The San Francisco call., 1910-02-11
Loans. Exchange and silver
STOCK MARKET

Associated oil was again the active stock on
the stock and bond exchange YESTERDAY ana "a ad-
vanced from S4I 62}9 TO 500 under ong ';s Iva md
not materially changed. Sales OF bonds were were
ST1 600. and the United Railroads As were weaker
Of Of 81 81 Nak'"Sh sugar was eA 'i''a'Di
The feature of the Comstocks the drop.
ping of Best x Becher stock from the llst Oh
hoard quotations until the internal affairs OF the
companv get settled. Otherwise there was
nothing new in this group, ,aso,a co,,so,,doted
continued 10 advance. closing at 500, against
ST2T1s on Wednesday. Belmont and Jumbo hN-
tension were somewhat active at aoout previous
Recent assessments are as follows: Alpha
mining company, &C; Sailor mines 12c. rem
ouent March IA: Reward gold mining company,
Ic DELINQUENT March g; Texas gold mining COM
pany, 2I4c delinquent March q; New Manzahlta
gold mining company, &c, delinquent Mar nsrSh :, -,
All the local exchanges will be closed tomor-
row legal holiday.
The Giant powder company consolidated paid
regular monthly dividend oil 'oc per snaie
The following oil stocks were dividend yes
terday: Royalty, &c; Record '1ac; hice
Regarding the published statements of Doctor
Butterhed, 4. f. Coffin Just elected wee Pres
dent of the Best & Belcher by the stock holders
The assertion that the Best & Belcher min
ing compapv is Indebted to the Comstock Funlp.
ing association in the sum Of some hfty ODD
thousand dollars. and that IT is our intention 20
forthwith assume this obligation is not based on
/ fact The Best & Belcher mining company docs
| not owe dollar and, in fact, there Is some
/ $1,000 in the treasury. -
! The assertion that the predecessors OF Doctor
Rutterield assessed the property for the purpose
Of paving salaries only is also wrong. as Is tne
statement that under Doctor Butterheld the prop
erfy was operated ss legitimate mining propo-
sition I assert that under Doctor Butterneld no
mining was done on the ground and thst the Two
yearly assessments were dissipated In the pay
ment of salaries. This condition we purpose
bringing TO end
''fhe Comstock Pumping association has been
maintained by contributions from the various
mines We do purpose to aid in the drainage
of the lower levels and the uncovering OF the
inundated bodies. From now ON the BEST
& Belcher will be properly mined.
Al the annual meeting of the stock holders OF
the Pacific lighting corpora tioD. on the Sth INST
the old officers were reelected. The directors
are: c. o. G. Miller. president; George II. Col
lins vice president; Charles Holbrook, George
+. voIkmann and f. W. Van Sicklen.
The figures for the business Of 1903 are as
follows: Gross sales 81, 800, 600. an increase OF
S346 600 over the year 1908, or 1876 per cent
After dedueting operating expenses, interest,
taxes and depreciation. there remained net
nroft of S642232 out of which was paid the
regular : per cent dividend the preferred
stock amounting to S20S. 100. and quarterly
was paid in November, amounting TO S36,Vo,
the total dividends being S244, 100.
The company reported no interest bearing
floating debt
Nav 90 1907, succeeding the Pacific lighting
company 1t owns all the stock OF the Los
Angeles gas and electric company and practically
all of that of the Pasadena Consoildated gas
company as we'll as S2200o0 bonds of the
Eureka lighting company and other assets
II is Capitalized at $50 ,o00, 900, one-half Of
which is common stock and the balance pre-