The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-01-20
THE STOCK MARKET.

There was further decline yesterday under light
sales In everything but Potosl. OF this stock thou
sands Of shares were disposed of, with Cope ana
Paxton selling wherever an order showed Itself.
The brokers were much worried over the report
that einch bills about be introduced In the
Legislature. Ii seemed TO be the general opinion
that nothing would be done TO prevent the passage
of any bills that might be introduced, as they had
been bled often enough and business had now got
ten TO such state that any enactment that might
be passed could do but little harm.
No news OF any further change In the mines was
received. and 1t looks If the Potos deal had spent
itself, as that in Belcher, and the public VIII now
have to look to the n orth-en stocks for change
Prices were heavy at the opening and the strength
in the north-end at the of the preceding
day not visible. Con- Cal. & Va was steady at
50 so o2hr 81 IS, Mexican 81 40. Best & Belcher
VI 90 Sierra Nevada 81 20, Bullion rs cents, ChoI-
lar so cents. POtos 81 70 and Belcher 81 %.
After the call prices were reduced still further.
Potosi sold down to 81 90, with Paxton and Cope
placed ON record Prices remained unchanged the
remainder OF the day and closed weak.
NOTES.
The assessments on Crown Point and Alpha are
delinquent in the board to-day.
The assessment on Con. Cal. & Va. Will be delin.
quent In office tomorrow.
Additional bullion. valued at 1880, has been re.
ceived from the Mayfower gravel mine
The DAILY Mining Company las declared
monthly dividend OF rs cents per share. payable
January 81.
Following are copies of weekly letters from Gold
Hill mines on file at the local Offices OF the COM
panes:
BELCHER-The west crosscut from south drift
the $50 level is out SO feet ia mixture OF
clay, porphyry and streaks OF lowgrade quartz.
Encountered a considerable flow OF water in the
face, and have commenced the necessary repairs to
allow IL TO drain of The face OF north drift on
this level is In mixture OF porphyry and Iow-grade
quartz. Have started west erosscnt north of
winze on this level, with the face In porphyry and
streaks OF quartz. Have shipped to the mint dur
ing the past week three bars of bullion valued at
$l404S 10.
CRowN PoINT-The west crosscut from the
WI II "a feat Off he GhafT on fba
400 level is now out total distance of 1873 feet,
with the face in mixture OF clay and poPphyry.
The pay streak the floors above presents
change OF importance. Shipped TO Mexican mill
during the week 1876 tons of ore, the average bat
terry sample OF which was $50 go
CHALL ENGE, CoSFIDENcE AND Cor. IMPERIAL-
General prospecting throughout the mines Is still
going on. They are hosting and shipping to the
Brunswick mill for reduction found in
small streaks and old filings on the upper levels.
JUsTICE-The south drift from the north stope on
the S22 level has been advanced feet during the
week and is out 80 feet. The pay streak is
about feet wide and assays about $25 per ton. We
now stopping out between seven eight tons OF
per day, the pies OF which average about
S25 per ton.
SEC. BELCHER-The west crosscut from the south
lateral drift on the 1900 level Is out 1S9 feet the
face is In mixture of clay aud porphyry.