The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1920-02-26
GREATEST MINING BOOM IN HISTORY
PREDICTED BY INTERESTING WRITER
INSIDE IDEAS AS TO THE WHY'S AND WHEREFORS A
STOCK MARKET PUT FORTH JOSEPH LOEB, SPECIAL
MINING WRITER s. F. BULLETIN;

propaganda to serve. A year ago min
ing interest was stimulated by the ad-
vent of the Divide boom; since then
the prospectors have come out of hi
bernation and gone into the hills to
find possible new strikes. Even at
South San Francisco, recently, a pros
pector found likely looking silver
formation on the patented ground Of
the town realty company controlled
by Louis Swift, the packer. He got his
lease just week ago. That indicates
that the miners are out to find mines
wherever they are to be had, and as
in days of yore, silver and gold are
where you find them"
Brokers, leading mining operators,
bankers and big business men have
their scouts out for likely looking de-
veloped mines, partially developed
mines, old-time bonanzas and inter
esting prospects. Every miner who
ever was a miner, every man who
knows how to scout for mining prop
erty. and every fellow who has his
eye on rich reward to be had in find
ing mines, is busy on the job.
Some folks look upon mining and
mining stock as dangerous things to
play with. They forget that there are
INSCRIPTIONS persons engaged in the
promotion of motor car construction,
clothing manufacture, food produc-
ton, development of inventions, build
ing of railroads and railways, opera
tion of charitable institutions, preach
ing of religion, and every other hui
man endeavor Habit and custom
have made the mere mention of min
ing signal for notes of warning and
disparagementf from the uninitiated to
the uninitiated. Consider the similar
customary prejudices against life in
surance. Most everyone is aware of
the value of life insurance Still they
fear the agent and are talked into and
chased into good thing.
The exercise of the same judgment
used in the purchase of real estate, an
automobile or other things of value
is alike necessary in the buying of
mining stock. If you demand abso-
lutte safety of principal, don't buy
mining stock-invest in government
bonds or other safe and sure four to
six per cent securities.
No man can tell for sure what is
under the ground but engineers and
others are in a position to calculate
and be guided by knowledge of geolo-
gy and apparent formations And
yet, big strikes are often surprises
and discovered by tenderfeet.
Consider the following table on the
price of silver and bear in mind that
all who know, and should know,
agree that silver will be high for
many years, and indications are that
it will remain indefinitely around
$780,
For fifteen years, from 1901 to 1915
inclusive, the average price of silver
was fifty-seven cents an ounce. And
Tonopah's mines paid over $30,000,-
900 in dividends
In 1916 the average price of silver
was 6S1a cents an ounce.
In 1917 the average price of silver
was S71a cents an ounce.
In 1918 the average price of silver
was 81 cents an ounce.
In 1919 the price has ranged from
$1.01h to $1.23 an ounce.
In 1920-today, February Is, $1.35
an ounce and Mexican dollars are
quoted at $1.03.
Here are the world production
records:
Output in 1918 leo, 900, 900 ounces
Output in 1919 ..145, 900, 900 ounces
Continued on Page Four)