Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-07-31

Der of dealers who handle California wines
is of course very large. California cham
payne leads the sparkling wines of native
manufacture, and Is gaining in favor.
am told there are only four American
brands in the market-two manufactured
in this State and one in st. Louis. AT the
last fair of the American Institute the
California product took the prize. The
still wines of your State known to the
trade here find favor in the following or
der: Red wine, hook, angelica largely
used now by whisky distillers to give
smoothness and the semblance of age to
Bourbon), port and sherry.
PACIFIC NAILS FLIGHT.
Pacific Mail stock took tremendous up
ward bound last week, going shout rs
miles up the Hudson river to the little
village of Nyack, where, in frame build
ing not much larger than the first Office of
your pioneer newspaper, the Placer Times.
(long since deceased), it hangs out its sign,
cheap tin one, advertising this as the
Office of the company. Such a movement
in its stock was never known before, and
it promises to be 4 pioneer movement for
good many of our rich insurance, bank and
trust companies, which, it is said, will fol-
low them. How is this for GUNNER exo-
dus? Readers al distance will begin to
believe us when we talk about its being
pretty hot here. The Pacific Mail people
say it was hot for them TO the tune OF
about thirty FIVE hundred thousand dollars
as the assessed value of their taxable
property here, and by the change they
have reduced the temperature to valua-
ton of only one million as the amount on
which they will have to pay taxes. The
public who pay their taxes honestly was
beginning to get up feeling OF vlrtuons
Indignation at the evasion by Pacific Mail,
when it was whispered around that Tax
Commissioner Andrews had said the COM
pany did only what it had perfect right
to do, and this has set people thinking how
they can avoid having their properties
rated for taxation here by opening business
offices in the country. Look out for
lively movement out of town by our bust
ness firms and corporations before the sum-
mer is over.
MINING STOCKS.
Among the deadest of dead works just
at present are our mining stock exchanges.
A door-nail is nothing to them for dead
ness Most of the brokers are off on their
vacation, with no need to hurry back
Latham has gone to Europe and Geo. Rob
erts to Colorado The latter is expected back
in September, with his 'pocket full of
rocks" literally speaking, and his friends
promise that an immense impetus Will then
be given to certain Colorado stocks. There
are some curious stories afoat in regard to
the manipulation of some of the mining
securities of that State in this market
not very creditable to the parties
engaged in the business. For instance
One of the most promising " properties"
ON the market last spring was Chrysohte.
A very conservative Californian mining
expert standing very nigh as an authority
in mining matters here, was very active IN
placing this stock. 1t was said to be pay
ing monthly dividends, and was quoted at
10 and 20 last month. Through the
representations of the mining expert
aforesaid, good many gentlemen
who never dabble in speculative
securities were confdentially induced to
buy. The stock has been declining steadily
for two or three days past. 1t has gone
down day by day until this afternoon it
touched II. The. mining expert has gone
to Europe If am not much mistaken,
the example of the Chrysolite failure will
make it pretty difficult to sell mining
stocks in this market on the confidence
plan and under guarantees of conservatism
and responsibility hereafter. During the
past three weeks Hukill, another famous
Colorado stock, has declined from l65 to
to I2O; Little Chief has gone down from
l0a to !, and Little Pittsburg from 81 to 81.
Suffers CLAIM.
Measures are being taken by the friends
of the late General Suffer in the i Vast to
press his claim upon the Government at
the opening of Congress. His family are
in great need, l understand, and no time
should be lost. 1t is to be hoped and ex-
pected that California will take an active
part in the movement. l learn that Mrs.
Fremont is deeply interested, and will per
sonally endeavor to interest others IN be-
half of the aged widow. General Fremont
is still in this city and has his office on
Broadway. Some action has been initiated
by the California Pioneers in this city
looking to the erection of an appropriate
stone on the site of Suffers Fort to testify
to the deeds of Suffer. But l fear, unless
some of your citizens take the matter in
hand, nothing will come of it, as the New
York Society is too small to accomplish
the undertaking. Z.