The silver state news. [volume] (Winnemucca, Nev.) 1907-1909, 1907-11-18
Financial Unrest
And Mining Profits

fortunately this reaction has come AT
a season when it is customary for ca
lamity howlers to get busy and point
with the palsied finger of an exploded
theory to the coming presidential
wear. which the rumor- monger says
invariably means a period of %retrench'
ment. Some economists-among them
the better informed-have good rea-
son to emphasize the fact that pres
ent conditions are unusual, for ad
hitting that there is reported a fall
ing off in business, wage earners have
larger savings in bank than for a long
time past. The question that perplex
es the captains of industry who need
the money badly just now is how TO
induce the multitude of small depos
itors to put their savings into eircu-
lation. Advices from the various cit
les supporting mining stock exehang,
es state that there is promise OF in
creased buying by small investors of
the better class of shares, especially
the dividend payers, many OF which
are at ridiculously low prices. If
only the professional trader would be
more reserved at this, the critical
time, the investing public would un-
lock it's treasure vaults. The key
note of success today in the stock mar
ket is, don't buy on margin-pay cash
for the mining shares you want, and
then forget you are a stakeholder un-
til the "big fellows rehabilitate
market quotations by in~augurating a
boom in speculation again. And
when prices begin to f~luctuate wildly
l--A - 40. 1,,,nI 80 zAn A.t Co. &c
you do, the professional trader will
again be in a position to shear the
lambs, and if that time comes, good
night. SO long as the mining stock
you own pays In equitable dividend.
Re satisfied. If it is copper stock, re
member that 26 copper properties in
this country declared dividends of
$44 1894 SOB for ten months this year,
making a total of $500. 454,s3 since
Incorporation, which is equivalent to
1872 per cent of the outstanding CAPT
talization of Yi72, 098, 600. Sixty
seven, gold silver and lead properties
having an outstanding capitalization
of $119,705,715, paid dividends Of
ga $50 ,264 for ten months this year,
making the total since organization
$113, 1925. Thirteen zinc proper
ties capitalized at $5,02s, 900 have
mailed their shareholders dividend
checks amounting to $3S8,402 so far
this year, and s~1,720,917 since incor-
poration. One quicksilver property.
capitalized at $500 900, has declared
dividends of $50 900 this year. which
brings the total since organization to
5000. 900
Should there be any doubt among
investors about the profit sharing
magnitude of the metal industry,
remember that 107 copper, gold, sill.
yer, lead, zince and quicksilver prop
critics in the United States have de.
clared dividends for ten months this
year amounting to the large total of
$60,053 1859. Since organization these
107 mines have paid in dividends to
their shareholders the enormous sum
Of SAC, ,225, which is equivalent
to over 11S per cent on the issued
capitalization Of 1917 3.215.
The mining and metallurgical in.
dustries throughout the world today
are in a better position to earn profits
at lower prices for their products
than was possible before the era of
improved machinery and processes
made possible the economic treatment
under the supervision of advanced
technical skill, of the vast low grade
ore deposits. The extension of main
line railroads into the newer camps
of Nevada and other states has also
materially benefited the mining in
dustry.