The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-06-19
THE STOCK MARKET.

The market opened with sharp decline yester-
day ana large quantities of the leading stocks
Changed hands. Rumors that the crosscut on the
100 level of Con. Cal. d. Va. had passed through
the ore were very numerous on the street. but
were laughed at by well-informed operators. Of
this erosscut the Virginia Chronicle of Sa urday
contains the following:
ia he superintendent's letter shows $50 ore In
the face 4 the west erOsseUt the 1900 level of
Con. Virginia. The crosscut is out Is feet, and
the 4ast Z teet are IN ore. IT was calculated that
the CFOsscut wOuld run rs feet before cutting the
ledge but the eastward dip OF the latter shortened
the distance somewhat.
: although tue stock market has failed to en-
thuse on the situation. there IS no discount the
certainly known TO be so vertical feet Of ore be-
tween the 1850 and the 100 levels. The ore
assays from so to $oOo per ton, ana there is a
Ar1Kht smart chance that 1t extends above and
be low the points in question Indeed. there are
Infnine IN en- who believe that more rich ore will
be: found above the 1850 than has been opened
. below. The high grade ore 10 TO- drift
cen shown to be feet wide in one place and =
feet in another The length of the ore varies &C
cofding to depth. 1t was p feet IA feet down
and.3l:feet 2S feet down, and 1t should be eonsid
era6ly: longer on the 1900 level. All OF the facts
however, taken together, show big body of rich
= 0nth6. early call OF the Pacific Board Gauthier
began selling Con. Cal. q Va. at 81 10, ana the
In The big board it fell to SO 80 under lively
saIesand was held ct about this figure until about
Rooni. when a little demand for the stock aG-
yanced.the price to SO as. The balance Of the list
followed suit and Ophir sold down to 81, Curry
SOC :NIexican SIC. Best q Belcher 81 ~ and the
';Cnfhe Z:3D P NJ. call little better feeling was
.shoWn and the market advanced a few cents, clos
Ing steady and fairly active.
=: NOTES.
Silver was weaker yesterday, selling at 62Ac in
New y orE and 1884 ID In London.
Bullion valued at $500 was received from the
"Masfower gravel mine.
The assessments on Alta and Con. New York are
delinquent in ONCE to-day.
The 4fomestake dividend of l5c per share viii
be paid next Monday.
=: a he Union Mining Company Of Cripple Creek
COsO;, has declared monthly dividend of lac per
" share payable on the Both.
It's not known whether the Golden Rule OF
South Il ak0ts viii pay this month not. as the
Infl:has been temporarily shut down.
= Tie California Insurance Company has declared
its third Vidend in the LIQUIDATION of its capital
stock OF 100000. The dividend 10 $40 per snare
Or:Sb0. GOO. and Will be paid on the 2bth.
- rhe Paranlhe Paint Company has declared a div
dend Qf2Ea cents per snare, payable on the 29th.
In the Occidental from the west ledge above the
>4uO ieveLthsy continue to extract about tons of
'.as Per car sample. The crosscut started
hsrd porphyry.
III the Kentuck they have stopped work on the
sr IN aMIhle IN the east ledge the 100 level.
- S south art from the Jacket incline is in Ii
rieTt aug continues IN low grade gold ore.
az ~? hual meeting OF the stockholders OF
tne bodle mining Company held Yesterday 81 $50
shAfes were represented and the following oficers
:electeG Tor the ensuing year: II. d. Walker pres
>lQent; hs D. woodward, yce-president: and 4. p.
DanI oTth; d. w Kelley, NJ. +. Wills. w. ID. King
secretary and j. w. Kelley superlntepdent The
~secTeI9rys financial statement showed a credit of
81 l.3I6 81. a motion to declare a stock dividend
on the i ,02O shares OF stock remaining in the
was empowered TO sell the same for the benefit Of
The Company.