Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-12-12
LOOK FOR Big
mining BOOM

The owner or part owner of a gold
mine these days is certainly It, The
general cry is for gold. despite the in
creasing worlds production OF the
yellow metal. and always staple in
price. the lucky producer of gold
must of necessity De considered the
man of the hour.
And it certainly looks as though
silver is to have an inning. with an
increasing demand and an increasing
price for the white metal
The general opinion is that the
government will coin additional sill
yer, and already in the instance of at
least the Denver mint, an order has
gone fortl to coin silver in large
quantities, stopping for the time be-
ing tho coinage of the yellow metal.
Bully for gold and silver.
Bully for the gold and silver min
ers, and the gold and silver invest
ors.
Outside of gold, the other metals
seem to have declined in sympathy
with copper, or through the same in
fiuences which have been brought to
bear upon the market for that metal.
But the mines are in better shape
than ever before to make a profit
with metal prices at low range, on
account of the general lowering of
the cost of operating and handling
the product.
In many instances silver miners
have made more money from the pro-
duction of ore with silver around 60
cents than they were when it was
quoted above dollar. And bear in
mind that many of the copper COM
panies of today were promoted under
representations for profit to be earn
ed with copper selling at what it is
today. The red metal has, in turn,
advanced and declined since the fiot-
alton of these companies.
| We are feeling very optimistic over
the situation so far as mining is con-
cerned The effect so far felt has
been through the decline in prices of
some of the metals, and again,
through banking disturbances which
have not been due to local causes.
Gold mining generally should re-
ceive tremendous stimulant at this
time. There should also be SPLEEN
did revival in silver operations, and
we look for higher prices shortly in
the other metals.
The generakpublic is going to turn
to mining as never before. For weeks
now there has been evidence that the
people would sooner trust Their
money in mines, and other forms OF
Western industries, than leave it In
the bank. Money in the bank at best
earns but very low rate of interest
and the function of money is to make
more money, by keeping it invested
where it will bring the largest re
turns.
The general securities of Wal
street will have to lay on the shell
for some time as far as the investins
public is concerned.
AS we said last month this is min
ing's greatest opportunity. The Yves
is exceedingly prosperous and to Thu
time has stood the financial fur.
better than any other section of tn,
country. The people, too, of tn
country, are prosperous and just a
soon as the less informed get owe
their scare, there is going to be
greater prosperity than this countr
has ever seen.
There is going to be quick return
to a general business activity. Min
ing today stands the chance of re
ceiving first attention in this connec
, ton; there is no form of investmen
, which can equal a good mining prop
osition.
Is it not fact that every financia
, furry in the country's history ha
been followed by a great mimi
boom? PROFIT and Loss, Denver.
|