Elk City mining news. (Elk City, Idaho) 1903-1913, 1908-01-04
MINING BOOM
IS COMING

The owner or part owner of gold
mine these days is certainly 1T.
The general cry is for gold, despite
the increasing world s production of the
yellow metal, and always staple in price
the lucky producer of gold must of ne
cessity be considered the man of the
hour, says Denver Profit and Loss.
And it certainly looks as though silver
is to have an innings, with an increas-
ing demand and an increasing price for
the white metal.
The general opinion is that the gov
ernment will coin additional silver, and
already in the instance of at least the
Denver mint, an order has gone forth
to coin silver in large quantities, stop
ping for the time being the coinage of
the yellow metal.
Bully for gold and silver.
Bully for the gold and silver miners,
and gold and silver investors.
Outside of gold the other metals seem
to have declined in sympathy with cop
per, OF through the same influences
which have been brought to bear upon
the market for that metal But the
mines are in better shape than ever be-
fore to make profit with metal prices
at low range, on account Of the gen
eral lowering of the cost of operating
and handling of the product.
In many instances silver miners have
made more money from the production
of ore with silver round 60 cents, than
they did when it was quoted above a
dollar. And bear in mind the fact that
many of the copper companies of today
were promoted under representations
for profit to be earned with copper sell
ing at what it is today. The red metal
has, in turn, advanced and declined
since the fotation of many 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 the prices Oh
some of the metals, and again, through
banking disturbances which have not
been due to local causes.
Gold mining generally should receive
a tremendous stimulant at this time
There should also be a splendid reviva
in silver operations, and we look fol
higher prices shortly in the othel
metals.
The general public is going to turn tt
mining as never before. For weeks
now there has been evidence that th'
people would sooner trust their none!
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 func
tion of money is to make more money
by keeping it invested where it viii
bring the largest returns.
The general securities of Wall Stree
will have to lay on the shelf for som
time, so far as the investing public i
concerned.
AS we said before, this is mining
great opportunity. The west is exceed
ingly prosperous, and to this time ha
stood the financial furry better tina
any other section of the country. TIL
people, too, of the country general
are prosperous, and just as soon as tn
less informed get over their scare, ther
is going to be greater prosperity tina
! this country has ever seen.
There is going to be quick retur
to general business activity. Minin
today stands the chance of receivin
first attention in this connection; ther
is no form Of investment which ca
equal good mining proposition.
Is it not fact that every fnancii
furry in the country s history has bee