The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1909-09-23
IMPROVEMENT IN MINING INDUSTRY

There is general improvement noticeable conditions in
the Occur dAenes Merchants report gradual increase in the
volume of business transacted course due greater
activity in the mining industry which every line of business
here is dependent either directly indirectly.
At the present time there number of deals pending for
the purchase lease of prospects and this been noticeaby
lacking for the few years. The general impression held
among well informed is that there will be gradual i'm
during the next six months and that with the arrival
OF spring there will be complete revival similar the pam
days of 1907 Whether this true or not certain it is that
holders OF property have good to feel eted
parts OF the district comes good and there every
believe that properties prospect stage will emerge
into mines before another have often pointed
out development which has been going years some prop
critics. IS now reaching point where the reward of persstency
may be reasonably expected And year by year. the district
grows older the percentage Of producing properties will naturally
increase in proportion lending ze to operations giving
returns to investors which will renvesed where the result has
been satisfactory.
During the past week the Rainbow which we last
week. was showing good has exposed quite body
which, with the silver values will give returns of approximately
O to the ton This property has been looking particularly good
Tor time and have constantly referred in our news
columns commenting the probability of an ore shoot being
opened up The is of nice quality carrying considerable
glance and 6 ounces in silver and the strike should have
able influence in stimulating development through the Osborne
section.
Probably the most important development of the week how
ever general standpoint is the improvement
REINDEER recent crosscut of the ledge showed from
three feet OF high grade which returned assay 6 per
cent on average samples taken it. Beside this there
feet of milling AS the very widely scattered the
effect general sentiment should be quickly money easily
procured for the development of adjacent properties many of
which have been lying idle awaiting developments in the Rein
deer whether would be found depth that section
moi.
Assessments have come pretty steep Reindeer stockholders
in the development This due in large the fact
that the work rapidly done and also part owing the cap
ita being only 1000 900 shares the usual number in this district
being oOO This of course meant that only wohirds
the usual amount realized from The reverse
OF this will be felt when the dividend period reached $780,
O will be sufficient three share in dividends
stead OF two cents share the usual number Of shares
And speaking of dividends stockholders advised that from
Indications dividends not The mine only
mile from the railroad road could be built trflng outlay
Of money and time Shipments very and
obligations have been taken from there
no debt to be paid off before stockholders begin receive
benefit as soon shipments reality The amazing thing
mat with the splendid showing the stock selling around six
rents Some months ago when vein was first cut and only
srnger Of ore the stock went to Now