Bisbee daily review., 1904-03-25
Walker Says That
 TENDENCY OF
 Prices Is Upward
BOSTON ANXIOUS TO LIST THE
 BONANZA STOCKS.
Brokers Are Holding Meetings for the Purpose of Dcvising Means of induc- ing Promoters of the Big Five to List Their Stocks on the Boston Stock Exchange.

Copper is holding firm. anG the ten. dency of prices is upward. Lake is selling at 12 1-2 and electrolytic at I2 3-S cents per pound. Home con sUmers are as a rule buying fer i'm mediate or nearby delivery only; and the heavy demand continues to come from exporters. The copper that is going abroad goes direct to consumers and foreign spectators do not appear to be active. as almost no cash copper is obtainaSle in the London market During the week spot standard, has declined Is and futures have ad- vanced IA. The disposition of for eign consumers to buy at higher prices for advance delivery is a most encouraging factor.
 There has been no abatement in the heavy export movement. reports 0 hand indicating that about 13.000 tons have gone from the ports oS>fhe United States during the first half of March. Exports for the 2 1-2 months ef 1904 have aggregated about $500 
 3f.00o tons monthly, or, for the period mentioned. a total of about 77,250 tons. Home consumption is estimat- ed 10 have dropped from an average of about 21. GOO tons monthly, last year so around IT 900 tons at the present time, and to have amounted so far this year to a total of 42 ,500 tons. It would therefore appear that combined exports and consumption have exceed ed the United States production by about 23.750 tons. A considerable portion of the excess has been supplied bv imports of copper from Mexico, Canada and elsewhere. the copper which comes here to be refined; and it is known that home supplies have been practically wiped out
 There is every reason for the be- lief that the heavy foreign demand for copper will continue throughout the year. Notwithstanding the unpre eedented exports Of the past four rnonths, there is steady and active buying for foreign account Best Selected" copper. the equivalent of Cur better brands of casting. is quoted al 60 pounds per long ton in London CT equal to about 13 cents per pound This price provides a good profit for exporters. The foreign visible supply of copper in Europe and afioat contin- aes to decline. and is now at about the lowest ebb ever reached. On the whole the statiscal position of copper is exceptionally strong, and the pros pect is that metal prices will work higher.
 Coppers have shared only lightly in Inc general market improvement that has taken place during the pas. few days. Local traders are not in a courageous frame of mind. and they are disposed to wait until they are quite certain that the New York mar ket is to give a considerable exhibi- ton of strength before attempting to begin side performance here in Boston. The members of the Boston Stock Exchange held a special meet Ing which will result in permanently improving the local situation.
 The Boston stock market is a phrase which means, more than any thing else, the market for copper min ing shares Other exchanges deal in railroads, both steam and electric; in gas companies and industrials, and nearly all of them have some mining securities; but there is no other city in the world that has an equal interest in copper mining securities, and there gre no other stocks in the world which, with proper handling, can be made to offer a greater inducement to spectators and investors. While eoppers are selling at their present prices brokers have an opportunity to lay the foundation for their own future prosperity by encouraging their eli ents to buy them.
 Since it has come to be fully recog nizei that Calumet 6 Arizona is 3 great and valuable mine Boston bro kers have been looking into the Bis bee situation and considering the ad visibility of inviting the promoters oi tue best of the new companies operat ing there to list their stocks on the Boston Stock Exchange A letter ha: been received in Boston from a Lake Superior broker, who states that tho Calumet & Arizona people do not in tend to list any of their companies or our Exchange. He gives as a reason
 6at the publisher of leading fnan edal service here "is attacking tht two leading stocks traded in on tht Boston Exchange, Copper Range ant Amalgamated; in fact, most all of tht coppers, and his paper is supposed tC ke the leading financial 6aily in Bos tOa. Lake people thing he has hur the Boston market more than anything else"
 This should interest those who arc