Bisbee daily review., 1906-08-05
Metal Has Firmer Tone, and a Good Advance in Coppers is Predicted by aWIker in the Near Future.
CONSUMPTION OF COPPER
 AT MAXIMUM VOLUME
Speculative Makrets Ahe in
 Much Better Shape Than They Have Been for Several Months Past.
THE METAL MARKET

The tone of the copper market IS firmer and prices remain unchanged. Lake is held at IS 3-4 cents and cleo trolytic 1S1 1-2 cents per pound. There have been small sales of both at the prices named and some inquiries for lake at IS 3-4 cents. for August deliv- cry, have not at this writing been sup piled. The discontinuance of produc- tion at the Atlantic mine is already being fe% and now that the Quincy mine is idle, its trammers being on a strike. and Tamarack's output greatly reduced by the fire in the mine, it is quite certain that lake copper will not be offered down in the near future. Producing interests report business quiet. but many of them believe there will be a rush of buying later and that prices will go higher. The continued scarcity of spot copper is all the evi- dence they require 10 convince theET that the present level of prices will he maintained at least until the last Of August. The consumption of cop per continues at maximum volume Some time ago they were willing to buy copper for three to five mo1:hs
 
 show a disposition 70 buy or the hand to mouth sca!e oDly. The le- ports that there have been consider able sales of copper al 1S 1-S tn IS 3-S cents per pound cannot he confirmed
 The continued rapid advance of cop per prices on the London Metal ex- change is believed to truthfully reflect the actual conditions existing in the European market Manufacturers there have not yet supplied their needs and they are only beginning to buy copper.
 COPPER SHARE MARKET.
 Speculative markets are in much better shape than they have been for many moths past and the character Of recent operations leads me to be- lieve that prices will go higher during the coming two months. Though the outlook for a continuance of present. excellent business conditions is not en- tiTelv reassuring. the position of s. curities" is exceedingly strons. Com, paratiyely few stocks are bing car ried on margin, new issues have large y been absorbed by nyestors and the buying power of the public is so great IS to defy comparison with any pre- viOus TfeTfoi in the cOUtry's history CIOijH are SUDu, GleClIlc power IS growing in popularity; foreign busi- ness conditions are improving and cop per producing companies are earning tremendous profits.
 There is more snap in the specula- tive temperament now than there was in former times and it is within the range of possibilities that we may see a big bull market between now and the beginning of the fall elections The hest of the copper stocks are at tractiye at present prices. whether we have bull market or not. If specu- latiye conditions continue to improve those stocks whose prices are low az compared with current earnings will advance as much as any. Even if the worst kind of a bear market develops. the following stocks will still be ex- cellent investments at prevailing prices. Utah Consolidated. Copper Range. North Butte, Calumet & Ari-5 zona.z Greene. Granby. Butte Coalition, Boston Consolidated Utah Conner AL louez and Bingham Consolidated.