Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-12-15
STOCK TALK

The present deep depreciation IN the
value of our mines is attributed. generally.
to the fact that monied men who deal or
have dealt in stocks as . sort Of collateral
business are now Withdrawing altogether
from marketing in this class OF property.
They declaim against our entire system OF
mining as a business, as now conducted.
Where they have heretofore put, at least,
all their loose cash, they now take back
every gst.at.able dollar. By their Tetir.
ing from the catalogue Of buyers and be-
coming en- masss, sellers, and sellers at
almost any price, they have brought down
our stocks with q rush and, ~ an Incl
dent in the affair. not altogether uuPlsas.
Gnt-they have ruined q score or more Of
the stock sharks of San Francisco. This
withdrawal Of the heaviest purchasers Of
stocks, from the Boards biddings, being
noticed and acknowledged as the prime
reason for the decline Of our best stocks,
it is easy and certain to see that . right
kind Of " rise" will b the order o If
there were not a pretty extensively circu-
lated understanding of the real reason for
present stock depression, we should wit
ness more than we do DISASTROUS effects on
cooperate branches of business.
There is another reason for mining stock
~declension. that is of universal application.
Gold and silver have not lately deprecia-
ted in value, nor is the coin likely to fall
in the merit Of the worlds scale but the
finding Of so many rich districts during
the past year has, unqueStionably, con-
tribussd to reduce the price Of stocks. We
suspect, If the truth were known, that
there is now more Of investment, from
among our own people. in what q year OF
two ago we called " wildcat" than ever
before. Here, and on Front street, San
Francisco, there is q vast amount Of assess
ment-paying interest in claims beyond the
Bulletins or mining papers, 'Gbs. "WIld-
cat" is a term nearly played out, because
it is hard to play out anybody nowadays
with the article. The facility and accura-
cy with which men Of all trades, (wbo
have interested themselves in mines at all, }
now read the signs in . sample piece OF
rock, is astonishing to the stranger, and in
dictates the growing safety Of popular in
vestments in nslo claims. We have heard
men in Gold Hill say that they had rather
have q foot in Kearsarge than . foot in one
Of our own principal mines; on account
of expected returns-on account Of what
they believe to be the better initiative
management Of the work.
The fall in stock is, in fact, quite as
much caused by Q failing Of confidence in
humanity as in ore. Men say: here were
paid our thousand or so for stock; now
we have waited one, two, three years,
and no dividends. Yet bullion flows from
the mine in large stream. And they have
thrown up their shares, and gone about
new speculations in other character Of
stock, or have taken interests in the fresh
found ore fields Of this years disclosure.
BY means Of tho concert Of action that
will be brought about BY the lately form
ed mining association, in Virginia, no
doubt the workings, within a year. Of all
our mines Will be on a uniform and on the
most advantageous and admirable plan.
The few who hold on to our stocks Is
they are, will reap a rich reward for their
patience in faith.