The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-11-10
IMPROVEMENT is GRADUAL.

Tho mast fcw weeks have been productive Of much improve
en the general sentiment Of mining operators IN tine
dAnes This change has not been so great as 70 give any
On the forcing anything in the form OF boom
under the circumstances would necessarily be short-ved
may be regarded joke built IS mace y an
seriousness 1t takes little to start boom sometimes !
conditions are right and the basic foundation for it IS the
quicker It runs itself the result Is that the legitimate
growth retarded We dread booms but we are also well
that our antpathy them will prove preventative On the
other hand we are believers in the magnificent future IN store
for this mining district week after week readers are
given written evidence of faith in the counrys future
At past three has the future looked more
full OF promise time have had less hesitation IN por
trayng world at large the merits Of the Occur Aene
district Our optimistic uerances from week to week nave given
holder mining securities and we
would feel very the duty subscribers did we
depart from habit Of pointing out the opportunities or
advancement every section of the district with the necessarily
resulting in the intrinsic and the market value OF all
classes Of mining securities.
The mast three wears has seen tremendous Of deve
hundreds Of properties in the Occur ana
IN my have brought the Of development where pro-
ucon may be expected in the future The stock OF
these companies sold at prices ranging from ~ cents to dollar IN
the boom wears of 1906 1907 Today with great deal more
yeopment the intrinsic value increased materially the
market price only fraction of what it then was Does this
seem rasonabe reasonable but speculative conditions
for anomalies These properties today worth from 5O per
cent to 1000 per than they then WORTH except in
isolated cases. where possibly development proved that the faith
Of the operators misplaced We do know of explicit
instance Of this kind only introduce it to act fairly and to
make what might be necessary qualification statement OF
values thereby making position unassalable.
Another feature which we have pointed out occasion
that this section during the past few has
generally intelligent and certainly more economic
times the boom OF l9697 and the result
assuredy be tendency to add nrnsicay to the
\ values of the properties.
Bearing these things in mind would assurey feel that we
violating obligation to readers Of The Miner were we to
efforts toward urging them hold on to securities tor
which they paid much higher than they could realize at the
present market quotations. The prices ruling at this time will
look absurdy low And will require no boom bring about
this changed condition boom does not reasonable
advance in the price of security means rapid advance
based solely speculative conditions and unwarraned by any
physical developments the property Booms purely specu
e They disastrous to large number OF spectators VINO
style themselves investors and Instantaneous the district
general that they leave feelings in the victims breasts
and msus of the country instead OF disgust at themselves
for their folly. general advance In the market price
OF all mining stocks is assured-and this is not on
speculative as The foundation has been laid by these
unemtng toll these months Of logged persistence in the face
hardship and dscouragemen by labor which often done
when there the treasury to meet the cost and in
variety of other which soe tries the hopeful heart But
these efforts viii unrewaded Even the
threshold Of mighty of advancement Mining securities in
this district viii be eagerly sought after We fear boom
be avered but with the fine foundation which has been laid
values 60 many times their present quotations without
reaching fictitious fancy prices little patience now few
assessments possibly and then substantial reward for this