The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-08-09
BIG DEMAND
FOR STOCKS
The Most ActiOe
Market KnOLOn
in the East for
Many Months.

BOSTON, Aug. S.--The Boston
Financial News says:
The boom in the copper stocks that
was predicted last week has become
reality and we are now inthe midst
of one of the broadest and most
active markets that has been known
here in many months
Starting in with smart demand
for the Butte issue, headed by
Amalgamated, the movement has
spread rapidly until 1t has enhanced
the whole list
All the camps are now well repre-
sented in the daily trading and there
is a tremendous absorption of stock
by the public.
Commission brokers have been
heavy buyers ever since the move
ment began, but particularly during
the past week.
This buying of course means that
the public is again interested, and If
nothing happens to check the mar
ket it will probably continue to
broaden out indefinitely. An old
fashioned bull market in the coppers
is what the local brokers are hoping
for and what they expect if conditions
in the metal market continue to inn
prove as they have during the past
month or two.
1t is this Improvement in the metal
that is responsible for the renewed
activity in the stock market and the
interest taken by the public, and ac-
cording to the best authorities this
improvement is a substantial one and
one that is bound to continue.
1t is, of course, we'll known fact
that a great many of the companies
are not able to make any prolt at the
low prices that have recently pre-
vailed for the metal. but now that
there has been good advance in the
price and still further one assured,
these companies will begin to show
good profits and the ockhoders will
be in receipt of much larger dividends
All the companies in this class are
being bought heavily by interests
who understand the situation and the
stocks so bought are being put away
for a long pull.
The other companies that are able
to produce and market copper at
good profit even with the metal at
4 ttnlS nave DttI DOuSul lOf nCChb
and at the present time they are
rather scarce in the local market.
Some of them have been making as
high as cents pound with copper
at 12 cents, so of course a gain to
A cents would put them in an ex-
ceptionally strong position.
Taken as a whole the shares are
in very strong position and the out
look is for still further improvement
in prices and a constantly broadening
market.
The copper metal market of this
week has shown the same character
istics of strength and activity that
were apparent last week.
The price of the red metal has con-
stantly advanced until 121 Y cents is
now asked. and 1 q bid for Lake.
The Calumet & Hecla people have
sold all they care to dispose of at
13A cents, and are in fact pretty
well sold up till the last of Septem
ber.
The chief characteristic of this buy
ing movement is the demand for fall
deliveries
Manufacturers are pretty well sup
piled for their requirements for i'm
mediate orders, but they expect suffi-
cient business in the fall to justify
great increases in orders for future
delivery
November copper is selling now for
131a cents. and the prospects are re-
markably good for a Accent copper
market in the immediate future.
In addition to the buying by man
ufacturers there has been consider
able buying by spectators. This is
a disquieting feature. for it may ad-
vance the price beyond the reasonable
requirements of business. and there
by choke off the tendency to indus
trial expansion that is just starting.
1t is well known that as soon as
financial conditions improve suffi--
ciently to permit new construction en-
terprises, the copper manufacturers
will have rapid expansion of busi-
ness