The San Francisco call., 1907-02-07
Raid Is Said to Have
Been Planned by
Market Bears

The feature of the local mining
stock market yesterday was the
knocking down of Combination Frac-
tion to s495 before the close of the
informal session. In some quarters it
was declared that VI raid had been
planned. The property is owned prin-
cipaIly by AL Myers and Murphy and
has been a large producer. The bat
tering began with the opening of the
session and the bear movement forced
the price down by more than fifty
points.
The sales started with 500 shares at
S5.371z. Then there was a sudden fall
from s5.371s to So even. The rebound
came and the price stood temporarily
at $5.25 and 1900 shares were taken at
that .price. But ii was not long till
500 shares went for S5.121z and then
700 at IS share To the surprise Of
the brokers and spectators. $3.50 a
share was next bid and accepted for
1000 shares, buyer so. Following
came the sale of 400 shares at s4.95.
The corners of mouths turned down
and eyebrows were arched upward at
this phenomenon, for which there was
no reasonable explanation
The market, speaking generally. was
decidedly off yesterday. One broker
said that selling orders without limit
as to price had caused a slump. Buying
orders also fell off for some reason.
The market sulked like spoiled child
and the doldrums were reached early
and held their sway for hours.
a good thing" an animated stock
seller said. When the bottom is
reached there will be vigorous reac-
ton and the sooner the bottom is
touched the sooner the rise must be-
gin
Twelve thousand shares of Atlanta
I
then down to 80 cents. Belmont climbed
the golden stairs. starting at s5.37 u
level, and arrived finally at 1852 y
Blue Bull gained some. The price
started at 45 and As cents and went
to SO cents, and then receded TO As
cents. Bennie Claire blithely aimed at
the 43 cents mark and made it. rising
from 40 cents. Columbia Mountain sold
1000 shares at the regular board at
s1.0719. but none was let go at the
informal session.
Daisy Annex made a gain of point
and speedily lost it again. Daisy was
not a seller in the forenoon, but sprung
up from $3.50 to s2.70 in the informal
with sales of $500 shares. Diamondfeld
Triangle brought Sc. 81 and 56 cents
again. The sales, were quite large
amounting to 10000 shares The last
! sale at SO cents was seller 30.-
Goldfeld Consolidated Mines sold as
| low as SS.621z and went as high as SO
/ buyer 80, with variations between
SS.6212 and 1915, the price in the last
I sale in the informal Jim Butler
gained Il points, from S1.171x to s12O
Jumbo Extension was among the slight
winners. going from s2.521. in the
morning TO >S2.571s in the afternoon
The sales of the Extension stock were
not large.
/ Lone Star advanced from 81 cents to
| 36 cents. Manhattan Dexter dropped
! from 81 cents and So cents to 55 cents
Mayfower Consolidated. after selling
at SO cents in the morning, dropped and
/ went at so cents later in the day. The
+ sales of this stock ran close to 80, 00C
shares. Red Top Extension was one
of the luckier stocks. The sales were
! 10000 shares. The price held steady al
/ 42 cents and 43 cents, being strongest
at the close.
Silver Pick sold all day at $40. ST
Ives was at $1.15 and s1.171z.
4 President Hickey of the L. NJ. Sulli-
/ van Trust Company is expected to ar
] rive in this city next week, having
practically recovered from his illness
! When he reaches here a meeting of
/ the company's creditors Will be held
hand an effort made to adjust matters
! finally