Bisbee daily review., 1907-12-24
CURIAILMENT
RFGIkkIkG
TO BE FELT
Eastern Journal Is OF Opinion
That Situation VIII improve
Greatly After the First Of the.
New Year.

BOSTON, Dec 2s-The metal sltas-
too siili sheEs no tEupetas Tor a. ~.
waxa z2ozemeBt DBly lsose coIa-
pznies that have need u Fezay cash
lave been IL the n7asket as active sell
ers IF the metal
There has been almost entirely H.
qHiAatea that eEass Of selling that
came from very snlAli properties in
fhe development stage that 10 many
cases has Eery little copper ct smeit-
era and is one odd place or another
shiah they have bees from time 20
time forced 70 SCI.
This class of producer is entirely
out N the market for 3 long tine 10
come. Those that have Development
work to DO have the money on hand
10 continue The york under present
coHditions and are not looking Tor.
ward 10 any productive activity until
The price OF the metsl starts I'D again
The cultailment IS no Nbeing most
aet5yeiy 1elt and Il vii continue 70 be
. feature 81 this market for the metsi
foT a long time 10 come
Stlsi verse things are reportsd from
Butte where about tss only production
coming from the camp will be that
from the Boston G Montana smeiter.
rhis production Ii now Of an estab-
lished amount The Boundary Greek
district Is out of II for SOME time 10
come, and even Mckee Is feeling the
strata of The situation.
This IS as Il should be, and the turn
OF the year will see the metal situA-
ton at its yery lowest cob; IT will take
about 30 days TO begin 20 get things
started Up again as they should be.
While labor has been reduced IN
price all over The country Il II stu
selling on the basis Of very extraoFd
mary times; for the normal Of the
Past two years Is much better thAH
NE average. Labor aud al eommodi-
ties haFe % 20 much lower before the
situation viii be permanently i'm
proved
I an still expecting 10 see the metal
sell considerably higher in the very
near future.
The activity IN Old omini0n, which
has been a very evident feature Of the
Issue. Is because Of The further de
termination Of the big vein which was
struck on the property about 4 year
ago This vein, II IL shows confirm
ny win make the Old Dominion about
the richest thing in Southwestern Ari-
IONA ana viii place it in a position
ghere il wiz vie with the Copper
Queen and lie Calumet & Arizona
Ii has always been my belief that
old dominion would Develop int that
kind Of a property. 1t Is a long story,
this development Of mining properties
and the Old Dominion has as much 70
show for rs zine as the majority The
present price for 1t is not high and 1t
is a purchase on all breaks.
The strength in Old Dominion heIp-
ed Arizona Commercial which stands
to benefit by the proof that the big
saiphide vein extends to great depth.
There is much speculation yet as to
the size of the next Amaigamated div
idend. I think that the market posi-
tion OF the stock would be stronger
with the dividend entirely cut than
with an additional cut to- so cents,
Even if the company should during
1908 pay two dividends of SO cents
each and the two of 81 each, giving
the same average amount as during
the current year. it would be much
better to withhold for one quarter and
then to pay the dividend in the form
of one-dollar quarterly dispersion
: / believe that those VINO Jump in on
the issue when the announcement OF
the cut is made and sell the stock will
regret it.
Those who have carried the stock
down a long way viii also do well to
stand by it. For them the slogan is:
DO not sell out on the bottom as
usual"
Anaconda is certainly out for pas
sing of the dividend The stock has
1een very closely held and not enough
OF It has been put into the market TO
suit the insiders who want to buy it
for their own speculative purposes.
The public has been a steady aeeUmu-
Iator Of the issue
North Butte is gradually sagging
away toward the price at which 1t
should always and at all times be a
around s35 share.
Those who have Superior might do