The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-05-03
THE STOCK MARKET.

The market fooled the public again yesterday.
Prices opened strong, advanced under lively
sales and, after the shorts had filled, shaded off
again, only to be followed by another advance
Con- Cal a. Va was the favorite and reached Sc
under heavy purchases by Sides and Messer.
Many thousands of shares changed hands during
The day, and the stock closed strong at So5S bid
Very favorable news was received from the mine,
and IL was the general belief the street that the
highest figure was yet to be seen. The news from
the Savage, Belcher and Justice placed on file
during the day was most encouraging, and high
grade ore seems to be the fashion all along the
line. The demand for the Gold Hill stocks puts a
stamp on their action and the insiders quietly
taking up all the stock offered without bullng the
market.
On the early call of the Pacific Board Con. Cal
& Va was advanced from 81 80. the closing price
OF Tuesday evening. to $685. under purchases
of over $500 shares by leading broker. In the
big board 1t shaded off to $51s, but 1mmedi-
ately after the call advanced to So under pur
chases of nearly 5000 shares by Messer and Sides.
A decline was then made to 1914, only to be fol-
owed by reaction to 1854. The balance of the
list was also active and showed an advance. The
actions of Ophir duridg the present upheaval are
causing considerable comment, but the stock
seems to be held down by main force, for, as soon
order appears TO buy. 1t is filed and more
prosecuting from the central tunnel is about TO be
commenced this action may have strong bear
ing on the market.
The assessment on Challenge is delinquent in
the Office tomorrow.
Silver continued to advance yesterday and sold
up to $3.50 in New York and 29Stsd in London.
An assessment OF zoe per share been levied
the Silver King.
The Spring Valley Water Company will pay a
dividend of soc per share on the 10th.
Tire Pacific Gas Improvement Company viii pay
dividend of soc per share on the 10th.
quarterly dividend OF 81 per share Will be
paid by the Central Gaslight Company this month.
The Calumet 4 Hecia Copper Mining Company
Will pay q dividend of So per share on the 18th.
The Standard Consolidated Mining Company
has declared dividend of 1Oe per share, pay able
on the nth.
pected to pay quarterly dividend of 81 per
share this month.
In the Justice the south drift from the bottom
of the wlnze from the Blaine tunnel has been ad-
vanced Ia feet, making its total length 102 feet.
The face shows width of feet of fair-grade
ore. The Taylor min was started up yesterday,
crushing ore from the mine.
In the Seq. Belcher the west crOsscut from the
end OF the north drift on the 115O level has been
carried TO total length of rs teet, where 1t
reached the footwall and was discontinued. Op-
posite it east crosscnt has been started and Is
now out feet The face is in porphyry and
lunches VI low grade quartz There is no change
OF moment to report of the stope from the south
raise II 50 level.
In the Savage on the 1860 level the north drift
from The shaft station advanced feet, total
length IS feet AT point IN this DRIFT % feet
from The station they have started east crosScut L
ana advanced same II feet: face in porDhyry.
The upraise in the north drift has been carried up
a total distance of "a feet. The top is in quartz
giving low assays. on the 115O level the north
drift from the shaft was advanced II feet making
its total length 95 feet; face is in porphyry anu
quartz. From the face OF this drift they have
started an east croSscut, No. 2, and advanced the
same feet; face is ia quartz and Dorphyry giving
low assays. During the week they have holsted
35 cars OF ore. Ctr-Samples aver age $40 20.