Bisbee daily review., 1908-08-30
STOCK MARKET ! VERY ERRAT|C
 AND UNSTEADY
While Reports Are General of Improved Business cOndi- lions Throughout Country Stocks Show No Response.
(BY Frank J. Graf.l

The cratic movement which has been observed inS the stock market | within the past two weeks is in de- cided contrast to the steady and grad
 ual improvement in the business that
 exists throughout the country. There
 is no attempt to deny that since June ! there has been a wonderful improve ment in the mercantile situation, and on every hand there has been sVi- 1 dence of return to at least normal conditions. The trouble with the stock
 market is that the advances within
 the last two weeks have been too | fast, which at this time does not war
 rant it, and it would be much better l if the market would advance gradually | in accordance with the prosperity of the country at large. The money | situation in the east, as well as the | middle west remains practically un- changed, the average rate of call
 money being from l to l 3-4 per cent. At no time will there be less demand
 for the east to supply money for the | moving of crops than the present year.
 On this fact our middle western | financial men seem to pride them selves and are going to show the world that the west does not need help | from the eastern bankers, especially this year.
 l The curb list fails as yet to take any part in the activity that has been ob-
 served in the eastern market, but on the contrary there has been a better
 feeling and more confidence in this | list than for some time past Greene
 Cananea has displayed more or less activity during the week, and shares are being traded in quite extensively. Superior & Pittsburg, which has been examined for tie purpose of listing on the Boston stock exchange, shows livery little change for the week. With the exception of Warren, Copper Gulf and Miami, the unlisted securities show no change Warren with it's low 1 capitalization and its future possibili- | ties as a mine, has been in excellent | demand, due very likely to the fact | that there is no Warren being offered at or near the present market prices. Miami, which has been listed on the Boston exchange, seems to be in good l favor the world over, and of late there | has been 2 great deal of trading of ! Cananea for Miami, which toward the close Of the week made almost even 1 trades. The Copper Gulf and the COmanche consolidation has been per 1 fected, and there is nothing at the present time to prevent this property 1 from going ahead. There is already guarantee that all the debts of the Comanche will be paid, with ample
 capital to develop the property. which
 at the present time ias shelter and concentrators, as well as their own | railroad, and with ordinary good luck
 should be a good producer within the next ten to twelve months.
 The Ray Consolidated, at Kelvin, | Arizona, has sold $150,000 bonds to | Hayden Stone, Company and it looks
 as though the property was getting ! into shape to do business. This prop | eFty was reorgGGized some time ago, | but during the panic and with low priced copper, nothing was done. but
 it now looks as though Hayden Stone, with the Utah Copper interests, will
 do extensive work. This property has
 been idle for years. and was generally known as the Kelvin property.
 Regarding the Copper Gulf and ] Comanche combination, the holders of ] IComanche should not delay ia send l ing ia taeir stock, as well as the drafts l to take care Of their allotment, Or they may bring their stock to me and the
 same will be attended to. Regarding jthe Calumet and Globe development
 stock there is still considerable local
 stock held here that has not been sent i in Holders of-this stock should at tend to this at once. as the company | is winding up its affairs and wish to have matters settled Fifty per cent has already been paid and the balance
 is to be paid within the next thirty