The Arizona copper camp., 1917-09-01
P|NAL DEVELOPMENT CO,
AND COPPER SITUATION

Many people have had the idea that
a good investment is to secure high
priced stocks, uecessitating the out
lay of considerable sum of money
and often requiring the tying up of
large surplus furds in single enter
prise. They have lost sight of the
low-priced shares. This has been par
t,cularly true o. the low-priced cop
peis, which for the past six months
have been most entirely neglected ex-
cept by professional traders and those
" ho have made it their business to
investigate the situation in each par
ticular case and acted upon their own
good judgment.
The one who trades for any length
of time soon appreciates the condi-
tions surrounding the stock and there
fore can judge of its value or lack OF
value, as the case may be. II the
stock is strictly prospect" and sell
ing at "cents" per share, they realize
that the property has not been devel-
oped to the production point, but they
study carefully the fundamental coa-
ditions surrounding the company and
its property and decide in their own
minds whether the possibilities are in
favor of their purchasing.
The opportunity of the low-priced
OF 10 fro, a fC 1o rs0
to many dollars per share, and we
have all seen this happen many times
and more particularly when the Unit
ed Verde Extension sold from forty
cents to forty dollars.
These possibilities are still open and
I dare say that there are half a dozen
mining companies operating in the
state today whose securities are SELL
ing for cents per share that will
eventually be selling in the dollars.
One of these stocks at present sell
ing in the cents is the Pinal Develop
ment company, but one that has all
the indications of selling in the dol
lars in the very near future, in fact,
the ore showing today warrants a
much higher price for this stock
Comparing this property at the time
this company started operations in
1915, Pinal has developed from a mere
good showing to property that is
able to make regular shipments to
the smelter. The property to date
has about 1000 feet of underground
development and the ore recently en-
foot level assures the company that
future development will gradually
open up extensive ore reserves, thus
justifying the predictions heretofore
made that Pinal has merit and only
requires proper development to classi-
fly it as a big producing copper mine.
The ore is now being hauled to the
railroad for shipment, the returns of
which will be Immediately made
known to the stockholders when re-
ceived
It is very apparent that renewed in
terest is under way regarding these
low-priced coppers, an evidence that
copper shares are in demand being
the fact that last week approximately
100000 shares selling below 81 per
share changed hands on the New
York Curb. Dividends paid thus far
in 1917 have surpassed the same
period in 1916, and the continued de-
mand for the metal assures indefinite
prosperity for this industry. The fact
that the United States government is
willing to advance the producers 22h
cents per pound and withhold 21a
cents until complete adjustment has
been made by the federal trade COM
mission, is strong indication that
the government considers that the
price of 25 cents per pound is fully
warranted.
Pinal Development company's po-
tentialities are so unusual this stock
should be held awaiting further de-
velopment of the mine.