Bisbee daily review., 1908-08-09
THE OUTLOOK
FOR COPPER
ENCOURAGING
Has Been Healthy Buying the
Past Week and An Except
ionalIy Strong Undertone-
Some New High Records.
(By Fratk ]. Graft


Considerable more activity has been
witnessed in the copper stocks during
the past week, and from indications
OF healthy buying with an exceptional
strong andertone The outlook is
more encouraging than it has been
since this time a year ago, and all
grades of copper metal have been adj
vanced, and today lake copper is in ex-
cellent demand at IA cents. Large
consumers are in the market for cop
per. who have cleaned up all their
surplus supply.
II looks as though the IA cent cop
per market is here to stay, that is, We
VIII not see cheaper copper for some
time. at least we hope so.
Confidence has already returned to
a great extent. and the copper market
is bound to show better prices before
many weeks pass. 1t may be, how
ever, some time before we see the
high prices of two years ago, but one
thing is certain, prices that viii be
seen from now on will be based on
a different footing than that of two
years ago. We must not be impatient
for it takes time to put up a market
that has been almost ruined, and we
can not expect that stocks should soar
all at one time TO the high point. We
viii see some retraction, which at all
times is great help to the market,
for it gets rid of lot OF scalpers-
The past week has shown many
new high records for copper stocks,
such as Amalgamated, Copper Range,
Old Dominion, North Butte and many
Others, but more especially have the
New York securities exhibited some
extreme advances, especially Union
Pacific, Smelters and Reading.
The curb market at times responded
to z certain extent to the activity dis
PLAYED in the Boston and New York
markets. The demand for curb stock
is getting TO be more dealt in daily,
and has even caused some talk of
forming a curb exchange and take
it out of the hands of the Boston ex-
change.
Superior & PittsbuTg without qies-
ton one of the foremost of the curb
stocks, has been traded in to sons
extent. but not as strongly as last
week, due to the fact that at present
prices it is a purchase, and those that
already purchased the stock see moth
ing to gain 10 sell at these figures.
Greene Cananea has been more or
less active during the week, selling as
high as $500, but at this figure there
was much profit taking. This how
ever, does not signify anything, for
the stock is getting into stronger
hands daily. These very buyers could
have bought the stock at $500, but
would sooner go into the market at
The present time, when the property
has resumed operation.
Shattuck has shown some tendency
to be weak, but during the close oil
the week, with last sales being made
at $500.
DEM Arizona, through the finding o.
ore on the 18th level, has shown greal
strength and sold as high as SAFE
INT toward the close the demand wa:
very light and sales were very few.
Butte & Arizona has been traded i
10 great extent during the week, bu
from all reports from the exchanges
II looks as though Bisbee was makin'
4he market for the stock, and tina
Butte has been good enough to 90 IN
selling. l understand that the plan
is to be placed in operation by tn
18th Of this month.
Black Mountain has been incllnei
TO be somewhat weak during the las
Tart of the weeks market, Tor som
unknown reason. At times there wa
no demand for the stock and 1t wa
drug on the market.
Keweenaw and Hancock as well q
East Butte are becoming firmer Al
better prices are sure to follow,
Globe ConsolidaE ID fails to show an
particular strength, but none is bein
sacrificed at present prices.
Miami at Globe is becoming a gr5f
curb stock and one of the most dea
in on the list This is booked Tor 81
The coming week should be go1
one and better prices should be u
result.
Following are the closing quot