Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1899-03-31
new MEXICO COPPER.
Boston and New York Investors Are More
Than Ever Looking Toward New Mex
leo As the Coming Copper
Country,

SSuhOA
A Boston party of prominence was
at the Palace hotel today, having come
from the east last night, en- route to San
Diego, Cal. The personnel of the party
is Mr.. and Mrs. r. H. Jenness, Mr.. and
Mrs. c. w. Grose, Mr.. and Mrs. S. F.
Bickford, and Miss o. A. Davis. They
continued westward this afternoon. The
gentlemen of the party are all Boston
mining brokers and investors, at pres
ent interested in copper in New Mexico,
and particularly in the promising prop
critics of the Santa Fe Copper company
in the southern part of this county. The
gentlemen have just been looking over
San Pedro, while the ladies enjoyed
themselves at the Montezuma hotel, in
the meantime.
Mr.. Scott F. B%ickford, one of the
party, is of the stock and bond firm of
Bickford & Richards, of as Congress
street, Boston. He said this morning
that Boston investors were greatly in.
terested in copper claims and proper
ties at all times, and that it was COM
p~aratively easy to float copper projects.
He was surprised to find that the mar
ket price had zone up to q cents, as it
was Is when he left Boston, an. il was
thought that was a pretty stiff price.
Bulling the prices of copper was the
means of starting a good many wildcat
schemes some of which We're eagerly
picked up, until a break came in the
market, and hen some investors We're
sure to find themselves bitten. That
there has been excitement in the Boston
copper market is evidenced from the
fact hat the stocks of n company,
which was selling at 2 cents per share
before the reorganization of the COM
pany not long ago. are now selling for
SIS, and they have Deer up as high as
$24. The stock of another company was
selling at Is cents, when the
market went up and the for
tunes of the company took a sud
den turn and $4S per share was the rul-
ing quotation last he heard of it.. Shares
selling at So some time ago We're now
eagerly sought for at 500; and SIS and Sc
stock is now listed at $40. This is no
fairy tale, but actual fact.
The future of New Mexico as a cop
rcr proposition is becoming more and
more prominent in the east IN New
York as well as in Boston, but more
particularly in the Boston market, and
it is reasonable to believe that large
blocks CT capital will be coming this
way from the Hub of the universe for
investment in New Mexico copper prop
critics. Mr.. Bickford said hat hls party
had a mining expert with them, Pro-
fessor Griswold, of Harvard university,
whom they were to meet this afternoon
Jenness and Grose went over the south
ern part of Santa Fe county, and are
impressed with the lay of things down
there, and particularly with the Ortiz
ty did not have time to visit the south
ern part of the territory this trip, but
they We're coming this way again
shortly, and would go to Ell Paso, and
thence up through the great copper
properties in Grant, Sierra and western
Socorro. Mr.. Bickford is a very intel
ligent and shrewd observer, and it is a
matter of congratulation that such men
as he and his associates are looking to-
ward New Mexico as the coming coun-
try for copper.