OCR Text |
Show WESTERN TlESTIEIRK MJkHH PUBLISHED XwCIlsriIJTa- - HOW TO MAKE MINING f&AZEWlEEIR. WEEK! Y. . DEVOTED TO GOLD AND SILVER MINING. Advertisers United States and Canada, $ 3.00 Remittances should be made by Post Office Order, Bank Draft or Registered Letter, payable to Mark. W. Mussrove. Communications in regard to the mining and milling of ores cited. Descriptions of new camps specially desired. soli- Every industry, in order to be successful, must be prosecuted The attractive character of mining securities systematically. has lead many in the past, to plunge head-loninto the pool, without forethought as to again getting out without a thorough soaking. Although there may be no royal road to learning, there is a royal road to success ; and this success must surely follow if our zeal is tempered with careful judgment of every property placed on the market. There is no doubt that mining promoters will find it much harder to place even a good property on the Eastern markets than was encountered awhile since and this fact is all owing to the number of wild-cafloated on Eastern investors within the past year or two. That confidence is reviving in legitimate investments, there is no room for doubt as the remarkably steady upward tone of the New York and Chicago Boards attest. According to the Mining Record there has been a decided improvement in the market for mining stocks during the past week, both as regards the volume of business transacted, the character of the dealings and the prevailing tone and feeling. Not only has there been an active trading in the speculative stocks, but comparatively large sales have transpired in shares of the more substantial properties that are cither regular dividend payers already or promise to be shortly, and for such the market has developed both strength and buoyancy. These features when taken in comparison with the condition of affairs a few weeks ago, indicate increased interest as well from the investor as the speculative operator, and furthermore show that the mining industry, as represented by its share securities is regaining the confidence which it suddenly forfeited about a year ago. Under the influence of manipulation some of the speculative stocks have ruled rather lower than last week, while others have made an advance, but for the well known substantial properties there has been a strong upward tendency, and this in connection with the higher prices established, has undoubtedly been reflected upon the whole market and is the keynote of the improvement mentioned above. The one great trouble is to secure the aid of local journals in exposing frauds of which they are often cognizant, for their bread and butter hangs upon every article, and is likely to be withdrawn through the influence of the same parties endeavoring to place what they know to be a swindling scheme. As stated by a writer in speaking of the Gunnison country a few months ago, they must lie or die. If this could in any manner be remedied it would be an easy matter to nip in the bud all other than legitimate securities. Let there be a few good properties thrown on the market, the value of which is beyond a doubt, and we incline to the opinion that capital will not be lacking sufficient to insure the full development of the same. A good prospect will always justify the expenditure of a reasonable amount and it is only necessary to be careful in buying such stock to realize a handsome interest. Wild-cat- s will be incorporated in spite of all that can possibly be done and the only redress, is to have the written guarantee of some reliable, practical expert as to the value of a property before investing. Once in, however, dont let the matter of a few hundred dollars stand in the way of the opening up of a mine with a good showing, for such prospects make dividend paying mines. All dividend paying mines were first prospects and it was capital, energy and honest management which placed them among the reliable ts CONTRIBUTORS : Professor J. E. Clayton, Dr. W. Bredcmeyer, C. E. and M. E. Professor J. H. Morton. are 1,690 stamps in active operation in the Black country. are not alone active in the United States, if we are STOCKS by the healthy tone of the market in Canada. THERE for the number of her mining properties, has declared UTAH, smaller number of assessments than any other mining section. New York Mining Record desires information in regard THE the prospects of the Tintic Eureka S. M. Co. Will some one rise and explain ? another column will be found a very interesting letter from IN our special correspondent at Stockton, Utah. We can fully endorse any statement made by him. is up, as miners will be glad to learn; LEAD evidently going per ton being bid in this market. About $15 more per ton will be the signal for resuming active operations in a hundred mines in Utah. Boston Stock Exchange, with its limited number of THE is creating an increasing value for its membership privileges. A seat recently sold for $ 7,000 . The price will go to $10,000. In the New York board seats command $30,-00and it is said will soon go to $50,000. CORRESPONDENT of the New York Mining Record who signs himself Index, writes so much after the style of Yosemite of the Engineering and Mining Journal , that we are led to believe that the two are one and the same person. However, as we have given valid reasons in a previous issue for gainsaying the statements of these correspondents, do not deem it necessary to give them much gratuitous advertising at this time. But let them beware, for we shall drop a little harder next time than we did on Yosemite. 0, A A SUCCESS g will please remember that four issues are one month. Subscription, postage prepaid: per annum. Payable in advance. GAZETTEE K. John W. Pike has retired from the Gazetteer, Mark. W. AS Musgrove is again sole proprietor and editor of the same. It is our earnest desire to publish a newsy as well as reliable mining journal and to that end request all who are interested, to contribute to our columns articles on this subject. There is a vast amount of practical good sense and information in their possession which they are now keeping to themselves and which might be made of value to the world if they would adopt the practice more generally of jotting down some of their thoughts on paper and send them in for publication. The excuse which many make that they are not accustomed to writing for the press is not valid. Give us the idea and if the language needs any dressing up we will TMIE report to the effect that the managements of the Barbee do that. The benefit of comparing views and experiences on L & Walker and Stormont Cos., Silver Reef, were on the point practical topics is incalculable, and every public man should feel of reducing the wages of the miners from $4 to $3.50 per day, some professional pride in contributing his share to the literature proves to be without foundation. Guess this settles the matter of the country. definitely. -- |