The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-02-17

S SosEIsS y ana ali countries the
THE STOCK MARKET
month ago lots Of people living right this district were
wondering if good times would strike the Occur Aenes
again. Today there person to be found who is not shout
ing loud the fact that prosperity has arrived The Miner has
been predicting this for long time It also has said many
kind word for the Reindeer and today have the pleasure OF
seeing this property put producing basis The ore has now
been opened for 400 feet In place shows six feet OF
solid shipping At another point 80 feet distant shows two
feet of solid shipping and several feet Of nice milling ore
The enormi Of this strike is not yet understood The stock IS
actually worth dollar share its merits In Wallace and
Butte selling four cents higher than in Spokane
Sales II made in Wallace and B in Spokane about
the same time Considerable stock has been sold in Spokane
Seer 80 days. which gives the seller the privilege of deliver
ing the any time within 80 days. The inference from such
that the seller has the stock hand Sometimes ne
has coming from distance but often he has not got It coming
at ALL but takes chance the market declining during the ~
days below the price he has sold for and permitting him to cover
profit The buying in Reindeer has been of excellent
nature much of going into strong boxes there to remain and
draw dvdendsfor dividends assured and they will
start before the close Of the present year.
There has been trading sockn the past 10 days than
in the entire two years before
On the strength the elegant showing the Reindeer strong
demand sprung for Copper Queen and when later the showing
improved toward the west Idaho Copper became strong vOrte
and jumped from u to three The public offering OF Spo
kane who has large block withdrawn and this
materially strengthened the market the supply floating stock
is very limited
Missoa Copper and Imperial have been in active demand
Both expected reach their bodies join
the ranks of producers Mssou Copper has been strong around
II cents There Imperial offered and most of the stock is
in pool Bids of Is would dsodge and the large
holders all talk dollar better for the stock Mineral Farm.
awhoe and Hypoeek have also been demand and that
the Nabob has disposed of enough Of its treasury stock
securely finance the contemplated development expect
that issue regain its place fvorte in speculation
which it so long held
There is demand am ing brokers for shares of all companies
operating the Stevens Peak section the Reindeer has proved
that depth that section of the district This
good mineral land extending along the Bitter
Rot range from Iron Mountain Mont clear to Wardner taking
in such properties the Amador. Monitor Bullion Richmond
Big Elk and Others Work the Park Champion Springfield
and all the other Stevens Peak properties will
as the weather permits.
One thing has happened the general citation felt here
the improved outlook If reports true and all reports
coincide Spokane brokers have been guilty of
duct which demands serious and if should result in
their suspension from the Brokers' Association This pulled
off Monday and the reported version of the affair follows
One broker offered Alameda III cents that stock
called 1t wasprompty bought He then offered mmedi
atey at II cents This bought quickly His next offering
and down. If the broker had been selling this stock
for client it would have been his duty get high price
possible for the stock instead Of offering below the price
shed by his previous SALE In each told the same
broker did the buying and got in quick Now the question
did any stock change hands it. in technical terms
wash SALE The whole deal Of rickery It is known
the Spokane brokers Short of the stock The showing
property the price from which raided
believed the fine Italian hand of operator who has turned
many trick be This cannot however be proved But
that does relieve the brokers any, As far appearances
they guilty of either deliberately beating client beat
ing the general stockholders of the value of their shares
by creating fictitious price much lower which other sales
will be based We they apparently guilty Of either of
these crimes nearcrmes and they be guilty Of BOTH
The result will be that the entire association will be brought
bad repute and people will trade there damaging
the Occur dAene district beyond estimation We hope there
be repetition of this offensive practise We do not know who
the brokers concerned in the transaction but that makes
difference.
Having got rid Of the unpleasant duty of calling down.
body will conclude by assuring readers that
Occur dAene district the greatest mining section EARTH