Weekly Arizona citizen., 1880-12-04

Mining fsOards-A '"i y "
 or fine smaller Stocks-i"e Coi''
 stoc,es GraduaIIy Receding from
 Favor.
 s..,,,l ca,rasDopdsnoe Of TIE CITIZEN
 Nrw yoRK. November 90.-Mining
 stocks have been fairly active during
 tbe present week, and the sales re-
 corded show larger amount Of busl-
 mess transacted than for some time
 inc number of shares sold amounting 10 s55. 699. This large increase IS due,
 however to the extraordinary specu' ts,iop in q few of the smaller stocks, notably in Copper Knob, of which alone 179,JO0 shares were sold, the
 e,ocB at the same time breaking from p cents per share to 10 cents and re- acting to r. The cause of the break IS thus explained: William Brand re,b inc Vice-President and Treas 1rcr of the company, held about 4IO,- o90 shares of the 100000 into which fine capital stock of the company was divided. and had borrowed a large amount of money on about 200, 900 shares. It having been rumored on inc street that he was holding more of the stock than he could carry a raid was made upon it on Thursday bv tbe bears. and it was run down from 72 to 2l cents in one session of inc board. BraDdreth was then called upon by his creditors to fur nisb additional margin, and, owing to thc exceedingly short notice given, was forced temporarily 10 suspend pavnents. More stock was then thrown on the market, and it rapidly declined to 10 cents, but has since then been largely dealt in at advanc- ing figures. The reports from the mine have been and are favorable, a dividend of per cent. having been Daid last month on the stock, and as the company is not involved in Brand relh's failure, the stock will probably make further advance.
 Outside of the speculation in few speciailies the business of the week has been pretty well divided, but ihe market presents no different features from those recently reported. Manipulation is still the order of the day, and until unmistakable results are shown in the wy of bullion pro- duciIon, very little demand from the outside public can be expected.
 Chrysolite stock has developed a hardening tendency, opening on Mon day at S1l5, selling up to S65s, and closing 8t S631, on sales amounting t0 36.8g0 shares. Dispatches received from Leadyille last night state that ihe north workings of Chrysolite are now Tree of gas and that the manager considers the mIne securely protected from fire Men are 10 be put to work in the mine on Monday. Little Chief is als1 reported us raising ore, and eight engines were throwing steam into the workings in which fire still existed. It is believed that general recovery will follow in the market as soon as it is definitely ascertained that the fire has been entirely extinguished.
 Annie has been largely dealt in, but Fluctuations have been slight. The sales for the week amount to S3, 700 shares, al from 43c 10 37c, closing at the latter figure.
 Climax has sold to the extent of 2S, 800 shares, and has been fairly steady at 5OS, 4Gc and 49c.
 Little Chief has been quiet but strong, opening at Sec and selling up to SIPS, closing at S1.2O on sales of S700 shares
 Little Pittsburg was dull, only l76j shares selling $2aI, $2li and S215.
 Oi the other Colorado properties Bull Domingo has been quiet but strong at S5l and S515, closing at S514. Sales amounted 10 1900 shares
 Bodle stocks have been moderately active but weak. Very few transac- lions are noted in Bodie, only 430 shares selling at $3.9O and S4.
 Horn Silver has been moderately active, but lower, selling down from Sl3l2 Go Sl115. Sales for the week aggregate 1910 shares.
 A large speculative business has been done in Silver Nugget, at from 3Ic 10 25c, at winch latter price it closed. The recent advance in this l stock was purely the result of manip- l but it is probable the stock 1 will -hefore long go 10 lower figures | than those from which it started. The l sales for the week amount to S7, 300 l shares
 The Comstocks have been more ac- | tive than for some time past, and at 1 one time were quite firm at higher i prices in sympathy with the San Francisco market, but lost the adyan- .sge and closed weak.
 The disappointment resulting from he failure 10 discover an ore body of | value on the 2500- foot level of Union Consolidated has had the effect of low 3ring the north-end stocks materially. | md the decline has also been aided | by the dispatch of last night, which 'tated that the deal in Alta had col apsed, while the cross-cuts which Ire being run in the same direction as he drill holes on the 2050 level, which il was claimed had pene- rated ore, were still some distance rom the point where the ore was said Q have been encountered. The in- erence therefore is that the late ad- rance in the stock was merely due to and hence the disap- and disgust
 What Does It Icans
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