Bisbee daily review., 1905-02-09
MICHIGAN FALLS
 BEHIND ON BONANZA BIDDING
TRADING WAS CONSEQUENTLY LIGHT ON THE LOCAL MAR
 KET YESTERDAY.
Denn-Arizona in Much Demand-Mar- ket Opens for Wolverine 6 Arizona An American Development Showing Breaks Bonanza Record.
(By Frank J. Graf.)

We had another day of inactivity m the Bonanza Circle stock. although there was considerable stock cnanged hands.
 We had all kinds of bids from the copper country, but they were all un- der the bid prices that we had, and naturally no trading could be done. Ev- idently our Michigan friends and ger respondents are not aware to the fact that we still know good thing down here, and that we have not as yet start ed to give stock away. We had or ders from the Copper Country to buy Junction at s1o5. Well, I guess that would be a good buy at that figure. We are in-the market at this price for 200 shares. Calumet & Pittsburg showed considerable signs Of weak ness. The best bid that could be oh tained today was s4S, but we know of no sales at these figures
 L. s: & P. is in some demand at $52 Pittsburg & Duluth. although very dull considerable stock changed hands. Some are buying for an in vestment, while others are taking their profits We have nc doubt that this will become a good property in time to come, and those that are able to at ford to hold their stock till that time will realize a good benefit from it.
 Regarding the Dena-Arizona, there is considerable demand for stock. but as none has been delivered, in fact no one knows what allotment they are 10 be given, and consequently are unable to sell that which they can not deliv- CT. We have had bids today at SI.Z5 for 90 cents stock. This looks good for D. & A. We wish to state that many are expecting to get somewhere near their subscription on the allot- ment. 1 am sorry to state that there will be many that are going to be dis appointed. Altogether 1 think the amount that has been subscribed from Bisbee will reach very close to the 1S,000 mark. and will consider our selves lucky if we get one for every three that we subscribed for There will be considerable cutting in the list and we will have to take that which IS allotted to us and be contented.
 We are in the market for Wolverine & Arizona Development Co. stock There has been quite a number of dis satisfied parties that are holders oi this stock; if they are still m thi; mood We are in position to handle : few hundred shares at a reasona )lC price. Mind you, it is not Ouc 6usi ness to advise one way or the other but if you really want to sell now il your chance.
 We wish to call to the attention O the public an example of the strengtl of the Bonanza Circle people in th new property that was bonded feV months ago by q number of the 3c nanza people. We refer to Americal Development Company. This compa ny was organized a few months az with 12,OOO shares, at $1.30 paid 1T This amount paid for the first pay ment on the property, which held tn property TOT SOllc HNliS liihC- II stock. as l understand, was issued be tween ten men, and held within thos ten only. Today we are advised tha some one of the party sold a fe' shares, the first sale that we hay heard of, and selling at s75 per shar' The original holder of this stock gel four shares for each present share tha he holds, and when converted into mining company gets five for one. other words, holder of the preser stock development gets twenty share of mining. This is certainly recor' breaker, but anything that the Bonal "a people get hold of the people aE willing to place their money wit them.