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Show Iffl STAR SIRES ILIJE RETIRED New Certificates Are Determined Deter-mined Upon as Result of Recent Forgeries. Owing to the flooded curb market In New York with the fraudulent North Star certificates, the officials have determined deter-mined to call In all tho old shares and l$ssuo new stock of a different color and design. The curb officials have been notified no-tified from the San Francisco offices that all old shares will be exchanged In denominations as presented free of chargo up to September 1. and when the shares are exchanged It Is likely that tho curb will prevent any trading except I In the new shares, for their own as well as tho public's protection. It 'has been pointed out that forged shares will only affect the speculator as a rule, but the loss to shareholders who aru wholly out of tho speculative market mar-ket is considerable as well. Tho forged shares thrown upon a market when shareholders are holding their stock regardless re-gardless of the market naturally creates a market wcaknesu that Is unjust and disconcerting. Whether a stockholder wants to sell his stock or wants to hold It indefinitely, he Is Interested In the market value. It Ls comforting- to have a stock selling for more than was paid for it, even though there Is no desire to dispose of It, while a weak market In the face of strong mine conditions might force yomc shareholders to soli In the belief that something Is wrong somewhere some-where with the property. A great many legitimate Investors also mako their purchases on margins, and are frequently forced out of their holdings hold-ings or compelled to undergo some Inconvenience Incon-venience in keeping their purchases protected. pro-tected. So the legitimate investor as well as the purely speculative trader has a keen Interest In keeping the market clean and bare of fraud. Shareholders doubtless will be communicated with by the North Star officials In regard to tho new certificates. The move Is a good one. |