Show TROUBLE WITH HONERINE Why Stock Is Stumpy and Why Sale Is Not Being Berng Closed Up Ever Eyer since the failure of the deal for the control of the Honerine that hat had been ben pending between Peter Haack of Los Ls An Angeles Angeles Angeles geles and George A A Baird president of the he company and holder t c control through the Wester Western Exploration company compan the Kimberley estate and F H H Buhl BuhI there has las been a dropping off oft in the price of the he stock Which to men con conversant conversant conversant versant ridiculous with wih mine conditions seems The he trouble seems to be be said an op operator opErator who knows something of what has been jeen going on that the American Smelt SmeltIng Smelting Ing ng Refining Re ning company has the company bottled up on a contract for ore that has about three years yet to run rn As I under understand understand understand stand it i it is a tonnage contract contact which binds the Honerine company to deliver delver so much ore whether within the term of years year specified or whether it takes longer Tills This contract was wa considered a good one when made but the change in the price of metals has changed the complexion of the business In favor of at the te smelting company Now neither the management of the company nor the parties partes who have been dickering for control of the mine are ae satisfied The smelting company which would like to gobble the mine on its is own account is of course unwilling to change it its contract to meet the wishes of any anybody an anybody body and as a result everything is in the theair theair theair air and are looking for a chance to get out of the company at any old price Now lot let me mt tell tel you OU something that thai tat A ought to take a little of the fear out of the hearts hert of or the shareholders shareholder There never was wa a contract made with a smelt smelting smeltIng ing ing company that could not be broken without much fear of a fight being put up by b the smelter side Why Because none of the smelting companies care to take their books into court to prove that their demands are arc just One Oe of these days das some one on will 11 take hold of the Honerine that knows the business and the contract with the smelting company will wi not hold them down for an Instant They will wi get what they want or the ore will wi go some somewhere somewhere somewhere where else els When that happens you OU will willbe wi willbe be unable to buy bu Honerine stock at four times its is present offering price prie of 2 a ashare ashare share for the mine is 15 there thero to hold the share price of the stock at t better beter than 10 0 a ashare ashare ashare |