Bisbee daily review., 1908-08-08
COPPER SHARE
LIST ACTIVE
PAST WEEK
How the Market Has Been on
the Boston curb-Leading
representatives Report Firm
Metal Prices.


BOSTON, Aug. THE week start
ed on with a considerable degree or
activity in the copper share list. main
u finding expression in an advance In
the Butte copper under the lead of
Amalga-nated. North Butte and Butte
Coalition. Later in the week. after
the declaration of the regular so cents
a snare on Amalgamated. that stock
showed a tendency TO react and the
trading interest on tTe others rather
died out The gain in price was well
held. and Boston & Corbin kept up
the interest by scoring a sharp adj
vance TO new high mark.
The Lake coppers were more or
less neglected in the weeks business
but while dull they did not show any
inclination to sell of.
The very encouraging feature in the
situation is the fact that here are APP
parently very few coppers pressing
for sale and continued easy monetary
conditions make it much easier to
buy and carry coppers than was the
case a year ago.
The Metal.
Leading representatives In the met
al trade here report that the market
is firm and that the outlook is for IN
Improvement in prices before long.
At the moment prices are practically
unchanged. but it is figured that any
increase in the demand would quickly
put them up. That the mining inter-
ests are Of this opinion is clearly
shown by the fact that they are not
now pressing their stocks for sale
and are little more independent than
they have been. They are selling
right along and have q stock on hand
but they seem to be willing to hold
back in anticipation of improved
prices in a short time
This is true both of Lake. copper
and electrolytic, according to informa-
ton at hand from mining men and
brokers here and also in New York.
At the moment Calumet & Hecla is
selling copper at IS cents and the 9TH
er companies at tie Lake are but lit
tie under that price. Some of them
report sales at 13 cents on 80 days
but no sales have been reported so
far at that figure for cash. ELECTRICITY
fc, on the other hand, is quoted uD
changed at 1850 to 1875, with the sell
ers not pressing their goods.
Tae general Improvement which is
noted in business throughout the coun-
try is, of course, a very favorable fac
tor and the general impression is that
this Improvement will continue indef
inftely and that means an improved
demand for the red metal. When the
rush does come there will be big
boom in prices and the buyers will be
scrambling for stocks inst as they al
ways have done They always wait
uRtil the last minute rather than stock
up ahead and the present time is prob
ably no exception to the rule.
This all means that the market for
copper stocks must continue to inn
prove and those who are buying now
and putting stock away will reap the
benefits that are sure to come to them.
Calumet & Hecia.
Calumet & Hecla is selling copper
right along at 13 cents pound and its
officers are not worrying about being
put out Of the business of producing
copper. no matter what may be the
final outcome of the cases now await
ing a court of decision.
The Calumet can make just as big
a mine on the Kearsarge and Osceola
Iodes on its own property as it has
had on the Calumet lode There is no
pressure to sell the shares, which in
ulcdteS Ile commence OF the STOCK
holders in the management and the
future OF the property.
Wolverine.
There has been some quiet buying
of Wolverine in a small way and the
stock is very firm around 1872 to 1874.
There is not much new to be said cOu
corning the property. The mine
turned out about 5000 900 pounds OF
copper during the first half Of the
year and will doubtless show pro.
duct of about 100000 pounds for the
fiscal year which ended June 80, and
the annual report. which will be is
sued in the early part Of August, vii
probably show that this product was
made at a cost not exceeding pei
cent a pound On a 13-cent copper
market Wolverine can show earnings
of $500. 600 net, or SO share. on it.
outstanding capital stock. One divi
dend OF So has already been paid in
1908. and it is likely that the Octobe
dividend viii be at the same figure.