Bisbee daily review., 1908-08-16
THE MARKETS DURING WEEK
 WERE ERRATIC
There Were Sensational Fur ries and Bears Were Con- spicuous in Trading-con- dition of Local CurbS.
(By Frank J. Graf.

(By Frank J. Graf
 The opening of the market displayed snore bullisa characteristics during the past week than for a long time past, and it is hard to realize in the face of the present condition that sonly a few weeks ago the tendency was decidedly bullish. There has been S great deal more activity during the slst: some new nigh records were N2de. and, in many instances, the C orts were obliged to rush to cover Neir sales.
 That the general tendency for nigh CT prices is bound to continue is ey- ident: it is, however, well for the in yestor to remember that it is presi- dential year and that they should, at ali times. be prepared to provide for temporary reaction.
 The month Of August was, without a doubt. the most eventful for cop per metal and it marked the first great loom of he year in copper stocks. Almost all copper stocks took on good advlnce during the fore pat Of the month, and new high records were made for the majority of them. Dur ing these two weeks North Butte, Butte Coalition, Amalgamated, Old Dominion and Calumet & Arizona have all made new high prices, and taking into consideration the low mark for these stocks there has been a wonder ful gain. Of the lower priced issues the same can be said, more especially vita Cumberland Ely, Greene Cana nea. Superior & Pittsburg and Dem and Warren. Toward the close of the week, however, the market took a turn that has been expected by few and disappointment to the public in gen eral. It was not expected that at this time profit takers would go into the market and depress it, but this was the case. Almost a whole week of profit taking has been going one, ard those that are interested have done well Amalgamated sold as nigh as S75, almost an 8 point drop in a weeks time North Butte showed l:ut little decline, as well as Range and Old Dominion. Greene Cananea sosd as nigh as 13, but this was almost too tempting for some ard brought out a great deal of stock, as well as Supe- rior & Pittsburg, which sold as nigh as F Is.
 Superior & Pittsburg's finding of oIe on the 18th las created a great deal more confidence in the public, and there is no question that the Superior Ss Pittsburg has made good. It is un- derstood that another furnace is to be blown in the coming week to handle Superior & Pittsburg ore exclusively.
 Denn Arizona has been somewhat cratic this week, due to the fact that the Junction has found good body of ore. which Is only 300 feet rom the side line of the Denn. This no doubt will convince many that tnere is ore in the Denn property. Denn sold as high as 4 1-2 to 3-4, which soon bought out stock that was bought ID at ? 1-2 to take short profits. Copper Golf has been in good demand tne lat ter part of the week and it looks as thnuch our eastern friends wanted to get the stock. Tie same can be said of Elenita. ! am afraid that those that sell tn, St3ck will res:e very .zl,Icn. Port tIs-k th2t the Greene Cananea will ever get tdis stock into their organization. Miami has been a very strong issue this week going to 10 1-2. It is a wonderfu property and has something like foul fo six millions tons of low grade orr in sight Cumberland Ely has afs' made good during the week Nlpls sing was tipped off early during th' week for better prices and has mad an advance of one point. The entir' market is much better for this reaS tion and stocks that have been bough up during the week have gone into + yastcrs' hands. where they are yer likely to remain for some time. Tn
 money market could not be better, ca
 money. at 1 per cent for the low mar and 1 IA for the nigh level As Ion as we have cheap money we can e meet to see higher prices all along tn list and good trading in all the ma