Weekly Arizona citizen., 1880-10-09

siderabv less than the average net
 production would permit of the lay
 ing up or reserve fund which would
 enable the mine to tide over possible
 accidents, the working out of lean
 streakS. etc. Honestly conducted,
 the mining business offers an oppor-
 tunitv for the con. paratively safe and
 profitable investment of the surplus
 millions of the East. and the con
 veniert division into low priced shares
 allows the small investor equal advan-
 tage5 with the large one: but if known
 sWindlers are quietly permitted 10
 palm off stock in worthless companies
 upon a careless public. and mine
 managers generally gre permitted to
 work the mines to suit their manip-
 ulatiOns in the stock market, invest
 ors will gradually lose all confidence
 in mines and finally class mining
 stocks with the now-you- see-it- and
 now you don't game.
 During the past week the bulk of
 the business in the mining boards has
 been m Annie and Chrysolite, the transactions in these stocks forming more than one-thirQ of the total re- corded sales. Chrysolite was decid- edly the most active stock on the list selling down to s. 7j and up 10 $4.75, closing at $4. O. It's reported that sufficient ore has been raised in the ChrysOlite to pay of all indebtedness, and that the ore production at present amounts te 60 tons per day; but it is impossible to obtain trust worthy in formation concerning the mine, as these reports can be traced to those who are mainly interested iE msnIpu- lsting the stock. Other LeadYille stocks have been dull, and changes have been unimportant, though prices
 as rule closed slightly below those of last Saturday
 The COmstock mines are receiving more attention than they have hitherto obtained, and very fair amount of business has been recorded in them for the week. California, ConsOli-
 dated Virginia, Best & Beleher, Mex ican, Ophir and Sierra Nevada have
 been the fsvoritss among the Nevada stocks, the transactions in these form ing a handsome aggregate. with prices at the close trifle below the opening prices of the week.
 The attention of those interested ln
 mines and mining is being more and more attracted 10 Arizona, the results in some of the mines, suck ss the Tombstone, Contention, Tough Nut, Good Enough, etc, doing much | to create confidence III the permanency and value of Arizona properties. The opening of the Boston Mining Stock Exchange has been postponed until next Monday, the large number of companies applying to be listed compelling the Governing Committee to defer the opening. Many applica- tiOns tor seats have been received from New York. The capitalists and mer- chants of Boston are largely inter ested in mining, and no doubt The success of the Board is certain.
 Mines in Maine and Nova Scotia are attracting much attention, and we'll known authorities aver that rich de- velopments may be expected from these sources.
 IL is certain tLat the mining busi-
 ness may be made an important branch of industry, offering a means of hon. able support to a much larger number
 of men than are now dependent upon
 it; but real developments must be- shown in existing properties and a more careful, business like plan be pursued in working the mines, than
 is now inc case, or the confidence of
 the general public will be destroyed {, new finds of value will be absorbed by wealthy capitalists like Hsggin and Tevis, and the Bonanza men, etc. Y, and the stock sharps will be Jeff tO prey upon each other.