The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1895-01-17
THE STOCK MARKET.

Despite the favorable adyiceS from the Comstock
the market had a downward tendency yesterday.
Large quantities of stock were thrown upon the
market and prices were cut nearly in two. Some
nf tho leading buyers OF the past few days were
the heaviest sellers, and many poor operators
account was wiped Out The general belief on the
street is that manipulation is the OF it all
and welI-iuformed operators look for decided
change FOR the better.
NOTES.
silver was steady at $3.50 In New York and
27 3-I6d in London
The Contra Costa Water Company will pay a
dividend of 80c per share on the goth.
The Wlckersham Banking Bompauy of Petaluma
has declared dividend at the rate OF per cent
per annum.
Union Con. Alfred Swain was elected secretary
vice c. c. Harvey. deceased.
II. NJ. Graham. the mining superintendent, left
for the COmstook last evening
President Ives OF the San francisco Stock Ex-
change has appointed the following committees:
FXecutive-James Marks, Charles Paxton. a. f.
Coffin, NJ. A. Mcdonald and Z. w. Fox. Finance
T. Epstein: o. K. Jones, James L. King. Stock
r. f. Rodgers and S. Dixon. Commission an d
rnles-J. II. Croker, A. g. Garnet and Werner
Stauf.
AT the annual meeting OF the stockholders OF
the Sierra Nevada Mining Company SO, 2e4 shares
elected: Charles H. Fish, president; Charles H.
Birshfeld, vice-presdent; and A. X. p. Harmon,
Thomas Cole and Herman Zadig, directors. K. L.
farAer was reelected ecretary, ana ms nnauclal
statement showed credit OF S2A43 IL An as
sessment OF 20 cents per share was levied, de-
hnquent February 10.
The Fireman's Fund Insurance Company as
declared quarterly dividend OF So per share,
payable Immediately.
At the annual meeting of the stockholders of
the san Francisco Gas Light Company. the old
board of directors was returned unanimously
as follows: Adam Grant, Joseph b. Crockett Levi
Strauss George w. Prescott, Daniel I. Murphy
A. Ii. Pays0n ana J. Downey Harvey, Mr. Crock
ar al err md
6. Barrett secretary. Dividends of 80 per cent
per annum on the par value of the stock were
Judge Murphy mas just handed down decision
favorable TO The stockbrOk ers, who have had many
verdictS rendered against them in the margin
suits. This suit brought by j. Doelkers
against George 4. Coursen OF the San Francisco
Stock Exchange and was for the sum of 1911,
claimed 10 have been appropriated by Mr.. Cour
sen. The plaintiff endeavOred to show that the
transactions were margin" ones, but this was
contested by Mr. Coursen on the ground thet
they were al cash transactions. He also put in
counter claim, for balance due, ard was
awarded the verdict.
In the Bodie the south drifts 20 feet above No.
] west crOsscut 400 level was extended IA feet:
face IN porphyry with a small seam OF ore. North
drift from winZe % feet below the main north
drift 800 level was extended II feet The ore in
the face is from II TO II inches wide and Of very
good grade. East crosscut from Burgess Wine
level 80 feet below the eco level was extended
feet: face in pOrphyry. HGiSted TO the surface Is
IONS OF ore estimaed at $40 per ton.
In the Savage on the 1000 level in the north
lateral drift from the east drift they continue to
extract ore from the sill floor up TO the 9th floor
On the 1850 level in the south drift from the
east drift 80 feet from the south ore slopes they
continue TO extract ore of fair grade. They are
still stopping ore from the bottom OF the winZe in
the south drift They have drifted north IA feet
on the streak OF ore mentioned in the last weekly
report as encountered in the east crosscut from
the south drift
During the week the work in the mine has been
confined to prospecting aud extracting ores.
They have hoisted las OF ore; shipped to
the Nevada mill go tons and milled $50 tons.
Car samples average S33 So per ton Bullion
yield for tue week, 1886 80.