, 1879-03-29
Weak Holders OF Stock Ruthiess'y
Sacrificed.
The Now Constitution and Its
Probable Effects.
Tho Chinese Are 0oming--Arrival Of a
Fresh Cargo Of 0elestials.
low Tho Chitago Trihune's Exposure Of Chang
Fan kwal Was Rettiltd.

BAN FRANCISCO, March 2o.-Thc probability
Of The adoption Ut tho new Constitution foxt
Atay Is causing CONSERVATION on the Stock
Hoard, Tint tiocutncnt prohibits tho purchnsc
OF stocks on nargn a,itl. us this has formed tic
chief par, Ut the business here for years, mRny OF
the leauing brokers declare that, should tho Con-
etttutton he adopted they will closo theft establish
n,cr,ts. tllclr profits hare iurccly nccrncd from
This margin business, for. charging ns they do
TX per cent interest month, and being at lib
city to close ont their customers at n'lY moment,
the wcalthtcr among tlcm have found III ttleac
transactions mn excellent !nyeslmcnt for their
captat. Eow. .tl,nt this chance Of making lIIg In
tcrcss tsto cscapr them, tlty prefer to rcltnaush
the business rather than rely on tic mcawro
commissions to he dcrircd from cash transac-
ttons. Bcsttlcs this, tic Constitution provides
fur IN additional taxation Of stocks, ahtl the
pub,'c Is brglnninE to ret sck and tired Of pay
INK nsscssment alter assessment without tho
slightest Indication Of any developments on the
Cotnstock.
TIE REGENT HEAVY FAILURES
here seem 10 havc awakened general feeling Of
slistrllst In the community, and banKers have
been calling In thttr loans from merchants
brokers, ut,d Others Tie result has baen forced
reat.xatlous nntl the usual accompaniment OF
gradualy-rceedtng prices. This week, which
orcncd strung, has Witnessed q regular down.
hill SNOWFALL eamc Among thu brokers, who,
calling peremptorIly for moro mud from tlos-
responsive customers, slaughtered tile stocks
right n,,,l left. No wonder, seeing that the
Ncvaln Bank was calling Tor moro margins, or,
whit -a1,olsnts to the enrnc thing. reducing the
nnuunt to bt loaned on stocks. Hcreis BeIchur,
for instance, arllI,,g for somewhere about 81
si,are, and Alpha for SIT, yet tho Nevada Dank
will onlr loau s2 atul 81 per share respectively
1lrrcoh On the other land, we have Mexican
at about $50, on which Messrs. Flood & Go. are
kind enough to ndvnncc SEQ share.
TIE KNOWING ONES SMILE,
nntl'intcrpret this generosity as atgn That tile
Bonanza Kings arc anxious to let thu boys hare
US much Mexican Us they will take at present
prices, nlld that WHEN this purpose ia acco,a-
pstlcl the bank will reduce Its rites. calI for
more mud, nn.i rake Ia the btock Mt 1nTcr tiY-
tic. rs they have done over uttd over agatit
llutore. II we turn tn Eureka Cousol.dated,-
which, With tllu exception Of the Standard, ia
1ln: only t!lvi,aciI!-pnyanE milne OH tho lIst.-wc
fIutl tllat the Nevada Bank declines to ad-
vance one cent thereon. alsd, as consequence,
th's stock, despite Its 81 monthly dividends, has
5n!tcn ,lnrlng thu past few duys from $21 to seq
up tn week hack ihc bunk hnd leen ndvarr-
llla SIC n Bharr IN the Eureka. md tho With
'''' NJ "'''' ASe~>''
w.n:,rn RI r.erpny c.rrr4,,ars
ncvcr To Invest III Il dvidcnsl-paying niue which
Is listed I'LL tho Snn francisco Stock Board. As
KIT here olliy goes IN on auticlpatlons. So lung
~ n ueye1utlDent Ii promised, q big strike cx-
ptrtrd ora low level III tntne betng prospect
ell, thu hull sic will lnd sufficient supporters
to Hnakr II nlnrket. But rs soon Us the teattty
has conc, us SOON rs the delicious uncertainty
u doubt lms Disappeared, then pricus start oi,
lllr .lowu grade. So lung as the Hutro culnpst,-
in!so was bending tho water stocks wcre we'll
na,utaiucl. Tile lnnlncut tl.e compromise bud
been1nc an accomplished fact, dowt, they went.
