Bisbee daily review., 1906-11-16

 Lake anl electrolyuc are selling at 22 to 9 cents per pound, quantity and date of delivery determining the frac- ,tion. There Is practically famine in cash copper. and 1t IS said that a5 high as 24 1-2 cents has been paid for immediate deliveries The report of the large sale of lake copper by the Calumet & Hecla company at 22 1-2 cents per pound Is confirmed. Calu- met & Hecla interests say that con sumers willingly pay 22 1-2 cents per pound for copper.
 There is no change in the foreign situation. Quotations for the metal in the London speculative market are stronger again, and great many Europeans consumers are in the mar ket here trying to buy supplies. So far as can be learned there Is no indi- cation of an early decrease in con sumption and the gain in production lis exceedingly slow. The prospects continue good that the average price of copper next wear will be 20 cents per pound or higher
 It would seem that the election did not entirely eliminate the factor of politics from the financial situation. A great many important stock mar ket interests feel that Mir. Hearst go; too many votes and express the fear that radicalism will continue rampant and be leading feature of the next presidential campaign. On the other hand, it may be said the MT. Hearst personally received less votes than zlsl l.sr L. T
 ic ticket, making il apparent that the | party suffered because of his candi' dacy This would seem to releSaLe
 him 10 the background as Q political
 factor. In view of the wonderful rap, | idity with which men move and con. | ditions change nowadays, 1 think it
 well to forget politics. which canne; find expression again for two years and give attention 70 the factors which are now and likely to be in th ] immediate future. the most prominent The scarcity of monev is the only | restraint which lhe stock market has | Il present. Interest rates are high | md borrowers find it impossible to
 secure accommodations unless they
 have an abundance of first class col lateral. There is basis for hope that
 the Secretary of the Treasury may
 again come to the relief of the bust ness situation sooon by furnishing the ! banks with a sufficient supply of cash
 to keep the money markets easy un l til after the first of the year. when the movement of currency will turn to,
 wards the financial centers.
 Futher increases in copper minir dividend distributions win be forth comng in the near future. The cop i per mines of this country are putting
 out at the rate of 1,050. .000. .o00 pounds
 of copper annually and, with the | price above 20 cents per pound, their net profits are about s1o,0o0, ,00J
 monthly. II nc more new money i than this is invested in copper stocks
 a very substantial advance in prices
 may be expected. I have been talk
 ing about these increasing dividends | for three of four years past, and pre- dieting that they would lead to ad vancing prices. A few weeks ago
 was saying that Calumet Arizona
 would increase its dividend and thal the stock. then selling around sl2o l would advance. The other day it sold
 at sf59. This will be repeated, l he lieve. in several other copper stocks
 and the whole Est will gradually wori
 higher.
 At present prices would especially recommend the purchase of Greene Utah Consolidated. Copper Range Tennessee, Anaconda and Shannon
 Among the lower priced coppers. Ba
 laklaia, Davis Daly. Michigan. CLa ! Ape, and Santa Fe look especially st
 trastve.
 Amalgamated stock is in a ver.
 strong position. Commission broker everywhere remark the usually smal !. amount in speculative accounts. Ther' !, is a considerable short interest in th . stock, also and when the advance Il the general market is resumed Anal . gamated Is likely to be one of th' leaders.
 , Copper Ranges production figure ] for the month of October showed , substantial increase, the growth in th , growth in the output of the TrimouI . tain mine being especially satisfs ], tory. As stated previously, the proi
 poets are now good that Copper Rang
 will considerably increase it's outpu
 during the coming six months
 The Chaflplon mine, oneiiait o which Is owned by Copper Ranse. na just paid dividend No. 24 O. s re share. making total payments to dst $2,400, 900. The Copper Range con pany is now producing at the rate g ,000, 900 pounds of copper annually and must be earning, o nthe preeen copper market. approximately $l2 pe
 shase on its capital stock.
 North Butte has shown consideraol selling of late. which would seem [ confirm the report that the company dividend will not be increased aSA
 A . = IA- ~