The weekly Arizona miner., 1872-05-25
The Stock Panic in San Fran
 cisco.

From our San Francisco exchanges we clip some of the most interesting items relating to the terrible excitement consequent upon the sudden ard rapid fall in the prices of mining stocks, on May :, s, and 9. For weeks the leading papers have been warning operators that crash must take place and urging caution, but when the tide turned 1t found many unable to stem it, and fortunes were swept away in an hour. Papers of May 9th, say:
 "The excitement in the stock market yes terday was intense. Parties who had pre- dicted on the previous day that stocks would advance were badly taken in and paid dearly for their rashness. For several weeks preyi- ous to the present, man could not be found who had lost in stocks, but yesterday the scene suddenly changed. Pallid faces, quiv- ering lips and muttered curses told tue tale more plainly than words could have done. During the entire day the street was crowd ed, and the brokers clerks were at their wits ends giving statements of losses to their GUS toners.
 This morning there are hundreds of men in San Francisco who are completely ruined by the turn which stocks have taken. We know of man who was building house at the Mission, and to complete it he borrowed $2,000 from Savings Bank. The money found its way into stocks before the day was over, and also larger amount which he had secured on a mortgage. On Saturday he could have sold out with S7 900 in his pocket clear of the sums invested. He wanted a few dollars more-he held on-and to day the un- finished house is his no longer.
 I've have heard of a well-tO-do merchant who lost everything he had in the world in | Yellow Jacket, and of a wcll-known local officer who now knows what it is to lose. He has been heard to say quite often that he had never lost cent in stocks We know of a certain reporter who made some Sl0,OO0 in Caledonia and put it into Jcllow Jacket and Ophir He now mourns the loss of his de- parted ducats. He is hopeful, however, and thinks that few lingering shares of ''wild- cat' may yet make him ich Everybydy has lost. We rode home to dinner last evening on car, the conductor of which ran into the brokers office for minute to see how much he had lost, and returned with a very long face.
 1t is reported that Hayward paid out yes terday over a quarter of a million dollars to help small time stock buyers to carry their stocks and prevent their contracts being thrown on their hands. It is said that he has withdrawn his account wholly from the Bank of California"
 The panic is partly attributed to charges brought forward by Wm. Sharon, of Virginia City, heavy mining operator, that J. P. Jones, of the same place, a large owner of mining interests, was concerned in the burn ing of the Yellow Jacket mine, three years ago, by which fire 3S miners lost their lives. Whether true or false, the circulation of the reports caused loss of confidence among the mining spectators and the anxiety of some to realize by sales caused downward ten dency in prices, which soon became d tumble and panic ensued, and 1t seems likely that the 1 fall in stocks will continue until nearly the true value of mines will be again represented 1 by the price of shares.
 "The Crown Point mine declared a divi- dend of S4S0,OO0 for the month of April $4U per share-and its net earnings were $G0OO00 The Belcher declared dividend of S312,000 for the same month. It is esti- mated that these two mines will add to the wealth of their owners and put in circulation SlS,OO0,OO0 for the year. Rumor assigns to Alvinza Hayward the possession and owner ship of 5000 shares of Crown Point, and to J. P. Jones, 5000 shares.
 GA dividend of seven dollars per share has been declared upon the capital stock of the Raymond < Ely Mining Company, payable on the 10th.
 "The Grown Point dividend is payable on Saturday, and the Belcher dividend on Fri day. During the next two days $l, ,O5O,0 ,000 will be disbursed i'll dividends This may l nnd nrnhahlr will check the nanic