davidaulloa/AmericanStories huggingface dataset:
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25

A consolidation Of the Success
and Alameda mines is only of in
terest to the public providing it
proves to be real amalgamation OF
the two properties and thus trans
forms two small producers into one
big one. A deal which would
merely result in placing the controll-
ing interest in the Success in the
control of the Alameda as well,
while leaving the two companies
separate entities, would be of no
public utility since it would place
the minority interest in the Alame-
da entirely at the mercy OF the con-
trolling interest in its sister proper
ty, without enabling them to par
ticipate in the dividends earned by
the latter. Holders of Alameda
stock would be no better off, 80 far
as we can see, under such a combi-
nation than they are at present.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
INVESTMENTS

There is a distinct difference be-
tween investment and speculation
The dividing line is however, ir
the case of local mining stocks
rather a fine one for this reason,
that none of them, not even the
best, are entirely lacking in specu.
lative value.
For instance, the Hecla is as
purely an investment stock as any
one could find anywhere; yet who
will say it has not a speculative val
tie as well ? 1t sells around 81; is
worth IS right now on the basis on
which mines throughout the world
are bought and sold; and it may
easily be worth $40 within couple
Of years when the deeper develop
ment of the mine, as now planned,
is accomplished.
Bunker Hill and Sullivan and
Federal Mining 4 Smelling are
both recognized as investment
stocks, yet fortunes have been
doubled and trebled by their appre-
citation in value within the last three
years.
They are probably the only local
stocks with the exception of Sue
cess, Snow Storm and Stewart which
would be classed as investments
since the Hercules is not incorpora-
ted. On the dividing line between
the two classes are: Alameda,
Charles Dickens, Frisco, Hunter,
Idora, Monitor, Nabob, Pittsburg,
Rex, Snowshoe and Tamarack. All
Of them have great speculative val
lie. In some instances the specula-
tive value predominates, in others
the investment value.
So far as we can recall at this
writing no other local stocks can
claim an investment basis for their
price. Their values are based on
their chances Of developing into
mines and their chances are proper
tionately appraised in popular esti-
nation by the relative prices of their
shares.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
THE LOCAL MARKET

You give a great deal of space
in your paper to the local market.
Why don't you tell us more about
the mines p
Thus writes a subscriber to the
Miner who has received, so far as
we know, three issues of the paper.
Had he received more we should be
inclined to think we had been re-
miss in our publication Of mining
news, but in looking carefully over
our files we cannot find any item of
important news that has escaped
our notice and it was again most
forcibly brought to our attention
how large a number of the really
important happenings in the mines
Of this district were first chronicled
in these columns.
Our new subscriber should re-
member that this is the season Of
the year when news from the mines
d necessarily scarcest. Not even in
midwinter are most Of them 50 hard
y reach = they are at present.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
DREDGE PAYS DIVIDEND,
Murray Sum-

The Idaho company, a New Jersey
corporation, operating dredge at
Pierce City, Idaho, has just paid its
first dividend, amounting to $4,000.
Sixty per cent OF the stock is owned
In the east, the balance being held
in Spokane. M. H. Hare of Spokane
Is the principal western stakeholder.
The company is incorporated for
100000.
The company is operating a dred-
ger on the old Pierce townsite and
has already commenced this seasons
work, the dividend paid being for
the most part from ground already
worked.
The corporation is the owner of
321 acres Of land, and it Is figured
that It will require 10 years to
work 1t.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25

This condition Of affairs will be
vastly changed in the next few
weeks, when we anticipate such a
plethora Of news that it will have
to be condensed greatly to ena BILE
us to give even comprehensive
summary. So much for that part
OF his text.
As to our reason for giving 80
much space to a report Of the local
market each week we think our new
subscriber should be the last to
kick. 1t is done primarily in his
interest as nonresident. Our
Wallace readers know of their own
knowledge what transpires in the
local market from day to day, and
the information we print regarding
it does not inform them. Our OBJ
ject is to fully advise, and thus
safeguard, the nonresident inves-
tor. If we have erred at all in this
respect it has rather been that we
have reported only the salient fea-
lures of the market and have omit
ted the details as non-essential to
reasonable comprehension.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
Devin Bonds Osburn Mines,
(SpOkane Chronicle.)

