Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1880-05-16
BRACE UP.

The low market is the market for the buyer,
yet there is large class who would not think
OF touching securities now when they can be
purchased for . mere song. They had rather
wait and take something in at 500 share.
If these sort of noodles who always buy at
high prices were to slip in now the market
would rise like balloon. Everything argues
favorablv for some big Developments and
things are now in shape for turn in the tide.
Amid the general crsaking it is a pleasant to
hear cheering note like the following, which
comes from the Stock Report: "We believe
that the time is not far distant when the
Comstock will reassert itself as the greatest
metal bearing lode the world has ever seen,
aud the mines Of the entire Pacific Coast again
be pouring forth . stream of treasure. OF
course the market will fuctuate more or less,
but we believe each reaction will carry prices
higher than its predecessor. This is what
the leading experts of the coast, not the mush-
room experts who 20 in on visiting day, but
practical and experienced biologists think. The
Stock Exchange Of Thursday last has the fol-
lowing: ''The market was strong this morn
ing. Strength nowadays consists in an in
crease of half a dollar . share on the high
priced securities. This is Ons of the advan.
tages of q low standard of values, and will in
due time establish the degree of confidence
necessary to the raising of the market to
something like Its old position. There is
capital enough lying in the banks to carry the
market to prosperity, and it will only require
a little time, little patience and economy and
honesty on the part of mine manipulators to
divert the necessary coin to the Stock Boards.
The present condition Of affairs cannot long
remain unchanged. The idea that these are
hard times caused by general and mysterious
of coin from tho State is child
ish. The hardness Of the times is largely an
imaginative condition. The savings banks
are, 6gurativelY speaking, bursting with coin.
We should like to bet that not within Eve
years have the banks held 80 much surplus
money as at present, money which has to be
invested in bonds for want of profitable appli-
cation to real estate. 1t is easy to foresee the
result. A falling of in dividends of the banks
which ought to be immediate, will set the
public mind to locking for opportunities to in
vest capital where higher and more attrac
tive rate of interest can be obtained. No in.
dustry offers such Inducements as mining,
and to argue that the popular mind in Cali
fornia does not look to stock speculation as
the speediest and most alluring method of in
creasing fortune is to prove ourselves a
poor observer of men and likely candidate
for the insane asylum. The present low
values in stocks is alluiing to those who be.
ievs in the maxim, "Buy 'em when they're
low and sell 'em when they're high" The
public, however, always give the stock market
The cold shoulder when it is GU. of luck, Just
As it turns its back ON its poor relations and
friends. The public wants to
invest when the securities boom, and forgets
The fact that the easiest way to secure that
boom is to step in and buy.