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Show TELEGRAPHIC CALl FOKX 1 'S COSSTITr-XIOX. COSSTITr-XIOX. And Us Efreci on Milling Stock a. New York, 10. The TToiW, 10 day, sas there wag some wicked exultation exulta-tion at the Mining Exchange yesterday yester-day over the adoption of the new California Constitution One t-u- thusiast paid $300 for a Stat in ihe board and $250 wee freely Lid for any offered in the market. A lew weeks ago these seals were a drag and in last January sold aa low as ?o0. The highest price paid in April lcr them was ?120. An evening paper aayg there have been larger traniactiona here in California Cali-fornia stocks, chiefly Consolidated Viiginia and California, than was ever known before. These tockB bave been in steady demand, with ad vancing prices upca the precumplion of a continuance of dividend-, and when it was announced on the 7ib that both had declared dividends of 50c. per share, thedemand increased. Thia was heightened by the belief that the conatitulion to be voted oponon the 7th would be defeated. The price ol Consolidated Virginia roae from 7 j at the opening to 8 before the cloae of the day, the saleB being about 4,000 fhares. Calilornia sympathized wilh Virginia, rising from 7i to S$. Early on the 8th, the morning papers having hav-ing published San Francisco tele-gramB tele-gramB stating the defeat ol the constitution, con-stitution, the scramble for stock in both these companies was very great, with active dealings. The price for Virginia quickly rose from S at the opening to 9, California opened at and Eold up to 9. The price oi both slocks continued very firm until just before the third call, when the news quickly spread that the constitution consti-tution had been carried. This being a most unexpected announcement an-nouncement to brokers, there was a great disposition lo sell but it was too late. The price declined de-clined lo 7. To day. oales have bten large at Si to Si lor Virginia. California Cali-fornia sold at . The Mining Exchange Ex-change never before witnessed such a volume ol business; in fact, the dealing deal-ing in these two Blocks must have been upwards of 10,000 shares. |