Four claims near Osburn, the An
ma. Anna No. 2, Last Chance and Ma
pie, have been bonded by George A.
Devin Of Wallace and e. W. Conrad
Of Saltese. The price is not given
out, but the owners refused $4,000
for the group not long ago, so the
price, presumably, exceeded that
amount. Boarding and bunk houses,
a blacksmith shop and compressor
plan will be erected at once. Galena
ore averaging $35 a ton was found in
the upper workings some years ago.
John A. Finch once held a bond on
the claims.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
Strobe Invests In Placers.
(Spokane Chronicle. }

It is reported that Jacquish g.
Carlson, a Spokane brokerage firm,
has purchased for A. M. Strobe of
Mullan three-fourths interest in the
Bitter Root Placer, Irrigation G. Pow
er company, which has placer hol =
ings In Ravalli county, Montana. Mr..
Jacquish has gone to the property to
superintend operations.
unlike most mining news which
originates In Spokane this report ap.
pears to be true. Mr.. Strobe has In
formed some Of his Mullan friends to
the same effect. Ed
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
New Hope Company.

The annual shareholders meeting
Of the New Hope company was held
In Wallace on Friday, when the fol-
lowing board of directors was elect
ed: President and Manager, Eugene
Thomas, Osburn; vice president, w.
H. Batting. Wallace; secretary and
treasurer, o. A. DIN; directors in
addition to the above, Harris Huff
and T. 8. Plummer. The company
owns group OF claims on Two Mile
creek, near Osburn, on which bic
ledge of low grade concentrating g.
lena is being developed while the
main crosscut is being extended t.
tap second larger vein.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
PINE CREEK Is RICH.
Highland Chief, Sidney and Nabob
All Report Strikes.
(Wa I'd NOR Mama

(Wardner News
The Pine Creek district is devel-
oping into one OF the richest mining
districts in this vicinity. Several of
the properties there are now showing
up we'll.
Henry Gilbert, one OF the owners
and the manager of the Highland
Chief, and some Of the men working
on the property came into Wardner
Tuesday and reported new strike
in the drift that they have been run
ming on the ledge.
The new shoot of ore struck is
over four feet wide and they had not
yet cut through 1t. This shoot will
run about half crude shipping ore
and half concentrating ore.
The crosscut which is being run
on the Sidney since the recent dis
covery on the surface. has just struck
the ledge and the ore Is showing up
as we'll as anticipated. The owners
are contemplating deal and they
expect some mining men here In
few days to look at the property.
The operators Of the Nabob are
draining the old shaft which was
sunk on the property several years
ago. About 1870 feet Of the water is
now out. and the men have started
for the ore on the level
above. The FIRST few shots uncovered
the ore In as large body and as
rich as that above. When all the
water shall have been taken from the |
shaft the management expects to
start prosecuting northeast for a|
body Of ore which they have on the
surface. !
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
Marie Company Incorporated.

R. B. Howard Of Tekoa, Wash, s.
r., w. M. and w. H. Buell. of Osburn
and A. w. Perley of Spokane are the
incorporators of the Marie Mining
company, limited, which has just
been organized with a capital of ST.
100000, to acquire and work group
Of five claims near Osburn. Consid-
cradle work has been done on the
property at slight depth showing a
40-foot ledge of low grade concen-
trating ore. The lower drift tunnel
will be extended 400 feet to develop
a most promising ore shoot.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25

If H. F. Samuels can induce
those in control Of the Alameda ia
put through a deal giving him the
control Of that property while re-
tanning his individual control of the
Success, without consolidating the
two properties, he will have done
something which has not been par
allelled in the Occur d'Alenes since
Charles Swecny secured the Last
Chance mine at Wardner and laid
the foundation for the present Fed
eral Mining and Smelling company.
In other words he will have made
both money and a record for him
self.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25

The greatest safeguard that the
resident shareholder can have
is full and exact information re-
garding the fluctuations in the price
Of local stocks. He cannot be
fleeced by any shark who poses as a
broker if he knows just what the
people Of Wallace were paying for
the same stock the same day he
bought or sold it.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
Invests in Osburn District.
(Spokane Chronicle. }

r. B. Howard OF Spokane has pnr-
chased one fourth interest III the
Surprise group of five claims on Cs-
burn creek, near Osborn, in thu
Occur d'Alenes. The consideration
has not been made public. The pur-
chase was made from B. E. Stevens
of Wallace.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25

