STOCK MARKET.

| The market opened weak and heavy yesterday,
! and prices declined on each succeeding call, uni
| now they are but few cents higher than during
| the long dun spell just prior to the advance in
| 1886 so news Of any importance was received
from the mines and the decline is generally attrib-
uted to the combine through their efforts in the
| coming Norcross erection. Whether such be the
! case not many inveetives long and deep, are
! heaVed upon their heads by those OF the public
whose stock has deprecated IN value the actions
| Of Hale & NorcrOs5 seem to show that tue aIleBeG
| fight for the control IS thing OF the past ana
| there is little doubt that Mr. Rood win assume
/ control OF the management on March g. -.
on the $3.50 A. NJ call prices were Irlfe heaYy,
| and OphIr sold at ~ 50, Mexican 81 So curry
| 81 30, Best Bcch Ter 81 So, Union 81 40, and Con.
Cal. a Va. 81 5Q6f 40 20 sales OF 1000 shares.
! In the middle stocks Norcross sold down to
| 81 60 ChOllar 81 70. PotoSl 81 Is and Savage
/ 81 10. The Gold Hill STOCKS showed no change,
and Becher sold At s O5, Confidence 81 25, crown
| Point coo, Overman 55c and jacket 75c: The bal
the call trading was very lively under sharp de-
cline in prices Norcross sold down to 81 40 under
| sales Of 1900 shares and the market cioSed weak
| anu heavy at the moon recess. go,
! On the >: 80 p NJ call prices weakened of sill
| break was about to occur. Alter the call the de-
! cline continued Ia several of the leading stocks'
| and the market had very Tired and heavy appear
| ance at the close.
silver certificates remained steady At ole yeSter-
/ day. Bars sold at 8O%4c in New York and at
II 9-l6d in OndOn.
Tne Sentinel siys the Diamond Company is ship
ping more ore TO sat Lake than would keep one OF
the 5U-tou furnaces at Eureka constantly supplied
! never more encouraging. The Bullion mine at
| Spring city is showing Nd well with siNfoot vein
! OF good ore. The Paradise and Wild GOOSE proper
ties are also in promising condition ana lmpF9V-
| ing
assessment of $25 per share, delinquent March l.
The company recently Increased its bonded lndebt-
| eGuess 100000 by the issue OF per cent bonds
these were TAKEN by the StockhoideIa my .OlI-
| pauy has considerable money tied mp in litigation
! over contracts with Los Angeles street railways.
current obligations it dee med best TO Increase
the paidup cap tai TO the extent or 20 per snare
Mr.. H. +. Chap9ellet superintendent Of the
Eureka Con Drift mine OF Forrest Hin Divide,
Placer County, reports that he has broken through
the rim 80 feet above the floor Of the tunnel and
! the indications are very encouraging for a pay
! chanueL
! Reports received from the Mayhower mine. in
1he same district say that the DRIFT IS IN pay gravel
! again ia The Orono channel.
! The following Official letters were placed on file
| SEC BELcHER-The south drift from the east
cr5sscut on the 400 level was advanced % total
! length OF 100 feet and connected with the west
crosscut near the south line. The south drift from
! the BecHer line on the 1900 level was cleaned
and repaired distance Of % feet during the past
/ Jrsr1cE-The west DRIFT en- the 400 level IS out
e47 feet. TIE face IS in hard rock. The north
raise on the So level IS up lO6 feet The top is Ia
! KE>TUcK CoN-Uave stopped operations on tne
300 aud 1000 Levels for the present and started 10
open the west ledge from the Crown Point west
croSScur on tie $50 level After reIaylug 250 feet
all track +re iriff vys attended - feet during the
wees To a total OF 90 feet. Tie face IS In pOr
phyry. with small stre@ks Of low-grade quartz run
/ rELcuER---he north DRIFT from tie bottom OF the
raise on the 800 level is now out II feet The face
! is tn pnrptyry and quartz started an east cross.
cut 90 feet iu ia this drift, wAiCn was advanced l6
/ ieet and stopped Have heeu extracting about 10
loads OF tarsrade ore from the Slopes between tie
/ 200 500 levels. are also extracting from II 10
/ loads OF from the 1900 level Slopes shipped
/ to the mill during the week FOR reduction 3Os tons
1910 pounds of ore. the average battery assay Of
| crows r"Ivr-ihe rise from No. east cross
-tHn Z. 20 fF