The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-11-21


X was much speculation as t.
what would be the effect of tn,
return of peace upon the min
ing industry, and now that peace i.
an established fact we are still 'in the
air" so far as definite information Is
concerned 1t is still matter Of
speculation. One thing seems certain
and that is the immediate return OF
the thousands of men in training
camps to their homes and the gradual
return of the soldiers in Europe will
soon make itself felt in relieving the
labor shortage, SO that this handicap
to productive mines will be relieved
This will enable the large mines t.
carry their development work we'll in
advance of production requirements
and to increase their output. When
they are in position to do this it will
then be a question whether the indus
trial demand for the metals will be
sufficient to absorb the production at
a price that will insure an adequate
profit to the operators. We believe it
will although it will require consid-
erable time to bring this condition
about. BY next spring the transform
alton from a war basis to one of peace
should be practically consummated,
when we may reasonably expect a re-
sumption of business and industrial
activity such as the country has not
seen in many. years, barring the per-
iod during the war, but more gener-
ally distributed throughout the coun-
try than during that remarkable per-
iod This will create a demand for
lead zinc and copper, probably at
lower figures than now prevail, but
higher than in the ante bellum days
and insuring higher standard of
wages for men employed in the metal
industry than prevailed before the
war.
Renewal of Mining Operations.
1t naturally follows that condi-
ton that will provide steady demand
at good prices for the product of the
mines will be the most effective slim
ulent for the discovery and develop
ment of new ones. The situation that
prevails in the Occur dAlene district
IS doubtless the same that generally
exists in other mining districts of the
west. High prices for mining sup
plies, high wages and the shortage of
men combined to put stop to new
development work. Scores of promls-
ing properties, well equipped for car
rying on development, are idle in this
district. Most of them are owned by
stock companies and are financed py
assessment, and only await the return
Of more favorable conditions to re-
sumo operations. The operation OF
these numerous development compan-
les is one of the important features OF
mining in this district. They not only
contribute, largely to the business
prosperity of the district, but they
are mines in the making, giving as
surance that new mines will be open
ed to take the place of mines exhaust
ed. Mining is wasting industry and
every mine has its limitations. The
Miner confidently expects that next
year will witness a tremendous re-
sumption of mining development and
that new mines will be proved to
swell the output Of this wonderful dis
trct and bring prosperity to the peo-
pie
Favorable to Investors.
Most everybody, whether he lives In
, a mining district or far removed from
Aminng operations, is touched by the
fascination of mining and some time
or other is moved to take a chance In
The greatest of all legitimate games
me Miner believes that no more fav-
ofable time was ever presented fol
inning investments, and particularly
IN the Occur d'Alene district The sit
uation is one that is not only favor
able for legitimate investment, but II
IS also unfortunately one that will bt
seized upon by irresponsible promot.
efs to foist upon the public worthless
INNING stock representing wildcat mi,
nhg claims. There are many meri'
orious development companies in th'
Ooeur d'Alene district whose stocl
nay be bought far below its real value
a,u which promise substantial prof
"i'llin a reasonable time. The oppor'
sunity is here, but purchasers arr
sarned to make no investment with
su. thorough investigation through
nuependent channels Beware of tn
mohloter with glittering stock certifi
a'es and with more glittering prom
''es OIL quick and incredulous profits.