The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-08-11
THE STOCK MARKET.

The weakness that marked the close of satur-
days business was continued yesterday, and again
were the stocks controlled by Mess:s Jones and
award subjected to heavy cutting 1t was re-
ported during the latter part OF last week that Mr.
Mackay and Mr. Lyman had made n tour of inspcc-
ton Of these mines, and judging from their decline
they are not In the condition they have been sup
posed to be. Last week n crOsscut was started on
the 100 level Of Potos near the CholIar line and
cut through four feet OF good ore and again into
material OF low grade, aud evidently the insiders
began to sell stock, as nearly all the business done
yesterday was BY two or three brokers'
On the 8 80 O'Clock session Ophir was steady at
$31a and Con. California and Virginia at s5Ts@
GA, under sales OF 1400 shares principally by
Stauf and Walls, with Noble buying Choilar sod
down to $2A under sales of 1900 shares of which
Fitch and Noble were the sellers. Potosi followed
suit, selling from IS down to 81 so under sales OF
1900 shares, Stauf, Fitch aud Walls again getting
In their deadly work and selling all the stock pos
sible After the cali there was a great time irving
TO get out. Everybody tried sell ar the same
time and large lots of nearly everything on the list
were disposed Of. No less than 1850 shares OF Con-
California and Virginia changed hands nj figures
ranging from $61s to s51a aud 1850 of Potosi at
- 9Otg4iya, OF which Cope, Stauf ana Walls were
the principal sellers. On the z:3O o'clock call ins
ness showed falling off under better priees. and
after the call there was quito reaction the Gold
Hill stocks being in demand at a resnsctah,e adj
vance. The whole market closed quite healthy
NOTES.
Thomas Cole has been elected President OF the
Grand Prize Mining Company, vice John E. Dixon
deceased.
bullion shipment containing le.O4l oppces of
silver, has been received from the Bolme s mine Of
Candelaria.
The Justice assessment falls delinquent In board
to-day and the Teirakof assessment In once
dividend of 50 cents per share, PAYABLE on tho
l7th was declared by the Con California and Viz
ginia yesterday.
An assessment of 20 cents per share has been
levied on the Mexican. ~
Silver duii and inactive In New YORK. vester.
day. 9SA cents being bid, with no sales.
During the past month there were 1850 tons of
Chollar ore worked at the Nevada mill witch pro-
duced S270lS. The cost OF reduction was Al $50
leaving net proceeds in bullion OF 81 lU59 80 The
assay value per ton was $40 20. aud the ore was
worked up to 90 per cent OF It's value or l2 so per
TON The gross average per ton was Bill IS and the
net average 81 s..
The San Francisco Gasiight Company has de-
ciaIed dividend of 35 cents per share aud the
Atlantic Dynamite one OF 40 cents both pavabie on
the 10Th. and the California Electric Light one Of
l5.cents, both payable on the came date
u. Is. Lyman, Superintendent of Con California
ana virginia and other mines, together with Robert
Logan, the mill man. arrived In this city on sun
day. va ~
The feature of yesterdays transactions in the
Board Exchange was the decline in California Eiec-
tric Light, which sold down to S12ss under sales OF
b2l shares
At the annual meeting OF the stockholders of the
German Savings and Loan Society. held Yesterday,
lo451a shares out OF capital stock 1910 shares
Directors for the ensuing year: L. Gotfip Prssi-
dent; Edward kruse, First Vice President. George
IL Ecgers, Second Vice-President: August Eugene
Meyer, +. 1ilmaD. NJ. Ehrman. A. Schoemann,
Henry Horstman and b. A. Becker, Directors and
George Tourny, Secretary. The President reported
the AFFAIRS OF the bank to be In most ronrishing
condition, the deposits having Increased over
$3.000,000 during the past year. and a strong dc
mand for money Is being shown Contracts have
ground will be broken November lst
The following Official letters were placed on file
yesterday:
SILVER HIIL-The southwest drift, so level, is