Bisbee daily review., 1907-12-15
PRODUCERS
NOW HAVE
WHIP HAND
Writer in Financial Journal
Takes This View Of Situa-
tion-WiIl Get High Price
for Metal.

for Metal.
Writing the "saatist, well
known Eastern financial paper Len
RoX has the following to say concern
ing the copper situation:
Everyone is coming around to my
view that the copper market must go
higher before it goes lower. The
weight of authority is a good thing
| to have on ones side, but facts don't
| change much and anytime you see
/ copper selling under 10 cents a pUunu
] you can make up your mind that some
| one is losing money. This state of
affairs will continue just as long as
! the price of all commodities contin-
! ues on the present high level.
All through this country, however,
| we are going to see curtailment in
every direction. Those who are in
reality not POOR are going to curtail
aud save. Hence lower prices must
must come, and before Spring all the
mining labor will be in a much more
| conservative. state Of mind than it is
| at the present time. Up to now they
have simply been threatened with
hard times, but all through the pres
ent winter there is going to be very
| little work in all the camps and we
all know what that mcans-at least
| such of US as are acquainted with life
at the mines do.
But the copper that is now being
manufactured will be sold at much
higher prices for the reason that the
/ producers have the whip hand, having
| production wen to the weather side Of
! consumption and hence the control of
the market
Amalgamated is beginning to ZEE
the weight Of the uncertainty about
the dividend. The closing down OF
| the cOmpauy's timber properties is
that the company is not going to upsh
development work during the winter
months.
There are suspicious in some quar-
ters> that a big bear campaign will
soon be started for the purpose Of
giving the insiders low stock. 1 don't
believe 1t, for 1 think that the insiders
have accomplished such purpose a
long time since. Some OF the extra
ordinarily smart bear element that
went short Of the issue above 10 was
still bearish around As and has not
yet covered. When this interest real
~ starts in to do SO there viii be
some fireworks in Amalgamated. Tie
issue looks heavy at the present time.
] estimate that it viii take the prop
eTty about 60 days to get undsr Iu1,
Roadway when the conditions Justify
y.'h prog 'l4te
Anaconda drags along in the wake
Of Amalgamated without any decided
action either way. ....
Taere. is some good news from the
AlloueZ, although it is expected. It IS
as well known as anything can be
that the property has the rich ground
there just waiting for the shaft to
reach 1t so that the future Of the nine
cal be exactly guaged by the rate or
progress of the shaft.
Allouez At $50 is a bargain aud al
though some Of tb9 gsople who were
~ IGT5zcC5 % SCI sum- On Jus STOCK
:s!cE =ss5 net TGT very plentiful around
S19 and $50 think they have Z profit,
the shares have not yet started to 20
up. Those who hold for the long pail
viii make the big money.
The same OF. Centennial The -=urlA
that Manager MacNaughton has ex-
ecuted since he came into control OF
the property has been fraugFc With
the best results, although taO we're
practically certain at the time the
s.rCg zrty's Lake management passed
,IGgr Calumet & Hecla control Still
Z. II comforting to have things turning
out the right way.
Superior has been strong on the
curb for the reason that there has
been some buying and there is no
stock. This is the plain simple rea-
son, and while it is not mysterious OF
devious it is the only one
LaSalle looks equally good and
should be bought for much higher
prices on the long pull.
Boston & Corbin has been acting
strong on the curb. The condition CT
affairs at the property is constantly
on the improve, and it now looks as i.
the concern would be able to max,
good money right along as soon as
there is any sign of life in tae metal
industry.
Balaklala shareholders do not seem
much encouraged over the situation.
There is a decided lack of confidence
in the present management of the
| property and the local shareholders
vii! evidently do something to protsct
themselves. In this connection it
may be well 10 note that the share
/ holders OF the concern viii probably
( do all the appointing OF people to rep
/ resent them-and al seR-appointed rep
[ resentativeS will not go.
The worth Of the miae Is well under
+ stood, AID all that is needed IS a
( capatka manage nent to make It a go.
4 NJ present TIC property seems to be
Owned and controlled by a large NUM-
her e conflicting interests. snls Is
ne OF the most diseouraging things
. about the entire situation.
None Of the properties south OF
/ Portage Lake In Ontonagon county
| seem to have any signs of the Baltic
4 lode. All of them expect It. but their
/ diamond drilling seems to have
amounted to little even when directed
by eminent geologistsS
The formation OF the south country
seems little understood. Too nrcie
work has been done there to enable
the mining sharps to predict with GER
tainty what the course q the lodes is
and what their Identification
A very reliable mining man tells me
i that Superior e Pittsburg Is looking
better at the present time than ever
10 Its career. The Boatson shaft has
j rnore ore in sight tan ever before IN