Weekly Arizona citizen., 1880-09-18
Our Weekly Mining Dispatch.
t,.nrcsslne, Effect of the Hea: on the NIarkets-EnterprisiD know-Noth- inrs on Washed" sales-Defe'i' of inc Attempt to Break Silver Mug get-Esc.

MnrketS-EnterprlSi hhbW-tNoAh- ine-s on Washed" SaleS-Defeat of inc Attempt to Break Silver Mug ge.-E;c.
 Weekly Report of Mining Press Associailon.l
 NEW YORK, September 13.-The continued hea, of summer exerts de pressing influence upon all lines of bu,iness. and in no branch does the enerya;ing effect appear more marked than uuon the various stock exchanges. The exerticn necessary for a broker 10 r.t through his orders is sufficiently tiresome under the best cOnditio1s of weather. but when one has 10 struggle against the heat and the customary excitement the strain is something terrific.
 Notwithstanding the absence of many operators from thesce of busi- ness the market has been fairly active. The sales for lhe week ending on the 1fth instant aggregated at both mining boards 52S.GSO shares, distributed among forty four different mines listed. Prices as rule were almost un- changed from the preceding week, and the fluctuations did not exceed two dollars m any stock dealt in. Several attempts were made during the week 10 create a panic in ChrYso- lite and Silver Nugget, but the bears proved 10 strong for the bulls and Saturdays call left the bones of con tentiOn firm and strong. The state mrnt madr by reckless or brited writer in a morning paper that the majority of sales made nj the Ameri- can Mining Exchange B"ard were washed" created much natural ill., feeling among the brokers, and illus tratcd how consummate an ass man may make of himself when he dabblcs in subjects above his comprehension.
 As the sales al this board are all recorded, with the names of the buyer and the seller, as also the price, and the record makes the transaction blnd- ing, it seems strange indeed thatssales are washed" The enterprising in dividual who made the faux pas will be the greatest sufferer and has gained the meriied cunte .pt of an assOcia- ton of gentlemen engaged in the stock business. It is noticeable fact that the sales of mining shares in- crease in number each week and the business is gradually assuming an im- pOriance which guarantees a healthy and active future. The rivalry which has existed between the New York and American BO ards, is of good naturcd character, and like all com petition, is productive of good results in making more business for the in- teresed. Chairman George ". Smiley, of the American Board, has been quite ill during the latter part of the ! past week. and in his absence the du- ! tIes drvolving upon him have been { performed by Secretary F D. Barnes. ' The grand attempt by the bear faction ! was the raid on Silver Nugget in sales | of l300 shares sold and bought at ] prices ranging from GO cents to S1 per ! share. The towering form of the ! CrsA Major of brokers, Mark Me ! Donald, could be seen in the crowd ! around the chairman's desk, and 1 when venturcsomc broker opened l his mouth to sell he was snapped up instanter.
 By purchases of all stock offered |, Silver Nugget left the field the win ner, and confidence seemed restored in ! that security.
 As it has been rumnred that brokers !. were doing washed bu.incss, in ! quirics have been made amonr some of the most prominent and ihc feet elicited that from S50 to SljO is the /. average daily commission. This 1. would seem 10 be q god business enough and suits such men as X. ". i Whitney, E, D. Barnes, McChntock 1 and many others of the American 1 Board. If all brokers are not fortu- 1 nate enough to secure plenty of orders, | Il Is certainly not the fault of the | board or inning business generally.
 NeH-intormed mining men agree in 1 the opinion that with the advent of the ! cool season, renewed life will be i'm ! parted to many districts and active | dealing in stocks be the result All | that seems 10 be needed to warrant A Yeritable mining boom is a strike " somewhere of sufficient importance ,o | attract the attention of capital. Indi. | cations point to the Comstock as the | most likely point for discovery to he made, and it would not be surprising to hear that Union Consolidated had i struck rich ore in the cross-cut now being run.
 A New Contemporary.