Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-11-18
BULLS AND BEARS.



The Stock Report, after calmly re-
viewing the situation, comes to the
conclusion that we are on the eve of
grand upheaval of stocks all along the
line. 1t says:
IL looks very much as though at last
decided change is probable in the
aspect OF the never-ending battle OF the
bulls and bears. For more than a
year the latter have unmist akably had
the upper hand, and they have not
hesltated to use their advantage to the
fullest extent, and, in some cases, most
unscrupulously. They have undoubt-
eoly oeen the winners in nearly every
contest, often gaining their victories
without an opposing struggle. They
nave Deen backed by public opinion,
ana, although their cause can not be
SAID 10 nave been the popular one, it
was only the legitimate outcome of the
utter apathy and distrust with which
tnat portion OF the people who do not
zeal In mining shares have looked up
on the market, and the total demorali-
ZaHon and hopeleSsness with which
unfortunate stockholders have been
crushed. The natural downward tend
ency OF the market was assisted by
the gloomy condition of business in
general throughout the whole country
and the world. as well as in this city
and coast. With the exception of a
lew spa>modic spurts, which to some
seemed like the last desperate tiickers
inh oc, A.
throughout all this dark period
have sagged inevitably and ap
parently irretrievaoly, downward.
II was only natural that
few bold spirits should seize the
opportunity to again and again precip-
itate the dependency into panic, cap
turing small profits at the expense OF
ruin to thousands. Finally the market
Was driven to point at which it
paused, simply because it could 60 no
lower Since last May there have been
several desultory struggles upward to
ward former standard prices, in each
case repressed, probably not alone by
the short inter. st, but also by the eX-
ertions of the powers usually cla>sed
on the other side, but which were anx-
ious to secure at the lowest pos .ible
prices the stock wherewith to make
deal. 1t may oe that the great con
trolling influences are at last to be set
in motion to create a general rise. Ii
may be that a sufficient number of
shares has been gathered in to make
great upward movement possible. But
of one thing we, in common with all
who watch the market, are certain
and that is the fact that the turn of the
tide has at last set in in earnest. The
indications of tie last fortnight are
simply unmistakable. 1t has been
shown that development, or the pros
pect of one, could cause the same en-
thusiasm as of old, and that quota
tons would sympathize with the pop
ular feeling as readily as ever. Per,
haps, even now, a general advance is
not desired by the insiders, and the
Improvement may simply mean that
the public has run away with the
market. But however that may be.
there is no mistaking the signs of the
times. The number of operators in
the bear ranks has been perceptbly
thinned out; the press which has so
long berated and opposed the mining
interest has at last come to a more
reasonable frame of mind; and the
wars of stock dealers are enthusiastic.
Where was only despair few weeks
ago, hope reigns supreme, supported
by solid con sideratons. 1t is high
time that somebody beside the bears
should profit. They have had their
iay-a long one. They have had al
most uniform and unbroken successes,
and only few crippled ones remain
10 mark the brief and unmportant up.
heavals which have previously oc-
Cured. Now let the bulls below tri-
for while.