The morning call., 1892-06-09
THE STOCK MARKET.

1t looked yesterday as though genuine fight for
the eoatrol of Savage to take place, and sharp
fluctuations under heavy sales were the rale.
Messrs. Jones and Hayward are reported anxious
to gain possession at the annual election, which
takes place Ia July, and their only hope lies in
buying up the stock, some lively times ahead.
At present Mr.. Flood has virtually the control of
the Board of Directors. and in the present contest
has the aid OF the brokers Combine" which is
matter of considerable Importance as unless the
parties interested buy up the stock the combine
holds the balance OF power. The suit now pending
against Hayward and Others makes it almost i'm
peTatVe tor these gentlemen to have the control OF
Savage and contiguous mines. and if the fight is
carried on SIS promised yesterday, the public
Will be the gamers as the price Will make such an
advance that they can get out at good profit.
No news OF any Importance was received yester-
day, aud all attention was given 10 trading in Saw
age. on theiearly call 2i00 shares of the stock
changed hands ut 81 15@3 80. and Epstein aud
Schmidt w9re active buyers. Curry was benefited
a little by the advance, ana sold up TO 81 10. The
balance of the market showed particular hange.
Oph r was duh at 81 40, Mexican 81 %, Best a.
and Con. Cal 4 Va. 81 o..
lar 45c. Norcross 81 so and POt0si Toe.
A little better feeling shown In the south
end stocks. and sales were made in Alta at 35c,
BelcheT soc, Challenge soc, Crown Point 95c, over
man 45e and Jacket 55c.
After the call Savage very lively and the
price advanced under large purchases By Coffin.
Schmidt aad Epstein. II he clippers were active
sellers and as quite number of wide fluctuations
took place they generally made profit and the
brokers made their commissions. Altogether 1865
shares changed hands during the Informal session
at prices ranging 81 80 to 81 80. The balance
of the list did not show any particular activity out
side of Gould Il Curry, which sold at 81 10 10 the
sale OF 1850 shares
on the $50 NJ. session OF the Pacific Savage
figure by the members Of the big board and ham
mered down to 81 50 to sales OF 245O shares, com
ing principally from Epstein and Joe King. The
balance OF the list was also heavy and trading WAS
C0Trespondingy light. After the call the market
continued heavy and business showed a marked
q
NOTES.
r. ?. Heating. Superintendent or the Savage ar
Silver made quite JUMP yesterday, certificates
selIngat Gle aud bars at 68ssc IN New ork ana
The Gray Eagle Mining Company's mill at Forrest
Hill will be started up the 10Th,
The assessment on Jacket is delinquent In the
Homer King left for Seattle yesterday and from
there will take trip to Alaska for the benefit OF MS
The Bald Mountain Extension Drift Mining Com
pany has decl ired dividend OF 10 cent per share
aggregating $4,000. THIS IL the nineteenth diyl
dend. The aggregate cieanups of the mine for the
past month, "a working days, aud Ike number OF
grayetpickeTs were 1854 ounces aud II penny
weights-$l6.068 S3-psid for the gold by Seam.
mans Bank, Downeville. One nugget weighed "
ounces and others from one TO several ounces
About so men are employed. 49,
Tie Virginia Chronicle says: The occidental mill
has started up 10 stamps On Occidental The
revival OF WORK at the mill and mine has necess
tated the putting Of large force OF extra men,
Superintendent Kinkead expects to 80 per
cent Of The ore worked. Some important eXplOra-
lions TO be made from the south branch OF the
Sutro tunnel in the Old ST. JohB ground.
The weekly report OF the Savage is as Follows:
During the week we have boisted 62l cars OF ore
from the $50, 100. l400 aud 1870 levels; shipped
to the Nevada mill $50 tons and milied 523 tons,
average sample assay S24 AZ average battery
assay $40 90. Bullion yield for the week S1o95 %
We doing the usual prospecting and repair
work the several Levels. In tine northwest DRIFT
1850 level at point 90 feet north OF our south
boundary the body shows width OF three
square sets OF fair grade The joint upraise
with the could a Curry from the Sutro tuanel
level Is advanced 90 feet Top is in quartz
giving low assays.
William r. White was yesterday elected mem
Der OF the san Francisco Stock Exchange on the
seat OF L, i. Peckham, who has been member of
the board continuously ever since April II, 1868.
During that time he has held the position OF pres
the panicky times ~ 1885, when was found neces
sary TO adjourn the board on the % OF December
In order that the brokers night have an opportunity
Of going over their books and finding out Just how
they stood, firms were failing on every side and
brokers were having hard time making their de-
lyerIes. During the bonanza days Mr. Pc ekham
was a trusted agent Of Flood & O'Brien and hau
died the bulk OF their business OF late years how
ever owing 10 III health, he has been seldom seen
in the boar d. and leaves with hosts OF Trends and
name uhsoiled MIR White, his successor, is a mem
Der of the firm Of q. w. Marye a Co, which sue
ceeded 10 the business OF George 4. Marye x Son,
and has grown up in the business, having come on
the street 10 years ago delivery cIerk and has
been with George I. Marye a Co. almost ever ince