Bisbee daily review., 1904-10-16
ACTIVITY OF THE soNANZA's
 MINING STOCK.
lBy F. J. Graf.l

kDS F. J. GFdtt
 The week just closed has shown e great deal of activity in the Bonanza Circle stocks. If one had foretold a month ago that these different stocks would be selling at today's price he would have been laughed at and called a fool. They have, nevertheless. and without doubt will hold present prices for he next two weeks. and perhaps continue to advance for some time to come. The advances in the Bonanza stocks were entirely unlocked for. many basing thei- n-eaisons 10 huy tp when they were cheaper. This is d poor policy to adept especially when buying Bonanzas. If you think that they are good enough to buy. buy themf and do not let a dollar or so keep you from getting mining stock that has merit to it and property that you are sure will be handled as min ing should be done This is a trick That the Bonanza people are the lead CTS in without any exceptions. If other development companies that were organized in the Warren dis trict, and dished out their stock by the carloads, had only taken a few lessons or even taken the trouble to get a little advice from these people. We would have many more promising properties.
 Oi the Bonanza stock the one that attracted so much attention last week was Junction This stock a wear ago was net thought very much of by a great many people, but of late they have come to the conclusion that it is the coming property. The very best bid that was obtainabla here on Monday last was SS5 to s37 many thought that this was the turn ing point, and sold their holdings. but were taken up very quickly. This stock advanced during the week to $54, and sales were made at that price, a gain for the week of I9 points Plttsburg & Duluth being a deyeiop- ment stock Cike the Junction. was also a very active stock. and a great oeal of trading was confined to this particular stock. This stock. at the opening Of the week. was quoted at Stos but soon advanced to s8I during the middle of the week. and closed to- night at $50. This deFelopment com pany win be convertd into a mining company on the 25th of this month (so We have been informed) with capitaI;- zation of sS,oOO,00O. $500 .00O to re- main in the treasury, S1,250, GOO to be excnanged for development shares at the rate of two and a half for one Sl,250,ooO 70 be sold pro rata to the present stockholders at s10 per share. payable as follows: November |. s; December 1. So; February 1 s2. and on June 1. the balance of .S2. We would suggest 10 the present stock holders of the development company not 10 wait too long in getting. their stock 10 the transfer office in order that the development stocks may be taken up and mining stock issued in their stead. Lake Superior & Pitts burg being a mining stock. does not advance as quickly as ether develop ment stock, but is a much safer and surer investment in many respects. There is a great surprise in store for you in this stock, which may have Q tendency 10 make it advance. At present We can not inform you, and WaA 4cI yOu kuOW later Calumet 6 Pitts5urg continues to hold her own at SAP to S43. She is worth every cent of it, and some day you will be sorry that you did not get some of this when you had a good chance.
 From the present indications we shoald have Q fairly lively market the com.ng week, and higher prices are looked for. We do not see why any of these Bonanzas should depreciate in valne. as their development certainly warrant an advance. We have many inquiries for Saginaw Development Co, the public realizing that this property lies very close to the June tion, and without doubt has the very best indications for a promising prop erty. There is practically none oi this stock on the market at present and we do not know where we mighi De able 10 set it. I dc not think that t would be out of place to look into this property, as it is certainly a mer. fSorious one. and handled by moneyed men who. like the Bonanza people, are not stock jobbers. but practical min ing people.