The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-04-28
THE WAITING PERIOD.


The past week has been Of waiting bear raid Mis-
Copper which carried the market price the lowest in
months continuation of the depression in Snow Storm has
had tendency to keep the public out Of the market It is how
Significant that Of the oldmes here who follow the
markets and mining operations closely have been buying quietly
some Of the neglected issues.
TO Offset the decline in prices has the Of the first
dividend Caledonia shares amounting to two cents share and
good from the Imperial which nearing its ledge
port gained circulation Sunday that had been encountered
but this heavy flow Of water started
change noticed in the formation similar that found in the
upper workings when the vein nterected and It believed
that the ledge will be cut with but little more work. The
stock closely held Only holder has been known seller
and his price advanced gradually from 10 cents to 10 1t Is said
small transaction occurred at the latter figure the first Of the
week It certain that but very little could be picked under
Is cents and not great deal at that price. ~ $500
The being made for operating the Mineral Point
property Osborne reaching point where expected
that the deal will be entirely closed shortly and work commenced
Almost all required signatures have been secured and all
the have gned their willingness accept the terms Of
the contract.
The Big Elk Mining company at Adar on the St. Paul
crowding its work with two shifts and has blood the
management H. Barrett assistant general superintendent
of the St. Paul road elected president the annual meeting
held Thursday evening Of last week Hood division
endent Of the road elected to the directorate From
indications the lower tunnel the ledge and will
he cut within the few dayspossby before this reaches the
public Arrangements have been made BY the railroad
pany put in switch and side track the mining
pany is ready ship and the have been made the
actual work will require but few days The buildings OF the
mining company track the portal of the working
tunnel within 200 feet of the track that shipments will
at when the shoot encountered trial ship
men from the upper workings III the fall %
with Of iron that brought treatment bonus Of $
per ton from the smee There several other properties in
the vicinity Of the Big Elk from which is expected shipments
can be made this season.
is believed the Occur dAene country necessarily bene
fit from the census of mines and quares being taken in the
United States Government agents without prejudice will do the
work and the results will be surprising. ~ k&@.g.
People unaware Of Indifferent to- the Importance OF this dis
ict mineral producer and employer Of labor will be awakened
the fact that both items beyond the Imagination ALL
Another matter witch should have tendency interest
in stocks and incidentally development the establishment Of
open exchange in Wallace Ample check will be provided
make party transaction show good faith It ia the
credit Of the brokers' who blamed for almost everything
fortunate that in the handling Of mining securities that
they in the lead in carrying through the premnares which
have reached stage where permanent organization
sud meeting for the purpose Of eecng this will be held
Tuesday Of next week and it is probable the organization win
start in with swing at thereafter It is felt by the
unenhusastc that this organization fails perform what its
advocates DESIRE it will certainly be free from i'll effects
The object desired make place. where properties
tu known the trading center for the securities The floor
the exchange will be free sell any
y listed unlisted but when offering for sale will be com.
PEELED to show the actual certificates and when bidding produce
~ wherewhal meet the obligation In this way believed
washing Of sales be guarded against and the Wallace
quotations accepted Standard This it hoped will snu
ate busiHe and make trad only for the Wallace
brokers' ~. also the Spokane and Butte brokers handling Coeur
dAene Issues Some 70 responsible have subscribed the
e and Is bel we'd that before the permanent organization
\ i0o Win have joined IL