| Show I I BOOM LARGEY LARGELY IN EAST Some Mine Improvement Is Said to Aid the Expert Exper j Market Movers Since the man market maret movement has assumed considerable proportions much speculation la IS II rife rie as to whether it Is due wholly to man manipulation I or In part to mine Improve Improvement I mont ment ment The answer probably IB Is that while mine developments have been fa La favorable favorable recently recent there would have hae been little movement of tile the tie stock under ex cx existing market conditions bad had it not no been taken In hand by experts In mar market market markot ket kot movements 1 The Tho situation appears to be bo that a fl f well known New York brokerage house hOUle recently bought a block of the com corn I treasury stock at the same time taking aji option upon several largo large 8 opton blocks of personal holdings Most of the large holders holder placed their reserve stock In a pool pol that that It I might not be a menace mence to the market Tho The New Now York house then thEn proceeded to create a mar market market market ket In the East Bast for the tho stock with wih considerable success To supply that demand the loose stock on the local market has hal been taken up until rela relatively relatively tely little of It is II left Taking ad advantage advantage vantage antle of the tc natural law of supply and ami demand although It may have been artificially created It I thus be becomes become becomes comes come an easy matter mater to push the price of oC the stock upward Disposing of the treasury treasurY tock stock placed place the company compan In easy financial position positions and It is II permitting the tho pub public lie lic lc to guess the exact mine condi conditions conditions tione Whereas the was before perfectly willing to take the public into Its It confidence especially when a new strike was made since be becoming becoming becoming coming prosperous It has Joined the ranks of the Independent ones only vague rumors rumor of the encountering of new n ore bodies bOle and caves being per permitted permitted to escape elp Development D In Is I Systematic One man who holds a pretty prett large larGe block blok of ot stock stok but who did not enter the pool and Is I accordingly not on the Inside strictly speaking said yester yesterday ester esterdy day dy that from what information he heIs heIs heIs Is enabled to gain development of the mine Is attended by b reasonably favor favorable favorable able ablo results Instead of hunting out bunche bunches of ot ore to pay expenses as the management was formerly compelled to do development la Is II now being bellg von con confined cn fined largely to the main fissure which trends north and south with wih a con contact contac contact tact tac at either end The two contacts are something more than 1300 feet teet apart Apart Drifting both north and south louth Is I In progress the to face of ot the south drift being about 20 feet teet from the tho contact In the several hundred feet of drift driftIng drifting I Ing which has been done on the fissure on the level loel this stockholder was WAR informed that there had never been less than one toot foot of or good oo ore while in places plaes It was considerably wider The larger ore bodies bodle are expected to tobe tobe tobe be found on and near nor the contacts while another drift Is II I being sent over oer Into Stalwart ground round to get gel under a large blowout which affords excellent underneath indications indication of ot conditions |
