Bisbee daily review., 1908-09-13
COPPER MARKET DEPENDS UPON
 TRADE REVIVAL
Walker Says It Is Claimed By
 Some Metal Trade interests
 That Copper Is Actually
 Becoming Scarce Again.

Copper is stronger, and the mar. Ret shows rallying tendency. writes George l.. Walker Lake is E 7-s to IA cents and electrolytic l3 5-S 10 IS 5-4 cents per pound learn posi- lively that lot of 10000 pounds of Lake copper was sold last Saturday at IA cents. In view of the fact thaa
 this followed transactions as low as l3 5-S to 13 1-2 cents earlier in the week, it proves that the market is in a much stronger position than had been generally supposed. I.ately.
 however, metal prices have dropped littIe)
 It is claimed by some metal traus interests that copper is actually be- coming scarce again. They declare
 that as much as 10,000,0 ,000 pounds
 could not be purchased for Septe-npcr
 delivery from any other source than the United Metals Selling company,
 and whether that company would sell
 as much is not known. Some copysl
 is being sold for advance account.
 few producers have sold all the con- per they will be prepared to deliver
 in September, considerable contracts
 have been made for October delivery and some for November. A number Of big consumers are known to be in the market all the time watching for opportunities to buy copper at frac- uonally lower prices than those quoted. Domestic consumers. as a
 rule, are carrying very small stocks;
 and as their view of the business sit
 nation is much more hopeful than lL aas been for long time past they are buying copper in increasing quan- titles.
 Big Ones Are Busy. The copper market continues to depend upon the rapidity with which the general business revives and the extent to which the industrial im-
 provement will go. The big electri-
 cal companies are very busy, especial ly in their designing and sales depart
 ments. They report a tremendous
 number of inquiries and much larg-
 CT amount of prospective business ] than at any previous time within a year.--1t is known that these metals selling interests, who were exceeding | ly bUllish on the metal three or four years ago, before the big advance, are lagain very confident. There is req son to believe that they are buying
 more copper now that they are sell ing. They tell their friends that cop per will be at 15 cents before the first of January, and that next year the price will vary between 15 and IS cents per pound.
 The coppers have had their reac- tion; have been through a perioe- Of dullness, and are again advancing.
 The steady improvement in the metal market is responsible for this. Com mission brokers who do business for the Connecticut Valley brass interests have been considerable buyers of cop per stocks. They are told that the brass business is very much better than it was, and improving rapidly One If these concerns recently ss- cured million dollar order for brass It is the prospect of a revival of busi- ness that is giving investors and speculators confidence and caus- ing the stock market advance At the same time, general business i'm provement has barely started. Be tween now and the end of the year it should reach proportions which will warrant a strong buying demand for copper stocks at still higher prices
 Many Prefer copPers.
 Tens of thousands of investors and traders prefer copper stocksi to other securities. tremendous amount of money is made in the cop pers every year. During the coming 12 months the worlds copper mines should disburse approximately $6O.O00, GOO in dividends, even though the metal remains at it's present price. These are factors which explain the growing interest of the public in the coppers. Every indication now points to coming period of active copper share speculation. I feel that a num- Der of the higher priced coppers are already selling for every dollar they are worth. Many of them will go somewhat higher, but the big money will be made, believe, in a few com panies which have better show1ugs than the public realizes. Just at the l would rather buy Parrot, Isle Rovale, Michigan, Shannon anu Adventure than anything else. These stocks look especially attractive to me. feel confident that they will sell higher between now ana the end of the year.
 Speculative Favorites."
 There are, of course, a great many stocks on the list which are entitled to sell higher. Amalgamated is still cheap, and so are Utah Consolidated, Copper Range, Granby, Calumet & Hecla, Calumet & Arizona, Superior & Arizona Commercial, old Tennessee Copper, Utal Copper, Nevada Consolidated, Cumber- and Ely, East Butte, Helvetia Bos- ton Ely and Mason Valley. It is 1uite probable that there will be good speculative turns, also, in Mass and he stocks of other Ontonagon compa- aies. think it reasonably safe to buy almost any active copper stock. but the big money will be made by hose who pick the speculative favor ties Amalgamated stock is acting rel ltiveIy better than other industrial md railroad specialties. The reason Or tais is the prospective improve ment in the price of capper, the prep lration for an early resumption of operations at its Boston & Montana ,noalta. -f Great Falls