Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-12


NM There it sticks, like a log;
there it has stuck for three
weeks, for nearly month,
right there at IA cents, where it fell to
month ago.
What's the matter with It? Who's
doing all this? Some one is holding it
down. You take a mine like that, with
prospects like it has, and you couldn't
keep it down if there wasn't some
crooked work somewhere.
Look at the chance it ought to have
Take the district that it's in; that is to
say, I'm not quite sure of just where
the district is where the mine is, but
I understand that it is one of the finest
mining districts, away up North-or is
it EeIst?-anyway, it's great district.
Why won't it go up?
I'll give you the facts about it. It's
all plain enough from the actual scrip
that I hold for my Share-genuine
printed scrip, all right; no fraud about
it. It's the Cuckoo Mine, Second Issue,
Third Deferred Stock, Series j. No
000002.
From the figures I gather that there
are about a million other fellows in the
same series, so it must be all right
These other fellows wouldn't let them
selves be cheated. They must know
about it, or they wouldn't be in it. And
if this is Series j, there must be whole
gang more in Series A and in Series B.
You say you never heard of 1t? OF
course not. That's the whole point of
it. It's been kept absolutely quiet. Not
listed on the Exchange? Well, no,
hardly. You don't think that men who
had the good luck to get on to mine
like mine would go and stick it on the
Exchange. Everybody knows that the
big exchanges are crooked. Only last
wear there was a broker arrested in
Cleveland-for stealing a dog. They're
all crooked.
No. sir: I bought my interest in the
mine one share, on the Subsoil EX-
change-it's a local exchange for deal
ing in shares like the Cuckoo; they
won't touch the big corporations at all.
Meantime, what I want to know is:
Why doesn't it go up?
What is holding it?
I bought my share in the Cuckoo. as
I say, about six weeks ago. for &c cents.
reCkoned that it would rise to par ($l)
i'll a week, that the shares would then
be split eight for one, rise to par again,
get split again, and so on. felt GER
tain that I was going to make clean
up. :,
So I should have. There are all
sorts of things in that mine, copper
and bronze and-what is 1t? bismuth
or benzine or bromide or something
like that-and there may be helium
and Ignite. To tell the truth, I don't
remember what is in it. All know
is that there's a lot of stuff there.
After 1 bought it, it rose right up
three-eighths of cent, then fell back
half cent, then collapsed two and one
TN PlnaT
to IA cents next week, and since then
has stuck right there.
Why doesn't it go up?
It's only too clear that some in
f1uence is at work. Till I went into
this business of speculation didn't
realize how far 1t ramifles and what
lot of things in the world 1t connects
with. In fact, it really opens your
mind to outlooks on the world that
you'd never think Of
For instance, two days after I bought
my share the Bank of England raised
its discount rate by l per cent. That,
of course, gave my share devil of a
knock. What business they had to
interfere with my mine I don't see.
But they punched it down a whole
point, just to suit their own ends.
The day after that the German
committee announced that
they were unable to come to any agree
mept and saw no means of liquifying
German credit. Bang That gave my
n.fne another souse: down she went
two points. What right the Germans
have inside my mine don't see, but
evidently there is some crooked work
going on.
The day after that. as soon as
looked at the quotations for my share,
] saw that it had dropped another cent