The morning call., 1894-05-05
THE STOCK MARKET.

The market continued very strong and active
yesterday Prices advanced ali along the line
and the trading was the heaviest in months. Tel
egrams received during the day reported the
workings below the $50 level OF Con. Cal q Va.
to be in ore assaying $500 per ton. Consequently
a big demand was made for the stock, which
reached $S per Share, Paxton and Hadley's pur-
chases amounting To several thousand shares. 1t
was pretty generally known On the street that An
assessment was to be levied on ophir, and the
bears, in anticipation of SOC assessment, sold
large quantities of stock, but they were again
taken into camp as the assessment was but 23e,
and the stock sold mp 81 per share, thus forcing
them again to seek cover. Private adVlceS from
Virginia City report great excitement among the
miners there. and, Judging by the way the tele-
grams were coming IN yesterday. 1t is not without
reason
STbursday's Enterprise says that the crosscut, 4
feet below the 1850 level, which had cut through
seven and bal feet of high-grade ore, had been
pushed ahead through narrow streak OF low
grade and is again showing fine ore in tue face
The advance OF this crosscut has demonstrated
the probability of the development OF an extern
sive ore body Of more Importance than any dis
covery made in the mine subsequent to that OF the
bonanza twenty years ago.
The Alta mill is now dropping its stamps on ore
from the mine ana should the vein in the vic nifty
of the 725 level continue and improve as rapidly
as it during past ten days the mill Will be
kept in constant operation
streak of ore four inches in width was cut
through from the lateral drift from the interme-
diate tunnel in the upper workings Of the Sierra
Nevada on Cedar Hill. This ore assays from $40
SsSU 1.
plored is IN region which has produced a large
amount OF gold bullion from the surface workings
and far more important development Is among
the probabilities. shift of six men is to be put
on tonight in the Crown Point. night shift has
already been put on in the Belcher. IL is said a
u light shift will be added to the force in the Yel-
low jacket before the close OF the week.
The Chronicle says: The place OF the new find
on the 165 0Ievel OF the Con. Virginia rhine was
visited day by Superintendents Lyman, Sharon,
Gorham and Keating and Civil Engineer Hast
Messrs. Sharon and Gorham were afterward inter
viewed as to the appearance of the ore body
Both gentlemen expressed themselves favor tbly
concerning it. Mr. Sharon said that the workings
looking fine and that every thing indicates the
presence of a big body of ore in the neighborhOod
the 1850, and every indication favors the likeii-
hood of striking 10 at that point. If such proves
the case the presence OF an ore body OF magnitude
will be proved. The prospect Is the next best
thing to a certainty.
NOTES.
An assessment of 25c per share has been levied
on the Ophir
silver was weaker yesterday. falling back to
637sc in New York and 29d in London
In the Bod1e west cTosscut 2. 200 level, was
EXTENDED feet. East crosscut from Burgess
wfnze, so feet below the 200 level, was extended
crosscut extended feet. There is about / 2
inches of fair grade ore in face North drift from
west crosscut J. 200 level. was extended feet
The ore in face is from to 10 inches wide and OF
good grade.
In the BuIwer upraise was extended ls
feet. There is cons derabe ore in face OF upralSe
but the average grade is little too low to be profit
able. South drift from uprafse was extended 3
feet. fave Started to raise from end of drift and
are up feet They have some fair-grade ore
ore from seam IN south drift from crosscut 2. ZOO
level.