The Topeka state journal., 1899-02-01
ISABELLA CRAZE
Forces the Colorado Springs
Mining Exchange to Close.

Colorado Springs, Colo, Feb. mo
call was held on the Colorado Springs
Mining Exchange today, business being
suspended for a day to allow the clear
ing house to catch up with its work.
Notwithstanding the splendid organic
alton of the clearing house the employ
ment of all the extra men obtainable
for this kind of work and all night
work, the enormous sales on the ex-
change have thrown the clearing house
two days behind.
The volume of business now being
transacted here is unprecedented. Ex
citement runs high, and the present
year gives promise of being the most
notable in the history of the Cripple
Creek gold camp
The sales each day this week have
amounted to about 100000 shares.
Late advices from the Isabella prop
erty fully confirm all Of the reports
sent out concerning the marvellous rich
ness of the ore.
Yesterday was the widest, the long
est, the most sensational day ever seen
on the exchange here.
More than two and one-quarter mil
lion shares changed hands. The brokers
in the inner circle jostled each other
and shrieked at the tops of their voices
for seven solid hours, and the largest
crowd of spectators on gecord pushed
and crowded and made room for brok-
ers and messenger boys in the space
outside the railing.
Isabella was the great sensation or
the day, but there were lesser ones,
satellites as it were, around the cause
of all the commot1on and excitement.
The gallery was crowded, too, with spec
tators, most of them women, women
who did not hold their hands to their
ears and appear amused at the babel
of yells that came from below, but in
whose ewes shOne the consciousness
that their savings large or small hung
in the balance and there was the chance
of a great fortune in those hopefully
invested dollars if only the market
kept going the right way. Fully 600
people were in the exchange room
throughout the long call, but they were
not the same 600 all the time. People
kept going and coming, surging back
and forth, dropping in to see how the
stocks were selling in moments snatch
ed from their work.
SENSATIONAL ADVANCE
Isabella climbed nearer the sky than
ever before. $3.50 being the highest point
reached. The lowest point was 81. SO.
The stock opened at $1.5o and closed at
shares, as indicated by the variations
in the opening quotations Saturday
morning and the closing quotations yes
terday, is 81, $50, 900. At this rate the
buying public is placing a high value
on the ore that was encountered in the
ninth level of the Lee Friday afternoon,
but there are many who say that the
stock will go even higher. and that
there is no doubt in the world that it
will touch $3 before the sensation
abates.
DOUBLED IN TWO DAYS.
Denver, Col.,- Feb. 1.-The recent discov-
cry of wonderfully rich ore in the proper
ty of the Isabella Gold Mining company
at Cripple Creek has caused the greatest
excitement the mining stock exchanges of
this city, Colorado Springs and Cripple
Creek have seen for number of years.
The stock of this company, which six
weeks ago was quoted at q cents share,
sold on the exchanges Monday at $50,
having Jumped from 80 cents in two days.
Yesterday signs of a reaction were ap-
parent when the exchange opened. The
noon the panic began There ware many