" TIPPING."
It will be noted that in most instances the shares which were rushed to boom prices—and some of the Greyhound Racing concerns might be added—have been connected with activities which at the moment were very much in fashion. In not a few instances the public was warned with regard to the speculative character of these ventures, but so long as there was a chance of the response being sufficiently good to ensure an early premium in the- shares, the activities of the premium-hunter or stag seemed to be never ending. Moreover, it is in boom times that the activities of the newspaper tipster are also particularly pronounced, and I have referred on more than one occasion to the regret- table tendency—in my judgment—to give hints to the public other than those actually relating to the intrinsic merits of investment securities held for income purposes. Such hints given with the best intentions in the world, are, I venture to think, not in the long run profitable to the reader, who very often when the speculative fever runs high does not even trouble to read the pros and cons mentioned by the more careful tipsters, but simply seizes on the mention of the- name of a particular share.
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