The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1909-06-24


BE COURACEOUS---BE NOT DlSMAYED
To those willing to look on the bright side of affairs there is
ample for rejoicing in the Occur Aene district lnel
time when opportunities TO make oneS
with minimum of risk within grasp The average
person oveos the fact that foot OF development
done additional value for the property If it has any vae
at ALL And for the last few years properties mere nave
working day and night without cessation gradually getting to the
point commercial may be reasonably expected nou
ans of dollars have been expended each of number OF most
promising prospects and yet in cases the stocks are seg
lower than they II these STOCKS are WORM
anything all inrnsicay they valuable tnan ney
before this years work DONE 1t true that nct
tous prices forced by speculation few years ago YET ha
should them of all value People who have ned on
for 10 months during the prolonged period Of depression are DONG
themselves gross injustice by dspong Of their holdings
on the eve revival There liable be sharp upturn IN
the market day. Many stocks quoted at rdlcuosy low p
purchasabe extent at the quotations current
only requires 1000 shares make quotation in Spokane IN
many the purchase of 10000 to shares would put p
double treble the listed prices lot OF people
blame brokers for this condition They have nothing to 40
with it. As matter of fact higher prices would be OF great ben
eft the brokerage fraternity for the public cannot be beguled
into buying inactive dropping stock sharp advance IN
issue brings buying orders and makes money tor
Tmd holders stocks who forcing small lots on the market
fast little faster than the market can absorb them are
responsible for depressed prices.
Conditions are not always they appear There some
stocks daily quoted at low prices which will probably advance IN
the few weeks astonishing rate and the people who
shun these issues will be falling another oby them
advances Of SO 100 cent The theory that they follow Isl
IF other people anxious buy this stock at these prices why
should I The people who make in La Sale street. IN
Wall any of the great mas of the world discount
the future When event of Importance is pending they Duy or
sell impending event liable to advance depress prices
But in mining it be different The great majority hold
off until looked for has been accomplished then all want
to buy sell with the inevitable consequence that stocks
go up down almost phenomenal rate When mining
company nearing the ledge there two or no
When stock is selling at few cents share there is little RISK
in specuatng on the existence body while there is
mendous risk selling short There is little hope for gain in the
event Of lack of while there chance Of becoming wealthy
from comparatively small investment if high grade ore en-
cnered This condition exists today in the Reindeer company
Months advised the purchase Reindeer stock around
cents We before the vein encountered buyers
make handsome profit number of people accepted
judgment this and bought stock When advanced they wrote
and thanked for putting them right We not given to
ing out advice promscuousy dangerous habit but felt
absolutely this particular We feel equally justified
now in again urging the purchase Of Reindeer prevailing prices
Some has already been encountered and indications all point
to substantial deposit of valuable mineral The stock
Is cents may go so may S. share depend
the showing and the demand for shares Seven cents
share not much risk with such possibilities in sight and with
such short wait determine the result Quick action is what
all people of speculative turn desire and here it surely is in its
most aggravated condition.
Another stock that pretty we'll cleaned off the market
Hypoheek This has been steadily absorbed by responsible peo
pie for months and the ledge close at hand pecpta
advance may result shown This OF the
oldest properties in hisdsc has been denounced and di
cued by many through all Octave Quay its president
manager has pesevered He has interested influential people
AMI property we'll dedeoped If Of commercial value
encountered his triumph while long deferred will be complete
The strike reported last week the Tamarack Ches
apea only another proof that the property mine beyonc
peradvenre The West Heca developing property
adjoining the Anchor which has exposed good and driving
for the lead almost into the vein and day
may bring Of important discovery depth su
Gent to give large Of stopping ground The Black Bear
Fraction strike commented on last week