Bisbee daily review., 1908-08-15
REE BsBEE ARzoMA August h 1aoa

" ntranched-unusuall so-was of
itself an Inspiration for increased con-
fldence and aggressive buying 10 an
exceptional degree.
BIG Week for the Copper Shares.
The pre-eminent development in
Boston copper circles was an advance
in the price of copper to a 14-eent
level This it was, more than any
thing else, that put the copper shares
very much to the good. In no week
since early in 1907. when tae setback
was first encountered, has there been
such an active demand for the red
metal and such a prompt response
thereto The actual contracts placed,
roth for immediate and future deliv-
eries, were something enormous.
From an opening quotation around 13
cents the price made steady in
provement, and at the end of the
week il was the general opinion that
Ia l5-cent level would soon be reached.
The natural effect of all tais was to
revive the dropping hopes of copper
shareholders and to bring about an ac-
tive demand and q resultant smart
advance for all the copper issues.
With the supply of floating stocks
greatly reduced and with prices still
relatively low, it was not. after all
surprising that substantial gains
should be recorded. Amslgamated
touched the highest figure that ii has
sold at since last August-and, the
higher priced Lake issues and indeed
every active specially on the list gave
an excellent account of themselves.
Mr.. Lawson's latest publicity cam
paign impaired a deal of strength TO
his long dragging Trinity and carried
1t up to the highest price that it has
touched since July, 1907. Talk of en-
larged copper share dividends in the
near future and fresh suggestions of
a coming copper combine were like
wise helpful factors in stimulating the
prevailing buoyance. Realizing sales.
though at intervals quite aggressive,
were quickly absorbed and recoveries
followed recessions with surprising
ease.
The miscellaneous issues shared tC
some extent in the improvement
shown by the copper specialists
Shoe Machinery in particular was in
fresh favor. United States Oil was
taken in hand again and given
smart lift and there were likewise in
dicatiOns of a coming upswinG fCr
American Zinc United Fruit held its
own fairly well, although at times
inclined to sag as a result Of profit
taking by shareholders who had ben
Gifted by the recent stock dividends
The general market as whole.
though failing to show the same
breadth as did the copper shares. was,
none the less, characterized up to the
end by 2, suggestively strong under
tone.
Saturdays nalf day market gave
a fitting ending TO a week of eXcep-
.iOnal activity and buoyancy. As
natural sequence TO the rather sTdder:
check that was applied u Friday. the
speculative pace was somewhat mOdi- |
fed The price course. too, was bit
arratic and Il was clearly evident that
A new bea: contingent was making an
effort to secure master of the situa- |
rion. AS against this sort of thing, |
however. the market behaved splen- |
didly. At the finish the bulls were
still in complete control. A story
that the labor troubles on the Canadi- !
an Pacific road had been settled was
responsible for an advance in that
ssae to ia; Reading, in moving up
to 12S II made a new high record fig
Ira on the present movements. Anal |
3. r. T and the InteTbOro
ssUes were likewise in good favor
TIE fireworks in Snelters were ap-
ended and il kept within q
narrow range-l61 - and |
i0S rs. Sentiment generally at the fin |
Sb was EriIl ypFgr- nufiT1ictIr
The Boston copper shares were kept |
moving at q lively gait fer a half hOli. |
lay. Mr.. I4awsOH's Trinity did scme |
more cIimbing-p2rtly by reason OF |
MS publicity campaign and partly al |
80 because of his own manipulation |
advancing % pa net gain for the |
week of 2 points. United Copper wa
hardly less a feature than was Triui |
~. with an advance Of IA points to |
I2 IL The feeling as regards this |