Newspaper Page Text
Wednesday, December 13, 1899
THE SUMPTER MINER.
Portlanders Talking About
Sumpter on the Streets.
It is surprising to observe the awaken
iiiR in Portland to a realization of the im
portance of the Sumpter mining district.
Sumpter, Granite, Greenhorn, Susan
vllle, Quart7burR, Dixie Butte, Robinson
ville, Canyon City, Prairie Glty, and
other centers of mining activity are get
ting to be household words. There is
more talk on the streets about the mines
of eastern Oregon than there has ever
Considerable Portland capital is already
interested in the gold fields or eastern
Oregon, and more is being Interested
dally. This Is scarcely to be wondered at,
for there is no question as to the ore val
ues of this district and the permanence of
Portlanders are beginning to realize that
If they would reap any of the benefits of
this vast and wonderfully rich mining
section they will have to get up early and
hustle, as mining men and capitalists
from every section of the country are al
ready on the ground. Tills realization Is
confined not alone to capitalists looking
for safe and profitable investments, but
also to merchants who have an interest in
the trade of this new Eldorado. Spokane
merchants are making a strong bid for
tills trade, and unless Portland merchants
awaken to their opportunities they will
lose all the persimmons.
Considerable of an exodus of Portland
ers to the mines of eastern Oregon is
looked for early in the spring. Portland
Plenty of Money for Devsloplng the Ajax.
Twenty-five thousand dollars in gold
lies in the vault of the First National
bank of Pendleton to be devoted to de
velopment work at the Ajax mine, three
and one-half miles from the town of Gran
ite. In addition to this 525,000, another
52$,ooo Is also there to be utilized for the
same purpose, In the event of the develop
ment proving that the Ideas of the pro
jectors of the plan are correct.
The Ajax mine Is said to be owned by
J. H. Robblns, .1 Pendletonian who went
to La Grande a few years ago and is now
In the banking business at Sumpter, and
to other members of the Robblns family.
The deposit of the money is known to be
the beginning of a movement towards de
veloping the Granite country that doubt
less will result In bringing that section to
the front among bustling mining camps.
The closing of the deal being coincident
with the filing of papers for the Incorpora
tion of a branch line from Pendleton to
tiie head of Birch creek, with the avowed
intention by the O. R. & N. company to
construct a line on from there to Granite,
are two indications of the future In store
for that district. Pendleton special to the
THOSE WHO BUY STOCK.
Investor and Speculators Play an Entirely
There are two classes of stock buyers,
the Investor and the speculator. The
former buys on his judgment in properties
which he considers to be gilt-edged and
he Is content to wait for dividends or a
steady appreciation in values, his holdings
generally being in paying shares, or in
stocks which, to his way of thinking, are
sure to advance.
The speculator is not so particular as to
the Intrinsic value or merit of the securi
ties in which lie places his money. He
aims to get in on certain lines of stocks
when they are down, witli the intention of
taking Ills profits on small advances.
The former Is safe, as a general tiling,
while the latter stands to make a greater
percentage on his investment, or, he may
take a ioss.
As a general thing the timid buyer is a
poor speculator, as lie is often scared into
selling when lie should stay in, or he is
afraid to buy when he should do so. On
the other hand, the dealer who takes a
risk now and then often cleans up a bar
rel of money.
It is often that panics in the stock mar
ket are caused by trivial circumstances.
A holder may need money and close out.
This action is often construed to fore
shadow a decline; a timid shareholder
dumps his holdings on the market and a
slump in this particular security occurs,
the fear, although groundless, being con
tagious, and to such an extent that the
stock becomes weak, although no good
leason exists for this condition.
A weak market Is the time when the
professional makes his investments; the
speculator comes In when it is strong.
Salt Lake Mining Review.
Sumpter Feed, Livery and Freight Stable
CORNWELL & SULLIVAN: Props.
Horses Boarded by the day or Month. First
class turn-outs and saddle horses. Our spec
ialty is the quick and safe delivery of freight
and passengers to any and all points.
-HAY AND GRAIN FOR SALEHS
The Triumph Cigar
World's Best Havana Cigar
Their Excellency Cannot be Excelled. Convince yourself by giving them a
: trial. For Sale Everywhere. Insist on Having One.
FLYNN & MORTON,
The Sumpter Lumber Company
Frozen ground and snow roads have facilitated
the hauling of logs. We have again in oper
ation the mill, and our dry kiln is now running
full blast, with a 40,000 capacity. We have
also imported a large stock of dry fir lumber.
J. B. STODDARD, Manager
General Hardware, Stoves,
Ranges, Mill and Mining
Supplies dt Builders and
Plumbers' Sup lies. Agents
for Schuttler Wagons, a
On draught or
i "The Olympus
H. FINGER, Proprietor.
liquors ami Cigars. SlimpiCr, Of.