The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-11
ALL ARE JOINING IN
NO ONE Has ESCAPED THE MINING
SPECULATION CRAZE AT DENVER.


few Dollars-This Usually Results In
Sending Some stock up High. When it is
Left Alone aud Another Stock Taken mp
and Doomed Until it Gets out of Reach
Stock Market is Firm and None Losing
Denver, Colo, Dec 10.-Sales Of stock
N the mining exchanges increase daily.
Cripple Creek is the fad. II the rage
Tor speculation is not already epidemic,
1t will be so before the new year. 40
rlass Of society. no trade or calling is
exempt Bankers and motormen, kitch-
en- girls and society leaders all take a
flyer at Cripple Creek stocks. The min
Ing exchange. organized maybe last
night, sells 200, 900 shares today. The
Kaffir craze has been brought across
The wa ter. Tt passed New York, Cfhica-
90 and other moneyed centers TO settle
in Colorado. From Indications. tele-
grams, letters of inquiry and the ap-
pearance Of agents, II is safe to say
that the mania viii make its way east
ward in the palace cars. The heaviest
buyers are the small investors. They
give from SO to 800 10 their brokers
with instructions TO buy cheap stocks.
The dividend paying securities OF those
that promise returns are not faVor1tes.
II costs zoo much to play at the nigh
priced game The company offering
stocks from s. to S15 per 900 shares is
the popular gamble.
SOMETHING CHEAPER WANTED.
IT IS the favorite for two or three
days. maybe week, but the great de-
mand sends the price up 10 a point
xx-1a. fol off t.
enough that the exchanges as rule re-
quire as the condition precedent 70 the
listing of stock the exhibition Of a
clear little 10 the properties upon which
the securities are issued Otherwise
anything with Cripple Creek attached
10 rs title would find ready buyers.
Il & quite within the figures TO say
that a dozen mining corporations are
organized daily. Eleven OF these may
never sink a shaft or drive a tunnel,
and the twelfth may be the Doctor"
nine Of next year. None Of them VIII
find difficulty in selling stock Few Of
the securities, real OF chin eTical. have
gone down TO any marked exthnt after
once being listed. The general feature
Of the market is f1rmness. 1t Is assum-
ed 10y tina purchasers that nothing in
thu Cripple Creek district can prove a
failure. II is Opined by the brokers who
speculate that the stocks will show an
upward movement for the next six
months at least. They viii reach their
height within that period. and those
whose value has been demonstra ted
VIII be retained as investments.
As for the ninety and nine others of
every hundred. the last purchaser will
doubtless be the wisest, but not the
wea .tlaiest
The speculation is not Of the kind
known as option trading" Each pur-
chaser receives mis- certificate direct
The aggregate sales on the six or eight
boards on which Cripple Creeks stocks
ara the principal objects of barter in
crease with each days calls Just now
the grand total will reach 6 600. 900 shar-
es daily. If the sales were bona fide the |
money represented in the deals would |
range from $500 900 to $3.50 coo for each
days trading. a : a cheap or high-price |
stock might be the favorite 1t is q |
certainty that many of the heavy deals |
heavy in point Of shares sOld-are EAR |
engagements ''put-up jobs" or what
ever You may choose TO call them. for
The purpose Of giving a particular stock |
a standing and a vogue
BOOM At COTTONWOOD.
Denver, Colo, Dec. 10.-The excite |
merit over the Cottonwood gold fields
reached a higher point yesterday than |
al any time since the prospecting in the |
district began Over /. goo gold hunters |
swarmed on the hills and peered along
the cliffs in search Of convenient spots |
% drive stakes and effect mineral ioca- |
lions The crowd came from Denver, !
Idaho Springs, Central City. Fort Col
Inns and ranches along the mountains
Three car loads Of prospectOrs Travelled |
- -la E~ar,a 20 i,- eYs,,,, j, - 81 |
and all the mountain roads and trails |
leading into the district furnished |
means Of access 10 the region As there /
Is no accommodation whatever for per-
sons desiring 10 stay over night the /
tourists retired from their la'bors as
evening approached, many of them 10 1
return agsinToday.
Secretary Thomas Tonge Of the Man
exchange was one Of the
heavy weight prospectors on the
grounds Mr.. Tonge was accompanied
by 'his wife who 1rudged braveIy for
miles over the rugged country under 1
the direction and care Of her husband
II was estimated that several hundred
claims were staked off during the day
Many contracts were made for inne- |
date work and the indioations ara that |
the region Of the Cottonwood viii be
punctured with holes before the close
NJ the week. The contract was signed
by a Central CITY miner 10 dig eight |
holes tlle average depth 10 be ten feet.
The consideration is 500 One claim I
which has been chriStened the Thanks
giving" is already under bond aud |
lease Tor $1,000 and having ten days
IN which 10 buy the property. The or
iginal located was the gloomiest man
In the assemblage yesterday
PLATED A TOWN.
J. Z. Du Bois. formerly county clerk
~ Larimer county. has located a town
site near Cottonwood station and lun-
oer for a hotel. lodging house and eat
Ing house has been ordered. The town
sfte occupies twenty acres and * To-
Gated as placer claim. Assays were
yesterday ranging from n trace
- gold up TO thousands Of dollars u
-he ton. one Denver man saws he had
Z 'hafw dozen assays made. from rock
picked up on the surface. the returns
showing value Of sI2 % sl2o - the ton.
The assertion caused miners q Clear
Creek and Giipin 10 stake their heads
They couldn't understand how 50 much !
value renpa inAd undiscovered 50 long
A. the 0sHlroad station great excite
ner1t vas occasioned in the crowd wait
1g Tor The train - return 70 Denver.
oy a neT1larksole specimen o. telluTium
Hhhoh was roasted in the fire ~ the
station The specimen came from
edge locscei within half a mile % she
lepct and was pronounced by old pros
'ec'ors % range Al least $50 coo % the
on. A fragment Il The teIluriu-n was
brought 20 the city by tire finder \
sauLhier, an old TINE r>assdent Of Den
-er. 1t was sen by a hummer ~ min
~ men last night and was declared %
- SURE enough teilur5uu wlch po<S.oi-