The morning call., 1894-06-02
THE STOCK MARKET.

The market was weak and heavy yesterday des
| pite the efforts maze by the Pacific Board brokers
/ on the early call TO initiate prices Considerable
| trading was carried during the day, but the
| market had a very heavy appearance at the close
/ last evening News received during the day
stated that high grade had been struck in the
DRIFT from the upraise above the 1850 level of
| Con- CAL d Va. force of miners has been put to
work stopping cut ore from the 1860 level and an
improvement is reported in the drift 20 feet be-
low this level. OF which the Virginia Chronicle of
Thursday has the following:
at is reported that twenIy-four men viii be put
to work at the {. q Z. mine tomorrow. and that
the work of extracting ore from the 1850 level
viii begin at once. This is good news, as there
great many Idle men here. Even with this
reduction there viii still be many unemployed
here, however.
ait is reported that the south drift % feet below
the 1850 level of the Con. Virginia was in lower
grade ore than usual day or so ago. but that it is
now in hig h-grade ore again. This accounts for
the break in prices this morning. The stock mar
ket tuctuates according 20 the prospects In sight.
The showing favorable to-day, hence stocks
went down. When Con. Virginia weat TO $55s the
other day the drift Aforesaid was probably in low
grade Ore
The assessment on Silver King is delinquent in
the boards to-day.
Silver was steady at 6l$4c in New York yester-
day and at 20 $3.50 in London.
The National Lead Company has declared its
tenth quarterly dividend OF lsL per cent on the
preferred stock, and also dividend of per cent
on the common stock.
The Pacific Rolling mills viii pay the quarterly
interest on its second ISSUE OF per cent bonds
this month.
Bullion valued at $4,000 has been received from
the Mayfower gravel NINE.
Richard V. Dey, secretary to John w Mackay,
returned from the East yesterday
The output of the Anaconda mine for the
month of March 10 10000 0 pounds OF re-
fined copper, $50, goo IN gold and ass 900 ounces
of silver, the Whole being valued in round num-
berS at Sl.z50,0OO.
In the Bodie the north drift from west cross
cut 300 level was extended feet. The ice of
drift is in good but broken up some with
porphyry bOulders. Started a winze from above
drift ana extended IT 3 feet. There is about II
inches of good Lore in bottom. Commenced TO
crush ore in the Bodie niue last Wednesday.
In the Mono they have cleaned out and timbered
the main south drift $50 level 81 feet.
In the Bulwer they crushed As tons of dur
ing the past week. Average battery samples
$40 OS, tailings So OF. Seam above south drift
from crOsseut south continues TO yield some
good ore. The seam is small They extract
Ing some fair milling ore from top of upraise T.
Repairs are being made in crosscut from main
DRIFT 100 level connecting with top of upraise 7.
In the Seq. Belcher the east crosscut from the
north drift on the 1850 level has been extended
10 feet during the week, total length 10 feet
The face is IN soft poTphyry with small punches
OF low-grade quartz through il. Are Sill stopping
north from the south raise this level and
saving few tons per week of fair-grade from
there. The pay ore is about feet in width.
Assessments Pending.
Following is list OF assessments now pending: