The San Francisco call., 1907-03-07
Stocks Drop in Price
and Dealings Are
in Small Lots

Committees representing the new San
Francisco Mining Exchange and the San
Francisco and Tonopah Mining Ex-
change met yesterday and paved the
way for a vote to be taken next Fri
day on the question whether an ANAL
Eamation shall be effected by these two
bodies. If the idea finds favor with the
Tonopah Exchange the old name of
the San Francisco and Tonopah Ex-
change will be dropped and the mem
bership of the bodies will be embraced
In the San Francisco Mining Exchange.
The proceedings yesterday, as is
usual in such cases. We're conducted with
closed doors. When the conferences for
the day were over one of the brokers
gave out the information that the de-
cision would "be up to the San Fran
cisco and Tonopah Exchange Friday"
The brokers from the San Francisco
Stock and Bond Exchange, who have
formed the San Francisco Mining Ex-
change, have decided that amalgama-
tion would be good thing. Three ex-
changes for the sale of Nevada mining
stocks are unnecessary. according to
the brokers, and they are of the opin-
ion that two are enough. They have
submitted all the arguments to the San
Francisco and Tonopah Board through
the Joint committee that met yesterday.
All that remains is for the San Fran
cisco and. Tonopah body to receive and
act upon the report of the committee.
This is not an entirely similar situa-
tion to that which confronted the San
Francisco Stock and Exchange Board
some time ago when negotiations for
fusion were before that body. All the
officers of the San Francisco Mining Ex-
change were at the conference yester-
day and also most of those of the San
Francisco and Tonopah Board. The
proceedings created lively interest in
the San Francisco Stock and Exchange
Board.
With the exception of the planning
for the amalgamation of the two ex-
changes there was little of interest in
the transactions on Bush street. None
Of the more prominent stocks was sold
largely. Prices continued to fall Gold
field Consolidated Mines. in sales of
$500 shares. fell from $3.50 to ss.S7 u
Jumbo Extension declined from S2.371 n
TO S2.25. Daisy fell between the open
ing and the closing of the board, with
sales from $3.50 to $3.50. Combination
Fraction fell off from s4.75 to $4.52 X
Diamondheld Triangle dropped a point,
from So cents to "a cents. Blue Bell.
Atlanta, Dexter, Silver Pick, Tonopah
Extension-all took the downward path.
The advances were not large. for
ward move was made by Mohawk Con-
solidated Leasing, which started at so
cents and wound up for the day at IS
cents a share, with dealings amounting &
to 5000 shares. Fairview Red Rock
gained 5 points, from SO cents to 5S
cents. Jim Butler rose 215 points and
then dropped back TO 81. Lou Dillon
rose from Is TO 10 cents. Mustang Man
haitian gained a point Red Top sold
at s4.25. Silver Picks decline was from
S1.47M to $1.4o.
More shares of Jim Butler were sold
than of any other stock, the total being
24.oo0 shares. Other leaders in sales
were: Great Bend, 1880 shares; St.
Ives, 10.s0o; Yellow Top, 10000; Rescue
Consolidated. $4,000; Red Top Exten-
sion, 900; Vernal 5000; Silver Pick,
1900; Orc, 5000; Greenwater Clinton.
1880; Lone Star, 1900; Mohawk Con-
solidated Leasing, 5000; Nevada Gold
field, 5000; Manhattan Shonbar, $4,000;
Black Butte Extension, 10000; Blue
Bull. 1920; Combination Fraction, $500;
Diamondfield Triangle, 1880; Atlanta,
1900; Eagles Nest. $500; Orc, 5000.