OCR Text |
Show PORPHYRY STOCKS AND THE STOCK MARKETS An interesting discussion is heard back east in regard to Uie speculative specula-tive value or copper stocks and it Is wondered why the old ilnu issues are given i b- .it', hi i n I hat they once were The explanation is made that the porphyry Issues of recent birth have affected the stock markets as well as the metal markets There are seven porphyry companies, compa-nies, brought oui within me past six ears. with a total outstanding of lu, 380.000 shares of stock It Is stated stat-ed that all the producing companiea i the countn have only JO, ,OQ0 shares outstanding, hence the new porphyries now constitute one-third of the total share capital of the producing pro-ducing copper companies Trading In these new Issues naturally has been diverted trom the older stocks. |