The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-08-19
COEUR D'ALENE STOCKS
ON THE NEW YORK CURB
ARE NOW RECEIVING MORE AT.
TENTIoN THAN ANY OTHER
WESTERN MINING ISSUES.

Ine mines OF Utan, Colorado, NeVad;
and Arizona seemed to be about tn,
only ones in the west in which th,
eastern investors and speculator
were interested, or of which they Dos
sessed any definite information. Blu
it is different now, the sudden chang,
perhaps being brought about by tn,
spectacular profits paid this year by
some of the zinc mines which caused
further investigation into the merit,
Of this district. The result is that Tho
Occur d'Alene stocks, lead, zinc anG
copper, have now advanced to the
front rank in the east and are now the
favorite issues in the eastern market
The sudden and widespread attention
that is now being given to Occur
d'Alene securities has drawn out the
following comment in a recent issue of
the Copper Outlook:
Activity in Occur d'Alene Stocks.
"Crowding all the other mining is
sues aside, and even reaching into the
huge business being done in the "war
stocks" the Occur d'Alene issues have
burst upon the New York curb mar
ket with tremendous activity during
the past fortnight. The attention of
the traders has been directed to Sc
curities of which many of them never
heard Of before by the accumulation
of inquiries from the clients Of the
leading brokerage houses for not only
quotations, but information regarding
the properties of the Occur d'Alene
district. New issues are appearing
practically every few days, and the
trading volume is expanding daily.
Much Trading in Success.
Success Mining company has
again been the leader of the market
rising from around 81 a share to bet
ter than $1.2S, a new high record, on
the announcement that the directors of
the company had declared a dividend
of cents share for August Thous-
ands of shares have changed hands, in
fact, the stock is being sought for in
vestment, where it was neglected in
the market a few months ago at 80 to
40 cents a share
Marsh Mining has been another ac-
tive issue, selling at between 40 and
As cents a share on advices from Spo-
kane that the company had resumed
operations and that it's earnings this
month would probably be equivalent
to about cents per share on the out
standing capitalization.
Rex Consolidated at 40 Cents.
"The greater part of the interest in
the Occur d'Alene stocks, however,
during the past few days has been in
Rex Consolidated, the latest to make
It's appearance on the New York mar
ket. Initial sales were made in the
stock, and under an eager demand on
public in Occur d'Alene securities be-
tween 5000 and 1000 shares have been
traded in daily. The stock made its
appearance at around SO cents share
and has since advanced to 40 cents
share, with the greater part of the
buying based upon the indicated sue
cess Of the company and the fact that
the management states it will be on a
producing and earning basis within 60
to 80 days. The present buyers of
Rex Consolidated are evidently look
ing for the same character of mar
ket for the stock as has recently been
seen on Success Mining.
Caledonia in Demand.
Caledonia is another issue that has
been in heavy demand, rising from
around IS cents a share to $112h on
the announcement that the company
would maintain a cent monthly diy
idend rate.
"A sharp advance in Hecla from ,
around So to 1925 bid offered at "a.
was the result of the company's state
ment that 1t would add 5 cents per
month to its regular cent monthly
dividend and continue that rate as
long as earnings permitted.
East Caledonia, among the specu-
lative group, was absorbed around rs
to 26 cents per share on the theory
that the company would secure the ex-
tension Of some Of the important ore
bodies Of the Caledonia property
Will Dominate Curb Market.
1.-THE only weak spot in the list was
which has sagged down to 81
bid on reports from Butte that the ore
of the mine had been so de- 7
pleted that further dividends became
Stewart has been ex-
tensively sold for reinvestment In the
other Occur d'Alene properties
1.-THE outlook Is for a big >oom In
the Occur d'Alene stocks, the first
that the eastern market has ever seen.
The newer issues are attracting in
vestors all over the country, and 1t [
ooks as though the Occur d'Alene
group would dominate the New York
curb market at least for the balance
IF the year"