The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-04-21
CONDITIONS IN THE cOEUR D'ALENEs.


Despite the depressing effect of gradually declining prices
the market for shares of good mining properties activity
the industry is unmpared There ample for congrau
aon on the conditions existing throughout the entire Occur
d'Alene district.
word in passing regarding the stock market may be
Of place There evidence the strongest kind Of manipulation
in various issues Snow Storm has declined steadily from
share below $0 There have been few sales the public
showing marked dncnaon to have anything do with the
stock 1t has been quietly passed around that of the control
ling dsposng of holdings but that has aroused no
interest further than disposition wait and if it
There is good in the Snow Storm which being shipped
and in far the public feels that it has been obbed"
this security number of times takes seriously any
more The work the No. tunnel has also led considerable
speculation The combination through with the Snowshoe
had effect and scarcely discussed the public just
Gliding to await developments.
The public also awaiting with interest the outcome of Mis-
soua Copper Within few of the ledge every in
dicaon favorable to exposing the which diamond drills
showed to exist the STOCK which well maintained for months
has taken remarkable drop Whether this legitimate due
to mdity of holders plan shake lot of stock
preliminary to big advance be definitely stated but
the latter theory the nery held those who profess
to know something of the game Whatever the effect
for the time being create market and keep the public
out.
There several other issues which indicate that some one
bringing bear and the combined effect of all tenn
porar kill trading and when activity prices always settle
to lower level.
But to return to actual mining conditions there is nothing in
sight dampen the ador of prospecor and operator We have
maintained that mining being done along
economical lines since the panic of 1907 put stop the influx of
easy money for promscuous promotions The proposition made
by the Reindeer company for the of its long tunnel by
Idaho Copper nice illustration of the desire pro-
mote economical development Both companies will profit largely
from the arrangement which, it is foegone conclusion will
accepted The west side of the Reindeer ground will explored
at little expense the company while the Idaho Copper stock
holders will gain depth their ledge with compare
lively little unneng and have the advantage
railroad for getting supplies and shipping we'll avoiding
large providing the equipment necessary such
large undertaking. The attitude of directors the present day
toward their stockholders and toward other companies
happily illustrated in this instance The arrangement was
formally discussed by the directors of both companies before the
formal offer made and at these informal discussions there
was no dckeng attempt either side to take advantage
the other the whole worked the plan
doing what absolutely fair the stockholders both COM
panes and consequently when the finally concluded
and the contract formally there will be no desire
either side to take advantage anywhere that any advantage
has been sought for taken by the other party the contract
and the work will be done by W. H. Herric general
of both companies
Inc Reindeer has fine exposed least one
car OF good ore sacked for shipment 1t will several more
cars ready to the ee road has been built
and the railroad connections installed Bids for building the
road have been received and the will probably be award
ed within few days.
Other combinations consultations and working agreements
being negotiated by directors of various companies and in all
cases reports are that these being carried entire har
oy and desire the of all what fair
Some OF these almost ready for and will be
given to the public at early date Others are only the in.