Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1882-09-16
THE STOCK SITUATION.
A Few ssays From the w astc Damp OF
kumOr.

| kunIOr.
; That there is some strong under cur
rent ut work infusing confidence in the
: stock market there can be no doubt
During the past two weeks the volume
Of business has been enormous, and de-
termined buyers have been in the field.
The APPEAL has always adhered to the
theory that the failure to make salts
factory adjustment of the difficulties
which lay in the way Of !, purchase of
the Sutro tunnel by the Bonanza firm,
was what kept Comstcck securities low.
The Bonanza firm about Il year ago
offered six millions, but the owners
named eight millions as the figures and
would not take farthng less. The
question 10 determine was whether or not
the ore still remaining on the Comstock
would by saving So 4 ton royalty, wlr-
rant such an investment. 1t would re-
qure nearly 3,000,OnO Of tons Of pay
ore to effect this saving. This is not,
| however, the only proposition which
cuts a figure in the case. With the
| royalty off vast amounts OF low grade
ore uncovered could be worked, and in
! case of a stock deal the effect of the pur-
chase of the tunnel by the Bonanza firm
| would be very great. Within the last
GO days a transfer of $4,000, 900 in bonds
was made from the Bank Of Nevada to
the Bank of England. 1t looks very
| much as if this sum was the purchase
money for the tunnel. 1t is held, now.
ever, by persons adverse to this theory
that the mortgage on the tunnel does
not expire unit. 1891, but such mort
gage need not nee ssarly prevent the
) lie. Whether the discoveries made in
the north ana middle mines are of
sufficient Importance to warrant this
purchase, is only a matter of conjecture.
The APPEAL has it from what might
be considered as pretty fair authority,
that Mackay, Flood, Mills and Sharon
have formed stock syndicate for the
purpose of making a deal and that a
portion Of the Sutro tunnel purchase
money came from the two last named
capitalists. For some time past no ac-
cess has been allowed to the nOrth-end !
mines. Captain John Kelly, the lead
ing bear, has not put foot in Union for !
many long weary months. The bears |
point to the fact that men have been
discharged from the north-cnd quite re-
Gently. Most of the men discharged
are those suspected Of being !
in the employ of John Kelly as spies.
He has for years had his agents in
every place of importance on the ledge,
and they are now heing weeded out
wherever found. This Is what makes
Kelly chafe and talk down stocks. The
Jews of San Francisco who always have
"good points " on the market are laying
in good Winters supply of securities,
their coin on Union, Sierra
Nevada, Mexican, Ophir and ChOllar.
Those who think they know just what
is to happen, hold that Ophir is the
coming buy. The proposition is to send
the North end up to about 500 on nh
nipuiation and open bonanza, that the
rest Of the deal may be run on merit
Persons wishing to know any more about
these matters can be accommodated by
applying to any of the four membe Of
the syndicate. Fair has been left out
because none Of the four members of the
will have anything to do
with him. Although men who are insid-
ers. says the Post, protest that they are
doing nothing whatever in these stocks,
their very actions show that strong
power is behind them, and that some
thing of more than ordinary interest is
in progress. The west drift on the
$3.50 level of the Chollar which is des-
tined to reach the quartz vein which
so we'll on the level abovr,
las already been started. Whether it
will lead to- discoveries of value remains
o be seed; but as it will take four or
i've weeks before it reaches the vein,
hera is annie time for manipuiat0rS to