In these days of recrimination
over the failure of the Success Ala
media deal it would be a matter Of
public interest to know who was the
man who gave out the alleged news
of the purchase of the o. X,
Black Hawk and Wyoming mines
of Wardner by F. Augustus Heinze
OF Butte. On the strength Of this
report O. X. stock has advanced
several points in market price. We
know nothing about the alleged 0.
K. deal but do not believe it on gen.
eral principles. We have the word Of
AL. Page of Wardner, one of the big
owners of the Black Hawk-Wyoming
group, that there is nothing to it"
80 far as his mines are concerned.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
LEGAL NOTICES


The Wallace Miner ID authorized
by the laws Of the last session Of
the Idaho legislature to publish all
kinds Of legal notices. The mana.
ger Of the Miner will therefore great.
ly appreciate al such business and
specially requests the patronage Of
mining companies a. he would like
to make . speciality Of advertising
company meetings, notices Of assess
ment and notices Of sale Of delin.
quent stock.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25

Is there man in this town who
would not have bought all the Ala
media stock his financial resources
would permit when he thought it
was going to double in price and
sold it when he thought it was going
to decline =? That was what O. H.
Linn did. He found he was mis-
taken in his belief regarding the
rise, owing to circumstances which
he could not control. Perhaps he
was also mistaken as to its decline.
In any event he backed his own
judgment with his own money. He
asked no sympathy from the public
and is deserving Of no blame 50 far
as we can see.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25

Subscribe sos the WsIIses Miner,
$500 . year.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25
DIVIDEND RECORD OF coEvR .dALENE MINES
COMPANY on NINE

q this Mammoth a. 100000
iGemnin Sis6 Helena d zsoW
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-25

Entered rs second class matter March IA. 1907
at the pOstoiIice ut Wallace, Idaho, under the
Act Of Congress Of March g. 1879.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15
New York Cotton Futures.
Daily Cotton Movement.

Galveston: Easy; mlddling, 10 GIG; net
receipts, 25,027; gross receipts. 25,027; sales,
500 stock, 416,s91 Great Britain, 126i4;
continent 5000; coastwise. 70iS.
New Orleans: Easy; middling, 10 7-16;
net receipts, 23.O15; gross receipts, 2s,o15;
sales, 400; stock, SS1OS4; Great Britain,
$500
Mobile: Easy: middlng 10A; net re-
ceipts 1910; gross receipts. 1910; sales, $685.
stock, So, 1888; coastwise, 152.
Savannah: Quiet; mlddling, 10 Bis net
receipts, 9342; gross receipts. 9342; sales.
1920; stock, 173, 715; continent, 15,463; coast
wise, $50
Charleston: Steady; middling, 10 3-16 net
receipts, 255; gross receipts, 255; sales, 700;
stock, rs: coastwise, 800.
Wilmington: Firm; middlng 10as; net
receipts, 1872; gross receipts, 2379 stock,
1850.
Norfolk: Dull: middling, 10Y. net re-
ceipts 2ST3; gross receipts, 2S7S; sales, sol;
stock, 1858; continent, As; coastwise, 1867.
Baltimore: Nominal; middling, 1875 net
receipts, 775; stock, 912S
New York: Steady; middling, 1910;
gross receipts, 14,235 sales, 1900; stock
1904 Great Britain, 561; France, 24S2;
continent 1920; Japan, 800.
Boston, Steady; mlddling, 1910 net re-
celpts SSs; gross receipts, 2917.
Philadelphia: Quiet; middling, 1875; net
receipts, u; gross receipts u; stock, 1850.
Port Townsend: Net receipts, 1408; gross
receipts, 140s: Great Britain. 140S.
Pensacola: Net receipts, 1915; gross re-
ceipts, 1906; France 1885, continent, H.
35l.
Miscellaneous: Net receipts, 157; gross
receipts, Isl.
Total today at all ports Net. S1975;
Great Britain. 21.113 France, 6S3s; CONT
nent 34191; Japan, S00 stock, 1,292, AS.
Consolidated a all ports; Net. 1895;
Great Britain, So 357; France, "a, 669; conti-
nent 55,S12; Japan, 500.
Total since September ] at all ports
Net, $685. 297; Great Britaing, 2,08l $685.
France GO0,172; continent 1904, s4S; Japan,
1123S3
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15
COTTON MARKET IS
EASIER At CLOSE
Net Decline Was q TO Is
Points
SALES WERE 100000 BALES
Private Wires From the South Re-
ported That Hedsed Cotton Was
Being Offered at Concessions
From Saturdays Price.
SALES WERE 100000 BALES

