Bisbee daily review., 1906-04-29
The Great Disaster in San Francisco Caused a Decline in the Share Market - On the Whole Tone Is Firner.
NORTH BUTTE SUBMITS
 ITS ANNUAL REPORT.
Heigetia'S Directors Have Ar ranged to Have a New Fur
 mace of 800 Tons Daily Ca
 paCity Constructed at Once,
The Metal Market. (Boston Commercial.l


 BOSTON April 20.-Copper prices continue to show a slight advancing tendency. Lake is selling at IS 3-4 and electrolytic at IS 5-S cents per pound. It is reported that IS 3-4 cents has recently been paid for round lots of electrolytic for delivery this month and next. The scarcity of cop per for immediate delivery continues feature of the market and sales of considerable lots are being made for delivery as far ahead as July and August
 The prospect is favorable that cleo tricai progress will be great feature of the history made during the coming Year or two. The new money recent ly secured by the American Telepnone company will be expended in exten- sion of lines: Waterpowers will be harnessed in various sections of North America and Europe this year. anu hundreds of electric locomotives will be built for steam railroad companies in this country and abroad Electric power is beginning to supplant gaso- line in the operation of automobiles. IL is in connection with the steam rail reads, however, that the introduction of electric power is likely 10 create the greatest demand for copper As is quite well known, the New York Central, Baltimore & Ohio. Pennsyl- yahia, New Haven and Canadian Pa cific1 systems are already introducing .elecaric power. If it gives the re-
 sskQected its use will be greatly exsended.
 He prospect continues good that the
 
 exceed IS cents per pound. There are no surplus supplies, and producers are finding a ready sale, months in advance, for their entire output.
 The Copper Share Market.
 An earthquake is such an unusual stock market factor that it's impUr- tance can hardly be judged off-hand. The great disaster to San Francisco caused a decline in prices, as holders of property in that city very naturally hastened to dispose of their securities and put their floating capital into cash. The only way the earthquake in California is likely to affect the copper situation is by temporarily shutting off the production of the smelters operating in that state. is not believed that this disaster vii lead to any serious business curtaiI- nent in general or even in the far west.
 As whole. the tone of the copper share market has recently been fiTmer. The investing public is growing to realize more fully the tremendous earnings of the copper producing com psries. both present and prospective. Dividend increases are following one another in rapid succession. There is nothing in sight 10 indicate that bus.- ness expansion has reached fiCoitide. or that there will be a nyhalt in the steadily increasing demand for cop per fer year to come. Stock market decGnes like-th present one offer ex- cellent opportunities 10 make new puT chases. 4 great many copper stocks are a5Ni1g much too low, and if money c-rdi;icns cortnue to work ezsIof rFic-s sEoCld have a substantial sd vance. firmly believe that such hign grade copper stocks as Amalgamated Butts Coalition, Calumet & Arizona, Copper Range, Granby, Greene, Mo hawk, North Butte, Osce3la. Quincy and Utah Consolidated shculd be bought on every reaction.
 &H1Si SSsfiafco.
 Amalgamated has declared a divi- dend of 1-2 per cent and Ii per cent extra. This compares with l-e per cent paic three months ago. and is at tho rate of s7 per share anECslly. While | was thought by some t-4aE there would be return to tha original rate of per cent, the present ins-ease will cause will cause quite general satisfaction, as it leaves the way open to another raise three months hsDte.
 I figure that Amalgamated is earn ing at the rate of $20. .00O, 900 annuaIy, O. between s13 and $14 per share Cn it's stock Within a few years iI wlii be making 300. .0D0,O0 pounds of cop per at a cost of cents per pound. and will be able 10 earn per cent on it's 1 stock even should copper sell as low l as E cents per pound.
 North Butte.
 North Butte's annual report was read at the stockholders meeting at Duluth. Monday. It covers the fiscal year which ended March 31, the first of the company's existence. The com pany produced 3,s54.7Ss pounds of fine copper, which was sold at an average