The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-07-29
THE MINING OUTLOOK.

Conditions in the Occur d'Alene dis
trict could hardly be more SATISFACTORY
than they are now The strong de.
mand and high prices for lead, zinc
and copper have given an impetus t.
mining that has not been witnessed In
this district in many years, and there
appears to be an absolute certainty
that the market for these metals will
remain firm for several years. AS a
result of this situation not only are
the great mines of the district work
ing every man that can be used to ad :
vantage and crowding production to
the limit, but also the new properties,
the mines to be, are pushing develop
ment at rate seldom seen in order to
get the benefit Of the splendid metal
market that is assured Naturally this
condition is having a most buoyant
effect upon the market for Occur
d'Alene securities, and the speculative
spirit has taken hold Of the people in
manner that has not been witnessed
for many years.
But 1t is as field for permanent and
conservative investment in mining up
on which the Occur d'Alene district
bases its confidence for the future.
The experimental period was passed
many years ago and as each year adds
Its wonderful record of profits and
prosperity. the conviction must force
itself upon any thoughtful investor
that here the element OF chance in
mining is at the minimum, and that he
who would apply the rule Of safety
first" to mining investments will find
the conditions he seeks right here In
the Occur d'Alene district. This feat
ure is strikingly illustrated in the
figures showing the operating ex-
penses and net profits of Occur
d'Alene mines in 1914, published in the
last issue Of this paper. During most
of that year the metal market condi-
lions were about as unfavorable as
they could be. except In case Of a ma
tion-wide financial panic, and yet the
record shows that as a rule the mines
Of this district were in continuous OPP
GRAFTON, spreading prosperity to the
people while in all other sections of
the country the pinch of hard times
was being felt, and distributing over
six million dollars among their for
tunate owners.
If the mines of the Occur dAlenes 4
can remain in operation and disburse
over six million dollars in dividends
lnder the adverse conditions that pre-
vailed in 1914, what will be the record
" this wonderful district during the
present and future years under the /
most favorable market conditions? I
This is view that should appeal with {
,reat force to capital seeking invest
nent in mines. The opportunity is n
Iere. for in all parts of this marvellous a
district there are undeveloped proper +
les Of great promise simply awaiting a
he touch of capital to transform them n
nto productive mines of lead, zinc and Il
Upper. Not all OF them win be mines, Z
ut the showings are just as favorable 4
3 those which preceded the discovery u,
( the great ore bodies Of most of the s
productive mines of the district, and a
a many cases much more favorable. n
The favorable condition Of the metal n
larket and the certainty that 1t will I,
ontInue for a period OF years. the b
reat ore bodies Of the producing h
lines which enable them to take the
illest advantage of It. the large
err OF mines in the making which will
BON swell the output of the district.
\ these combine to make the outlook Of
'r mining in the Occur d'Alene dis CO
rict exceedingly bright and explain st
ne spirit Of optimism that is every len
here present