Weekly Arizona citizen., 1880-08-28
Our Weekly Mining Dispatch.
Central Arizona to be Reared The Sil-
 yer Nugget-False Idea of Globe District-SaIe of the O'Doughrrty
 Mine in Globe-rhe Coming Boom.

rweekly Report of Mining Associated Press.
 NEW YORK, August 25 -Durins
 the past week 553,677 mining shares
 were deal; in at the exchange, or on al
 average of 92,279 per Gay. To-day
 the transactions amounted 10 lOy,3g,
 share-. or gam of about 10,000share
 over last week Annie leads the lisI
 with S6 3S0 shares for the week, with but slight variation Tn price, reach ing .Si and closing at .Sl. The ac
 tivity n this stock can only be ex.
 plained upon the ground that some
 body wants it for the dividend which
 is soon anticipated, the money 10 pay
 il being HOW in bank.
 Tine next mo,t prominent stock was Calavera., a California hydra liic p; op- erty, which heretofore has failed tO
 meet expectations. This stock de
 clined from $1.60 to 36 in a few days,
 when il rallied, and closed this week
 at .5t under the influence of favorable
 reports from the mine.
 Central Arizona was dealt in 10 the
 extent of 46, 750 shares, dropping from
 SC s5. the closing price last week, 10
 S87s, and rallyIn- an1 closing at So.
 IL Is currently reported thai a strong
 pool has been formed tO force the
 price ot this stock to S2j It went to
 S2SI% last winter, and then reacted L."
 $21s The company own the old Eul- ture mine, and now have a new 80- stamp mill in cou>e Of erection. In stead ot hauling the ore distance of ten miles for treatment, a line of piping l4t& mile- long has beea laid, so IS to supply the new mill, which Is located at the mine.
 Transactions in CrysOliic amounted 10 32.Sl5 shares, with but little fluc- tuations in price during the week, rising to S7zs and closing at $1. Ship menis continue at the rate Of from 70 to 90 tons per day. and the company has recently made contract by which they get their ores smrlted at 57 p-f lon less than heretofore. The differ ence being sufficient to pay the run ming expences of the mine.
 Little Chief declared its regular monthly dividend on the 9th inst, or six days sooner than usual. This was done in order to enable certain of the !. trustees 10 realize one-half the diyI- ! dend on about 45.OO0 shares owned by ] Farwell, of Chicago, who was one of ! Jhe principal original owners, and ] who made a contract with one of the | insiders ty which they had an option l On hls stock until August 10th, they in ! the meantime to have one-half the div | idends. The production of the mine l was forced and sufficient ore taken out | in three weeks to pay the $l00,0O0 ! but only by gu'tlng "the | The stock closed last week l at S5.12, and since the dividend has fallen to s4-2O, at which price it closed
 During the week, the Empire. ot Utah, levied an assessment of Sl.50 per share, or $ij00O1. The indebted ness of the company amounts 10 about $9OC00, which has been auvanced by some ofthe officers dur ing the development of the mine ani while the new GO-stamp mill, which is nearly completed, was beng erected The assessment was something of a to people in this city, for we are not accuslomed 10 the levying If i>se' sments by companies having their officers here. IL is believed that thr stockholders will respond readily, ani hat with the assessment collected the company will be placvd on a dividend. paying basis.
 The dealings in Silver Nugget cached 24.6OO shares, closingat $I25, pr ) cents less than last Saturday. This s one of the Globe District mines in and although it has a five iamp mill and is producing regular y, the public do not seem 10 want the tock A, a higher price. There appears O be prevalent opinIon here that he mines of this disrIict, -uch aS the Mack Morris, Golden Eagle. Silver Era and Nugget, are too pnckety to ast. If the veins continue strong. no me will be more pleased 10 know It han the eastern public. who own the treat bulk nf the stock. Three-fourihS 'f the O'Dougherty claim. in Globe )istrirt, were sold for 37,5OO this week to New York parties
 The feeling k growing strong here hst New York is upon the verge Of mother mining boom, such as was lad laft winter, but with this differ nee: that the coming boom will be r. n the stocks of companies already rganized and not in the selling Of ndevel ped claims for purpo-e of rganIZation. During the week about D stocks mol heretofore called were i>ted upon the mInin exchanges. pni within a short time as many more will e listed. Many of the most conse+y- tive companies do not wani their lines listed, but they cannot help themselves. for the exchanges list and all what they please and with or 'ithout the usua! fee. During the 'eek dividends have been declared y the Dsadwood, Rising Sun, Con.