Show MINING speculation notwithstanding the many cau lions which wore published in the new york press and elsewhere some time ago new york has been made the centre of speculation in gold and silver mining shares this condition of things appears nt the very first glance to be very unnatural new york although the greatest money and stock market in the united slate is so lar removed from the regions in which the great gold and silver mines are situated that the parties who invest their money in such speculations cun only with very great if at all obtain reliable concerning the mining in which they arc to our eyes sn francisco would have ap feared a far more proper place for alie focusing of all tho money side of the vat mining interests inte of the coast and the blocky mountains even silt lake city in u measure the geographical center of th most abundant mineral regions in and beyond the great bain might present some go id claims in the central market for the financial connected with the bit it does not seem to have been in the intention of the originators of th great gold and silver mining exchange to locale their market eliere it might best fulfill its legitimate purposes there are some very illegitimate interests connected with mining particularly with mining shares and for their benefit new york is just the providential place there in the tar off east thousands of miles from the actual mining regions it will be easy for unscrupulous sharks to issue naming prospectus and descriptions with fabulously high essays assays of tho enormous wealth of tile new strike and thus to gull some of choie numerous parties who desire to become rich by tho turning of a few bits of paper A refutation of such deceptive reports is never to te expected before quite few gullible persons have been taken in with the great mass of american capital which is continually on the lookout for lucrative and sure investment it is not to be supposed that prospectors who leave discovered really valuable claims will have to sell their shares far away from the ore body and at such discount a is the rule in the wild cat mining speculation born with flourish of trumpets and buried in silence at the new york exchange if shares calling for are told fori every reasonable person is ready enough lo 10 see that the chances o lose this one dollar also must be bwy great in reality most of these enterprises rest on deceptive bais or are o hopelessly involved that every dollar of capital invested therein is literally thrown away from a new york exchange we learn that there are in the mining exchanges of that city the shares of 96 companies but while ake nominal value of their capital amounts to the real market value is no higher according to latell quotations than or about per cent this does not look as if there were much silver and gold in the mines whose golconda like wealth i depicted to the gullible Gothar oites in the most glowing colors but whenever by a fortunate cliance any one of theae companies has struck a genuine bonanza which brings the then the stock is at once watered these circumstances unmistakably the fraudulent and dangerous char acter of thice papers the tempha lion for fraud and speculation in tuck shares is very great one of the first things to set such an undertaking auzat is to obtain a few good names of sound ring among the public as principal stockholders or directors a waa recently attempted with gen grant then tho ore is examined and by all professors available and an estimator est imato of the total value of the property is published the title for the claim is indisputable but still in spite of all these brilliant advantages and the most tempt ing prospects for the future the shares arc sold at an incredible discount while this very discount ought to deter thinking people from any investment whatever it is on the contrary an imitable imi tible incitement with a large claw of people who wih to try once and make their fortune in mining speculation they have beard lfeo many who made large fortunes at the exchange in a short time aliey have read of the groat wealth which it daily obtained in hie mining regions and it appear to them an easy baak to mike thousands dollars with just BO many hundred but while the adept who spec ulolo with euch charet operate with hem by the well known eg of bearing and bulling ond are thu able to kucero ome bonci out of the almost dry lemon in tho duapo of margins the lamb hold hia atharea in the box waiting for the day on which they will reach the market value anticipated by him hut to ilia terror the outsider ou lias to suffer he painful disappointment that hia bares after a hort time of jiing at once sink sink until aliey collapse ilk on th u of doroti aby rl alby by brik to alitt ie rian |