Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-02-27
WHAT HAS BECOME OF STOCKS i.

Rhyi0OuJ " uIMs
WHAT HAS BECOME OF STOCKS:
The above is always q pertinent
question, but of late we shave heard the
interrogatory less frequently put than
ever before, and If perchance it does
form q street query it meets with the
unvarying reply, "Gone to the devil!"
Indeed, it has come 10 pass that this
once great and all-absorbing topic
Is a very corpse Of conversation, and
if ever r~esurrectedN vt all merely meets
with . groan of dissatisfaction at its
unwelcome disinternlent, and with
good cause. The burrows of oft-disap-
pointed hopes have plowed a jagged
field Ia this class of hazardous specu-
lation, and have, apparently, at last
caused all interest of the common peO-
pie in the matter to be suspended.
Those who have for months, piled on
top of months, been anxiously waiting
for a market on which to speculate
have ceased to look for one in the near
future, and are closely scanning the
financial field for more active results
In cash investments, or have fOresworn
any more stock gambling ventures al
together. The question of what has
brought about and now keeps up this
stock market stagnstion is one not
easily solved on a common-sense the
DRY, and if asked to g rise and explain"
We could only offer an excuse on the
ground of ignorance of the facts. Some
say that money is scarce in San Fran
cisco; but this is not so, for the very best
authorities tell us that the vaults Of the
Bay city to day contain millions more
Of hard coin than they have before for
two years, and that twenty millions OF
dollars we're recently transferred to
Wall street to be operated in railroad
and Western Union shares, being una
BILE to find investment on this coast.
Another theory Is that the unsettled
state Of political presidential affairs
held back the bulk of money from
operation. II this should have been
the real cause, we could be able to pre-.
dict . market within the next twenty
days, for so far as the presidential con-
test is concerned the matter is un.
doubleday settled for the next four
yelrs by the inevitable choice of Hayes
for the questionable honor of inaugu.
ration, and there is not the shade of a
shadow of fear for disaster either to the
financial or social status of the coun-
try resulting from the decision of the
compromise Commission. Again, these
people who can always tell you jus,
what is the matter with the stock mar.
ket, when it is going up or going down,
and the exact time at which it will do
n or the other-the bears of the
market-give this time as their theory OF
the long -stagnated market, that the
Comstock mines are worked out; that
therewill be no more dividends from tbs
California or the Con. Virginia, and,
in fact, that the entire bowels of the
big lead have been hoisted to the sur
face. This story catches the gudgeons
and enables tho whales to swallow the
shrimps of the market, but is not for
. moment believed by the we'll
informed 10 Nevada or on California
street. The truth is, that the mines
never looked better, and that the pro-
duction of bullion from them goes
steadily on all through the period Of
q fat market, and can furnish no
ground upon which to base this ar.
gument. But while disbelieving all
the foregoing theories, we are still un-
able to offer one which We are satisfied
10 correct, and therefore do not make
the attempt. Let all still patiently
walt, for it is about the only thing any
I'M ~ do wisely in the matter, rest
ing assured that the Pacific Coast has
. full purse TO operate IN whenever
the auspicious time arrives, and that
tina mines are not by any means
played out.