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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