Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1875-08-29
STOCKS.

Yesterday viii deserve 10 take
rank as Black Wednesday for 1875,
40 far. unless more should remain
behind, of the same or worse kind.
The market, which had been weak
ening a few days before, yesterday
gave way completely, and like q
vent reservoir that has broken
away its embankment, swept down
in q resistless torrent, carrying
everything before it. 1t seemed
like repetition Of the old deluge
'of "the devil take the hindmost, :"
30 anxious seemed everyone to get
from under. 1t is not the first
break by hundreds lit would be
safe to say, but it is almost un-
precedented in the suddenness of
its appearance, and the rapidity of
its devastations, and few OF the
wise men, who know it all, had the
slightest idea of its proximity,
though some of them are begin
ming now to remember that they
expected it, but not quite so soon.
At such time there are always
long and very wise homilies to be
found in all the papers; they of
course knew all about it, and after
it has happened they will write
column after column to show how
very profound they are, and pile
up reasons Olympus high, showing
how it could not have happened
otherwise. In view OF the great
variety of reasons pro and con
offered by the daily press, it is
hardly worth while to attempt any
thing in that line, as the ground is
so thoroughly covered in all direc-
tons, that any explanation would
be destitute OF all originality, and
therefore the best suggestions We
can make would be for our readers
to select for themselves out of the
variety offered. As samples we
refer them to the following: LIST,
A struggle for control of Ophir,
which in some incomprehensible
manner has broken the market.
ID, Messrs. Flood Il O'Brien lock-
ing up several millions for their
new bank capital. Sd, The Cal
ifornia Bank selling their stocks to
get money with which to fill up
the vacancy caused by the with
drawal of coin by Flood & O'Brien.
4th, A desire by the inside to clean
up all margin stock, and get the
prices down to where they can load
up again comfortably, etc. 9th, A
great stringency in the money
market and the consequent difficult
ty in getting accommodations,
from either bankers or brokers,
and the refusal of the latter to
carry stocks on margins. The
above are a few samples of the
reasons why. There are plenty
others, but enough is as good as
Q FEAST" you "pays your money
and takes your CHOICE but it is
very poor consolation to the unfor-
tunate, who felt happy and con-
tented in his prospective gains a
week ago, and now see them all
swept away, to be told how it was
done. The fact of the matter is
that it's all nonsense to be securing
the country for reasons why such
things are done. One thing we
know, that they do keep occurring
with the regularity of ,clockwork,
but at very uncertain seasons, and
all the experience of ten years on
California street is of no more
value as showing a man when such
catastrophes occur, than If he only
arrived on the emigrant train yes
terday. If he looks for Spring
rise, they will be sure to bring it
on in Winter; if for Fall the mid
die of Summer will be the time.
Whatever the cause may be, we
feel assured that it is entirely Cal
ifornia street in its origin; that the
mines themselves are looking as
we'll and some OF them much better
than they did month ago; that as
far as they are concerned the pres
ent break is completely unneces-
sary, and that o reaction will short
~ set in we have not particle Of
Doubt San Francisco Stock Re-
port, Goth,