Bisbee daily review., 1906-06-09


 ent 10 call for httie comment. The situation seems, for the time being, to be one in winch the bulls and bears are eontending TOT mastery, "ith the outcome of the struggle aOout .yenly divided. The market ge>s T day tf apathy and then a day of "ctiyity. rront-taklng applied to certain sps- cialties brings occasional sharp reac- tons, but immediately upon the ,e- nloval of this pressure, prices rebound with an energy that is most neour- aging. For the past few lays, the coal shares, more perhaps than s'y-
 thing else, have commanded attention
 md n the light of the relatively si all
 business doing. the strength ,harsc-
 serizing the same has been something gonderful Indeed. it has been this strength more perhaps than anything
 1ise that has imparted strong unter- tone to the whole list. So long as
 prices do not go off, even though the
 market display exceptional Gullness,
 bull traders are we'll satisfied. And it has centainly been demonstrated in a very emphatic manner that the bears are powerless to scale market prices to any considerable extent. The in nerent conditions continue thoroughly sa atisfactory.
 The scare" occasionei y the San Francisco earthquake has been en- tirely overcome. The noaey market
 IS developing an increased ease cry day. Railroad earnings are steadily
 showing exceptionally large gaiRs-a lact that ccun.s pelhaps more than al ything else as barometer of the prosperity still running at iull tide
 oy CT the entire eountry-and industrl- al conditions are all that could be well deslred. From the trading standpoint, therefore, the outlook is very favora- ble, but, for the time being, specu- lf.toIs and inves -ors are in a mood to
 await definite developments and pend ing the naturalization of these, the
 nial lIet is naturally rather slow. -The trust investigation fever has about run its course. The worst in thls di rect,on seems to be known and the sPasm of apprehension created by the earlier developments, has passed. With the adjournment of Congress- which is now promised within the next two weeks-there ought, as the | best market judges view the situation,
 to develop an increased confidence
 a relief from the handicap which the varfsble Congressional measures has
 created--and a resultant buying move
 plent on 6 big scale, which should, in trrn, give market prices a very smart i uplift. Therefore, when everything is ! taken into account, the market slJua- | ton for lhe moment can be succinctiy
 measured by asserting that it occupies S-fr rhsf fAtrf- i look is thoroughly promising one. Copper Shares Again Growing in favor The continued phenomnnal strength 1 for the copper marhet-which as yet
 shows no suggestion whatever of any | let-up-coupled with the prospect of
 numerous increased dividends on the stocks of the larger producing com l pcnies in the near future, are togeth-
 CT keeping the copper shares in very strong position, even while the trad | ing in the same is not as active as
 most people would like to see it. Al
 trough there has been nothing in the l trading in past few days that could be | properly designated as an important ! feature, the quiet undercurrent of | strength in evidence has served to | inspire deal of fresh confidence in | the situation. There has, it is true, been some disappointment expressed
 because of the cratic course taken by Amalgamated and Anaconda. Both these properties are earning enormous ly at present and could pay dividends i considerably larger than they have
 been paying of late. And this fact has naturally made the irregular course of the stocks a subject of much gossip and guessing. The people who
 delve below the surface, however. fig ure out that the failure of these issues to respond to the inherent conditions
 has good reason back of it, and that it means. if it means anything at all that the big insiders are notsyet ready to allow their specialties to do much
 climbing.
 In the meantime, there is every req
 snn to believe that these same people are quietly accumulating both stocks
 at the lowest possible level and that in due season and when their plans are fully matured. "the L> will be
 lifted" and they will be permitted tc
 do some very lively soaring. Of course lshe copper share market as whole which always waits, on these two lead I AhS opcCAa3siScs isAS NloS6cu aiOuS IA the sruts" and has furnished ''Lhe
 street" with little or nothing in the tway of the spectacular. Confidence
 in the copper share situation as 2
 whole is stronger today than it has been in many months past, but some how the average trader seems to lacl
 the courage of his convictions and f.
 naturally waiting for the "othe- feI
 iaw' to take the initiative
 | Th> Biz coram Combine.
 I Mir Joseph A. Coram was back a
 his desk in Bostan on Monday, aftel a six weeks trip to Montana. Utah anC I California The chief purpose of hii trip was, as is well understood, ,hs
 perfecting of he arrangements pre-
 liminary to the flotation of the Butte ! unit" of his proposed big copper com bine-the Davis-Daly Estates Coppel
 Go. He was successful in accomplish ing the work he had in hand. even be [ yt nd his most sanguine expectations