Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-09-16

What she Daily stock Report has
TO Say of the Mining Situation.
The New York Daily Stock Report Of
Sept. 7th has the subjoined article Of in.
terest to Western mining men:
A healthier tone has seemed to prevail in
the market Of late. Not that prices have
appreciated, but the atmosphere is clearer.
Instead Of floating about professionally,
cropping for something to hang on, or some
where to stand, holders of mining stocks
are beginning to feel their feet resting on
something solid, where they can take breath
before plunging again into the sea Of spec
u~lation. Buyers are more pertinacious in
their inquiries regarding properties inwhich
they propose to invest, and mere reports
have but little weight.
We have never known o time when there
was SO little disposition to be the recipients
Of "taffy" as at present, although the same
willingness to give it is still manifested.
kilograms, outside Of shipments Of bullion,
seem to have little weight, and the calm
ness with which news Of big strikes
and unexpected rich Developments is re-
ceived, is something novel in this COM
munity. The stock liz apt to recede to-day
on what would have given it a genuine
boom" in the past.
superintendent themselves are at an un-
usual discount; consequently. no great i'm
portance is attached to anything they send
from the mines, except bullion.
Arrangements are more closely criticised,
n no matter how good the property, I'M
less the right kind Of people are in it, there
is a general disposition to be excused from
dealing.
Newspaper brigands, with which the
mining community seems burdened beyond
its deserts, are given the cold shoulder,
and although they cry out till their throats
are sore, urging the purchase Of worthless
stocks, their cries are unheeded, and their
very puffery has the effect of keeping peo-
pie from buying. In their rage they cry
''Stop, thief at every reputable journal
that exposes their tricks.
Mining investors are not in a gullible
mood at present, and, although apparently
choice bats are being thrown at them,
they seem inclined more than usual to see
If there are not hooks inside. Many have
been hooked in the not remote past, and
Others have escaped with lacerated jaws;
and there is no disposition to undergo an
other similar experience, at this particular
time.
Past records Of and future predictions
concerning mines, do not seem to have
their accustomed weight-the living pres
ent seems to be the great objective point.
As children cry for Mrs. Winslow's
soothing syrup, SO the mining man in this
city to-day is crying for living. present
facts; tradition or philosophy does not
move-he is %indisposed to weep over the
grave of Adam, or to become hilarious over
the prediction Of some expert that the
product Of his mine must eventually largely
aid in the extinction Of the National debt.
What has posterity done for me ?" he ex-
claims.
The question Of present dividends seems
the vital one to the investor at this time,
and SO sordid and material has his nature
become that we have no doubt he would
appreciate one fve-cent per share dividend
to 500 reports, although written in the best
style of some of our ablest mine superin-
tendents.
Good companies will be benefited by the
present state of feeling, while bad ones will
be very apt to go to the wall. We look for
a marked improvement shortly on all the
better class OF mining stocks, and after the
Summer exodus is over, brokers will find
no scarcity Of business.