The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1916-10-06
MINING AND PROSPERITY

These are busy times everywhere.
Europe, men are strenuously en-
3. ged in destroying the accumulated
d ,ets of centuries, while in the Unit
~, States the mines and mills and
!. tories are being worked overtime
:, replace the destruction wrought
war. Yes, these are busy times,
!, ( only in the realm of commerce
I on the stock exchange of the
untry as we'll
" On the New York exchange and on
NJ Curb, brokers are being flooded
~ tn orders to buy stocks of every
\ scription. The public investment
!, an petite appears to be Unsuitable and
m result the broadcast speculative
uovement that has been experienced
l,,n nee the second Mckinley boom is
,Dw under way. But there is excel
-. mt reason for the bullish sentiment
lat appears to have become epdem-
s.te
s,h, The wealth of the United States
Liol proportions: millions are being
byramided upon millions. The per
WIT; apita circulation of the country in
i.h, old now amounts to s22.S0. as com
.at,ared with sS.40 per capita in 1906,
les. nd at the same time our exports and
dle rade balances have been SCATTERING
lfe II records Domestic conditions
! t,gere never so universally satisfac-
So. DRY. says the Mining and Financial
" record.
ID Many factors enter into the fabri-
Adtation of prosperity; but it is a note
! d worthy fact that the present era of
hel;ood times is based largely upon a
| ter ingle industry with its various ram
ne fieations; and that single industry
al metal mining. The products of the
ov mines are used in practically all man
all Ifacturing enterprises, either in a
nd main or secondary way, directly or
nd Indirectly: and it is to the metals
oc hat we may give thanks for the
ov ,ountry's splendid condition.
ate Never in the history of the nation
atehas the great constructive power of
lie thinning been so forcibly brought to
1.-THE public attention as il has been
AM during the past eighteen months and
Ian more; and never before have the div
10 idend possibilities of mining shares
lis been so clearly emphasized.
/, Oil, too, has played conspicuous
;,, -, 10
vi United States. and many of the oil
i q companies are disbursing profits that
kde are remarkable. besides declaring an
IeuI occasional stock dividend to make
|w matters more interesting.
II Both oil and mining stocks are,
ked therefore, steadily growing in popu-
Nv larity. More Cripple Creek shares
m with their long and consistent record
lrth of productivity back of them, have
Tres changed hands recently than for
bpr. many months, and heavy buying of
late Jerome coppers have been in order
A strong market for the Oatman
ron stocks, too, gives evidence of the fav-
orable regard in which that new gold
h camp is held by the public and the
t;o shares of miscellaneous companies
IN, operating in various sections of the
st,s west, are readily absorbed.
IRA Sharing in the upward movement
a., the newer oil stocks-and particu
- larly those of the Wyoming compan
~, ies-have become marked favorite
rp with both large and small investors
,,a. the Wyoming issues being selecte,
above all others because of tn
a ! known merit Of the oil fields of tina
!, state.
Z. 1t is we'll the public is learnin
IT,. that the mining and oil industries al
q. ford better aid more stable oppn
n tunities for acquiring immense pr,
n fits on n moderate investment of CAY
L,E ital thai can be .ound wher
hree '"e "o''u o'e'
81. AS long as the mines contiru
- their present high rate of produ,
- ton, and the oil wells spout the
- rivers of wealth, no abatement OF til
E.u prevailing great prosperity need /.
r,..,. apprehended.
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81