The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1909-08-26
THE EVENTS OF THE WEEK

Il difficult to account for the continued duness in stocks OF
mining companies There certainly every ]ustncaon III
sharp advance we believe that apt to occur az any ne
OF course there are people who exeng every nnuence
to depress prices No better knows the values OF
than those who are working for lower price scale anu the
reasons are apparent is not unnatural that people sou
desire to purchase at the lowest possible and there no
way to buy line of Of the socaed active STOCKS AZ tue
time except picking the floating supply at the
time creating appearance OF weakness influence tu
ers to SELL There is hardly stock the list today that wouo
not respond to the advance Of few cents snare II
buying order from 900 shares were placed IN he
hands broker for execution The public IS lar from
the actual conditions For 8 months or more weak
holders have been dropping and stocks have been gradually
getting into stronger hands, These holders are not
chance to scalp the take small profits on quick
turn They able hold for an indefinite time ana
nro6ts commemorate Herewith Soon they will be enabled to
get from 10 % share for stocks that cost them one 10
five cents This all right but the unfortunate part OF the pro-
grame that the people who will be most eager 70 pay te
high prices are who frightened out at the low water
mark
For months The Miner has been passing warning to holders
of mining shares to hold We continue the same advc
The advance may this month IN september Out
it assuredy coming and the longer it deferred the greater
it will be when does finally We have constantly ponteu
out the susceptibility of the market little good news IN any
one stock starts syward So far the remainder OF the list
failed greatly affected by these sudden advances Win the
su that the advance maintained but good news con-
tnues to come of different properties the pubic VIII
suddenly realization Of the opportunities and then there
will no possibility of holding prices down. We will have repi-
ttion conditions few only in more
Stocks that going begging now Will be sought aer
at fancy and fictitious prices fortunes will be made IN the
and many hard working will purchase
EXPENSIVE experience From this must not be inferred that
are working against opposed to an advance Far from IT, we
are firmly Of the belief that almost all mining stocks publicly
quoted are selling below their intrinsic value but we DO main
tain that the speculation which regard as certain Will
carry almost all shares price far Of their actual val
The news this week again of most encouraging nature
The theory of the fault in the Snow Storm mine has bee al
least partially dsproved few days the fault line was pas
sed the Number tunnel and encountered 1t OF 10"
Grade but the point has not yet been reached where ore was
ecte and the existence Of all at that level adds millions
Of dollars to the value Of that property and will no doubt have
effect the shares and incidentally have bearing OF
the remainder the market in which Snow Storm recognized
leader.
The projected railroad in the Saase section which vii
ve number Of new mines shipping facilities Of the mos
important i has ever been 70 our power " give