The Portland daily press., 1895-11-28
CRIPPLE CREEKS CRAZE.
Denver Capital Eager to Secure
Property There.

Orders for Stock Coming from Everywhere
One Company Proposes to Issue 500,
100000 Shares of Stock-English Money
Wants to Invest in Colorado-Col
Woodford Will Take a Good Report te
London-He Thinks Prospects Are
Good.
| Denver, November 81. = Denver
capitalists are tumbling over each other
in effort to get possession OF property III
Cripple Creek. The record of last week
will be eclipsed this week by the knumber
of new companies to be Incorporated.
Treasury stock in companies having
claims miles away from Cripple Greek is
now offered on private sale. The num-
Der Of opportunities to get in on the
ground floor cannot be counted
Secretary Parsons of the Denver Mining
Exchange receives inquiries every day
from Eastern brokers who want to
establish connections with Colorado
brokers. He is also flooded with inquiries
about stocks that are safe to purchase
These inquiries he turns over to brokers
who have stocks to sell or mining letters
and circulars to send out
A oonsiderabl quantity of cheap stocks
were unloaded today on the Exchanges
here, at Cripple Greek and Colorado
Springs by holders who had purchased
some weeks ago and were content to
make slight margin of profit.
The better grade OF stocks is receiving
more attention, and the price of such
stocks is advanci ng; trading is still lively
in new stocks that sell below two cents,
while blocks of stocks that are put on
the market by ne " companies find ready
purchasers at pric eS under $40 q thousand.
A Cripple Creek brokerage firm yester-
three gold mines No limit as to price
was fixed, and the brokers are now
A broker of the Now York Exchange
has written to fri,a nd in Cripple Creek
to stock some good properties as quickly
as possible and get them on the New
York Board without delay.
In that letter he sa i'd that unless he
was much mistaken New York would be
moro excited over Cripple Greek stocks
than the people of Co dorado are.
Chicago is sending here a great many
orders for stocks in 81 rme of the more
promising gold companies. Brokers are
receiving many orders from the interior
towns OF Indiana and Ohio, where d live
ly interest is manifest ed in Cripple Creek
stocks
The biggest stock mining scheme of the
year was Incorporated this week. The
capital is placed at $780, 600, 900, par value
ST.. 1t is a combination of Cripple Greek
and Wyoming investors.
The company owns fifteen patented
towns in Cripple Greek and the mineral
right to fifteen acres OF the Hayden
placer. That means that 1t can operate
all under surface mining veins to be dis
covered on the property.
Part of the ground lies along Carbo-
nate Hill, near two properties that have
shown en- indication OF mineral value.
The companies put 2, 600, 600 shares in the
treasury with 5000 In cash and will con-
tinue to purchase good mining claims as
treasury warrants. This company will
list its stock in Colorado and in New
York il possible.
The Mountain Beauty company, recent
~ organized, Is selling large blocks of its
stock in Paris This is an adverse on the
Creek company, but the directors Of the
Mountain Beauty feel so confident that
they will be able to knock it out that on
advice of their attorney they are going
on as though the title was unolouded.
On the other hand DIR. Latiman of the
Wilson Creak company insists that the
al verse of the Denver and Buena Vista
No. will hold good.
NJ. Dep. Glidden, registering from
Blu tie, Mon, arrived in Denver yesterday
and left for Cripple Creek. Mr.. Glidden
is connected with the Approved Invest
ment company of London, England. and
after investigating Cripple Creek will
sail for the other side on December 4.
Mr.. Gliiden says English money wants
to invest in Colorado.
"Euglishmen," he says, "have been SO
badly bitten over here that they cannot
be blamed for being cautious in their in
from Mr.. LabOuchere, editor of Truth,
four bonds isstled by Mr.. Taylor. the de-
faulting treasurer of South Dakota.
MN Labouchere wanted me to investi-
gate them. One issue, he estimated, had
been sold in England to the extent of
$50, 00O. All four were frauds. One was
issued In the name Of a county in Me-
braska which does not exist. -
Col. Ethelbert q. Woodford, mining
engineer who has long been in the South
African fields. has opened an Office in
Denver. Today, after returning from
Cripple Greek he said:
II expected to be surprised when I
reached Cripple Creek and Victor, but 1
was more than surprised. I am free to
say that consider Cripple Creek close
rival of the great Transvaal district in
South Africa, and I feel that 1 am
capable Of judging.
II think we'll enough of the district OF
report most favorably upon it, and shall
leave Denver on Friday or Saturday eve
ming, and will be in London in less than
two weeks.
Still Fighting