The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-02-29
WELL YOU NEVER CAN TELL FOR SURE.

For many years it has been thing to hear some
the older residents say they only wish they had known how
of the properties which prospects when they
came here going to develop At that time the stock
could have been picked up for few cents and is sell
ling the dollar mark They did not take advantage Of
the opportunity and have been bewang their hard
luck If all indications not wrong there will be good
many make the assertions in the coming year.
1t is unbelievable how stock in of the properties
18th the excellent showing they can be selling at
ach low prices In practically every section Of the district
there properties which have any quantity of good milling
ore and in there large quantities of shipping
oeked out ready for shipment whose stock selling
fer in the ghbohood of Is cents share Some of these
operes lack MILL others lack transportation facilities
oot in either with the amount Of in sight it BE-
u short time until capitalists will become interested ans
uen they do and the proper equipment is installed the
0ery, the stock not help but advance to at least three
OF four times its present bid price
The Stewart of the properties in this class until
la hort time ago For years the stock has been selling
price that nowhere what the mine would be able to
lpy dividends it's capitalization the that at
tt time all blocked out and ready for shipment Recently
s property in their new lower tunnel made strike that will
thout doubt enable them continue their shipments
greatly increased scale for many years and yet there
are comparatively few of those who position to know
at first hand the merits Of the property among the lucky
Jack Waite the North Sde is another of this class This
property has amount of blocked out and from all
ports carries higher percentage of lead than the average
Occur ene producer All that this property lacks per
init to the enter the ranks of the large dividend payers Of
THE district railroad which be built all the way to the
property easy grade Some say that railroad
will be built in the future and if it is the
people of this section will wonder how earth the stock of
this company sold for the rdcuousy low price is
bringing Snowstorm also comes under this head
This mine has been of the big copper producers of this
district and while it has been only shipping enough lately
for development purposes and has passed several dv
dends it is well known fact that there still remains enough
in its workings to triple the amount in dividends that
its shares bringing and this spite of the fact that
not to know for certainty whether not
struck in the lowest No. tunnel driven by the
company Mulan This property is controlled by the
Greenoughs of Spokane and for few years prior 1907 when
copper was high in price and in great demand the stock
sold for high $3.50 per share. At that time
the geological survey which then working through this
section said that they would find the ore body
opened in their upper workings to continue with depth Sew
era tunnels driven and in every instance the was
found to go down The No. tunnel was then started but
has been able to learn what the nature of the ore is
any encountered But even granting that no ore what
ever developed in this last tunnel is admitted fact
that there is already sufficient amount of copper blocked
out which marketed the present price of "copper" would
net the company sufficient enable them to pay
dividend of three times the price that the stock now de-
handing on the Spokane stock exchange.
Nor the three properties mentioned in this article by
any means all the illustrations Of this condition of affairs as
many others in every part Of the district be cited