Arizona silver belt., 1904-09-15
Advance in Shares Checked by RealizingsSaIes, but Mar
 ket Is Firm
CONFIDENT FEELING PREVAILS
Metal Market Is Firm and Higher Prices Are Predicted. Septem-
 ber Exports May Show a Falling off, but Home Demand Increasing Y

Boston, Mass, September lO.-The market for copper shares has weaken sd somewhat during the past few days, on realizing sales. but there is nothing to indicate a general decline IJ has been characteristic of the mar ket for some time past that 1t merely Incomes dull on recessions, and tra. derS show no disposition to take the hear side. Notwithstanding the as Sertion of some financial writers that tbe public was again investing in stocks, and that the stock market was broadening perceptibly, it may he stated plainly that such Is not the case to any great extent and that the trading is chiefly of the professional order. Nevertheless, the outlook is for a gradually hardening market, with occasional recesSions, and at such times 1t will be safe to buy the better class of cOppers.
 Demand for Low Priced Stocks
 Some of the low priced stocks have of late had quite boom, notably Isle Royale and Allouez, but the rise in these stocks has been rather rapid and on profit taking they have declined from two to three points, and the trading in them Is less active, Latest information regarding Isle R1yale, however, is very favorable, bottom openings in the shaft, it is lid, being extremely rich.
 Osce0Ia and Wolverine
 The Bigelow and Stanton stocks have shown great strength. Osceola at so shows au advance of 2s points from the lowest quotations for the stock this year, and a further advance is predicted. Osceola has increased her earnings and there is a prospect of the dividend rate being increased. Wolverine has been one of the strong stocks among the coppers fur long time, having advanced from 6S, the lowest figure reached during this year, tO 93. There is some reason for this substantial rise, as Wolverine will now pay sS per annum, the divi- dsnd rate having been raised Sl. It has paid sl,770,00O since 1898, when the first dividend of Sl per share was declared. Tamarack advanced 5 points to l20 but has lost part of the advance. There is a feeling that the rise Of Tamarack is scarcely justified, although if the present price Uf copper is maintained Tamarack will show in- creased earnings. Mohawk has also been strong, which is accounted for more by reason of sympathy with other shares than because Of any ac. tual improvement in the props rty. Copper range has been disappointing, the trading in it's shares having been very light for some time. Opinion is divided on Copper Range, although an upward movement in the stock is freely predicted.
 Calumet & Hecla
 A Lake writer says that at Is pres cut selling price of 520 and paying dividends at the rate of Si0 year Calumet nets 7.69 per cent on the in yeStment and is really about the cheap est copper stock on the list because o It's prospect of substantial advance in market value. Calumet is selling in the market for $52 2,0OO, ,000 against its dividend payments of SS6 6,350,00, and against only $l,2O0,0O0 original, paid in on the stock. Probably never in the history of the world did an in vestment of $l, ,2O0,O yield as grea results. Calumet is great proposi ton today, but it is not standing still Another year it will have twenty-tw' stamps in commission against eight cen today and by the end of two year lt should be producing more copper than ever before in its history.
 old Dominion
 The better opinion entertained O Old Dominion is reflected in the rec ent advance in the price of it's share tn l64, Old Dominion undoubtedl made fine record with it's old smelt Ing plant during the first half of tn current year, and the fact that tn company earned upward of $200, il that time, has done much to restor confidence in the property, and 1t l Ieit here that with the new plant com pleted and in successful operation Otd Dominion will soon be on d muc better footing and within a reasonabl period become dividend payer. Tn sV0ck is now quoted at l5 bid, an looHs like good buy at that figure.
 AnunngE, z