The Sumpter miner. [volume] (Sumpter, Or.) 1899-1905, 1900-10-10
STOCK SPECULATION.
Much Money Has Been Made
in Mines.

This question Is being widely discussed In
the mining press at the present, the con.
sensus Of opinion being in the affirmative.
There are two ,lasses Of people who In.
vest In mining stocks at the present time
those who buy on intrinsic value as an
investment and those who invest as
speculation. The former class seek secur.
tiles Of undoubted merit; securities which
they can put away and rest assured that
within year, within five years or even
ten years, they can pull down their orig.
inal investment, together with good fair
interest. Such investors buy such stocks
as Silver King, Centennial. Eureka, Daily.
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
worth 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 few cents share, and these In.
vestments have made many Of them al.
most independently rich.
The man who bought Centennial.Eure.
ka less than ten years ago at 81 a share
and held on to his stock until year ago
when the property was transferred by
purchase to the Boston syndicate, was an
investor and not specuIator, and yet he
made splendid speculation, as during
the period mentioned he drew down $40 a
share In dividends and finally sold his
holdings at SO a share. A few years ago,
In 1893, Silver King stock sold at $3.50
share. The property was most favorsbly
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 good invest.
ment. Since that time the company has
paid S,,Iso,ooo In dividends, or Sal a
share, and today the stock Of the company
Is quoted at Ss4 bid and $50 asked. The
investment In this case would surely be
designated as safe investment.
Daly.West stock can also be safely
designated as safe investIn' mt. Scarcely
more than year ago the stock Of the
company was dealt In at &o.7s. In Oe.
tober Of last year It began the payment Of
regular dividends and to date has distri.
buted &40s, 500 among its stockholders,
the stock Of the company today being In
demand at SI8.4s. This has been another
good investment and the shares are not so
high yet but that It presents an aluring
proposition TO investors. The Mercur has
also proven profitable stock for invest.
ment. Within the limit Of few years
only, the company has paid nearly mil.
lion and halt 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 mint
of money for It's shareholders, having paid
them In the neighborhood Of fourteen mil.
lions In dividends. and should the mine.
which Is far from exhausted, never do any.
thing more. no one could complain, q II
has made number Of millionares. These
are only . few instances illustrating the
fact that the buying Of mining stocks as
an investment does and will pay; but, In
passing, II Is no more than just 10 say
that opportunities Just IS promising .
these are offered every day, ss there are
scores Of mines In the country which give