Ehtptlrrs hero arc very ant to sell their stocks
tM: instnnt lh.l tI,e t,aucrs pll,llsh news OF q
lnno having struck orc, mud indeed syxtcmutl-
rally to
corpru rvvuv scu.p or xuws
.aa,,t, ~ .'.,a., w. 49, '.",,, W. .,.,.. ,.,.
tenuknE 70 cnuance the YalEe ot theer thinlhG
WPs'l.efI9 linus, !os Hflaneet uis patca 1so1'
, ssxlnla G'tV papa!seea u, tGdas's papers, ai''
iN!1' aha tooHniE petter tnal eFeT. az coEao'
tt!n *;a ~ =. ssS ,m;,h In,sE,"-. .aaia,,n
WHO kn0ws but wbnt suu,s t,f ,hc n,,craturs
rnav lInvo reuiyc,l .llsratrbce In nrpe3sr,y liz,
contrary effect from tllrjr confidential agents
engaging tu conversation viii sona pue Of tlle
pjlshf shat on his sxIt from the n,fnsI These
thjurs uru OF eyery1ny OCCURRENCE. nitt,ourh II
Vi1rintn n sharn:r watrh * KNIT nver thr inc, r
tnailwi Botlte. Tlr Drcak last ysar #, Botljewaf
1Iro1yit H1ln51k thFn,Itrh t1tahafrh frnn, nnA r,
trse contitirnriai o9.rts win INIT trivr,, tn;rc,
sim tu iesn si,I;nrss int ain." hin, III. a"rnt
10 iii tin vncnmav ;n IT." ahtft ~ % lin; ,,ioht
r,,s ,osn ..ma.ann,.,,ns ~ a, ~. .'1, na,.1".a
s ''oet hAiA"oAo'""H' pI'ic@a
atI ~ ~ o1ueE u AeFp sceiet tt,e ahc'
1in frn,n I'M ,ni,cs mi, noiHtf ,'1,.3 NJ I' ~
sII ,s"c,s smnIv ~ ~, fI"rr m.n"s ~ ",,I
rerriv,, rInhrr iiann,rHhcs nf thn rrthnta ',1 '1
Will, tfnv erc NO ~,,ssn, ,.hos Nt't.It "
st"Mdtn. ri ~. sreontinra ~ ,,,s Nov,t1. HILL
mrrnntes Han"roiiv tlnI ~ 80 ,vi,n, "a ,oui',,
nincn' Wiih thc1r svs,ar, , ~ tnia 1n,,,tn'r y
stnc hrousra tav .snis, ,>., :.
frni nvar tEat hrGy o,'t "anaroIiv a,,.,,e :,
Srtrnct snr ito+!1a H., H., ~ , stni, ~. :.
1,cib "tc a. ,x;,i nn"', No ,hn. ~" 1o',,s ~ w.,
nIIiitv ~ hc,5sna -, t, a., - .a!es eausu ~
.,r ~, fc,tn 'nt - Mts,. uf WILLIE YEA, u.
trrlv III" s1n"n.s K;m... hn". ,,isuo'",,a.s'
INIT Mill, ~ .,'n;, ,h S',is i st'i tti
nr.at s,nts ~ ~ Mu 1i ~ s .... taSI .e1T nG!
,rio .,1s,tt ,,nt t,.., na, ~. III. .ete Sam "
,'" ~, H., ,,1,,.s s,i t,9 lus.
n,u' u,rxn TX Grnt H.! np",. . M.'a .Me1,.a' ~
,,ttu,te,' orni Musnua 4ae'e asa'a t'7 nc" YIN
- ,,,.,,,n.,.,
~. .,,., ;,.,.,'..,,.a. 49, .."*,.,',.
& ~ ..:t VIZ rfGnao'ta htoek isAhsac
uns os 'usuao a.aissry nt.! 10 TINS may Q
H.. ~ s, - t pt,1.'nE a1E ue'lvGty on 4ues
1i1 ,.o,, o',,.n.,,t :" ~ @ psonn