The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-07-22
THE STOCK MARKET.

Prices declined stll further yesterday and bust
ness continued duh No official news Of anv i'm
portsnce was received from the mines but private
Information continues very encouraging in the face
of the decline. Superlnten dent Ryan OF the y or
cross Is very hopeful OF the present work the
1900 level of that mine and says that 1t will be
actively prosecuted wherever indications favor
able for finding ore body.
On the early call oPhir SOLD at 81 SIS, Mexican
81 so, Best a Belcher 81 55. Union s5c and Con
Cal. Virginia 80 10. to sales OF 245 shares; Hale
& Norcross 81 20. Savage 81 05. Belcher 81 l5'
Challenge 35e, Alta soc. Andes S5e. Utah 81 So
Nevada Queen A5c ana Yellow Jacket 65c,
After the call considerable stock changed hands
at 4 further decline and the market had anything
but an encouraging appearance al the noon adjourn
On the 2:3O P. NJ. can prices steadied up little
and trading was rather more setiVe but IL only
temporary. values declined again during the In
formal session and closed weak
NOTES.
Silver remained the same yesterday selling at
Soc in New YORK. and at 39ssd In Loud0n.
The Oceanic steamship Company has declared a
dividend OF SOC per share payable august l.
The Dayton mine has again started under new
lease, and II is reported that the Rock Point mill
The California Cotton-mns Company will pay a
quarterly div ldcnd OF 81 per share on August !.
The Central Gas Company viii pay quarterly
dividend OF 81 per mare Ia August.
The quarterly interest on the siK-per-cent bonds
A cleanup OF SIX loads OF ore from the Lafayette
mine on Osborn Hin, Nevada County yielded AZ the
rate OF s. 90 per ton, exclusive Of headings and
The Golden Fleece Gravel Mining Company has
levied an assessment OF s. per share. delinquent
August -.
During the month OF June the Eureka and PAIL
SADIE Railroad Company received for TRANSFORMATION
TO sat Lake and California = % tons Of ore, dis
trbuted as follows: EUREKA district. from the Dia
mond mine 600 tons; Eureka Con. mine 437 tons;
Dunderberg mine, 100 tons: Jackson mine los
tons; Alexandria mine. 90 tons; FheniI mine. 90
tons; Richmond mine ~ tons: Silver West mine
30 tons. Hamburg mine. 80 tons: Lord Byron niue
Is tons Total, l54i tons. From Hamilton, " hite
Pine county, 667 tons and bot creek. aye county,
The annual meeting OF the stockholders OF the
Savage Mining Company was held yesterday.
total representation OF lO7,35l shares OF stock
present, and or this amount the brokers Com bine
had rs 6lg shares and succeeded In etecting " n
Miles director. The board or officers ele ted for
the ensuing year Is as follows; George r. MeiIs
president, Chsres II. Fish vIce-presidenj. and
directors. L. Is Holmes was reelected secretary
and his financial statement showed an overdraft or
SI7o4 43, ana X. Z. heRIing was reelected super
1T .ndent.
The following resolution was offered by Charles
Hrschreid and was uuauim Dusty adopted:
Resolved. That the directors OF TINS corporation
are requested aud directed 10 take into cOnsiderR.
tion tEo adyisabiiiTy Of the purchase by this
pany, either by itself or In connection with other
corporations OF a quArtznil and TO unite with the
directors OF any other company proposing such
ton In the consideration Of sucn purchase and in
negotiating there Tor: but no such purchase shall be
made or completed until the same snail have cen
ratified by a vote OF majority o. the stockholders
81 Interest al 4 meeting called by the directors for
the purpose and OF which Two weeks'uotiee stating
the object OF the meeting snail be given by adver-
tisement IN At least two newspapers published in
the city and county OF san Francisco The al
rectors may also, before calling meeting. en-
P,oy nos more than two dlsluteTested persons
skilled IN the building OF an1 value OF qusrtzmiis
70 examine and report upon the condition aud value
os any mill which IL is proposed 70 buy, and any
such report shall be submitted 10 the stockholders
meeting
The superintendent report was quite lengthy.
and after showing All she done on the different
levels goes on 70 state that there eItractc
from the several leye's S,533 l300-2000 OF
ore Of which 1871 lT7t-2OUO tons were reduced al
tho Mexican mill ana 24,6l5 tons AZ the Nevada
nIll and 40 ls3o-2OOO tons were worked by the
Janin pro- css The gross yield OF said Amounted
10 S3S7Z5l 80; discount on same. $50. 40S 81;
leaving net coin yield OF s3l2.S76 So The aver
age car-sanpie assay OF all the worked
S23 Il; average battery assay, $40 20. The per
centage obtained Of all the mied 72.49
per cent OF the battery assay.