The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-10-28
SUCCESS STOCK GOOD
CONDITION At THE MINE
STOCK HAMMERED BY SPOKANE
BROKERS - SOON START
DRIFTING AND SINKING.

There does not appear to be any
justification whatever for the raid on
Success stock Of the last few days,
which has resulted in forcing it down
to SIS cents and it is not to the credit
of the Spokane stock exchange that
there are those among it's membership
who resort to methods such as have
characterized the attack on Success in
order to cover short sales or to en-
able spectators to gather in the stock
far below it's actual value. There are
about 1900 Success stockholders, scat
tered all over the country most OF
whom are people of limited means VINO
secured the stock as an investment
The company has just paid dividend
of cents per share this month and
present earnings indicate that this
will be duplicated next month. 80 lar
as can be learned no adverse condl-
tions have developed in the NINE on
the contrary the prospect for long
period of profitable production was
never better. Yet in the presence OF
these favorable conditions the threat
! is made in Spokane to hammer the
stock down to 25 cents, rumors are
started that the mine will be
down within three months, while In
the east it is reported that the lower
workings are already flooded, and
other irresponsible reports are circu>
lated calculated to stampede stock
holders into selling. The recent move
ment to raise the mining brokerage
business to a higher plane will not
succeed so long as such methods as
these are tolerated.
Condition at the Mine.
In conversation with Manager /. j
Gearon yesterday he stated that the
jnew station pump was lowered to its
permanent position on the 1900 Tues
day and within week it is expected
Ito be in working order handling the
water of the mine by electric power
The pumps up to this time have beer
Operated by compressed air which ha'
Ibeen a heavy tax upon the capacity o.
1.-THE compressors and rendered 1t I'M
nractical to keep them in a good state
of repair. This condition will be re-
llieyed with the installation of the cleo
tric pump, making it possible to shu
down one of the compressors Wlthou
seriously interfering with the opera
tion of the mine.
AS soon as the new pump is IN op
Grafton Mr.. Gearon states that drift
ing will begin on the 1900 and tn
shaft will be extended to the 400, Tn
purpose being to make the levels a
Intervals of 200 feet instead OF l0o, a
has been the practice above. IN
showing of ore on the 1900 where IN
vein has been crosscut Mr. Gearo
saws is practically the same as on tn
100, with the addition of about
inches of lead ore which has made 1t
appearance along the foot wall.
The published report that the earn
2 lings of the Success for Septempe
were the largest in the history OIL III
mine is not correct. A few month
= ago when spelter was at its highes
noint during one month settlement
7 lfor a. week were made on q basis c
l21 cents per pound and at no tim
T lduring the month was the settlemen
Inrice less than Is cents. During IN
month of September the settlemer
n nrice was at no time as high as !
cents and averaged about 1S or IA. In
lprice this month is running about IN
lsame, from which it is inferred tha
r the dividend for November will prof
n ably be about the same as that OF o'
Itoher