Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1886-12-04
OLD TIMES, ROX."
THE SERVANT GIRLS STOCK DEAL
REPEATED.
1t is just Like Old Times-SOme OF
the Victims Of the Comstock
Cyclone.
[BY TELEGRAPH TO THE REcoRD-UNIoN.l

/ nOul OdShOo W wv
were crammed with an excited crowd cage
to learn news of the first call on which, t.
them, would bring happiness or dismay
They had not long to wait, for the Sar
Francisco Board met promptly at 9:3(
o'clock, and a few minutes later Con. Vir
| ginia rang out $40 quickly, followed by {
drop to $50 Best & Belcher, which closed
! last night at S23, opened this morning a
S21 and in few minutes went to $40. The
bears made savage onslaught on these
two stocks, but the bulls were too strong
| and many bears went down in the disaster
The middle stocks showed an improve.
ment, the bears devoting less time among
| them. Savage, which closed at $15 rs last
night, opened at SIG, and further improved
TO $l7. Chollar gained Sc, the bid going to
Sc so, and Potosi jumped from Sc to 50 and
then to $40 S71 Ophir was the only north
end stock which showed any improve
ment, opening at S25 so with further
Jump a few minutes later to $26 so. Over
| four million dollars have been Withdrawn
from the city savings banks every cent OF
which has gone into stocks. This shows
| that the laboring classes are taking hand
| in the deal
BIG BEAR SQUEEZED.
Shortly before noon the announcement
was made of the suspension of R. F. Nor
row. Morrow is not a broker, but had
made many contracts to deliver stocks at a
figure much below present quotations. He
claims to be worth 81 ,000,000 over his liza
bilities, and his embarrassment will only
be temporary. Rumors were on the street
that the Bank of California had been
forced to foreclose on stocks pledged by
Maurice Schmitt and R. F. Morrow, and il
was definitely stated that Schmitt had lost
all of his interest in the Sutter-street Rail
road. Both Of these statements were false.
OTHER FAILURES.
At noon the firm of Kullman & Co.,
brokers of the Pacific Stock Exchange, sur
rendered to the inevitable, and announced
| that they were unable to meet their obliga-
tions. They consoled their victims BY
promising that their suspension would be
but temporary
Next came the announcement of the
failure of j. Mackenzie, a stock broker.
His liabilities are not known. month
ago he was worth a clear $4,000 but to-
day he stands stripped of everything.
NOTES OF THE CONFLICT.
A rumor that Morrow and Mackay were
| pulling against each other was denied at
| the Nevada Bank by Mr.. Brander, who
said that the two had never had any bust
ness relations with each other, and that
! there was no cause for the rumor.
Among the lucky dabblers in stock is Au-
ditor Strother who, few days ago, ordered
broker Mackenzie to buy him 900 shares
of stock. The order was filled and after
ward the watchdog of the treasury or.
dered the stock sold. This was done, and
Mr.. Strother, without advancing dollar,
cleared up $4,000
Greenebaum & Straus had 800 customers
or more, and though the business manager
could not state what its loss would amount
to in exact figures it would probably be as
| high as $4,000 or SS500 600. Yesterday,
| before the firm assigned, it was offered
100000 by one gentleman, and afterwards
another capitalist offered to advance $780,
| 600. But the firm refused. 1t did not know
how its accounts were, and would not ac-
cept the offer.
TURNBULL ON DECK.
Major General Turnbull to-day said to q
Post reporter {" / have come back to take
a hand in this deal. l still hold my seat in
| the board, and as it is now worth $4,000,
| think | may as well get some good out OF
it. | could have made 800 on commission
this morning if had had an office shall
secure one at once. You need not look fo1
heavy advance of stocks. but l believe
that they will go along steadily
soRRowFUL SCENES.
FIom the Call: Among the numerous
losers by the crash of yesterday were a
large number of women. Yesterday dur
ing the day they were to be seen elbowing
their way among the throng On Pine
street, making anxious inquiries about the
condition of the market, and some of them
| longing wlstfully for the money they had
the hands of the suspended firms. Yes
terday afternoon two ladies stood on the
| front porch of the Stock Exchange build
ing, on Pine street, weeping and bemoan-
| ing the loss of their all, which had been in
vested on margin and swept away in the
sudden decline. Another lady stood on
the corner of Pine and Montgomery streets,
explaining sorrowfully to several bystand-
ers how she had bought 250 shares of Con-
solidated California at the lowest price and
had given orders to sell it yesterday morn
ing to one of the suspended brokers. She
said she supposed it was all gone, and wept
so bitterly that even the excited mob, in
tent on speculation only, was moved tc
sympathy"
| THE DEAL IN NEW YORK.
New YORK. December 3d.-The excite
ment at the Mining Exchange in Broadway
Yesterday beat anything of the kind evel
before witnessed, even in that excitable
place The floor was densely packed by ar
eager crowd bidding for the Comstocks
with an eagerIfess that could not be sur
passed even in San Francisco in former
years, and leading brokers professed tC
have private advices from Virginia City, a:
well as from San Francisco, of character
to Justify the belief that rich ore had beer
struck in other mines besides CONSOLIDATED
Virginia, but it was noticed that they weTt
careful to keep these private advices tC
themselves.
EVIDENTLY NOT POSTED.
The outside public, as if taking it fol
granted that there was good news, gave
orders to buy right and left with Sutrt
Tunnel favorite card for the time being
Months ago it could have been bought fo
10 cents To-day il was rushed up to 81
cents, in transactions that ran up to ;
quarter of a million shares. Brokers a
the regular Stock Exchange, as well as a
the Mining Board, occasionally took handi
in the game, and for while the railway
list was neglected. Consolidated Californi;
and Virginia, which sold up to S4S, wa
kicked about the Board last summer at s.
per share. How long the imitation is to gt
on depends on the question whether or
has really been discovered on the lode il
sufficient quantities to warrant the deal
Mr. Maekay is reported to be still at Nir
ginia City, and that fact is accepted as proc
that there is something in the wind beside!
rumors.
WHERE IS "sILyER CLIFF ~
NEW YORK, December 3d.-The mining
fever has got into the Stock Exchange, anC
many brokers and their customers are buy
lug this kind of stocks, in consequence o
the recent sharp rise which brought then
:.,41. RI1ll Inniris ar.