Rocks in the Road to Fortune Or the Unsound Side of Mining

Cover Rocks in the Road to Fortune Or the Unsound Side of Mining
Rocks in the Road to Fortune Or the Unsound Side of Mining
Henry B Clifford
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00 8. 75 King Edward 3. 50 . 56 ROCKS IN THE ROAD TO FORTUNE 285 Mitchell 14. 00 . 75 McKinley Dar 3. 60 . 87 Micmac 6. 37 3. 62 Nipissing* 34. 00 6. 75 Tenn. Copper 48. 75 28. 50 Tonopak, Nev* 19. 00 5. 00 Tonopah Ex 10. 00 1. 62 Belmont 6. 75 1. 87 Ely Central* 5. 00 1. 00 Greene Silver* 10. 00 . 75 Greene Gold 3. 75 1. 00 What is the feeling of the man who bought in 1906 and held until 1908?
I will now take up the quotations on the San Francisco Stock Exchange. Most of these corpora- tions a
...re what is known as "million-dollar corpora- tions" though some at higher that is to say, one million shares of a par value of one dollar each. Consequently, when a stock has sold at 30 cents a share, it was at the rate of |300, 000 for the prospect, provided all the stock was issued. When it is selling to-day at 5 cents a share, it is at the rate of $50, 000 for the prospect, or a loss on the quotation of $250. 000. These quotations were made in 1907 and 1908, a period of about eighteen months.

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