Show floney IN MINING STOCKS Is there money in mining stocks this question is being widely discussed in the mining press at the present the consensus 0 of f opinion being in the affirmative there are two classes of people who invest in mining stocks at the present time those who buy on intrinsic value as an investment and those who invest as a speculation the former class seek securities of undoubted merit securities which they can put away and rest assured that within a year within five years or even ten years they can pull down their original investment toc together rether with a good fair interest such investors buy such stocks as silver king centennial eureka daly west mammoth and numerous other properties the shares in which have intrinsic value and every evera indication of permanency permanent per manen cy we do not intend to convey the impression that investors in these companies waited until their shares were worth what they are today to day before they became interested on the contrary the more fortunate ones became stockholders when the stock sold for a few dollars or even a few cents a share and these investments have made many of them almost independently rich the man who bought centennial eureka less than ten years ago ago 11 at 2 a share and held on to his stock until a year ago ago when the property was transferred by purchase to the boston syndicate was an investor and riot not a speculator and yet he made a splendid speculation as during the period mentioned he drew down 70 a share in dividends and finally sold his holdings at 70 a share A few years ago in 1893 silver king stock sold at a share the property was most favorably located and was being 0 ably managed and conditions were such that there was every reason to believe that stock in the company would prove to be a good investment since that time the company has paid in dividends or 21 a share and today to day the stock of the company is quoted at 54 bid and 60 asked the investment in this case would surely be designated as a safe investment daly west stock stock can c an also be safely designated as a safe investment scarcely more than a year ago 1 the stock of the company was dealt in at in october of last year it began the payment of regular dividends and to date has distributed among its stockholders the stock of the company today to day being in demand at 1845 this has been anotnie another r good investment and the shares are not so high yet but that thai it presents an alluring proposition to investors ve the mercur has also proven a profitable stock for investment within the limit of a few years only the company has paid nearly a million and a half in dividends and now that it has been consolidated with the golden gate gae under the caption of the consolidated mercur gold mines company it still offers opportunities for those seeking a safe and profitable buy in mining stocks the grand old ontario has made a mint of money for its shareholders having 0 paid them in the neighborhood of fourteen m millions illions in dividends and should the mine min e which is fa r from never do anything more e taunt a no on one plain as it has made a number could ek of these are only onar a few instances million aira the fact that the buying of ni an investment does and will li 4 passin passing 99 it is no more than pay 5 but lust to opportunities just as promising pro as a say that offered every day as there are scores etesta in in this country which of anin B give into silver kings centennial promise of devel centennial daly bests mercurs and Ont arlos eureka this western country has been barely ba belv pecked barely scratched as yet and in tm to come more bonanzas will be found founds ltd in more dividend ore payers will spring altot ence than the people of the east and of th ft west have even dreamed of as yet r N mines are coming into t prominence in every camp in this intermountain A all I 1 of them will not become fa famous country as great wealth producers but amonoy among a them there are a number which will become household term the world over on account of the record they will be able to make as producers of imper ashable wealth some of them are even mw being bandied about among dealers in minim securities even now they may find IBI small favor with but nominal figures 0 asked for their securities but if favorably located and intelligently managed they may ie be ranked amono among the leaders within a periodic period perio dif of five years As to speculative stocks there is no rem reason to believe that they cannot be dealt deal in ata handsome profit in this class no wildcats wildcat wild cats cat are included the assumption being that the properties are legitimate n propositions upon which actual work is being performed in these the speculator bases his hopes for profit upon the fluctuations of the market until bud a time as the prospect passes the stage of A prospect and is registered as a product produce mine or a failure confining V his eions to the best of these the buyer if h e wise will buy on a falling market and sell when a marked advance is is noted in swei transactions it has time and time again been demonstrated that any stock po possessing ss essing even the shadow of merit will surely advance e 10 time to the highest 11 point from which it etim formerly declined this thio may take 8 months mont lis it may take a year armore orr DOW W this period the timid will sell but butt the heIB 00 with nerve if he is able to do so will hl and in the end in eight times out ol of w recent dealin d will come out a winner the in sunbeam stock proves this opelio OPe OP tio the also corroborate in star con and there are a number of other which have been in the dumps lor the 00 more m which are ten or twelve months ej such as 8 hlll w likely to chronicle advances able patient holders to take down the tw bl they have invested to together with abst a the I 1 some profit there is n no 0 d doubt 0 abt lu but courtl intelligent intelli 1 crent I speculator in this weste western stocks has made money in mining I 1 s defor everyone who has a little the such an investment can mal make ce m molley keup ke up f lack the requisites n necessary cessa lYl in u the of a speculator they cannot bear to wait for the fluctuations of the market and want to make it all in a day a week their temperament tem ein is such that they become excited over the slightest advance in their securities and downhearted when a decline is recorded they fall fail to use horse sense and consequently are failures in the speculative line this is not their forte and they should confine their operations to investments in properties of well known and recognized merit yet after all a great deal of the success in stock operation whether as an investment or a speculation depends largely on the honesty and inte integrity arity the good judgement jud gement and the actual knowledge of the broker with all conditions right there is money in mining |