The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-03-12
STOCKS SA)U 4 DECLINE.
SLIGHT DROP ALL ALONG THE LINE
IN REPVBLIC PROPERTIES.
Nevertheless Buying C0nttnue1
Idvely-Holdinxs In the Republic
Mine Hard TO Get Because Of Re-
ported Sale-Many Companies.

Special Dispatch 10 the Post-Inteiageneer.
SPOKANE. March 1.-The telephone line
70 Republic has been down al. day today.
due 10 a heavy snow storm the tai end
Of which reached Spokane about o'clock
tonight. when about three inches Of heavy
Wet Snow fell IA an hour. AS a result OF
ali communication being cut sd. nothing
has been heard fran Republic since yssEsr-
day
The feature OF the local m:fanS stock
rzsarke. for the latter part Of this week
just past has been furnished by the Re-
public mine. In consequence Of the re-
port that the mine was about 70 be trans
ferred 20 Toronto syndicate al a prise
said TO be equal % E.5e per share. this
stock has been eagerly sought after until
about al this stock has vanished from the
market. Bids Of s.. Is were freely made to-
day with 10 offers.
With this one exception. the local stock
market for the past week has shown a
slight drop all along the line. but On the
other hand buying orders both from home
and outside points have been far more live
ly than the previous weak. Princess Maud,
Butte and Boston and several Of the best
known stocks have continued their down
ward course. II Is evident. however, from
the condition OF the market that the bot
tom is nearly reached, and the movement
Of prices must soon start in the other d.
rection.
Princess Maud is quoted this morning at
81 and 10 cents, with demand far weak
er than this time last week. The quota
ton for Butte and Boston is practically the
same. being little weaker. IL anything.
Flag Hill is lively on the strength OF the
recent strikes. being quoted At ). with some
10 be had at Az. For the same reason
North San Poll is strong at 10. Lone Pine
continues strong at IS. This stock huctu-
ates little. but when IL does move it's pro-
gress Is upward.
Even in the Tom Thumb end OF Republic
camp the stock market seems 10 be of.
The forthcoming issue Of $4,000 additional
shares OF stock in this company Is doing
much TO weaken the market. The treasury
stock on the Tom Thumb Giant, which Is
supposed TO have the north extension OF
the Tenn Thumb ledge, is reported as sell
ing rapidly
The formation OF new flotations continues
with undated vigor, no less than twelve
interpretations being fled with the county
auditor this week. nearly all OF them be-
ing formed TO operate Republic properties.
In spite Of the temporary duiiness in the
market there is no difficulty whatever In
floating these companies. ii rarely requiring
over one day 10 place all the stock offered.
Deer Trail No. 2, the high grade silver
mine al Cedar Canyon. declared its rsgu-
lar monthly dividend of $3.50.
II is noticeable fact that outside Of a
small eoterie OF mining promoters. the To-
cal mining men and brokers do not take
kindly or place much faith in the Buffalo
Hump district. II is generally characterized
as snow camp" or. in other words. its
immense hedges of rich ore viii materially
decrease In size and richness with the dis
appearance Of the snow in the spring.