The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-05-12
GENERAL TONE is IMPROVING

The general tone in the mining industry has shown marked
improvement the past week. The most gratifying sign has
een the increasing demand for Imperial shares at steadily adj
vancing prices Two months ago small sales made at 2
cents There only seller in the market This
Of the original ocatos who sold little from time to time as he
needed money from lack Of faith but because OF neces
sy He large block and able to retain very consd
cradle holding The next sales made about two weeks ago
Is cents and since then small sales have been made at 70
cents 1t would be exceedingly difficult matter to get
considerable anything like reasonable price Prob
ably little could be bought under 25 cents but the stock
strongly held and everybody evnce the utmost confidence in the
property developing into big mine For the past few weeks
gna has been forced through the fwa Of the ledge into the
qartte in the tunnel and showed lead values Of IA
It believed that the ledge will be broken into within
few days and there considerable interest throughout the entire
district in the result Owing conditions at the property ship
ens could within 48 hours after the exposed
in the ledge The tunnel in about $3.50 feet and the orig
na estimate 20 feet and this the length Of the tunnel
contract. ss
# ,s@ 4ssuA-a@sss A. .s 4.
betteeng has also been created by the opening up Of
high grade the Reindeer foot of solid hacopyre
struck the raise from loo0oo level Manager Her
rick the showing is the best that has been made time
Word has also been received that the ledge has been cut in the
lwe tunnel Of the Big Elk mine Satese and that fine
has been exposed Some of thu officials of the company plan
visit the property within the "A hours the result of
which may be known before this weeks issue is published
" ''i NA~k
strike extraordinary richness also reported from Carter
where depth Of 100 feet from specimen returns
aggregatng $4,000 gold and silver said shipments will
from this property the Carter Mining and Milling
company, about June H. As9g@ VISA 1sN f@ rH n
The Wallace open exchange started Monday with good attend
and considerable show interest There between
40 and 30 at the first session and while amount OF trad
ing done there disposition to make quotations which
will be accepted standard Stewart moved above recent
quotations and dealt rs Other issues dealt in
Bullion and Wonder Theirs demand for Jack Waite
the Murray bonanza 60 and the lowest offer made
Imperial the opening day rs There many the
call who had probably taken such meeting before
and many of them showed certain Of dRdence about
being heard FROM which will noubtedy pass away with fam
arity and result in considerable trading NJ f8 &B @W
The visit Of body of influential capitalists from Colorado and
California with expert placer Murray last week. has
caused little stir in the district The holdings of the
Occur dAene Placer Prchard Creek the obec
tive point of interest and while the for the visit
result has not been made known is believed that will have
considerable bearing the future activity Of that section Of
district. ~ sss1s}sAsss !
Murray has had such bright prospect this time
New capital being brought in and much work undertaken
which has created enthusiasm among the residents and brought
that degree of confidence at home which the prime requisite
carrying to success both large and small projects
Mulan fees Unused the outlook for this summer The
Stevens Peak section will be unusually active Arrangements
being made for operating properties which have been idle
work aiming do far than the legal requirements in