New York, January 1.-THE cotton mar
ket was moderately active today and
ruled generally easier at the close, at
net decline of 81 to % points. Sales for
the day were estimated at 10000 bales.
The opening was barely steady at dc
cline of to points in response to lower
cables, and the market sold off to pet
decline OF 10 points shortly after the call
as result of the large Houston estimate
for tomorrow. Around this level the mar
ket was steadied by covering and rallied
4 or ) points from the lowest, but eased
off again shortly after midday on reports
that spot cotton was Offering a conces-
sions in the south and reached the lowest
point of the day in the late trading, I'M
der bear pressure, the liquidation and
stop loss orders. The close was at prac-
tically the lowest prices of the day with
the near months only a few points from
the lowest level of the session and some
of the later positions making new low
records. Private wires from the south
reported that hedging cotton was being
offered at concessions from the price OF
Saturday, and according to the official
reports, the markets were unchanged to
A-cent lower. Port receipts today were
considered over the exports.
Receipts at the ports today, s1,525 bales,
against 54,049 last week. and 1865 last
year. For the week, 315.o0O bales. against
27O,SH last week, and 1875, 243 last year.
Today's receipts at New Orleans, 23,O13
bales, against 1908 last year, and at Hous-
ton, 14,54l bales. against 40S7 last year
New York Chiffon Futures
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15
H. g. 3. Beers Cotton Letter to c. H..
Cothran, Manager.

As was TO be expected, the large move
ment Is beginning to weigh heavily upon
the market values again declining about
81 per bale, compared with the close of
last Saturday, which represents shrink
age In prices about II cent or about 81. 50
- bale, since the close of last Wednes-
day, when the market was boosted on the
then urgent demand for spot cotton,
which, to a certain extent. still continues
Liverpool having sold 1900 bales today.
but at prices points lower than Satur-
day. Receipts a all ports today were
81 ,925, last year 10000, year before last
q coo, since Friday 1890, one year ago
az ,0o0, year before last 1900, and estimates
for arrivals tomorrow are large, at Gal
weston and New Orleans combined 1900,
to 1850, compared with 1892 year ago,
all of which pointed to this weeks in
sight, totalling nearly as much, II not
more than last weeks 427,000 against 211,-
coo last year and 1890 two years ago.
If these figures are realized, the excess
in movement since September l over that
of the big crop year Of 1904-05 will have
grown to about $50, 600 bales by next Fri
day Today there was issued an esti-
mate by a prominent New York firm
wherein the probable size of the crop was
placed at about r. $780, 900 bales Therefore,
there was no incentive offered to encour-
age buying of the market. especially as
the English market showed a declining
tendency, futures there suffering loss
of 70 points. On the contrary, develop
ments favored lower market which was
reflected by an easier opening of Ameri-
can markets and the subsequent liquida-
tion of long contracts which made itself
manifest after the first call, north and
south.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15
THE LOCAL MARKETS.

The price of cotton in the Birmingham
spot cotton market declined about i2la
points yesterday. Closing figures showed
a 9l5 cent basis for good middling, this
being Is of a cent lower than the price
offered for cotton on Friday, The gem
eral tone of the market yesterday was
somewhat nervous and receipts were re-
ported light
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15
Naval Stores.

Charleston, January A-Turpentine and
rosin nothing doing.
Savannah, January 14.-Turpentne firm,
6S1ac; sales, 125; receipts, $50; shipments,
1871 Rosin firm; sales, 2iS1; receipts, 2449;
shipments 1893; stock, 1853. Quote: A, b,
C, $40; d. $40; e, &.15; f, 1920; G,
A.25; II, 81. 40; l, 81. 80; X, s5.15; M, $3.50;
n, $6.25; WIG, 1918; WV, 81.
Wilmington, January 14-Spirts turpen-
tine nothing doing; receipts, % casks
Resin firm, $3.50; receipts, 2S0. Tar firm,
81. 40; receipts, $50. Crude turpentne firm,
50. 50, $3.50 and $3.50; receipts, 80
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15
Interior Movement.

Houston: Steady; middling. 10 9-16; net
receipts, 14,541; gross receipts. 14,541 ship
ments 17,513; sales, 1863; stock. 81 ,97S.
Augusta: Quiet; mlddling. 1913; net re-
ceipts, 1446; gross receipts, 1906; ship
ments 1172; sales, 763; stock 47,336.
Memphis: Easy; middling. 10 SIG; net
receipts 2s05; gross receipts. 7722; ship
ments. 9O76: sales. 400; stock, 1850.
St Louis: Quiet; middling. 1917 net re-
ceipts, 900; gross receipts, 1856; shipments,
4756; stock, 29,925
Cincinnati; Net receipts. 1886; gross re-
ceipts, 1896; shipments, 1l9; stock, 1888.
Louisville: Firm middling, 10 11-16.
Total today: Net receipts, 90 42S; gross
receipts 2e,711: shipments, 2,636; sales,
5332: stock 341 1892.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15
pru Goods.

