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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Oct. 10, 1900)
Wednesday, October 10, iqoo THE SUMPTER MINER. STOCK SPECULATION. Much Money Has Been Made in Mines. "Is there money In mining stocks." This question Is being wlJely discussed In theitnlnliiR press at the present, the con sensus of opinion being in the affirmative. There are two Jasses of people who in vest in mining stocks. it the present time those who buy on intrinsic value as an investment and those who Invest as a speculation. The former class seek secur ities of undoubted merit; securities which they can put away and rest assured that within a year, within five year or even ten years, they can pull down their orig inal investment, together with a good fair interest. Such investors buy such stocks as Silver King.Centennlal-Eureka, Daly West, Mammoth and numerous other properties, the shares In which have in trinsic value and every indication of per manency. We do not intend to convey the Impression that investors In these companies waited until their shares were wortJi what they are today before they be came 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 In vestments have made many of them al most Independently rich. The man who bought Centenniat-Eure-ka less than ten years ago at 2 a share and held on to his stock until a year ago when the property was transferred by purchase to the Boston syndicate, was an Investor and not a speculator, and yet he made a splendid speculation, as during the period mentioned he drew down S70 a share In dividends and finally sold his holdings at $70 a share. A few years ago, in 1893, Silver King stock sold at fc.fo a share. The property .was most favorably located and was being ably managed and conditions were such that there was every reason to believe that stock In the com pany would prove to be a good Invest- merit. Since that time the company has paid J 3, 1 50,000 in dividends, or 2i'a share, and today the stock of the company is quoted at S54 bid and Joo asked. The Investment In tills case would surely be designated as a safe investment. Daly-West stock can also be salely designated as a safe Investmi nt. Scarcely more than a year ago the stock of the company was dealt In at $9.7$. In Oc tober of last year It began the payment of regular dividends and to date has distri buted 9495,500 among its stockholders, the stock of the company today being In demand at $18.45. This has been another good Investment and the shares are not so high yet but that it presents an alluring proposition to investors. The Mercur has also proven a profitable stock for Invest ment. Within-, the limit of a few years only, the company has paid nearly a mil lion and a half in dividends, and now that it has been consolidated with the Golden Gate under the caption of the Consoli dated 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 paid them in the neighborhood of fourteen mil itions in dividends, and should the mine, which Is far from exhausted, never do any thing more, ho one could complain; as It has made a number of millionaires. These jire only a few Instances illustrating the fact that the buying of mining 'stocks as an Investment does and will pay; but, In passing, It 'is' nb more than just to say -that opportunities" just as promising as these are offered every day, as there are . scores of mines in the country which give Dromise'of develoclnc Into Silver Kings, Centennial-Eurekas, Daly-Wests, Mer-i curs and Ontario. In fact, this western country has been barely prospected, barely scratched as yet, ,-ind, In time to come, more bonanzas will be found and more dividend payers will spring Into existence than the people of the east and of the west have even dreamed of as yet. New mines are com ing into prominence In nearly every camp in this Intermountnln country. All of them will not become famous as great wealth producers, but anions them there are a nuniber which will become house hold teims ffhe world over, on account of the record they will be able to make as producers of Imperishable wealth. Some of them are even now being bandied about among dealers in mining securities. Even now they may find but small favor with but nominal figures asked for their securi ties. But, if favorably located and intelli gently managed, they may be ranked among the leaders within a period of live years. As to speculative stocks, there Is no reason to believe that they cannot be dealt In at a handsome profit. In this class no "wild-cats" are included, the assumption being that the properties are legitimate propositions upon which actual work is being performed. In these the speculator bases his hopes for profit upon the fluctu ations of the market until such a time as the prospect passes the stage of a prospect and Is registered as a producing mine or a failure. Confining his speculations to the best of these, the buyer, if he is wise, will buy on falling market and sell when a marked advance is noted. In stock Iran sections it has time and time again been demonstrated that any stock, posses sing even the shadow of merit, will surely advance In time to the highest point from which it had formerly declined. This may take six months; it may take a year or more. During this period the timid will sell, but the man with nerve, if he is able to do so, will hold on, and in the end, In eight times out of ten, he will come out as a winner. The recent dealings in Sunbeam stock proves this. Operations in Star Con. also corroborate the statement, and, there are a number of other stocks, which have been In the dumps for the last ten or twelve months, which are more than likely to chronicle advances such as will enable patient holders to take down the money they have Invested, together with a hand some profit. There is no doubt but that the Intelligent speculator in this western country has made money in mining stocks. Not everyone who has a little spare change for such an investment can make money; they lack the requisites necessary in the make-up 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 temperment is such that they become excited over the slight est advance In their securities and down hearted when a decline Is recorded. They fail to use "horse sense" and consequent ly 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 invest ment or a speculation, depends largely on the honesty and integrity, the good judge ment and the actual knowledge of the broker. With all conditions right there Is money in mining stocks. Salt Lake Min ing Review. Rocky BfaMUla Sceacry By Day Light. Day light stop over at Niagara Falls. Through first-class tourist sleeper from Pacific Coast weekly for Chicago, Boston, New York and, other eastern points via Rio Grande Western (Great Salt Lake Route), Denver & Rio Grande, C. R. i. St P. 'and Illinois Central to Chicago, connecting In the Union Depot with Mich igan Central's similar car for points east. For full particulars call on or address, B. H. TRUMBULL, .Com'f Agent llfei Gtfit. R..Q. 142 Third St., Portland, Oregon..'' mmwmmmmmmmmwmmwt I About I I ....Building.... 1 Why don't you build when everybody else - quits? Why do "you all want to build at oncej j; when lumber is green and covered with ice- - and when prices and labor are high? Now is the time to build, like "Brother Perry" when 3 - there is no particular rush. We axe offering special bargains in Hats. -- Shoes, Gloves and Clothing, also other General j- Merchandise, because we bought at a big dis-- - count and we give our customers the benefit. - We also sell j & LUMBER 3 - cheap but we do not intend to se.'l at retail for less money than we can get on the outside - market as some of our competitors do. E . Sumpter Lumber Co. 3 J. . STODDARD ''" " SUMPTER, OREGON I Delmonico Hotel M. SI'ANKI.EU. Proprietor A First-Class New House, Well Furnished and Superior Table Service. Trnnscient Rates Reasonable. Special Hates to Local Pat rons by the Week. Located One Hlock East of Depot, Corner Co lumbia and Auburn Streets. SUMPTER. OREGON TH Sumpter Forwarding Co. General Storage, Commission and Forwarding. Warehouse and office, S. V. Track SUMI'TEK, OREGON. THE GEM SALOON A.- J. STINSON, Prop. (Successor to Snyde it Stliison) Only tht Bast Brands of Liquors Served Over the Bar SUMPTER, ... OREGON CAPITAL. Barber Shop Baths A. G. Davimon, MMigtr Cuuo Datw, Operator i y It Operated in Connection with Capital Hotel. First-Class Work. Porce lain Bath Tubs Sumpter, Owgoa