Bisbee daily review., 1905-02-14
Calumet, Mich. Feb. 6.


 Calumet, Mich. Feb. 6. The past week has brought us some keenly cold weather but the tempera- ture is now moderating. Stock trad ing has not been overly active. but everything on the list continues firm. The prospect of the c. & A. declar ing only the usual $1.5O dividend this month has pulled out the support from under that stock and it closed weak at 107-109, with prospect, so the brokers say, of it's going under the hundred mark, if the $2 dividend fails to transpire. Traders all say the c. tS A. is worth the money-that is the property really has the intrinsic vaule in itself owing to the remarkably fine showing of de velopment workout for all that it is felt that active money can bring bet ter results than by holding u Tn C. & A. stock for the present.
 P. < D. was the feature of the week and was favored with strong invest ment buying with an equal amount of liquidation in C. & P.
 L. s. & P. sold up early in the week on report of the new ore strike On the HOO foot level but after the 5G point was reached consIdera9ie stock came out.
 Comparing C. & P. with l.. $. & P. and P. & D. some local brokers aver that the first named stock is not a good buy as it is six months behind the other two companies named, in development work, and has nothing like a similar ore showing. They say also that the vast amount of water the C. .2 P. has been compelled tC handle must have cost that c;'npany a very considerable penny and they feel that the compa1y's rep 'rt will show that they have been compell- ed to borrow money to carry the thing through. However, if C. & P. goes ahead and opens those ore bodies those things will not matter very much and the stock will doubtiess be able to double itself within reason able length of time. There IS considerable street talk here regarding Junction, and many are telling those blood-curdIing stories of how rich they could be now if they had only bought Junction at 12 and fl and similar fancy" prices.
 You will recall how in :he cariy history of Junction people talked of it as only a gravel bed" anl an annex to the cemetery and no one could be found to speak good word for Junction, except some one who had all the car marks of poor imbecile. Now we have people who would be 4H..A tery if they could only have the min eral rights included in the purchase agreement
 The talk of two more companies en- tering the list within the course of few months of course makes fine read ing and our people are already to use the money which dividends would bring them but just the same they won't be sorely disappointed if those dividends do not transpire within the immediate future. Calumet people have learned to be good walters, since many of these home companies here in Michigan have needed to use up a good deal of time before they fin ally and actually reached the dividend basis at last.
  ny's general meeting at Ishpeming last Saturday was quite well attended and the control has been transferred to this big copper camp, all of the new board of directors being HOugh- ton county residents. The new of tiicials are now busy outlining new plans for the proposed prospecting and development work to be institut- ed on the property. The report re- gently issued by the Huachuca Consol- dated company and which has just reached copper country stockholders, is very good reading after a long per iod of absence of news from the prop erty.
 1 have not yet heard many expres- sions of opinion on the report but be- lieve the stockholders have good faith Tn the present list of officials and are well pleased with the results attained by the mines.
 Wolverine and Arizona stock con- tinues firm so far as can be learned, but of course there will be no trad ing until the books reopen on the 22nd inst.
 Locally the Boston stocks have been inactive lately but there is no tendency to lower prices noticeable. Quite a few of our most active anl heaviest traders are fled to the south to escape the Lake Superior zephyrs which at this season of the year take on a vigorous strenuousness
 -O
 MORE INDICTMENTS