Bisbee daily review., 1906-04-08
Marked Revival of Buying De- mand Was Noted in the Eastern Market Last Week. Despite Tight Money,
BIG PRODUCING CO.'S.
 ARE RICH IN CASH
The Copper Mines of the Unit ed States Alone Will Proba- by Earn S80,000,000 Net Profits This Year,
Boston Commercially


 trolytic IS l-2 to IS 5-S cents pen pound. These are the ruling pricei on contracts for June and July deliv cry. Spot copper is selling slightly hiEhc-. IS G-4 cents being bid for lake anI clectrolytic for nearby delivery II is rumo-ed in the trade that there is almcst a famine in spot copper and that prices may have sharp advance
 There is an urgent demand for spot copper in England. The situation there was discussed at sopie length ir last weeks letter. This week has wit messed a sensational rise in the C. M B." speculative market. Best Select. ed" has also advanced to the highest prices reached in eighteen years, it's present quotation being equivalent to IS3-t cents per pound.
 The prospect seems to be more fav. orable to increasing than decreasing consumptive demand, and mainten ancc of the present level of prices is therefore. quite certain. If there is a real scarcity of spot copper, much higher prices are to be expected. That there is such scarcity is alleged by those whose statements have always been reliable. a There has been a marked renewa i. of buying demand in the coppers this 1Sesk. and prices have scored good srec6very. Not a little buying ha: beeH for New York account. Accord ingfo the best information obtainable the strongest financial interests in th' conner business are increasing thei. investments in copper stocks. The! are satisfied that coppers will be the most productive and profitable securi ties that one can hold during the com ing year or two, as earnings will con tinue exceedingly heavy and dividend increases will be the rule.
 All of the leading producing compa nies are rich in cash, and the tre- mendous surpluses now being built up will have to distributed. The dividend coppers are probably yield ing an average of 6 to per cent op the present market prices of their stocks, and their current earnings av craze 12 to 14 per cent, or twice the amount being disbursed. The Is 1-2 cent copper market is here to stay for long time to come-and the prof it's it is yielding, will be pretty sure to supply the motive power for big spec ulatiye advance in good copper stocks.
 The producing copper mines of the United States alone will probably earn sS0,000, 900 in net profits this year. or 65 per cent more than they did in 1905. and 15 per cent more than in 1904. The dividends alone will supply all the funds required to make bigger bull market in coppers than was every previously witnessed.
 Bingham Consolidated is now un doubtedly owned or controlled by F Augustus Heinze and his associates .dr. tieinze is understood to be on his way to Butte for brief visit, after which he will go to Salt Lake City and personally inspect the Bingham prop critics. It is said that the reports O his engineers who recently sampled the company's properties were very favorable, and it is to be expected therefore, that Mir. Heinze will take up whatever stock he now holds un der option, that he and his associates will soon succeed the present officers or the company, and that it's head quarters will be removed to New York
 I understand that MT. Heinze pur chased about 30,000 shares of the company's stock at s30 per share previous to the recent advance, and secured options on a considerable amount in addition at prices ranging up to s40 per share. I am told, also that the Kimberly estate stock amounting to 1000 shares, was solC for $32 per share, but that this par ticular lot was not secured by Heinze
 The purchase of Bingham Consoli dated will probably prove to be one o the best trades that MT. Heinze ha! made in many years. There is gooc ground for the belief that the compa ny's properties are worth betweer S12.000,000 and s15,600,000, or be tween s60 and s75 per share for Bing ham stock. In view of this, it is nc easy matter to guess what the stoci will do in the market in the imme diate future, but 1t would seem tho part of good judgment to buy it or reactions.
 East Butte advanced at the end O last week to higher place than it ha; ever previously sold. The buyln; Of the stock has been very largely for the account of Butte mining people and their friends, and is said to bs based upon most excellent develop ments of ore in the property. Those in position to know declare that tn, company's earnings will soon waTran a price of S20 to s25 per share for th' stock.
 On two or three occasions hay, referred to the fact that East Butte has more detractors than almost an, other company whose stock has re gently come upon the market here When it was selling around s8 to sS I received a great many anonymous letters. the object apparently being tt assure me that I was wrong in my es tinates of the property's value an'