Weekly Arizona citizen., 1880-09-25

NEW YORK. Septemoe "e
 feeling is becoming general among
 dealers in mining stock' and mana
 yers of mining properties mat the
 f.,i r,so Is near at hand. The cool
 weather js rapiIly thinning out the
 numerous summer res-r,s and our
 n,or;nent and wealthy men are re-
 ,urnins 10 their active business pur-
 suits. Gradually. but surely, the
 speculative public are being edGcaied
 mn ,o the real merits of mining, and
 ,he result is that more confidence Is
 heinz placed in such speculation, the
 fact being patent that it is as safe aud
 legitimate as dealing in any other
 class Of securities. The sales at the
 two boar,ls. although Eoi SO heavy as
 last week, show that the bear movc-
 meut made aga:nst certain stocks
 listed is ab"ut played ou', and 'h
 efforts of those determined Co break
 said stocks were rendered abortive by
 inc united action of Inc managers in
 resisting the assault. The principal
 hone or contention seems 10 have been
 Silver Nugget. Fierce and continued
 efforts were made during the entire
 week by the bears tn break the market.
 and their assaults resulted in bringing
 quotations as low as 10 cents, buyer
 30 cents. Dat by extremely hard
 work ihe stock rallied and held strong
 a; 75 and s0. Chrysolife seems 10 be
 following in the footsteps of its elder
 brother, Little Pttsbu-g, ard appears to be on the brink of ruin.
 During the week one failure has been reported, that of 4. ". Whit uey, a member of the American Ex- change, with liabilities of SI3, 900 to si5, 900. The occurrence WAS pro- dnciive Of one good thing, however, showing as it did the kind and for hearing sentiment among his brother brokers. IL was the unanimous ex- pressiou that the contracts of MI. Whitney would be permitted 70 lay over for year. if necessary, in order 10 enable hlm t1 reduce his losses but the unfortunate man had not the nerve requisite 10 stand up under ad- versity. and left the State before any offers of assistance could be extended 10 him.
 There are many new properties be- ing placed in this city, and the work Is done so quietly and with so little flourish that the general puhlic are lef; in ihe dark regarding such trans sctions.
 Among the prominent mining men now here are NIT. William Irwin, Su- Of the Standard Cousol- dated mine Of Bodie. MT. Irwin has attained very high position in his profession, and is now regarded as an authority on mining matters general 1 Iy. From long association with the property under his charge, he has con- cluded that the Standard is now the !. biggest gold mine oP.-od in the 1 world. The regular payments of | dividends for the last three wears will ] 20 fsr 10 prove his statement. snd does 1 much to restore confidence among the ! ncre skepticsl disbelievers in mines ! md mining. NIT. Steve Moore, for ' nerly Superintendent of the famous l 8odie mine, has also been in the city. | He cherishes ihe utmost confidence in ! he future of that fabulously rich ore 1 fein, and says that with proper man. l lgemenI dividends wIll 6gain be re- tuned.
 Hon. John B. McGee. one of the owners of the Hillside mine of Ne 'ada, has been busiiy al work arrsng- ng mstters relative 10 his property md seems satisfied that he has as good ! mine as he once owned in Tybo. the adverse criticism if the Mining Record.
 c. x Hobbs and MeMurdy are en- aged in a railroad scheme in Dead vood, Black Hills. They claim to lsye bonanza in the enterprise and re confident of early success. Their 'lsn is 10 start road from the foot ills anG take in the various towns long the route with the terminus at cad City. As there are now nearly Q, 900 people in the twenty miles 10 e covered by this road, and statistics how that nearly 50, 600 tons of freight ass over the various roads leading 1ta the Black Hills, il seems feasible hal railrosd would prove q paying 
 The real importance of the Black Hills country does not seem to be understood. From the best ources the information comes that 'ver 2o00 stamps are daily si work ore. the whole mass of which s of good paying quality. Add to his the fact that the ore bodies are immense and almost incxhsustible, nd it will give acme idea oi the im- 'ortance of that country.
 Professor W. F, Stewart, the we'll .nown geologist, has been stopping { the Coleman House for few days. fe has recently visited Newfouud- and, where he reported on some veins [ copper located there. Professor iewart is of the opinion that the l'ning region in Maine and vicinity { 5 she bes; of any coming under his