Weekly Arizona citizen., 1880-11-20

s,...si correspondsncs Of TIE CrrIzHN-
 NEw YORK, November e.-But
 very small amount of business ha
 been done st the exchanges this weei
 making due allowance for Tuesday
 holiday breaking in upon the wee%i
 buzin.ss. The market has been eX'
 eeedipgiy dull, aud changes in prlc'
 have been immaterial and irregular
 .ome of the stocks being a trife higher
 otbers s trife lower, than at the clos'
 of last week. The total number O
 shares sold was 57f, 652. Although
 there has been comparatively little
 doing except in q few of the fanciesr
 there is reason to believe that there
 was less of manipulation and more o
 legitimate trading in stocks during the present week than for some
 months. The excitement attending inc election has now subsided, and men are again ready 10 come down to practical business propositions. There can be no question that certain of the stocks on the lists are now selling aI less than their actual value, aud as the causes of lhis dcpreciation-which have been mentioned from time to time in these let'ers-have to large exeut rxptnded their force, and have no longer the inducemeut for existing that obtained heretofore when higher prices ruled and speculation and ig- norance were more general, it is quite probable that more healthy fleeing will hereafter prevail, and that better prices will be secured. There is cer- tainly nothing discouraging in the general outlook of the mining indus try; large lisf of properties could be named that are pay ing handsomely, and leaving aside the ComstOck and a few scattering mines here and there, favorable reports and the more satis- factory showing f large bullion re- ceipls will no donbt induce an active speculation during the winter months.
 IL must be noted, however, that the popular tendency is not toward mines whuse stocks are dealt in at the ex- changes; the disastrous result tO the outside public of last years specula- ton in mining shares in New York has created distru-t in all mines that are listed, while the profits of mines honestly run m the interest of all the owners has developed an ex- traordlnary interest throughout ibe East in this specie, of properly. While therefore, it may be sobeily admitted that speculation Al the boards will be more active hencefurth than it has been recently, it will without doubt be found that but small portion Of the act url business done in this spe- cies of property will be at the ex- changes. Ii is generally believed that there will rather be mart~ for the dis possl of doubtful properties and those that are apparently approaching ey- haus' ion, Ihan places where the best investments of this class can be Ob- tained.
 While Chrys"lite stll remains the most talked about stock on the list, the dealings in it during the present week have been unimportant and tame. $ S,les of 13, 735 shares are re- corded al both boards. at from $64 to $65s, closing at S65s. At tre meeting of the stockholders on the Sd instant for lh@ e.ection of officers the old board Of trustees were continued in office. The report of the trustees seeks 10 make a favorable showing for the mine, and closes with the promise that exploration shall be kept sufficiently in advance of eXtrac- tion 10 prevent surprises, that a sufi- cieut surplus will be kept on hand for working capital and for necessary dead work and improvements, and that the business shall be run AS business, without reference tp tbe in- teresis of speculation in the stock. The report shows that the amount of ore mined for the Chrysoile from October 10, 1879 to October 6, 1880, was B, 993 tons, netting al the smelt- CTS 8, 2o2, 371, or an average of $64, 79 per ton. The expenses incur red in mining this ore and transport ing it to the smeller were S7lS, 696.29, or cost per ion of s2l.14. Dividends amounting to S1. 100, 900 were paid and an indebtedness which amounted on August l, 10 $369,621. About Ss0, 900 cash is now on hand. The report states'lhat promising exposures of rich ore Tn several workings and in directions previously asserted to be barren had been made just prior to the fire Latest dispatches state that the mine is still closed. Anne has been the most active stock on the list, recording a total Of 125. .2S0, l o which 70,6O0 were sold yesterday, The price aeclined from 56c on Mon- day to 42c on Friday. closing at 45c. l Climax has also been active, and | weak, the pnce declining from SIC 10 l4c, closing ai 47c on total of 35,S4O | shares s"ld.
 Little Chief has been quiet and | weak, at $l25 10 72c on sales amount- Ing to 1SSO shares.
 Liule Pittsburg has been dull and has alsa declined, selling down from $2 10 tc $2. O5; total sales, AT shares. Leadvllle has heen quIet but firm, telling al 47c and 45c, on sales of all3 shares.
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