The morning call., 1894-05-08
THE STOCK MARKET.

Yesterday was particularly lively day in Com
stock shares notwithstanding the favorable re-
ports placed on file prices received a severe cut
ting. Con. Cal d Va. broke from So so to So
within very few minutes. Over 1000 shares
changed hands, and Messer and Gsrnett supplied
the demand wherever It showed itself AS the
day advanced prices began to strengthen up
again, and closed on the street last night with
Con. Cal. a Va. 81 rs and Ophir IS so bid. For
the first time since the present deal the whole
market was affected, and there not stock on
the list but what showed sharp advance last
evening
The Virginia Enterprise contains the following
in relation TO the showing in Con. Cal and Va ::
Colonel s. r. Curtis and Colonel r. d. Boyle
were included in a party of experts who in-
sprcted the new ore development the 1850
level of Consolidated California Il Virginia mine
yesterday Colonel Curtis took numerous samples
from the face and sideA of the drift on the 1850
Level and from that fourteen feet below.
1.-The ore is heavily tmpregnated with black
sulphnrets and Is precisely the same character as
that found in the bonanza OF 1874. Colonel Cur
tis says that every feature of the discovery
1ndicates that IL will make into an extensive body
of high-grade ore. He says 1t lies to the west Of
wide belt of lOw-grade ore. which had never been
prospected heretofore, and he is of the opinion
that it will show still stronger at greater depth
lie stated that the new ground in which the
discovery is located is OF ample area to iEciude
within its boundaries an ore BODY OF value only
exceeded by the development in thu mine of 1874.
They have nearly 400 feet of ground between the
1850 and water levels. and viii be disappointed
if this discovery does not prove TO be fully as i'm
nortant az mat OF 1856 said the colonel.
There is large area OF new ground to the
north west and south Of the present workings,
and this discovery is only the forerunner OF a
more important deyelopment
"CoIonel Boyle corroborated the statement OF
Colonel Curtis in every detail, and is even more
deeply impressed with the Importance OF the new
discovery A practical miner. who was lncuded
in the party of inspection, and whose judgment is
relied upon as being infallibe. conctded with the
opinions Of Coiohels Curtis and BOYLE.
at was later learned that superintendent Mn
kead was included in the party OF experts. Mr.
Kinkead saws there is about 3 feet OF ore now
exposed in the drift IA feet below the l65U leyei
and that the crosseut to be run 70 feet below the
1850 level is sure to cut the downward cont nua-
tion of the ore body, which 1t VIII reach in about
ren DAYS He says the outlook for the development
of . arge body is very promising and that il is
long distance west of the old Slopes and In en-
tirely ne w ground and therefore there Is no pos
sibility OF encountering either old timbers or an
inflow OF gas"
Silver was steady yesterday at 63s4c In New
York and 291sd in London.
The assessment on Challenge is delinquent In
ofnce to-day. ,,,-..,. -,
to-day ...,.no,a. :.
At the annual meeting of the stockholders OF
the Justice Mining Company 81. 24o snares were
represented and the following ofhcers erected LOT
the ensuing year; Aug Waterman. president;
Zadig yice-president. and T. Amiraux. h r. Bar
rett aud S. Jacobs, directors. K h. hely Was re'