Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-08-09
A
How ssthe Booming Marker Affects
the Vlrginians.

The sudden rise in the stock market has
turned the heads Of about four-ffths Of the
people on the Gomstock. The situation in
Virginia City is thus dished up by the
Chronicle Of the 7th:
There was an intense excitement on the
streets this morning about the time the re-
port of the transactions Of the stock
boards began to arrive, and large crowds
collected at the brokers' Offices, both in
side and out, awaiting the news. The re-
port that the Sierra Nevada incline had
struck 5000 ore was generally believed, and
the more enthusiastic stockholders pre-
dicted that it would go up to 500 a share
and even higher.
Others declared that another bonanza
had been struck at the north end, and that
all stocks in that neighborhood would go
up while those interested in the south
end were loud in their assertions that the
next great development would be made in
that direction. Any excitement in stocks
always brings to the surface a lot of men,
as wise as owls, who knew how it was GO
ing to be all the time.
1t IL certain, however, that interesting
developments may be looked for before
long in many of the mines on the Com
1tOCh WUAC v q iObH tilHG DCtH
doing dead work, and have now reached a
new base Of operations. The Belcher and
Crown Point are about to cross
cutting, and the Yellow Jacket, Imperial
int Alpha, with other mines in that vicin-
ity, are in q condition of thorough explor-
alton. The Savage and Hale and Norcross
are being prospected at a depth Of 2,100
feet, the Julia at 1000 feet and the Gould
and Curry and Best and Belcher at the
depth Of l $50 feet. The Caledonia, Lady
Washington, Overman, Justice and Alta
are also in good condition for prospecting,
and it Is but reasonable to expect that in
some Of these mines important develop
ments will be made. The wise ones are
just now looking in the direction Of Julia,
which they say is about to follow the lead
Of Sierra Nevada and jump beyond all ex-
pectation. Many orders were sent in for
the stock from this city to-day and the ex-
element about it is decidedly on the in
crease.
BUSINESS OF THE BROKERS.
The volume Of business lone to-day by
the brokers has been the greatest for
months, and all hands were employed re-
the lode were freely dealt in, as the rise at
the north end strengthened all of them,
and the fact that the orc found in the
Sierra Nevada 10 at an equal depth with
the 2 1000 levels OF several other mines, in
creases confidence that bonanzas may still
be discovered far down in the ground.
Among the purchasers Of stock to-day
were a great many ladies, who at a time Of
excitement hazard their money in specula-
ton with as much courage as men, not I'M
f~aa,A.ty,r .r.tt. x-xak ....an nla 1aat -
for information was very great this morn
ing, and thousands OF questions were asked
by investors about the prospects Of differ
ent mines. But little information could
be gained from the inside, and the flying
reports about the streets only depended
upon each persons opinion.
A SURFACE VIEW OF THINGS.
As soon as the rise began there was a
rush of to the banks, and both small and
large depositors drew out their money to
invest. The fever is spreading rapidly,
and the excitement grows hourly.
''It's coming, you bet!'
whats coming2'
"a regular old-time market"
"Ohi OF course, / see one Of those regu-
lar jumping markets We used to have years
ago."
Oucu may DC ntAru On tue stIttt AT any
hour Of the day.
Every man has bis pet theory to adj
vance. The following are fair samples OF
some OF them:
1.-THE Bank Of California is at the helm
of the deal"
'.Bill Sharon is in and sending them
mp"
1.-The bonanza firm have got through
squeezing the shorts, and now they are
lifting the whole north end"
Jones is the real cause OF it all. Don't
YOU forget it. Nobody can be United
States Senator from this section that won't
give the boys a lift"
1t seems as II almost everybody had a
little OF the favorite. As one passes along
the street he catches such expressions as:
"I'm eleven hundred dollars ahead since
morning" ''Bill has made seven thou
AND dollars since yesterday, and he's
holding on. I'm holding every share I've
got, and I'll be $40, 900 ahead before / let
her slide" s'Sicrra Nevada is good for a
hundred before thirty days" 1--WE
soaked everything l had, and I've more
than doubled