The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1888-08-29

III.
H2se1, and the astoni hing thing i,
tnat the suckers Who bite and az
guieu are the same old crowd. OF
course there are reinfogcements OF
new recruits, who are drawn into the
Market ny the hope Of making for.
tune NifnoHt work. but the naaiority
are men and women who have 10 :,
several Thousand doilars In specuia-
Ilon, PIT who hope to finally RECON-
them elves By a lucky stroke, The
curious thing about il Is tina. they
never lose heart. They are iut a.
sanguine now as they we're 10 wears
ago, when the sensation OF gamdinv
was a novel excitement. They don't
seem ever 10 get tirei Of Il. ard the
women are more tireless than the
men.
FEMALE sTO0x sPEcFLAraRs
Those women who haunt The Ex-
change and try TO get points from
brokers or mine manayPrs are 4
curious crowd Nothing ike them
was ever seen anywhere else. for Ia
New York and most Eastern cities
the prices Of railroad aud other stocks
are 80 high that only the geIi-to-do
women can take hand in speculation
Here, on the contrary, any womer,
who has SO can have her share of fun
IN 'shortilig the market or In bs4yiug
on margin for a rise. You see that
woman over tbereiindicating ffowsv-
headed creature in aras.s old black
dress); she Is called the .gaIlo,,srg
COW, because OF her peculiar gait.
She has been on the tnarket f,r *
years 70 nay knowielgc, and she will
probably stay here till IN. dies. She
uas some property in the city which
brings her in about 500 a month.
She lives on so. and the rest goes in
stocks. She aud her class are dubbed
Fmudhensr--a face;ious name given
by the sporting broker because Of their
resemblance 70 the ducks in the sac
ramento river that skurry about, make
a great splashing IN the muddy water,
but are not worth powder aud shot
because their flesh /. tough and fishy.
The "mudhen" generally loses in the
long run, because she Is ball, and
when stocks go up she Is rarely known
70 sell, as her greed is excited and she
fears some one else mty m AXE some
thing in the stocks she parts with.
Finally the interest exacted by the
broker and the inevitable drop in
prices clean her out.
REVIVAL oF DIVIDENDS.
But the deals that have been put up
within the last two wears have been
more curious than any that have taken
place In the past In the fall of lsS6
the Com stock mines were at their low
est ebb. You could hardly give away
stock in such great mines as Consoli-
dated Virginia and Others. Constant
asses ments had taken the spirit out
| of every one, and most holders had al
| lowed their stocs 20 20 for assess
ments. Consolidated Virginia was
kicking round the street at 81 Sld-
denly there we're rumors that rich
body Of ore had been struck. Every
one was wild to know in what mine
the find had been made. The secret
was well kent, and IL wasn't until the
whole market had advanced several
dollar . share that it was known good
paying ore had been struck in Consol-
dated Virginia aud California, one of
the richest of the old bonauxas. The
stock jumped % $40. and then adj
vanced by bounds 10 S31. and finally
/ climbed up to $50. In October divi.
dend of 10 cents share was paid, and
a. the mine has over 2i6 0o1 shares,
this represented $l0s coo ophir SYM
pathized with it and went mp TO $50.
and most OF the other stocks felt the
boom. People became 50 crazy over
the fact that dividends were once
more paid from the Comstock that
they ought wildcat" stocks. which
had recentlv quoted at 10 cent or Is
cents, for 81 and s. per share. The
craze was assisted by the fact that
! nearly all the brokers had shortened"
the market when the stock was down.
and were now compelled TO buy in
order to escape greater loss,
SAVING far BROKERS.
Mackay and young Jim Flood en-.
gineered the deal. and they pushed up
Consolidated Virginia 10 s57. Tbs
brokers we're SO badly craE4ped that il
looked as though the whole ri Pine
street would be bankrupt. They coulu
not get the stock. and young Flood
swore a royal oath that he wOul
shove Consolidated Virginia up q
500. So the frightened brokers tele
graphed to old Flood, Who was in New
York. telling him how they were tixet
and begging him 20 come back anC
stop tue deal. Flood hurried home
| nut NttNiN ltAisArN Etft ANHNiN !
dozen brokers had failed. lie called
halt, the exchange was closed for tire,
days. ostenSiby to allow the broker
to adjust their accounts, and the dea
was broken. Consolidated Virgins
slipped back rapidly 10 $50 where j
remained for several months Tn,
most pathetic feature OF this deal va,
the hard lack OF the "Mudhens.
Many OF them h.ll stock which, at thi
highest figures, wouil have bro lgh
them 5000 Most OF the broker
who dill hu ines With the womei
failed. and when their accounts yer,
examined it wa found that they ha,
used all their clients stock & sav,
them selves. So mo 81 these womei
who hal actually possesses a fert4u'
hy right oI lucgy speculation, founs
themselves reduced o. a beggaill
proAt. as the brokers uidnt pay owe
80 cents on the dollar.
AN ouTrUr az SIX MILLIONS
| Since this new body Of ore va
struck ia Consolidated Virginia tvs
wears ago the mine has ieldei 81 $50.
90. oi which s. $1,000 has been Ia
gold aud the balance In silver lea Div
tideudS there have -ecn paid 81 pa 600
and the August dividend vii fetch
this sum atove rdauG 5000 0tl
Nine dO.lars IN diviaeuds have beer
ptid on each salFc ui II, vet tai
took to-day . selling lor - 50, al
though there is coot assurances TIA
the diyigendS vii .a,g Ter II year or -
longer. Good ofe bodies haye bccl
folud also In tie following mine
Confidence. i4le & Nufero.s. Savaee
Chollar- 20 osi. = lchcr aud ComNiur
wealth. The strike In Confidence va
| - rich and the mine has - ice share
lfouly 25,oQ8} that the stock Weui IA
frum s. To $50 inside os a month. 4
dividend OF - share was declared
/ but this couldn't save il irom -
bears who bcat IL back TO SO ID
game among the owners sas &
ell oar AZ so and thea hly B
again, bat al this they haven I bcci
successful. "a the holders fC,Gre q
sell. Their regular diviaeua~ 81 )
have been paid, bat Il = a uoinnou
Tact that with the siChuess a. t0e OF
this Giyi leEad C1tld easily Is Wade
fip,tead % s. The mining manage
I nent pc keis tiis difference. aEd N
uckboldrF has 10 IecoaT-e. Haze
NucrusS J. another mine ih-t Ia
lately begun ttaA Jog diVl3eads OF ,
ceats per share Ine Stscs q va
now at s. - share. although 4. a
recrntlv selling Tor lwlce ;h&t amount
The worst ct>e II tAas ~ Cholar
patoNi. two nfiga6ugiAe mines d