Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1881-08-30
SUSPICIOUS BEAR TALK.
The san Francisco Post, Goes Back On
its Old Time Policy.

|
the market, the Post chirpad its cheer!
Song of good times coming and pre-
dicted the coming boom. The reader
of the Post presently got weary of the
bullish antics of this Journal, whose
stock articles read very much as if the
writer had dipped in at top figures an6
was anxious to get out. A hat full O
$50 rock was q bonanza to the Post and
a two inch stringer of low grade quartz
| would be magnitied into an ore body &
thousand feet thick. 1t is safe to say
that the Tast's rose colored stock mar
ket reports have ruined more clerks,
seanlstresSes and WasherWomen in San
Francisco than could be packed into the
Mechanics Pavilion. Now, for the first
time in its exis:ance, that journal /: s.
sumes bear front and warns the pu bile
against bogus deal. Ii scents danger
| in the air for the first time Its Satur-
day issue says:
Sierra Nevada continued the guiding
star of the C0mstOck market during the
week. Its sharp advances and declines
completely governed the other stocks.
There being no reliable news from the
mine to warrant the advance in Sierra
Nevada to $l74, and the movement
savoring strongly of a baref,ced deal
promoted under the disguise Of mystery,
the Post followed up its policy of the
previous week, and foreshadoWed the
collapse, which was inevitable.
ono reliable news from the mine" is
good. Has the public been in the
habit of receiving reliable news from
the mines? Has Col. Fair been in the
habit of rushing out in the streets
whenever bonanza has been found and
posting the world? When the big bo-
nanZa was discovered every effort WAS
made to conceal it from the public, but
the news leaked out. News does not
leak out now as it used to. The mine
managers have reduced the business
more to a system. ''rhe collapse fore
Swallowed by the Post' and expected at
the beginning of this week did not
come. Sierra Nevada opened strong and
went to Sl6a. The Post, evincing a
sudden and unaccountable solicitude |
from the outside investor, continues:
Our readears are aware that We nave |
several times stated our suspicious that !
Sierra Nevada and the surrounding |
locality where genuine development
IF ore must first be made in the Conn
stock. We wish to reiterate these sus-
picions. 1t is our opinion that Sierr,
Nevada, Union ANA Mexic IN are selling
Tor tao much money Wnen the pros
poets and the broken character of the
ledge in their depths are considered,
Ind that Gould Il Curry, savage,
Potosi and Yellow Jacket are really
worth higher prices than they now
BRING, as speculatiun@ based upon the
exploration of Il large amount of virgin
ground, arhere big ore bpdies hare q
;hance Of ecistity. 1t is to the last
mentioned mine, that We pin our faith
N new developments being IN ule.
During the past six months the in
ide managers have used every effort to
convey the idea that the next develop
nent would be in the middle stocks.
The italics quoted are original with the
Post. On what hypothesis does it found
IS theory that there are "big ore
,odies' in any of the mines named.
Where is the vast tract Of 'virgin
round?" The whole thing looks like
feint to attract public attention away
rom the real seat of development. The
I'D len anxiety on the part of the Post
hat somebody will invest and get Bit
en- does not tally with lis course MAIN ,
aimed for years past in advising the I
ublc to buy everything from Tom
seams old race track at the north end q
own to the Quinn location on Ameri- :,
an fiat. The gist Of the Posts advice ,
leans that the public must give up the
respects in the north end to insiders. h
he article in the APPEAL relative to y
re fact that work was stopped on drifts T
, fast as ore has been encountered has \
zen ridiculed by the bonanza papers, ,
ut the facts are we'll known outside
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