Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1886-06-12
THE ENGLISH MININu MARKET.
Report OF 1t by u MiptDg Experi
Just Returned from london.

Just Returned from london.
Mr.. E. G. Quimby, one Of the stock
holders and operators Of the st. Louis
Consolidated group of mines at 0phir, re-
turned to Salt Lake City Thursday even.
ing from a three months visit to London,
England. Mr.. Quimby, while in London
in the interests Of the company's mining
property in Old Mexico, made many close
obser vations Of the mining pulse in Eng
land, and in answer to many questions
pertaining to mining matters across the
water, the gentleman very kindly ten
dered the following information TO the
Tribune which will be OF interest to many
! readers OF the SENTINEL:
In speaking Of the general feeling in
mining matters in London, Mr. Quimby
stated that there were a number OF large
| properties placed ON the market and dis
posed of during his few months ~sojourn in
the metropolis Of the world. Among
the large mining sales consummated was
the German Consolidated Of Colorado.
Alturas OF Atlanta, Idaho, and several
| ranches and silver mines in Mexico by q
| syndicate with whom / WAS acquainted.
The feeling in London for mining is de-
| cidedly better than for several years past,
but they are going into ii very carefully,
and l think it speaks well for the pefms-
nency OF the movement. The days when 9
man could sell O hole in the ground for q
mine are passed, never 10 return again il
il to be hoped by all honorable
mining men. That gold properties now are
preferrd and that no matter how large q
| property ia so long as it shows well and is
| fairly worth the price asked it can be sold.
1 came in direct contact with heavy buyers
and sellers in London. who were anxious
to learn OF this country and Of profitable
investments for their surplus capital.
| There is no trouble in selling q good prop
erty if sufficient time is allowed them to
investigate and negotiate with their eyes
open. The English are proverbially slow
in making up their minds to undertake
anything, but when once resolved they
never turn back nor abandon the enter.
prise"
Mr.. Quimby does not anticipate any
marked excitement in the nature of a boom
in this line for some time to come, bat be
feels ssnguine that the steady movement
now going on in mining affairs will con-
tinue for some years, although this move
ment is apparently quiet and not marked
by any excitement to the outside world.
Among prominent Western men perma-
nently located and engaged in ~disposing oil
American properties in London is ex-Gov.
ernor Gibbs, of Oregon. He is an active
manipulation OF mining properties. and has
negotiated the sale Of many valuable prop
critics.
In closing the pleasant In terview hesaid
that there existed one general mistake
throughout this country that he would
like to see corrected. Most men have the
erroneous idea that IL they have q mine
for sale. all that Is required is to skfp for
London. alight from a cab In front OF
some hotel or market, and the
fact Of wanting to sell n mine in America,
and you will be rushed at with bank
checks and bags OF gold as If money was
a burden which every E~nglishman wished
to get rid OF. Parties having properties
for the market must go to q buyer in
London and present his mine slowly be-
fore his purchasers, so that they can care
fully investigate the property and see that
the sale ia honorable and not a catch affair.
The English have q great many opportu,
mites for the safe investment of their
money in Africa. India and all the coun-
tries Of the world. and no one can realize
unless acquainted with the fact, OF the
amount of nefarious schemes sprung upon
them daily. 1t is o good market to the
man who knows how to work IL, and q very
poor one to a man not posted.