White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1915-12-19
1.-THE MARKET
fBy f. w. Hulse & Coz

Cottonwood stocks were again the
whole show in the Salt Lake market
the past week and though ~lightness
Of orders during the later sessions
eaused some recessions from the
higher marks reached early in the
week the immediate outlook is de-
cidedly optimistic. Every contribut-
ing factor marks its path to the con-
structive side Of the market. With
the holidays a thing of the past a
strong bull market should soon be
In full swing and in the first few
months of the new year we are most
apt to see a repetition of the market
these stocks experienced last spring.
Trade views are all Encouraging
but the optimism toward metal stocks
liz far above that in any other line.
For the moment the big eastern a
kets and the stocks listed thereon
have the appearance of being over
DOuEut. ouCu uciu6 thO eopc 20
moi likely that any general substan-
tial advance will take place in that
quarter soon and spectators in
search Of opportunities for invest
ment will gradually drift to the
groups of stocks in which sensation
al gains have not yet been made.
Naturally, this "a mean but one
thing, that mining securities will re-
ceive the attention and support that
is long overdue them.
Copper and copper company stocks
have already received their full quo
Ia OF support and until there il a
further advance in the price OF the
metal, have, except in some individ-
ual instances, about passed their
period of large speculative values.
Silver and lead are now in about the
same position that copper was six
months ago and, like copper at that
time. the silver situation is such
that the limits of its upward posi-
bilities are unbounded. Why, then.
should lot the producers and pros
pective producers OF this metal de-
mand and attain an enviable place
in the market? They will. Mraket
prices must eventually adjust them
selves to real values.
We know OF no district in which
this condition is more apparent than
in the Alta-Cottonwoods. Here are
proven mines with huge reserves
blocked out representing times oyei
the value now represented by tho
selling price of the stocks. Prospects
adjoining and surrounded by these
proven properties and on which ev
everything possible Is being done tC
bring them to the same state of pro
ductivity are selling at figures ia.
below what they are entitled to bring
Again, market prices must eventual!
adjust themselves to real values.
On the basis of a million shar'
standard capitalization Reeds Peal
at ten cents, holding approximate,
400 acres of property. is selling
around two cents per share; Albion
with $50 acres almost surrounded b,
South Hecla, containing more fssure
and contacts than any other propert
there located and doing the deepes
development work in the district, 1
selling around 20 cents; Big Cotton
wood. adjoining Reeds Peak wit
$50 acres, at about two cents; Ia
Baby, with 100 acres close up to Car
diff and an excellent chance OF catch
ing the same orebody, two and a hal
cents; Emma Copper at less than tel
cents; Columbus Elk at three cents
West Toledo, one and a half cent
per share; Wasatch, with $50 acre
of the best located land In the dis