New York, January 1.-THE dry goods
market opened. firm today. Many large
buyers are in from all parts of the coun-
try. Raw silk has declined sharply with
in the past few days. Dress goods are
selling freely for fall. Jobbers and print
ers are selling unusually large quanti-
ties of staple printed goods.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15
Bonds.
Money on Call.

New York. January 14-Money on call
steady, S12a5 per cent; ruling rate, Az
Gle sing bid. offered, 4; time loans easier
sixty and ninety days and six months, i
per cent.
Prime mercantile paper, 6@12 per cent;
sterling exchange firm, with actual bust
ness in bankers bills at 4s5 .15n4S5.20 for
demand and at $4,000 4s065 for sixty-day
bills posted rates, 4S1@4S11a an d4S51s; COM
mercal bills, 4s014 Bar silver, 6Ssa. Mexl-
can dollars, SO. Government bonds steady;
railroad bonds firm.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15
Cotton Seed Oil.

New Orleans, January 14-Cotton seed
oil, prime SOC; crude, 34c
New York, January 14-Cotton seed oil
firm; crude prime, f. o. b. mills, 351edS6c;
do yellow 45c. Petroleum steady. Rosin
firm; strained. common to good, 1880
40 Turpentine quiet.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15
Metal Market,

New Yotk, January 1.-THE London tin
market WIS higher spot. Else: futures,
ESQ los Locally steady. about 10 points
higher on the average with spot quoted
at SAL .15Glf1 80. Copper about 5s higher
abroad; SPOT e10s lis Cd; futures, e1O9 IS.
Locally Continued firm; availa BILE supplies
are said to be sold well ahead. Lake,
s24 5O625 tlectrolytic, s24. 25d24. 50; casting,
S24G24. %. cad unchanged. at f19 lie I'd
in London shade easier Locally with quo
tation ra1ging from ens.25 Spelter I'M
changed h both markets. closing 6.65G
s.7s locally and Ell 15s in London. Iron
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15

Cash quotations were as follows:
Flour-Steady.
Wheat-No. spring. 7sa79c; No. 3, $50
7sc; No. red, 72lsq72esc.
Corn-No. 2. 4O1ac; No. yellow. Ale.
Oats-No. g 3iAc; No. 2 white, 361ac;
No. white; 35d361Rc.
Rye-No. 2, &c..
Barley-Fair to choice mailing, 49d54c.
Flax seed-No. /, s1.131s; No. 1 north
western. s1.201a
Timothy Seed-Prime, $i.3o.
Clover-Contract grades, s14.
Short Ribs Sides-Boxed. 50 .21sd9
Mess Pork-Per barrel, S16.15.
Lard-Per 100 pounds, 80. 40.
Short Clear Sdes-Boxed. 81. 25d9.3l1s.
Wbisky-Basis of high wines, 81 ,29.
On the produce exchange today the but
ter market was easy; creameries, 2od2Sc;
diaries, 19M26c.
Eggs-Steady: at mark cases included,
21d23c: firsts, 23c prime firsts, 4e; ex-
tras, 26c.
Cheese-Steady, 19d14c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15
Live Stock Market.

Chicago, January 14.-Cattle receipts, A.
600; market, 10000 lower. Common to
prime steers. $4d7; cows s.. 1914. 75ls heif-
ers, 50 .60q5; BULLS. 81. 75d45O; calves 81. 7o@
875; stockers and feeders 81 .5044.75.
Hog receipts about $1,000; market DC
lower. Prime heavy shipping SO f1sd6 %;
butcher weights, Sc. 45@65O; packing, s6.25
aG. AN: assorted light, S64Oq6. As; bulk of
sales, "a. 271kd6.471s.
Sheep receipts. about $4,000; market
steady to 10c lower. Sheep. $3a575; year
lings, 81 .6006. 50 lambs, s., 75d7 80
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-15

was lower in the English market; stand
ard foundry COS and Cleveland warrants
Cos 3D. Locally steady and unchanged
No. l foundry northern, $50 .25426.2oi NO.
. foundry northern. $24 75d25.75: No.
foundry southern. $25. 5O@2650; No.
foundry southern. S25M26.