Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1914-07-23

New York brokers, devote over 5000
words of their weekly market letter
to boosting Tonopah stocks, urging
readers to take advantage of the pre-
vailing Low prices. Excerpts from
this circular follow
I'VE have been ronopahs strong
est champions, and right here we
want TO take fm stand on this
matter. We consider ourselves fair
ly well posted regarding values in
the camp as we have given them
careful study and have spent a lot
OF money to get information that we
wanted. Through all this decline we
have been unable to trace one single
sale to the inside. In other words,
the selling is not coming from men
who know the mines, but is coming
from traders only--men who are
short thousands and thousands OF
shares OF these stocks
eve want to say to you investors
who are holding these stocks for the
long pull. and to you traders who
are looking to them for market
profit. that II you sell your holdings
now. You will be doing nothing more
nor less than playing directly into
the hands OF those who are exert
Ing every influence in their power
to discredit Tonopah, camp which
is Just entering the real period Of
It's prosperity On the contrary, II
you are alert to your opportunity.
and II you will take the time to
study the real values behind the
stocks Of this camp. you will grasp
this opportunity to take on every
share you can carry OF the better
stocks in Tonopah You can hardly
make any mistake no matter what
selection you choose in this camp,
but you should certainly pick up
Tonopah Belmont, Tonepah Exten-
sion. Tonopah Merger, Tonopah Mid
way and West End These stocks,
II bought at present prices, will make
money for you; if you lose your
nerve aud sell out at these prices,
you win merely be helping the short
interests TO drive prices to a point
at which they can cover When they
do cover tand they will have to be.
fore long, YOU are going to see a
buying demand which will make mar.
ket history. We do not know how
much farther this move can be con.
tinued All we know is that stocks
are now below their true levels. We
do know, also, that any decline which
can occur below the prices we have
already with us cannot amount tc
much in the long run, and we know
that these prices, II not actually roci
level as any man has ever a right L
expect to be able to get. We urge
therefore, with every ounce ofapowel
at our command, that you not onl.
refuse to sell your present holdings
but that you see this movement II
its true light as creating an oppor
tunity to buy stocks where the.
should be bought-at price whicl
viii make money for you.
"The men who live in Tonopah
the bankers. the mine operators, tn
business men and the miners then
selves are the ones who know tn
values in the camp We know tina
these men are very heavy holders G
Tonopah stocks, bought at highe
prices. These are the men VIII
would like to support the marke
now, but who are absolutely unabl
to finance themselves in new con
mitments There is not man
Tonopah land this statement is mad
after having interviewed men in d
E walks of life in that camp who
not unequivocally bullish on h
home securities. There is absolutel
no question but what the mines al
looking better than at any time
their history, with the possible e
ceptlon OF Montana. More men al
employed In tha camp, and supple
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