The morning call., 1892-06-15
THE STOCK MARKET.

There was a decline yesterday and a more sloppy
market has not been seen for long time. Judge
Hunts decision falling quickly upon the other
suits, is IN measure the cause. The brokers had
what they considered alright cinch in their
favor, but Judge Hunt has upset all their calcula.
lions. AT present they at The case will be
Immediately appealed to higher court and II neces
sary to the supreme Court OF the United States
At a meeting OF the board Of directors Of the
Hale q Noreross Mining Company W. H. H.
Hart was elected attorney for the company and viii
represent the stockholders IN all further legal trans
actions. resolution suspendlng the crushing OF
ore from the mine and the operations the upper
levels also passed and the following instruc
lions sent to superintendent Ryan at Virginia
City:
Joseph r. Ryd "a Esq, superintendent Of Hate &
NOrc5oss Mining CoHaDdity SIR: Upon rece int
OF thi letter discontinue the shipping of ore 10 the
mill, and also discontinue extracting from the
mine. You viii therefore limit your operations In
the mine TO the reOpening OF the main incline TO
the S0UfooJ level and the exploration OF that level
when the proper depth is reached In the incline.
This order requires the stoppage OF work In all
parts OF the mine except the main incline aud
necessary repairs You are instructed TO make
every effort to diminish the expenses OF mine in
the various departments. Very respectfully yours,
NAT T. MEssER. Pres ident.
This Will greatly lessen the expenses I'm the mine
and assessment Will not be needed for some
time. This ought TO be highly appreciated In the
present condition Of the market
A resolution was also passed authorizing the at
torney of the company 10 take the necessary meas
Company the sum of $ZSiS 10 cash taken from its
treasury by the old board OF directors 20 pay the
expenses OF defendants IN the Fox litigation, IL
was announced by an officer of the company that a
demand had been formally made for the return Of
the money ana that no definite reply had been
made. and as the money had been used In fighting
the company the new directors therefore passed a
resolution instruetins its attorney TO bring suit in
the name ot the Haze Norcross company FOR the
recovery OF the T2SlS IS with interest The fol-
lowing IL an 1temiZed account OF the S28iS 10 as
shown on tee books OF the company: Cash pad
Attorney W. S. Wood for II. G. Sieberst $500;
cash paid Attorney w. S. Wood individually 5000;
cash paid r. 5. MeSek, attorney fees. $500; cash
paid X. 5 desick, attorney fees. S35e: cash paid
Tor witness Tees o. defendants Hay ward. Nevada
NAL and Mining Company. Evan Williams Hobart
Levy anu others, S504 80; expenses OF trip TO Viz
ginia CITY 10 procure testimony for defendants Hay
ward, Hobart Jones, Levy aud Evan williams
cash paid expenses OF w. :. ood 800; cash paid
expenses OF K. 5. Mesick $780, cash paid reporters
Zee for testimony. SEQ so; cash paid typewrlters'
bil Tor testimony S45 50; expenses OF defend ants
going to rev City Hal. 81 20. Total, S2SlS Is.
nn the $3.50 4. n call only 265O Cumstock shares
| changed hands, and prices were generally lower
Ophir selling at - 40, Mexican 81 A. Curry al Us,
sierra Nevada 81. Union 81 and Con. Cal q va
50 80. IL the middle group Fulton sold for soc
horcross 81 90 fOtosi soc and Savage 81 10. The
sold His stocks were iitsle liYeier. and Beieher
sold at 7Sc Grown Potat soc. overman 45c and