New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-14
MINES AND MINING

SUNDAY Feb. 1877. ~
The mining share markets last week we're moro
active than during any preceding week IN tne hs-
tory of the New-York mining stock markets. WHO
a eood deal Of jrreQularlty was observable in the
ynrous movements, there were Definite indlcatious
of an increasing public interest in mining en-
terprises. Several pools" in different mining
shares have been made up in the offices OF
prominent members of the New-YOrk Stock FIX
change. thus enlistng in mining specnlatlons ne"
important and strengthening element. The changed
position of affairs is further illustrated by the pro-
posed action of the New-York Mining Exchange IN
regard to the value of its membership. The Board
now numbers 472 members. 1t is proposed to
sell twenty-eght memberships to the high
est bidders, the proceeds to be devoted to
n building fund; and then to limit the
number of membership to 800, except ON pay
ment of $4,000 by each additional member
Prominent in the dealings of last week were the
Mariposa shares which advanced from 8 to for the
common and from 4 to for the preferred stock.
From these extreme prices there were resctOus' puG
at the end their prices were hrmer Inc capitai
stock of the Marposa Company is 100000 shares of
common stock and so 900 shares of preferred stock,
each of the nominal par value of 800. The COM
pany's property consists of 900 acres of mineral
lands. The purchases of the stock made last week
we're principally by well-knOwn firm. members OF
the Stock Exchange. Aside from the more favorable
reports that lately have been received from tho
property an incentive to the new movement
is the fact that about Onc-half Of both the COM
mon and preferred stocks has been surrendered by
forfeiture for nOnpayment of assessments. so that
the company holds in It's treasury about 6O.OOO
shares Of common and about % 900 shares OF pre-
ferred stock which to it Is a capital rendering un-
necessary further assessments. 1t also Is
proposed to reOrganzc the company mn
der the laws of the state OF New-York. making
tine stock worcestershire. The Loadville shares
also were conspicuous in the dealings of the week
and generally SHOW handsome advances LlttIe flCiS-
burg rose to 4, but closed at 7o5 against Us yes
terday anh Litio Chief advanced from l.2O To Z.f0
1910. ChrysOlts was dull and closed the wees
with il loss az Gls but Annie and Climax are IO
ami 81 cents higher at 30 and II cents respectively
UbeInia was largely dealt III and rose from lZo 10
| 5O0I45 Silver Cliff showed a large business
from go up to 5.75. The California gold mines
Green Mountain sold at 1865, against .
a week ago Rising Sun at $50 against Z0O, Golu
Stripe at 2 rs against $50, and Cherokee was hr,n
AT q 7J02S5 Moose suffered decline to LOU early
in the week, but recovered to 1.70G 50. and liu-
Kill rose from lI5 to 100 The general market
was equally strong with the stocks already nanled,
but such stocks as Boston Consolidated, NOrtn
Standard, etc. were weak all the way out never
since the Mining Exchanges were established mere
has the prosper for prosperous business III mining
shares seemed as promising as now
Ny INNING STOCK EXCHANGE SALES