White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1915-08-22
MARKET LETTER.
tBy L. w. Hulse & co..

Once more the ALTA-coTTON-
WOODS stocks have made an enyi-
able record for themselves on the
New York curb and Salt Lake ex-
change. Practically all have regis
tered substantial gains in the past
week and nevertheless are still at
levels that make them more than
usually attractive to the speculator
III this class of securities. Again
EMMA COPPER has been head and
shoulders above all others as the CEN
ter of attraction and this stock es-
tabllshed another new high point
when II sold at 81 cents on Friday.
While EMMA COPPER has undoubt-
edy been the individual favorite all of
these issues have been conspicuous
because of the strength they have
shown under all conditions. Even
While the eastern markets were crack
Ing vide open because of the news
OF the torpedoing of another large
vessel by the Germans late in the
week. the AI.TA-COTToNWOODS
we're either holding their own or
making additional advances. No bet
ter evidence of the stability and
strong market position of any class
OF securities could be asked for. Prof
it-taking l. natural after a continued
series of advances such as We have
witnessed in these stocks. As a rule
this stock coming on the market has
tendency to soften prices but up
TO date the demand has oyerridden
the supply and In place of looked
Tor reactions quotations have been
steadily climbing. A certain class of
traders are always on the alert to
take advantage of these says in price.
These opportunities are the little lifts
which make FOR the success of specu-
lation In any kind of market and
what enlarges the profits in such a
one as We are enjoying at the pres
ent time. These dips and says are
SIRE To come; no stock ever floated
t. proof against them and mention
o. all this Is made for the purpose
OF bringing TO YOUR attention the fact
that the present market should be
closely watched and additional pur-
chases made on these reverse actions.
This boom which is constantly gath
ering momentum Is different in some
respects 10 anything yet encounter
ed. In previous mining stock market
booms one or two issues would start
the fireworks and everything else
would shine in the reflected light. II
Is different now. Nearly every stock
that secures recognition has To stand
on its own bottom. These mining
properties in the ALTA-COTTON-
WOODS district are not being meas
ured in value by what has been done
IN some other mine; 1t is the show
ing made by the property itself that
brings favorable market action. To ia
this point: Cardiff stock de-
clined to move until the mine show
ing warranted 1t. Emma Copper held
back until ore was struck and now,
with ore in four working faces. has
l4r I'D ~ n
South Hecla marketed $150.000
worth OF ore last year but the stock
waited for the big disclosures of the
past few weeks. We might take the
stock of each property In the district
and analyze its movements in the
same way but this is sufficient to H.
lustrate the point meant to be brought
forward. namely. that the ALTA.
districts stocks are
selling at values indicated by condi-
,ions at the properties.
In this line We might mention an in
cident which came to our notice only
Yesterday of some one at McGill cir
onlating the tale that the bottom had
gone out OF Emma Copper and that
ne stock was selling below sixty
cents. What incentive other than
jealousy would prompt one TO start
rumor OF this kind cannot be un-
derstood. A drop like that mention
ed is not impossible after a sharp ad-
rance such as Emma has had but the
floating OF malicious falsehoods with
the intention of injuring a security
held by someone else Is unwarranted.
ANY time a break does occur In any
stock. those interested will be nou-
tied as quickly an possible. Custo-