Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1881-09-09
THE MARKET.
News, Theories and Opini0nsH from
Various Sources.


and the Stock Exchange has this to sa.
of the situations:
"There is, think" said prominen
broker this morning, "one cause for the
decline of the past day or two which
has not received its merited share o.
public attention. 1 refer to Colonel
Fairs positive assertion that the bo-
nanZa firm have not secured control OF
the Sutro Tunnel, have not tried to get
it, and do not want it. There is sig
nificance in this that is being severely
felt in the stock circles, and has done
much to shatter the hopes of those who
have constructed plausible theories as to
the existence of bonanza and the in
tentions of the controlling influences of
the COmstOck. 1t has been pet theory
that the leading spirits of the Comstock
with Mr.. Mackay at their head were
determined not to show up a bonanza
until they had secured the tunnel. That
they would not pay royalty on ores to
anybody but themselves, and that Mr..
Mackay was now in Europe putting the
finishing touches to a bargain by which
the tunnel was to pass into their hands.
Colonel Fair, who of course knows what
is going on, now denies emphatically
that he and his associates want the tun-
mel, and this etfectually knocks one of
the strongest props away from the
''optimists of the pave"
When the news first reached Pine
street that Fair had denied all desire
of having the Sutro tunnel Sierra Ne
| vada dropped to Sl4, not because of
what Fair had said, for no one believes
Fair on Pine street or elsewhere, but
because of the election in San Francisco.
That Fairs words were discounted ap-
pears in the strength of the stock yes
terday, opening on the street at $l6s
and selling as high as II. Showing
that the spectators saw through Fairs
pretended lack of interest in the tunnel.
The Eureka Sentinel says {:
The Carson APPEAL has faith in the
north end mines. 1t asserts positively
that a bonanza can be opened there On
short notice. Those who read the
annual report of Superintendent Patten,
published about 40 days since, will re-
member that he located ore on the |
27O0-fOOt level of Union Consolidated. |
How much he did not say, but that |
there is ore there in greater or less
quantity is as sure as the day succeeds
night. 1t was found with the diamond
drill. The 200 level is now being de-
veloped by drifts and crosscuts. The
situation therefore becomes an interest
ing one. Hit or miss, the market for
the north enders ought to improve
while the explorations are going on.
The Leader considers the APPEAL
theory as "pretty close to the facts or
mighty good guessing"
The Reueiue considers it every pleas
ant reading"
Over two years ago a lot of experts
went into the mine and all who came
out expressed most unqualified cpin-
ion of the merits of the discovery.
81 think it the biggest development
he ledge has ever seen; at least it :
ooks that way to me. Sam Jones.
sIt is a most important discovery."-
Warren Sheridan.
81 think we'll of it, but is too early to
ouy."-John Kelly. I
"It fairly made my eyes bulge when :
saw the ore."-Grant Israel. i
"Everything indicates strength and t
Dan De guile in the
Enterprise.
And so on; thousand opinions might
,e quoted from the back files of the
Comstock newspapers and the press
dispatches in the San Francisco papers.
The grand squirt came when Johnny
'kae ran a thirty foot drift into the
edge from the east side. 1t never en- {
ountered the west wall, and visitors
vho came in were allowed to pick T
way in the face of the drift at will and II
nd take away samples. 1t was by this
leans extended five or six feet and
till no west wall was encountered. If 81
here had been any fears of the west
yall on the part of the management
,ould visitors have been allowed such
berries with the drift? The managers
new as well as anybody how far tn ey
- 10 Co.