Arizona weekly citizen., 1881-03-20
Our Weekly Mining Review
A Resume of the Business or the Week-How stocks are Manipulated Irregular Market

Special Correspondence the CITIZEN.
 NEW YORK, March j.-The mih- ing stock market has been active and irregular during the week, but with general downward tendency. The sales for the week are officially re ported at s22, 403 shares. A large business has been done in Hibernia, but aside from this, dealings have been well distributed. The weakness of the market is mainly due to the causes which were set forth in last weeks letter, and it is rather encOur- aging 10 note so slight a decline as has taken place in view of the unia- yOrable circumstances which were mentioned. During the week lt has transpirCd that the surplus in the treasury of the HibeTnIa Company amounted to about SJO00, although Il was officially reported al the tune of the declaration of the last dividend, on February Sth, that there was suili- cient money in the treasury To pay three dividends of S30, coo each. This report was staied tO have been made by Governor Tabor, the President 0i the company, and the feeling of tho street is now very bitter against the officers of the company, who are call ed very hard names, which 1t would seem are richly deserved. Deals such l.s tlf1anrraa.t m rar m incalculable injury upon mining in- terests. ILe fact that the disclosures made during the week have eXCried so slight an effect on the stock mar ket dces not disprove this, but is an evidence oi the inherent strength oi the market which It is gratifying to witness.
 Leadville stocks have been quite active during the week, Hibernla headiIg the lisl with sales of 25y, . ij shares. IhIs stock has been very ir- regular between - and Gle, closing to-day al 63c.
 Amic has been fairly active at from 51 to j4c, closing at 52c on sales for the week of q, 100 shares.
 Chrysolitc has been very active, advancing from SJ.25 to $6.15 and closing at S6.5O, on sales aggregating 25gO O shares. The statement re- pea,edly made by the officers of this company, that operations at the mine were conducted without inn mediate reference 10 the stock market, cannot easily be reconciled with the fact that within four weeks the eX- traction of ore was first suspended and nearly the whole force put upon development work: that the mine was then entirely shut down "tO prevent being surprised by the county off ciais, who, 1t was expected, would levy an attachment upon the property tor contested taxes; and that to-day reuoTts from Leadvilie state that work in the ChrysCliteis again m full blasif that ore shipments are to be resumed in a day or two, and that lhe pros meets are excellent. Without doubt there is more morey in the judicious handling of -he stock of company by officers who can suspend and re sume operations at will than in the honest management of mine for the profit on the ore which it may con1 tain.
 Climax has been traded in to ihg extent of Is, 100 shares, opening at 0Ocl selling up to G9c, declining to ole and closing at 5Sc.
 Little Chief has been very active a3 Sl 60. Sl.SO, S1.45 and Sl.G1 uII safes for the week of 2S, 200 shares.
 Little Piusburg has been dealt in toI the amount of SSjJ shares at iromI e4.15 to $3 %, closing at S4 Reports from LeaQvilie state tat the recent strike, of which so much has been exprcted, had proved 10 be only a pocket 10 feet thick and 20 feet square, the ore of which IS about eX- hausted.
 Dunkin has been fairly active, ana has advanced from S1.50 tO Sl.S0 on sales of 9O25 shares. A lage new en- zine IS to be put on this mine, which will enable il to double its output, aud there are estimated 10 be 20, 0UO ions of ore in the mine, The mine has been hitherto honestly managed, and ihe fact that the company has now 3S7 stockholders of record proves hat there is wide belief in the value of the mine.
 Iron Silver records sales of S3j0 shares at from $3.20 to S310; Glass Pendery, 2S0G shares at S2.20.
 Silver Cliff stocks have been quet and steady, Bull Domingo recording sales of 2jj0 shares at from 5. 40 to S3.55. closing al S3.j0, and Silver cliff 5l25 shares, at from S4 o3 Co S5 3S, closing at the latter figure.
 Of other Colorado stocks, Robinson Con. has been irregular at from SS.25 to S1O.2j, closing at the former price, on sales of 2gjO shares. Moose has been very active and irregular at Sl.S0. Sl.50 and Sl.90, on sales of 2j,940 shares, and Moose Silver has been firm at 8 25 and S2. 20 on sales of 2l00 shares. Hukill records sales of 39OO shares, at $1.40, S135 and S1 40.
 Bodie stocks have been dull, with the exception of Boston Con, which has been fairly active at 1j. %. S3 and %, on sales Of l3, coo shares. Bodie has been firm at SC and SG3S, on sales of 210 shares. Goodshaw has been fairly active at 54c, 41c and j2c, on sales of 3900 shares. North Standard recorCs sales of 2400 shares, at from 25c 10 22c; Con. Pacific, 1100 shares, al S1c to 70c; Bulwer, 1000 sbares, at g and $2. 10, and South Bulwer, 2l00 shares, at 33c 10 35c.
 Of other California stocks, CheTo- kee has been fairly active at s, S2.30 and S2 l5, on sales of 63O0 shares Gold Stripe has been irregular be tween $3 and S2.70 closing al g go,