The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-05-18
THE STOCK MARK EFT.

The market was given another rap yesterday.
Prices came down with run under very heavy
safes, and az the noon adjournment the market
mad every appearance of being done for and looked
as II the deal were about to become a chapter In
ancient HISTORY Advices received during the
forenooa reported an Improvement in the south
drlfC from the eresscut 20 feet below the 500
level OF Con. Cal Sc va. GOOD news lad 40 effect.
ana prices were hammered aGd hammered until
in many instances. they had reached the figures
theystarted from several weeks ago. The longs
began selling their stocks aud putt ng out little
IN v1lu ehdeavor ~ protect Themselves and the
unTor unates v. no. lacked the estSsary funds for
more margins saw their little accounts wiped out,
and ali the time some one was Quietl v buying. On
ring ana begah buying Con Cal d y a.. first at So
and then up TO 50 %, during most lively call, on
which over 1000 shares changed hands.
Inc strength in. Con. Ca. bracpd the others up,
and uphir VIII ch rad been gong begging al SO
05 JUMPED TO $31a under the purchases of j sepn
MARKS, aud the batsnce of the list followed suit
and closed stronger
NOTES.
Silver delined:to 6 lBc. In New York yesterday
and to % 4-l6din. Edhdon;
A shipment of bulHOn,- valued az S2577 70.
ofwhch Sl653 O9 isgOld and S929 Sc silver, has
been received from the Alta. being the clean up
ot,the recent test at the mill :.
In the Bulwer. the upraise from south drift T.
WAS extended i9 feet. They ase stid getting some
good ore from south of y o:2, 200 leveI
They are getting some fafr-grade ore from back of
upraiSe 8, above 200 level: 1t shows: sCme i'm
proven nt. Will Commence to crush BulweH ore
/ in. Stafdard mill IN few days ::
tiuued Extracting. ore from the south drift from
the bottom of the winze below the Blaine TUNNEL
for tile reason'that this ore be extracted much
more cleapiy through the Justice drain tunnel
which is now bef g repaired to do this work
Have shipped ano other 100 tons OF ore to the Tay-
lGr mill and expect to receive the bullion returns
Tomorrow (Thursday}
The official letter from the Belcher mine for the
past week as followss ON tho $40 level we
have. cieaned out and retim bered 80 feet OF the
main north drift, making It's total length $50 feet
from the Shaft This drift has now reac he'd the
Crown Point line. and we have started 3olnt
drift with hat company to the northeast IN quartz
of favorable character \ .crosscut Will DO
started IN 6elcher IN Few days 10 the east forthe
purpose of exploring body OF quartz In this sec
ton Of the mine. From the old Slopes on the
upper IevelS:we have hoisted during the week 10
tons of lair grade ore
The Crown Point official letter for the past
week says: The south drift on the 600 level from
the top OF the 700 level raise has beeu advanced a
total of l24 feet. The face Is i'll hard porphyry.
The south drift on the 500 level from the snaft
station is out I2S feet. he face is in mixture
OF poTDhyTy and quartz Of low assay value. Good
progress has been made liz the work ef.cleaning
and repairing the south drift on the 500 level
zee feet having beeu completed TO date.