Bisbee daily review., 1905-04-30
REVIEW OF LOCAL
 MARKET FOR WEEK
WHOLE BONANZA LIST AFFORDS OPPORTUNITY FOR GOOD
 BUYS.
Denn Also a Good InVestment-condi- ton of Properties and Good Things Near al Hand Give No Warrant for Low Prices Prevalent.
(By Frank J. Graf)

The conditions Ol ln9 NldINeJ lOt Bonanza Circle stock and Bisbee stocks have been very unsettled. To try and give any satisfactory reason for the declines would be useless, as 1t is an occurrence that IS bound to come from time to time, and no one can prevent. There are times when the market becomes overloaded, as the case has been the last week. The investors as well as the spectators look for such actions, and many are prepared for it; those that are frying for short profits take advantage and sell ont their holdings at what they consider fair profit, and war for rhe market to decline and watch 1t in or der to catch what they consider the low point. The investor does not care where the market goes, as he buys with the intention of holding for a long pull, and as a rule comes cut ahead. Many do not care to have their money tied up for such a space of time.
 The entire market has been off and in favor of the buying public, who are always looking for snaps. They cer- tainly had them this week. Calumet X Arizona, with an SS year dividend and with an enormous surplus; is by far the strongest stock that is on the board holding around s1O3 to $105. Those that have money and are look ing for a fair investment are at all times adding to their supply of this stock. In the east there is plenty of money looking for a 6 to per cent investment. and with such prospects as this has we see no better invest ment, more especially when the Oliver will be in a position to block out ore and send it to Douglas, which we un- derstand is not far off. We might mention at this time that there are other Bonanza Circle stocks that offer the same inducements to those that have a little patience. No one can really expect to make an investment and realize a large income in 8 short space of time. Those that bought c. t& A. at $3O to $40 and held it are not losing any sleep at the present. Their investments ~afe-ceSt ainly good, and their retUyns handsome. This TIIfe' applies to C. & P, L. S. & P, P. & D.
 
 up a new shaft, that is located about roo feet from the Lowell shaft, gspat things are expected, and there is hard ly any doubt why they will not be realized. It will take time to sink this shaft and reach ore bodies, but think that the time you have your money invested and the returns that you will get from it. will justify you in holding your stock. |. 6, P. is with 1It doubt the best ground going out side of the .. & A., and it only takes a matter of time to prove it.
 Lake Superior and Pittsburg at S32 and Pittsburg and Duluth at $19 are certainly cheap, and those that are in tending buying P. & D. for an invest ment can not reasonably expect that it should decline much lower, how ever it may. We understand that these two properties should ship ore some time this summer, which will bring them both on a paying basis. as neither of these properties are in debt and. to the contrary, have a nice amount in their treasuries. the ship ping of ore would soon swell the treas
 
 extent. Many ask how the P. & n will ship ore, as they have no tracks or bins at the hOists. This is very easily taken care of, as the l.. s. & P can handle all of the P. & D. ore iron the L. s. & P side, for which the P. 6 D. will pay the L. s. & P. for hOistinf charges. Junction is at present a dead one for the seller, but those that are unloading at these prices might regre it. I do not say that this stock will not go lower. but it is worth the without doubt will go into a mining company some time this fall. Should this be the case, there will be terri ble scramble for the stock, as every body will want to get the big benef that is carried with the development stock. At the present bid prices or this stock it will carry the mining stock at $20 per share, and l wou.C venture to say that the day after tht development company is organized into mining company that you car not get the stock for s30 per share This mining stock without doubt vii see the $40 mark before the first Of tn' year. North Butte at $l9 is a sac rifice. The public do not realize thu greatness of this property, and th' wonderful future that there is before it. Last month this company netteC above all expenses, so we are inform ed, $139,00O. this would mean aDou 35 cents per share per month. If thu present equipment will earn thii on 400, 900 shares, we see no reason why the present management can no make it s2O0, GOO in due time. Ever at 85 cents per share per month it il an investment of about 24 per cen per year, and should the ydouble thei earnings, you would have an invest ment of about 50 per cent per year Figure it out any way you want tc and think you will come to the cor clusion that you can not make a bet ter investment anywhere. A buy i any of the Bonanza Circle stock is good buy.
 Denn-Arizona as a speculation cal not be beaten, or as a speculation t the one that wants to hold for Ion run it can not be equalled. It is eel