New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-14
CLOSING Prices or CALIFORNIA STOCKS
sAs FuANcsCO. NouIay. Dee. i3. 1850.
Saturday. To-day
ley TELEGRAPH 10 THE rRIBUSs.I

SAN FR,NCISCO. Dee. 13.-The early lnforma
call was firm and active. The keynote TO tie mar
Alta-otfred at 10 aud closed 1T - 30. After
;hr regular call the stock broke to IS 81 closing
at ~. Seth Cook did not stop ON tue Com
she city or Saturday,. This ac'lon rs re
garded with SUSPICION he cutting OF
the Alta l"dce has been postponed untll Wednesday
Inc friends of tb" management, WHO invested III tie
stock on reports say 1t will be made warm for the
authors should 1t prove that they have been manu-
factuTed. IL,
sierra Nevada IL qHoteu IL dSsVsshiohV uciAn-
RnnrE. CAL. Dee. 13.-The Standard Mine ex-
racted during the past week LIS cons et ore;
average pulp assay. $50 0S per ton. Crude bullion
rccc we'd, 39I ounces. Shipped 20 company $92.5
Boston Consolidated is showing rapid improve
mcut. A ten pound average sample from the north
drift Of the 300 level from tivc-fOOt breast of ore,
today gave an assay of $40 per ton.
Considerable excitement was caused yesterday
among the brokers of tie Mining Exchanges BY the
refusal of members 10 accent is " g"od de-
livery unregistered certificates OF Boston consoll-
dated stock As tins stock has been tho most active
ON the list tor the past week. thousands OF
shares changing hands daily among me
members If both exchanges. and being
accented without question at the Clearing House of
the Mining rust Company, this action on the part
of the leading operators created general Indig-
nation. particularly among brokers' who had bonght
that ii. W. Mason 81 Co., of No. 80 Broad-st..
have teen for some days large purchasers
of the, stock. mnsh ~ Of it at figure figures
tion. were conducted through broker belonging to
the American Beard where the stock ~ on the rcgu-
lar list. On Saturday 1t began to decline, dropping
from ~ 80 Ia ~ 80 within two hours. Iherrupon
Messrs. Mason Co. Informed their broker, Nj. L.
f.. OryIs that they would not accept from
hun any Boston consolidated stock whici.
was unregistered. In consequence, Mr. Owls
yesterday morning sent word to the brokers with
whom lie had transactions that he would not re-
ceiye unregistered stock. This announcement pro-
yOkcd much unfayOnble criticism. AS such a course
o. the part OF the principal operators necessarily
caused not II little inconvenience all around. he
brokers say that it is well known thar none of the
California stock dealt in to any extent on tins mar
ket is registered, and that no objection has
eyer been nude ON TINS account. mat hat
objection until they found that they oold no
longer control the market. That none OF the Boston
Conso idated stock registered. either in New York
CaliioI ma. ana therefore tue demand Tor regis
tcreu stock is an absurdlty. The question was
brought before the American Exchange Yesterday
afternoon and resolution ad lpted with only one
negative vote, that all California stocks bearing
upon their iacc prina iacle evidence OF their gem
uInencss should be received rs good delivery with
ont registration. The following ~ the article SIX
of the bylaws of the American Exchange under
which 1t IS understood Macon Il Co. refuse to receive
the stock
The Exchange viii not call or deal in active specua-
not Kept ~ some responsible bank. trust company or
other satisfactory agency aud whIc shall not give pun
time of establishing egisry Of the
number OF saarcs 80 nrusied To ne registered. ana
shan not give az least thirty day notice through tho
spapcrs and In writing. TO the prcsding officer of
tue Exchange. intended increase of the numoer
OF shares either direct through the % oouyert
BILE bonds aud shall not az the time give notice OF
ne hect for which such ssde OF stock or bosdss
to b. made.
1t ~ by no means clear that this rule makes only
registered stock good delivery The officers Of the
Minlhg Trust Company, SAY however, that the rule
was rescinded IN May last, and that it appears IN
the bylaws through IN oversight only. In any case
tho entire transaction savors ra her too much of
sharp practice. TnE TRIBUNE reporter was unab q
to see Messrs. Mason Co. at the time of hS call
| Their office yesterday.
Bullion valued at 1858, 800 07 was received IN
this city from the mines yesterday
| Inc ore statement OF the Iron Silver Mining Com
| pany for November shows that 1 1871 tons of ore
were shipped during the month; ore paid for, 453l
| tons, aud the amount received during month
$S4 100 IL.
| The Honiestake company yesterday declared its
twenty seventh dividend of 30 cents per share and
an extra dividend of the same amount both payable
| December n. Transfer books close ON the both.
The prospectus Of the Continental Mining Invest.
ment Company has just beoD received. This com
| pany has been organized under tie laws OF Ga,
State Of New-York, with . capital of $500 OOOO, OF
10000 shsres Of $40 esct. full paid aud non