Bisbee daily review., 1906-12-16
MOVEMENT l. IN DENMARK. COLLAPSES
Amateur Manipulators Make Mistakes in Calculations Stock Offered Is Grabbed Up at Duluth. n 4ss

sppear in the local stock market en- deavorins to manipulate Denn-Artzona stock, and the lesson which was tauRht to a certain local stock buyer . aA0rs S1mo ago. was again taught wisA a thcf.aghness. that will make the lesson one to be remembered by tho veuld be manipulstors. Denn was tho stoce which the would-be bea- tried to beat down several months agD, when his attempts cost him something in the neighborhood of SIG, GOO
 That Bisbee people made the high market on Dem stock Is admitted by everyone acquainted with the market. and tNe price was justified by the strfke of ore The local buyers were ciose to the scene of operations. and had direct news from the mine every hour or two, whereas the eastern buy CTS had to depend entirely on the in dieatSons which came from the Bis- bee market, not knowing whether the ere would give out, and therefore be ing very cautious The price of Denn went nr leaps and bounds from sl5-Se to $40.6o, closing at that pricf on Thursday evening.
 Some time in the sil! hours of Thursday night the report of reor- ganizaSiou was received in the city. and H instilled in the minds of some future John D. Rockefeller desire 10 buy all of the Denn stock he could without having to pay the price Tor it that the condition of the property warrants leaving aside the reorganf- zation- The embryo dictator of Wall Street communicated his valuable schemes Co a few close friends, andI there in the darkness of night, deep plans were made to fool the dear American people on Friday morning.
 The market opened Friday without any of the excitement and confusion which had characterized the preceding days and several local people who had bought Denn at a low figure and held it were willing to take their profits. 90 they sold at $40, the stock being very promptly grabbed by the ferocioustD beare Along towards the afternoon the bears found that all of the people in the city were not foolish. but were holding their stock to realize ali the lesftimate profit which the property warrants. and the mushroom stock u,anfpulators considered ways and means of fooling the people at Duluth who we're also heavy buyers. Ii was decided to throw small bunch Of stock on the market, with strict 1n- structions to sell it at Duluth several points below the market price, and thereby create suspicion of a slump. The order was telephoned to one of the brokers, and he at once followed instructions and wired 1t to Duluth. About forty minutes after ths telegram had been sent. the gentlemen who had ordered the sale called the broker up on the telephone, and told him to can eel the order, but received the reply that 1t had gone in. and unless another telegram arrived in Duluth before the offer was accepted. the stock would have to be delivered. Then the beart?) showed his amateurish traits by say ing that he would not deliver the stock.
 in due time the reply came from Dn luth that the first offer was accepted and that the second telegram had ar rived too late, and now 1t Is up tf those who were possessed of such pro found wisdom to deliver several hun dred shares of Dem stock al s3s.ot per sAa-e. when the market price j: in the neighborhood of s44.
 The Duluth people had received word direct from the property, ant were looking for all the stock theJ could get a hold of when the offer ar rived. and they scrambled for tt- . It is stated that several members of the bear ring have rendered theil resfgnations. and will not attempt an, more manipulating.
 When seen last evening and aske- caaceFning developments al the prop erty, Superintendent Pstt!son said:
 The Jrfft Is now In thirty feet, an
 the face, ssoes. roof and fioor are sfil in ore of high grade. The percent age of copper in the ore Is prsctfcali the game as yesterday. averaging be tween 8 and per cent have nc
 had any official confirmation of tn report that the reorganization woui take place right away but all of th sdv1c~s which receive from Dulut
 are te the effect that the city is s crazy as Bisbee Is over the strike. rccefvsd c telegram from one Of th
 direetorS of the company this aftei
 noon, .n which he went to the exter