White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-08-27

you wait for still lower prices, 1t
is five to one that you will get left.
LAS for Fick's selling of his hold
ings of Union Pacific, I fail to see the
Importance of it. | doubt if he held
more than 10000 of the 100000
shares outstanding. All these bear
rumors should be taken at a big dis
count"
Just then, the junior partner APP
preached, with a s%apiently benignant
look spread over his lorid face.
What do you think about the mar
ket, Mr.. -" / demanded. Looks
pretty rough and choppy right now"
They are a sale, | think" was the
ready answer. There is hardly any
support to leading stocks. My
private information is that the big
men are working for much lower
prices. We have just been informed
that Otto Kahn, of Kuhn, Loeb d Co.,
is bearish IN the market, and antici-
pative of a great strike on the rail-
ways. We also understand that in
side interests are heavy sellers of
United States Steel. The tip is that
the stock will go to 68 at least on
this movement. They expect an
other reaction in the steel industry.
Besides all this, you must bear in
mind the disappointing condition of
corn and spring wheat crops, as in
dicated by the latest government
ties cannot be expected to be liberal
spenders in the next twelve months.
and railway companies is easy to
imagine. If you contemplate-ex-
cuse me for a few minutes, gentle
men! Just remember that | have
to send a telegram to a customer who
made a fine profit on a short sale. He
always follows my advice, and makes
good money by it,
AS the broker hurried off, Ten
nessee'' looked at me with a broad
smile, and said: Just like these
brokers! They invariably advise you
to sell at the bottom and buy at the
top. How any man of experience
in speculative affairs can believe that
stocks are being liquidated by inside
parties after such severe declines as
we have had in the last two weeks,
passes my understanding. Why, it's
simply ridiculous"
Are you buying for CASH. / ill
quired.
q am" was the response. Il
never enter into margin contracts.
The only way to succeed in Wall
street is to buy the real goods on a
sharp break, and then sit tight.
Every man with some surplus money
to invest should have the good sense
to purchase a m%eritorious dividend
paying stock in a depression like this
we are now going through. There's
no risk in it all. They cannot force
him to sell, and all the time that he
holds his certificate he draws his
dividend every three or six months.
Take Atchison common At its pres
ent price of 104 it nets 5.76 on the
investment. The 6 per cent divi-
dend is amply earend. The company
is prosperous and hopeful of continu-
ed growth in traffic and revenues, as
may readily be inferred from the an
nouncement that an additional
amount of 500, 000, 900 convertible
bonds is to be issued before long.
Great Northern, st. Paul and
Northern Pacific are also attractive
purchases. Each one pays a divi-
dend of I per cent. The first-name-
ed is a particularly tempting propo-
sition. There is a possibility that
the next dividend on st. Paul might
be reduced to 6 per cent. But, even
SO, the shares cannot be considered
over-priced at their prevailing leved
of 1147s. The man purchasing them
on this decline has an excellent
chance of at least twenty-five points
within less than two years. On 100
shares that would amount to $2,-
500, exclusive of the dividend. If /
had the full amount of capital, /
would take on 200 shares of the
stock this minute. l don't care a rap
for all this talk of a possible cut in
the dividends. Puget Sound system,
owned by the C. NJ. & st. Paul, will
prove a very profitable investment
eventually. 1t is already paying a
dividend on its stock, which goes
into the treasury of the present
company.
Foreign investors and spectators