Weekly Arizona citizen., 1880-07-31
Our Weekly New York
 Dispatch.
LeadvIlle Stocks Will Cease to Lead Tombstone, Silver Clin and Home- staKe to the eFront-LOokins Towards San Juan, Arizona, and Sonora Confidence Shaken But Not Lost

6a' 1S@AtAA- stfJ4 "Aas h@Nh h4@- activity these was a downward ten dency in prices. The market has sym pathized ~ith the depression which has prevailed with some Of the Lead vile stocks, notably Chry>o.ite. For Ill nths Liltle Pitsburg has been ihe scap"gOat and L. it's fall iiom hi gh pinacle has been altril u'ed the de- cline in the remainder of the lust Now itseems that Chrys"liie is tuguidr the whn!e market This stock, WIth the Liitle Chief, the one paying S200.- OJO per month, and the other $l0O,000 per month dividend, for tune were the bell we,hers. But Chrysolite stopped paying $eo0O0O monthly drvi- deuds, nnd has declined L, 5 Ii. Little Chief, in sympathy with irs ncishhOr, although still paying Sl0O, ,o00 monthly is quoted at 115. The balls" who wat ChrySolile to go up, say that the de, line Is owing 10 the manipulation of the stock. The bear" who want It to gu down, say that the difficulty is with the mine i,sclf, and that in- stead oi having $7O)O,OOJ or $S,OO0 Q O00 in ore expo,cd, lh. mine is ex haus,cd, just as was the Little Pitts Lurg. Which hypothesis is correct cannot be stated de1nilely. Perhaps both exhaustion and manipulation have had something to do with the price IT the mine Is exhausted. the stock will go lower, and the whole market will follow suit.
 IL is unfortunate that any one stock should he the guagc of the value of ail the others. but it k >o in mining slares AS in railway shares. A break in one almost invariably carries the others. The facts regarding Chryso- lite will soon be known. and f it is 70 cease pay ing dividends, he marke' may still go lower There could be no he'ter time for such n fias co, and happening now, win glve an opportunity for action and for the bet Ter prices which arc expected in Sep tember or October. Sooner or later Leadville stocks will cease 10 lead the New York market. When that tune arrives. the S anddrd. Homestake, On tario, Silver Cliff. Tombstone, Horn Silver. Eureka Con. and mines of Uni class. including the C"m>tocks, will take their proper place. San Fran cisco still makes The price for nearly all the California and Nevata St0cI-, and will not 70 'n lose it's Intiurnce. New York hrokrrs may fia:ter them selves that they make the market, but Ii is not So. Sdn Francisco holds the secrets of her mines and Prates ac- cordingly, and New York mustf"r the present remain d ten fer in operating in these shares.
 But it must not be supposed because company is incorporated in Ca!ifor- nia and it's sock listed oa the san Franci co exchanges that it i- all held on the Pac,fic coast. When a divi- dcnd i, declared, or an a>scssmt nt levied, the thronrs at the transfer or fres in this cit, show that while San Francisco may control the manage ncnr. New York is largely interested m almost every company, whether great or small. This interest is al- ready making itself felt and will ulti. mately nave q regenera'ing influence. Dividends always sntisfy; assessments never. Unle.s the San Francisco con- panics will generally establish trans fer ofiires in this ciIy, as they have ! Vel q. ne ualy in few instances, not many more assessments will he paid l without combination among share. | holders here in these corporations who will appoint salEried men to reside permanently in those districts from ] whence assessments SD persistently come Tn ether words, they propose 10 know. if they can. something thal is going on. If this encouragement ! i, not shown them, they will let San ! Francisco have their stock at the bet prizes they can get and devote tho D oceeds to other districts where as sessmrnis are less frequent or where there are none at all.
 They will be influenced in no smnl degree hy ihr fact that under the lawt of New York and other Eastern State shares in incorporated con panic ar' ! forever uhaSSe,sahie. Assessment may have their benefits. but peopl' east Of the Mississippi River preir the ron-assessahla Tlan. That is where a company k flmcI. 10 leav' in lhe treasury sufficient number O shares to be sold for the devclopmen of the mine. Ii this fund fails 10 pu the property on a paying basis. rharr holder prefer either 10 abandon th
 property entirely or 10 mortgage Il The stock If nine-Jenihs "f the conl pauies represent, d here IS unas>esss ble. and for that reason more than an, other capitalists have been willing | invest. They might lo.e all that the
 paid for their shares, but they coui' mt be led by delusive representation irro p4ying constant assess sment'
 Heneefonh i. Is 10 be contest h' tween the newer districts ahd comps nies con:rnlied 70 largely in ihe E'- anh incorporated here and the "lde