The Sumpter miner. [volume] (Sumpter, Or.) 1899-1905, 1900-10-10

and. IN time to come, more bonanZaS will
be fonnd and more dividend payers will
spring into existence than the people Of
the east and Of the west have even
dreamed Of as vet. New mines are com.
ing into prominence IN nearly every camp
in this lntermountain country. All Of
them will not become famous as great
wealth producers, but among them there
are a number which will become house.
hold terms the world over, OH account Of
the record they will be able to make as
producers Of imperiShahle wealth. Some
Of them are even now being banded about
among dealers In mining securities. Even
now they may find but small favor with
but nominal figures asked for their securi.
ties. But, II favorably located and intelli.
gently managed, they may he ranked
among the leaders within period Of five
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 speeulator
bases his hopes for profit upon the tluctu.
ations Of the market until such time as
the prospect passes the stage Of prospect
and Is registered as producing rnine-or
a failure. Confining his specuIations to
the best Of these, the buyer, II he Is wise,
will buy on falling market and sell when
a marked advance Is noted. In stock
tran sactions 1t 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 II had formerly declined. This may
take six months; 1t may take year or
more. During this period the timid will
sell, but the man with nerve, II he Is able
to do SO, will hold on, and In the end, In
eight times out Of ten, he will come out as
q winner.
The recent dealings In Sunbeam stock
proves this. Operations In Star Con.
also corroborate the statement, and there
are 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 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 little spare
change for such an investment can make
money; they lack the requisites necessary
In the makeup Of 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 Is such
that they become excited over the slight.
est advance In their securities and down.
hearted when 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, great deal Of the success
In stock operation, whether as an invest.
ment or speculation, depends largely on
the honesty and integrity, the good judge.
ment and the actual knowledge Of the
broker. With all conditions right there 10
money In mining stoeks.-Salt Lake Min.
Ing Review.
Rocky Mesasaia Sesassy By Day Light.