Show A DAY COLS President Huter and J h Der Sell Their Stock DaiS touched the Iou water mark yesterday a sold down to 5 cents a share Exactly a year ago yesterday the stock sold on the same bard between twen 60 and 65 cents a share while the closing quotations on that date were 60 cents bid and 65 cent asked A few wee ago it was active above 30 cents During the last week or ten days it tool a terrific tUhble When Fridays cal was over the blackboard showed transfers of over 300 sar and when yesterdays cal ended 1t was found that the sales ran above 610 shares Investigations prove that these great blocks had come from the holdings of President L C Hunter and John De another officer of the company S The Daisy is said to be a meritorious proposition but to be a success it must be operated as some other ler cur proPte are upon a gigantic scale The mine has had many setbacks set-backs and misfortunes in its history all of which might have ended well had the late directors not been hampered by financial embarrassments which cud not be overcome unless a certain few shouler all the burden for the reason that no revenue could b derived de-rived from assessments the company being first incorporated with Its stock mae nonaeable In June and July or the present year the mill made a good record and in the later month the cleanup in cyanides cy-anides amounted to something like 2500 The showing a so favorable the directors took step to increase the capacity of the mIll to 50 ton daily I was figured that tf the company could borrow 15000 with the plant making the record it did in June and July the amount named would be 11 that would b required T money was borrowed from the Bank of Com mece and a contract was let to Joseph Jo-seph Deiderich to do the construction work Dung the months of August and September the mill was kept in operation but instead of showing a I profit the balance sheets disclose a actual loss The Bank of Commerce it is claimed has refused to give the company any more credit s the chief officers of the company have become disgusted and have thrown their stock onto the market for what they could get content to pocket their losses and Quit Mr Hunter left for his home in Indiana In-diana last night It is asserted that he paid something like 34000 for what holding he had in the Daisy and got out of it with a loss of bout 25000 John Der it wa learned yesterday pad as high a 60 ents a share for some of his stok I wa sid too that he retained all of it until it went down to 17 cents when he began to unload 111 Dern was anxious to seethe see-the mine put on its feet again and was willing to do his share but he claimed his holdings in the property were not so large a Sera others and he did not feel disposed to shoulder the load himself him-self There is some talk of calling J general stockholders meeting to talk over the situation but it is yet too early to say just what line of acton will be laid ot Contractor Joseph Deiderich wasseen yesterday afternoon and sid he would continue with his contract and complete the mill building He expressed no doubt about getting his pay for the work The apparent collapse of the Daisy project may develop into a few sensations After call yesterday some trading was done in the stock around 6 cent a share The total indebtedness of 21000 the Daisy company is estimated at I 21000OLD |