Bisbee daily review., 1907-09-01
ANARCHIsTlG. S0cIAusTIC"
 WALKER ON HE SITUATION
Prosecution of Corporations That Defy the Law Not to the Liking of We'll Known Copper Authority, Who Thinks People Will Soon End the Agitation" and All Will Be LoVey-Labor Also Blamed.

George L. Walker in Boston Com mercial.)
 There were no new developments in the copper market this week and the furthr adjustment of prices is still pendinf until the entrance of the large consumers into the market. h. quiry for copper, however. was more actlYe than in several weeks past and the producers and consumers are now getting very near to business. The producers are confident that the un- satisfactory conditions that have been existing will soon come to an end Both the consumers and producers agree that an adjustment of prices to basis that could be maintained over the end of the year would help business materially. There is a large amount of what might be called cur rent or regular business that has been holding off, waiting for more settled conditions in the metal market, hence It would seem to be of the utmost i'm portance for these interests to arrive at an adjustment of a stable basis of prices as soon as possible.
 The leading producers quote nom nal price of 21 3-4 to 22 cents for eiectrolytic copper. and for the pres. ent no large amounts of copper are being offered under that price. It would take very little buying to ab- sorb all the small lots of copper that might be obtained under l9 cents. The lake producers continue to quote a nominal price of 22 cents for lake copper.
 There is absolutely nothing upon which to base an active market in copper shares at the present time and, in the absence of any prunonced influences that might tend either to depress or raise quotations for the copper stocks as such, the trading lacks both energy and breadth, and merely follows the course of the gen eral market in a dull and apathetic manner.
 The crash in prices which terni- mated this week was what I feared months ago when pointed to the dis trust and uneasiness that were being engendered by the attitude of the President toward corporations. 1t has resulted in such a general loss of confidence that the railroads have been unable to sell bonds or borrow money to pay for those extensions of lines and increased equipment which are necessary in a country of grow ing population and expanding prosper fty. I know of a score of instances where industrial enterprises, which together will give employment to many thousand men. are held in check by inadequate railroad facilities, and the cases where shipments of ore, coal and other products are made i'm possible through inability of the rail roads to supply cars are almost num- berless. The explanation of this sit uation is found in the destruction of investment confidence Investors must be satisfied that it will not be made unlawful for railroads to oper- ate at profit and pay increasing div idends or they will sell their holdings of railroad and industrial stocks and wait for the passing of the wave of anarchistic and sOcialistic agitation which now seems to be getting a hold on mems minds.
 The attitude of labor is contributing tn-the- uncertainty in the business world. Labor organizations have talk en advantage of the prosperity of the past two years and forced wages close to the prohibitive level. In instances they have even regulated and restrict ed the amount of work which men may do. For example, bricklayers' union put in effect a rule that no man should lay bricks with both hands; specified the number of square feet of flooring that a man might lay in eight hours, etc. Some men employed sinking a shaft were given fifty cents more than the wages of other miners in the same district with the understanding that they were