Mohave County miner and our mineral wealth., 1921-05-13

STOCKS-There has been so much 1 in the way of bear news coming on the market of late that traders could see nothing but gloom ahead and sold stocks not only for the short account h.. ..--r was also some real liquida- don, I.s is usually the case when every one becomes so pessimistic, the mar ket takes a turn for the better. This change took place not because of any news to warrant it, but because the technical condition of the market was such that there was only one way for the market to go. ,-,..... t
 When the market does not go down on persistent selling, accompanied by an abundance of bearish news, trad CTS become skeptical and begin to cover their short sales. This buying started the market on the upward trend and, as the market advanced, it also brought about change in senti- ment and induced considerable buying for the long account, although the buying of stocks by what is termed the public was very light. s.
 There was nothing in the news that would account for the change in sen timent, unless it is the prospective set clement of the German Preparation question in the near future. If this question could be settled agreeably to both sides, it would have a very fav- orable effect on sentiment and would no doubt, create big demand for our raw materials. - -a sEt.. x
 Copper Stocks started the advance and the buying was by the profes- sional element, accompanied by opti- mistic reports concerning the improve ment in the position of the industry, Trade reports tended to indicate that the surplus copper being carried by 2, the Copper Companies was being rap- idly reduced as result 'of the clos ing down of production, and r there were also reports to the effect that European countries were in the mar ket for American copper. ~
 The Motor Stocks were in good de mand at higher prices led by Stude- baker. The latter has had phenom- enal rise in the past month, and it is said by those on the inside that the Company is running at full capa- city and cannot supply the demand for cars. News also of more favor able change in the directorate also had a favorable effect on sentiment.
 Oil stocks were in better demand and, notwithstanding all the unfavor- able news that has been circulated re- >garding the Mexican Oil Companies, the shorts were forced to cover. The smaller Oil Companies stocks were also in better demand.
 Transportation again looms up as one of the big problems. The rail roads are not earning their expenses, and there are serious times ahead un- less conditions change. Fortunately, there is reason to hope that conditions soon will change. No one who has studied the situation, in an unprejud- iced way, can fail to see that operat- ing costs must come down and of these the greatest item is labor.
 The Railroad Labor Board has giv- en some encouragement in abrogating the labor agreements by which the same rules and regulations governing labor applied uniformly throughout the country. These agreements which therefore will terminate on July 1st have led to grave abuses and waste fulpess, which it is calculated have cost the roads $30O,0Oo,000, year. It has been a direct burden upon the people for it has formed consider