Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1881-06-08
THE COMING BOOM.
HOW 1T Is TO BE ENGINEERED.
New York Capital to be Enlisted.

The Pacific Coast is sorely in need o
such an imitation, and the big Operator
are arranging things to start the ball
1t is idle to suppose that booms can bt
engineered on washed sales or that thu
insiders can "put 'em up" at will. Il
takes money and lots of it, solid trays
of gold pieces and heavy bank. accounts
to make the advance tangeable. Years
ago a matter of five millions of dollars
would lift the Comstock line from end
to end. Now it takes money just in
proportion as the shares have been seq
gregated. The public do not stop to cal
Iculate the number Of shares in a mine.
They look no further than the simple quo
tations and do not realize that Sierra New
ada now at 500 share would be good
deal higher than the same stock at $500
before the segregated of the shares.
1t will take at least ten millions to swing
the market now, and good deal of it
must come from the public, after the ex-
element is once fairly started and the
stocks begin to jump at the rate of $40
a day buyers will be drawn into the
swirl fast enough, but millions must be
invested before the gentle stream of
speculation becomes roaring torrent.
NEW YORK TO TTAND IN.
While San Francisco boasts of its
great wealth, its capital in no way can
compare with New York and no mining
excitement can be engineered now on
this coast without liberal contribution
of Shiekles from Wall street. The New
York San gives the language of one of
the brokers as follows:
"Well, the time was, you know,
when we down in Wall street wouldn't
touch mining stock with very long
pole-not even such as a western opera
tor wouldn't use to pull down persim-
mons; but, somehow or other of late,
the cards have changed and find lots
of our people quietly buying up stocks
whose values are represented by what
mines may produce in gold and silver.
Some of our big operators are going in
A New York correspondent says:
Within few days there has been
quite an influx of operators from CAL
ifornia who all seem bent upon COM
mon mission. What that mission ex-
actly is must be left to shrewd surmise.
From all that can be gathered on the
outside, it looks as if the great old time
ComstOck lode of Nevada, was anxious
to have New York capital enlisted in
its behalf The present owners Of that
once fabulsusly rich field of gigantic
operations are engineering a "deal"
which shall enlist the cupidity of New
York operators. Quietly nesting at
home in Nevada block, San Francisco,
these present controllers of the Com
stocks future destinies have seem
shall it be said, with jealous eye?-a
few adventurous operators of California
origin come to New York and by their
own energy and sagacity build up a
market for mining securities. San
Francisco had been drained of its life
blood-now let New York furnish its
quota-all for the Comstock.
THE WELLS, FARGO AGENCY.
Lloyd Tevis and James B. Haggin |
are now in New York establishing a |
Wells Fargo agency for the sale of
Comstock securities. Following in the |
wake of the Wells-Fargo firm are num-
bers of small fry spectators who are
leaving San Francisco to start brokers' |
Offices in New York and men accus- |
toned to watch the signs of the times |
no longer wear the haggared, careworn
look that tells of expected poverty. 1t
is argued that men with business heads |
like Haggin and Tevis would not make |
a move to New York just at this time
unless they knew what they were about.
WANDERERS RETURNING.
John Mackay, who when he went to
Europe expected to be gone two years,
has been suddenly summoned back by
! CIPHER cable dispatch from Fair, and
will arrive in Virginia City this week.
All the old mining operators and ex-
Derts who have been scattered over the
ields of Arizona and Montana are
locking back to the old ledge as they
scent the coming rise The Bonanza
irm have secured control of the Sutro
Tunnel Over thousand feet of Sierra