Arizona weekly citizen., 1881-01-08

Special Correspondence of TIE CITIZEN
 NEW YORK, December 24.-Busl-
 ness at the mining boards has been
 very dull during the past week the
 sales of both exchanges amounting to
 :5e,762 shares. Various causes have
 united to produce this dullness, the
 chief among which is the near ap-
 prosch of the holidays. It was gen
 orally anticipated that dull and weak
 market would rule until after the lst
 of January, and therefore there were
 more dealers who desired 10 dispose
 of their holidays than there were 10
 make ventures on the |" long side;
 hence the decline in prices. Nothing
 of note has Iranspired al either ex- change during the week. After lhe reported settlement Of the Boston
 Consolidated difficulties it was gener-
 ally believed that the stock would
 again become lively and sdyancei but afler opening al Sl.05 on Monday il
 sold down to 67c yesterday and closes today at csc on sales for the week Of 13.G50 shares. IL is impossible 10 ac- count for the present weakness in Ihis stock on any hypothesis than that the large holders of the stock are bearing it for the purpose of shaking of small holders and reducing the average cost of the stock 10 the former. Certainly nothing has occurred at the mine 10 warrant the decline to present figures, as the reports of the various parties who have lately visited the mine ID the interest of Eastern holders, agree ss 10 the great improvement that has taken place in it.
 Knowing ones on the street predict an early boom for the BOdie stocks, passing their opinion upon the gener- ally favorable condition of the mines of that district and upon the tactics of the chief holders to obtain additional quantities of the stocks at low rates. At the present time the one thing needful for mining stock speculation in New York is new blood; and the only way h which tO attract tbe outside public is by mak- ing the market active and the fluctuations important. Speculators have recently had such excellent op- portunities for the rapid realization of profits at the old Stock Exchange, that only the very smallest fry continue to patroniZe the mining boards; and that portion of the public which possesses large means and has the desire to en- gage in mining, confines its attention to private enterprises. Numerous new corporations are being organized here to conduct the mining business, cspe- eially in Arizona and Northern Mexi- co, end in nearly every case the capi- tRlIzation is very small as compared with the amounts represented by new interpretations year ago. Whereas st that time a capital of SlO, 000, 900 was the rule, companies now organ iEing rarely exceed $25O, 900, and in many cases the capital amounts to but from $S5,00O to $50, 1000. The com psnies organize, the stock remains in the hands Of few persons and is never heard of at the exchanges; but it is to be expected that a large per eentage of these enterprises will show s good profit for the money invested, ss it seems to be the general intention of these inventors to have theIr enter 1 prises conducted on strict bus ness | principles, and not to seek their profit l in the manipulation of their stocks.
 Of other Bodie stocks only 43O 1 shares of Bodie have been sold at S5.25 | up to $6. Standard records sales of 1 100 shares at $2175.
 Other California stocks have been | quiet. Calayeras has been compara- lively quiet, l9,000 shares having | been sold st from 23c to lsc, closing | at 2Oc.
 Leadville stocks have been quiet, l with the exception of Annie, which l was again active st an advance | from 4Sc to COG. closing at 57c, on sales of 1l9, $50 shares.
 Climax has been dealt in 10 the ex- tent of 27, $50 shares, and has been steady at 65c, 62c and 65c.
 Chrysolite has been fairly active, recording sales of 25, lsO shares at from S1. IS to $6.Ss, closing al S7.
 Little Chief, after declining from eSc to S3c, advanced to 95c, aud closed al Ssc, on sales of 675O shares.
 Little Pittsburg has been dull, only l425 shares having been sold at $2, tl.9S and $2.
 or other Colorado stocks Hukill has been fairly active, declining from sl.S5 to $l.l5, and closing at $l.S5.
 The Comstocks have received the usual amount of attention, and alter advancing in the early part of the week again declined 10 about their former figures. California records sales of SS75 shares al Sl50, Sl7O 1 and S1.55; Con. Virginia, 75O0 shares, at e .25 to $2.15. and Sierra Nevada, 1885 shares. at s725 10 $9.5O. closing at @.
 Silver Nugget has been quite active, and declined from l5c to He.