Bisbee daily review., 1906-03-18
El~-
siA cFrom Boston commercial.l

Conner is decidedly stronger. Lahe and alec,roivtic are in demand at IS l-2 cents for delivery throughout the sum mer months and as far ahead as sep tember. There IS marked scarci's of spot copper in this country. ane the foreign visible supply IS smaiiei than it has been at any preylons tune since the worlds production was one ouarter of what it is at present. Enro- mean consumers are out Of supplies and are again buying copper. Amerl- can consumers are booking by far the Iargest volume of business that they ave- did a. this time Of the year. Fortunately, all of the large proouclhs companies are increasing ther out puts. and it is probable that an au, vance to any higher level than zo cents per pound will be prevented.
 The present prospect is that cleo trical development now planned VIII eclipse that of any preceding year, and that next year will record a much stronger chapter in electrical history. It would seem that the price of copper Toust he maintained at approximateis the present level for several years to
 
 stringncy is permitted to grow until it saps the foundations of our lndus trial structure, copper mining snouio continue the most profitable business in the world for many years to come The development in the stock mar ket during the past two weeks nave convinced practically all ot the old school spectators and investors tha the price tide has turned. From now on they expect to see occasional rai lies. but they are certain that the gen eral level of prices will work gradually lower. Tt always has been so ln the past. and history will repeat useH They are as confident of their pos! tion now as they were that bull mar ket could not possibly follow the pani' of May g. leo1,-as they were that ths decline in security prices which beSaI in the fall of 1902 was the forerunne of a 5-year period of acute business depression. They said then: Tt al ways has been so, and history VII repeat itself.
 There is another school, however which says: Every great pull mar ket since the beginning Of stock spec ulation has found its culminauon Il an oyersuppiy of securities Bull mar kets create public demand for stocks l that makes possible the floJation O new companies Eventually the ap petite for new stocks is satisfied and overloaded with undigested non-diNi dend paying securities, the marke goes down to panic prices. As ye there have been no new flotatlons O moment. There is distinct scarci ty of good stocks, and established rail road. industrial and mining compan.e are making unprecedented profits. Tn business outlook is much brighter to day than 1t was year ago. There art larger orders on corporation book and relatively smaller supplies Of rav materials. Commodity prices are ad Yancing, and labor is everywhere em ployed at renumeratiye wages. NJ more healthy business conditions coulc be imagined.
 This year will witness the most re rnarkable metal market conditions T he history of the trade. The big pro ducing companies, already rich II cash, will be able to distribute to thei stockholders fully one-half of theii gross earnings It is not inlprobaOl that copper will sell at 20 cents De pound, notwithstanding the increase volume of production. Such condI tion of things strongly invites the pur chase of good copper stocks and tn formation of new mining companie; Capital is not shy. There is enouS 1f and ventures will be made.
 The only real cloud on the fnai cial sky is the money stringency. money works easier. as it undoubtedl will. we are likely to see much nor extensive speculation in coppers tna has SO far developed. In view of tn fact that Boston brokers have ar ranged to have the coppers quote continuously in every great city fror Portland to Los Angeles and San FraI cisco and from Butte to New Orleans it is to be hoped that Boston banF will cooperate in the work Of makin this a greater and stronger finance; center.
 few weeks ago l expressed th opinion that a market rearrangemeI was underway, that many stocks wei too high and that they would deeiir and others take their places as ma Eet fayorites These coppers. Whic have shown the most strength durlr the past two weeks should now prov the safest and best ones to buy
 would buy Greene Consolidated, Co per Range. Utah Consolidated. NCr' Butte. Granby, Calumet 6 Arizon Osceola, Butte Coalition, East Butt Centennial. Michigan, Helvetia al Butte Exploration. All of these stocl should sell much higher. The flr seven named are dividend payers ar excellent investments. and the othel are attractive speculative purchase
 Arizona Commercial properties al being examined by engineers employe by Thcs. F. Cole and associates. Thes interests have purchased and hondt many claims which together almo conplefeiy encircle the Old Dominio United Globe and Arizona Commerci; properties. and they are now nego