Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-02-24
EASTERN DISPATCHES.
ESPECIAL 70 TIE BOLD HILL DAILY Hxwsl
rHE NEW YORK STOCK BOON.
Old California Operators and 0per.
ati0ns at the New Front.

NEW York, February 24.-The Time
has nearly o column IN the movement
Of California capitalists here during the
last g. weeks. It says :. Californian
Of ". tn have been fiocking to New
York IN squads, and q citizen OF Sar
Francisco visiting the Borssl Building
on Broadway. might almost imagine
himself In his own city, In the STOCK
Exchange on Pine street. so many famil'
lar faces would greet him.
The Tribune says {: Twenty million
dollars would be Q very low estimate Of
the amount OF Eastern capital invested
in Western mining enterprises during
the past year. The Fifth Avenue Hotsl
is the mining rendezvous OF this city.
and It IL safe to say that one.third OF the
mon who thronR the main corridor from
7:30 TO 10 o'clock P. N. have mines to
sell. Saunter through the crowd and
the words "mins." "ore." shaft "
and dividend " are heard on all sides.
Some Of the best properties shun pub.
licity. "No stock for sale" Is a con-
spicuous feature Of the advertisements
OF some OF tho companies. This an.
nouncement 10 supposed by many to be
q ruse, but It IL the simple truth. The
stock Of four Of the largest mining COM
psnies In Leadville has been taken In
large blocks, for investment only. A
dividend Of 500. 900, declared q few
days ago, will be paid with Q fewer than
dozen checks. L.rge properties,
placed recently, have been sold In lots
OF not less than 1000 shares each.
Several hundred applications have
been received for seats In tho Board,
including many New Workers as well as
Californians.
Mark Mcdonald is interested in two
Arizona mines. He is putting the Head
Center mine, In zoe, 900 shares, on the
market at 90 80 ashsre. and FL Captain,
In the Globe District, In 100 900 shares
at 50 10 . share. Mcdonald goes to
Washington to perfect the sale Of the
telegraph line which connects Whine.
muccs, Nevada, with Wslls Walla, W.
T. The line covers about GOO miles.
and as II connects several Government
agencies 1t 10 probable that he will effect
his plans.
John Macksy originally backed Geo.
D. Roberts, Henry Rosener and Frank
Osbiston, the expert in the Freeland,
Creek county, and Hukill mines. The
frst success OF Roberts wal with the
Chrysolite, 200, 900 shares. Without
owning q share OF the mine. which was
in the hands OF Governor Tabor and
others, he got the incorporators to bond
the mind to him to place 1t on the mar.
kst. Tabor owned ons-third, which he
handled himself. Roberts handled the
other two.thirds absolutely. He opened
subscription books, and the advance in
value OF two.thirds Of the stock, which
he disposed OF, now amounts to $4,000.
900, while his privilege OF realizing one.
half Of this stock at Sl5 per share, the
price at which 1t was first placed. will
net him about 81, 00O. 900, the stock be-
ing now quoted ct $45 per share.
What has tended to cause the In.
creased interest in mining stocks is the
dividend. paying properties which have
been put On the market. Among these
may bo mentioned Little Pittsburg,
which pays 800, 900 . month; Chryso.
lite. $500, 0OO. and Carlton, $4,000;
Homestake, Black Hills, $50, OOO; Father
De Smst, $50. 900 Green Mountain,
California. S5OO0, aud Bodie. $25, 600 a
month. In addition to these may be
mentioned Basick, Ontario, Deadwood,
Standard and Excelsior Gravel.