| Show AS TO MINING STOCKS the present condition of the mining stock market calls out many anxious inquiries as to the causes for the low state of the market will the stocks ever recover is a question frequently asked those who have purchased many of the stocks listed on the salt lake stock and mining exchange at prices prevailing two years or more ago have seen a large part of their investment waste away and fear they may lose all about three years ago they bought silver king at per share and have received in dividends 26 but the stock has steadily declined to about 50 a share showing a net loss of per share daly west stock sold at while the present price is about 2400 the decline being per share dividends received amounted to 1440 so that the net loss is 1760 consolidated soli dated mercur grand central mammoth sacramento swansea and others make a poorer showing A still worse showing is made in the records of carisa galena uncle sam con and yankee ajax daly judge iwer lower mammoth california and yankee con have been great disappointments in view of these recent experiments pany many condemn mining pd and declare they will have nothing more to do with it they say there is more money put into the ground than there is taken out of it but there is little logic in such reasoning those who take this view were unfortunate in buying at the wrong time or used poor judgment in the selection of the stock we are not saying that conscientious brokers or mine operators do not make mistakes sometimes they may be very confident in the properties but the treasury stock may be exhausted before the mine is developed the showing in the prospect keeps luring the miner on and by and by his money is gone some one with a little capital comes along and buys the property and with a little more development opens a great paying mine such cases are not infrequent time money and patience are re develop a mine from a most favorable prospect let us take some other records and learn a lesson in 1893 silver king stock sold at per share the returns on this investment to date are in dividends while the stock is worth 50 swansea stock sold first at 10 cents a share an investment of this small sum netted the investor in 1898 grand central stock was selling at 50 cents per share such an investment has yielded the fortunate investor or per cent interest while the stock is now worth making the total net profits 1574 per cent on the original investment suppose that an investor had bought 1000 daly west in 1898 as he might have done for he could have disposed of half of his holdings a year ago so that his net returns would have been cash while he would still hold shares which would have yielded additional cash and be still drawing per month which is a very good income on something that cost nothing the cash received to date represents a profit of 1167 per cent on the original investment we could make similar showings from the records of ajax alice butler liberal ballton beick carisa centennial eureka century mercur daly daiy daiy judge galena horn silver lower mammoth mammoth may day ontario rocco homestake sacramento south swansea star con uncle sam utah yankee consolidated and many others the present situation in the mining stock market is nothing unusual or unnatural history repeats itself we may therefore look for a very decided change for the better before many months the various mining camps of utah were never yielding more ore than they are now the output from the mines of this state will reach almost for the present year and probably exceed that sum money in the east is easy and rates are low many who have lost heavily by their investments in railroad and so rag called Ind industrial atrial stocks aro arg turning J to mining which under careful and acl management is looked upon as safer and good for larger returns instead there fore of regarding the present situation as utterly discouraging it should be considered with favor as a time to tg make prof profitable table I 1 in vestments |
