The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-05
BOOM IN COLORADO.


Readers Of the dispatches in the
Eagle daily are aware that something
akin to a boom is now in progress in
Cripple Greek.
reaching the Eagle indicates a fever
of excitement in the vicinity, which
the Denver papers do not fail to fan.
The principal concern in Colorado has
have not been listed in eastern mar
kets. This howl will now quickly
disSipate, as yesterdays dispatches
show that Mining Exchange is TO be
opened in New York soon. already
more applications for membership be-
ing in the hands of the committee than
they can accommodate.
Primarily, of course, the Colorado
mining excitement began with the
wild reign of KaffirS in London. We
are closely enough allied with Britain
to take feverish interest in specula-
ton and 1T has taken only a short time
this country and Colorado, pregnant
with rare metals, of course, takes the
lead.
While the new Mining Exchange in
New York is not yet opened there is
great interest on Wall street in regard
10 the mining boom.
The bulk of the trading during last
week, in New York, both on the Stock
and Consolidated Exchanges, has been
carried on in Phoenix, Arizona and
Enterprise, although on the latter
board stocks like American Flag,
Horn Silver, Barcelona, Alice, Lead
vile, Small Hopes, Sierra Nevada,
Standard, Yellow Jacket and Hale
and NorcrosS have occupied a more or
less relatively conspicuous position in
the dealings and all have attained
slightly higher prices, the maximum
Improvement amounting to 20 cents
per share in Hale and Norcross.
The low figures at which all these
shares have been for long time past
and are now quoted calls to mind the
wild fluctuations through which the
shares alluded to. and for that matter
all other mining stocks. have passed
in years gone by. On the last boom"
which occurred in mining stocks in
this country, and extended over a
period reaching from the early EOS
till about 1881, when people of all
classes became involved with more or
less disastrous results. many Of the
stocks above mentioned sold at figures
so high as TO appear at the present day
almost marvellous, and yet in many
cases the rise was started from figures
almost as low as those now current.
For example. Eureka Consolidated.
now quoted at about 10 cents per
share. in 1872 sold as high as $3.50
per share, while Hale and Norcross.
at present selling at $50. in the same
year was up 10 S612.5O. II was when
these abnormally high figures were
reached. during the excitement attend
ant upon the memorable deal in the
''ComstockS." that the market value
of thirteen stocks IN the Comstock
lode alone increased considerably over
So. 100000. This was in 1870. after
which there was some depreciation in
values. only 10 be followed IN 1874 by
another and greater upheaval. when
the stocks referred TO had a quotable
market value Of S166. -, 600, repre-
sentins an increase Of about SI6i.JOo.-
900 within four years. Today these
same thirteen stocks have q total mar
ket value Of scarcely 100000. Many
other Instances OF the astounding fiuc-
Cuations which this country has wit
messed in mining share value might
o. cited. but none, perhaps would
serve as a more striking illustration
The boon" n "CoEnstocks" had
scarcely eliminated when another and