Bisbee daily review., 1906-10-11
WALKER LETTER PRED|CTSb00M
 IN COPPER
Metal, 20 l-2 Cents-Produc-
 ton Increase Smaller Than
 Expected-C. & A. Surplus Estimated at $20 Per Share

Copper continues firm and Is stead | fly gaining in price. Lake is selling at 20 If and 20 1-2 cents, and cleo trolytic at 2014 cents per pound for delivery up to the end of this year. The price of both grades is approx- mately 20 cents, also, for deliveries during the first two months of next wear. The character of the market seems % lort1rm /sle opinion .exl' pressed some time ago that consumers have planned to use more copper dur ing the coming six months than the mines will be able to produce. It IS believed that a very large amount or copper could be sold at 20 cents per pound. Some of the producing com panies which have not sold their en- tire December product are asking 2O3-4 cents to 21 cents per pound. Other producers are out of the market entirely.
 IT is declared on good authority that sales of round lots of electrolytic cop her for December delivery have been made al 20 1-2 cents per pound. More copper was sold and contracted for In September than in any previous month in the history of the trade. It IS believed that sales amounted to be. tween 5o.OOO.OOO and 00,000,OOO bounds more than was produced that month. This, in a measure, reflects tba d;sposition of consumers every where to buy for distant advance de liveries.
 fs Is estimated that the various selling agencies and producing com nanies of this country sold 225,oO0,0et nounds of copper in September, ol which about S5,000, 900 pounds was fol axnort A representative of one oi tha largest producing interests esti mates that the total increase in pro ductiCn this year will not exceed per cent The existing scarcity O labor in all of the copper districts win limit next years increase, ant when the decline in the price or COP nor comes it will not result from oyel production.
 Standard copper has advanced t above eS2 per ton in London, ana sales of "best selected were mad this week at G9S, the highest pric in generation. This is equivalen to 2l l-4 cents per pound, U. 5. cur feQcy- me IOiSiSh oSN per is relatively stronger than tn domestic demand, and a very larg increase in the export movement l apparently at hand.
 THE COPPER SHARE MARKET.
 The coppers have continued 10 a vance as expected. A feature Of th market has been the sharp advance in such stocks as North Butte, Cal met & Arizona, Calumet X Hecia, ol Dominion Shannon and Butte Coal tion. On the curb Davis-Daly, Cur Eerland Ely, Cananea Central an East Butte have been especiai strong. Readers of these letters WI recall that I have repeatedly advise the purchase of ali but one of the! stocks within the past few weks.
 At this writing the monetary outloo is slightly easier. If supply Of ca' can be had to finance speculative O erations, the better class of copp mining stocks will advance this fs and winter to previously unheard
 prices Earnings are phenomenal al he big increases in dividends " continue. It is not improbable th two or three of the companies " declare large extra dividends. If tn do. this will give new impetus to | buying demand by investors as VI as spectators.