Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-06-03
The Bodls Stock and Mine.

.Saa Ftanei.eo Baiietin, Nay 81.
Bodie il one OF those stocks tha,
comes to the front with . jump. The
mine was only incorporated In August,
1877. The shares attracted but little at.
tsntion for the frst nine months. Al
late % the close Of May. 1878, they sold
for 81 per share. though they had pre-.
viously during the sams month sold q
high as 81. In the following month
(Juns) the highest rate was IS. and the
lowest 81 20. During the grestsr part
OF the n, It two months. there was oon'
siderable excitement in the stock. the
range for July being IS co. $l7 30 and
for August SIC so to $50. The mine
was then divided. and one.half given "a
q new incorporation called the Mono
Mining Company. having tho same CAPT
tai and the same number Of shares a
the Bodie. This was equal TO Q stock
dividend OF 100 per cont. The new
Mono stock came upon the market Sep
TENDER 6, 1878. ct "a so per share. and
in about GO days thereafter It rose to
So so. This division Of the mine. In
connection with fears that the ore body
being worked was only . pocket that
would soon give out. caused o collapse
in the value Of the stock, and the price
fell to SIT in September. which wa
about the minimum rate for October and
November following. In Decsmbsr,
1878, the stock fell below 81. The
range for the first three months OF the
current year was $69$9 In April II
rose to $40. the range for that month
being $7@sl0. During the frat half oil
May it stood at $9@$ll. Starting a
S12 on May 18th. the price rose rapidly
until il reached S44 on May 28th. On
the 29th it fell back TO $50. but on the
3Oth il rose TO $38. This morning on
the informal call 1t sold up to $Al. The
sales and rs-sales Of this stock in the
San Francisco Board in 1878 amounted
to l26, 400 shares. As there are only
so, 900 shares OF capital. some OF the
shares must have changed hands many
times.
Tho mine commenced paying divi.
dsnds in August, 1878. at the rate Of 81
per share. The ore. however. was &C
rich, and money accumulated 70 rapidly
that before the frst dividend had hardly
got into the pockets Of stockholders IN
extra dividend OF 81 per share was
declared; and a. il this were not enough,
another extra dividend Of IS per share
was paid by the end Of the first month.
Before September dividend day came
round, the managers discovered that
they had made Q mistake in dividing up
their profits so rapidly In August. and
the best they could do in September was
to give one dividend Of 81 per share.
In October the amount 10 reduced to
81 Der share, and in November to 81
Der share. Similar dividends 70 the
last were paid in December and Janu'
ary. Then came . suspension, and not
Q dollar has since been given 10 stock.
holders. In all. the Bodis mine has
paid eight dividends amounting to $780,
900.
There have besn two assessments on
the stock. The frst was levied in Feb.
ruary, 1878, at the rate Of 90 cents PEI
share. amounting to $4,000. The SEQ.
ond Was levied April %. 1879. at the
rate Of 81 per share. ag~gregating $780,
900. This assessment became delin.
qusnt at the Office yesterday. and the
delinquent assessment sale will take
place June 18th. Assuming that the
amount will DO paid, We have . total Of
$40, 900 assessment money collected
from the stockholders against $500. O0C
in dividends, showing Q net cash proh'
Of $725, 900 on . mine whose corporate
existence is less than two years old. 30.
side Q stock dividend equal to the whole
number OF shares. The first ore body
in Bodis wal pretty thoroughly exhaust.
cd. a. ws are informed By parties Who
have been through the old workings.
II il now claimed that . new and richer
ore body has been discovered at . lover
depth. This development 10 said TO shov
horn silver a. veil a. FREQ gold. and In
that respect il unlike the former dis
covsry. The recent advance in the
stock Ia prsdicatsd on the alleged and.
1t marks the second era In the history OF
this wonderful mine.