Bisbee daily review., 1908-06-28
There Has Been Some De- mand for September Metal but Prices are Now too
 Low to Sell.
STOCKS SHOULD GO UP
 OF PRODUCING MINES
Walker Has an Optimistic Opinion as to the Future
 of the Market.
cwalker in Boston Com )

CWalker in Boston Coln.}
 Copper is showing 8 decided inn provement in tone. Lake is 13 Is and electrolytic 13 cents per pound, Evi- dence is multiplying that domestic consumption is increasing. American consumers are much more hopeful and are disposed to buy a little copper for future delivery. There has been some demand for September copper. but producers refuse to sell so far iI advance at current low prices. Fro ducing and selling interests are ev- tremely hopeful and confident. Tle concensus of opinion among them is that copper will sell at IA or 15 cents before the end of this year and be in strong demand at those prices.
 The consumption of copper and the market price of the metal depend up- on the business situation more largely than anything else. The great tn- dustries of this country were built up under a government guarantee of protection to property and with some governmental encouragement. Ii that protection is to be withdrawn through the enactment of anti-injunction laws. and if the anaEchistic mouthtngs or labor agitators are to form the basis of the legal code, it must not be eX- pected that industrial activity will continue to expand. The character of the anti-injunction plank which IS placed in the Republican platform by the Chicago convention and the in depreciation of it by the business in- terests of the country, is the vital fact or in the situation at the present mo nent. If conservatism wins in poli- tics, it VII give this country a long period of unexcelled prosperity, and copper will be one of the commodities which will have d substantial advance in price
 The extreme dullness of the market this week has been due to uncertainty as to the outcome of the Republican national convention at Chicago. By Ithe time this letter is published the name of the nominee and the charac- ter of the platform will be known. If the policy of the party is not directly antagonistic to the legitimate indus 1 trial enterprses of the country, busi- ness expansion will be resumed, and security prices will gradually advance Ito a normal level There is every reason to believe that conservatism will have a place in the councils of the Republican party, and that he | business improvement already noted ! will gain impetus rapidly in the re- maining months of the present year From now on all news should be bullisA. and stocks should advance | from 10 to 9 per cent from the pres ent level Of prices.
 Of late the coppers have been the strongest stocks on the list. There is evidence of inside buying Of Amal- gamated and other eading copper stocks. All the large copper produc- l ing and selling interests are looking ! forward to period of great prosper | ity in the trade. and undoubtedly they and their friends are buying the best of the coppers.
 The stocks of all the established. demonstrated copper producing com panies are entitled to sell considerably higher. l am especially bullish on Amalgamated, Anaconda, Parrott.
 Butte Coalition, Utah Consolidated.
 Utah Copper, Calumet & Arizona. Su- perior & Pittsburg, Arizona Conner cial, Shannon, Greene Cananea, Ten inessee, Wolverine, Copper Range and
 Mohawk. Among the low priced
 speculative stocks I would buy Lake
 Copper, East Butte. Utah Apex. Hel- vetia, First National Copper and Ma
 son Valley.
 Arizona Commercial stock is likely
 to be a feature of strength in the not very distant future. Important oper- lating plans are receiving the attention lof the management. and wher they
 are perfected the stock is pretty sure
 to have a sharp advance | A well known mining engineer. who | is thoroughly familiar with the cop { per camps of Arizona and northern | Mexico. told ne recently that he had been through the Arizona Conner ciaTs Black Hawk mine and that in his opinion il was developing into an exceedingly valuable property
 The Black Hawk vein has been drifted on a distance of $50 feet. and
 am told that the ore throughout this distance carries an average of to ' per cent copper.
 In the one or two places where it
 was crosscut 1t was 40 eet wide.
 about half of it being an excellent
 grade of smelting ore. This com pany's stock has great speculative possibilities because of the fact that there are only 100000 shares out
 standing At SIS per snare the whole property, including it's railroad, is
 selling for S1, 800 GOO 1t doesn't take
 long to develop S1 .S00.0 900 of net value
 in 2g-foot vein of 6 per cent copper
 ore. would buy Arizona Commer-
 cial stock.