Bisbee daily review., 1908-12-20
lRy George D. Walker.l

tRy George L.. hdiheE-J
 Copper is dull and prices are uuoteo shade lower. Lake is now 14 1-2 cents and electrolytic IA If cents pcr
 pound. There have been few if any sales lately. As has been the custom for years past, consumers buy almost no copper during the month of De cember, but start fresh with each new year. There are bids in the market all the time an eighth to a quarter of cent below the prices given. Some of this bidding is by agents of for Ieign consumers. Producing interests are very we'll satisfied with the situr- tion and are offering practically ho copper below Il 3-4 and IA 1-2 cents respectively for lake and electrolytic.
 Foreign spectators have made at tempts recently to depress the price of copper by offering and quoting it down ! in the London market. It is believed | that considerable short interest has been established, and there should De | a sharp advance after the first of the year.
 | feeI that the copper market is in 'r very satisfactory position. The buy ing movement, which sent prices up to around 14 7-S cents two or three months ago. relieved producers of all 1 their surplus stocks of the metal and
 thus removed the only factor Of dan ger and doubt. The copper purchaseu | at that time has gone into consump- ton and there is no surplus in exist ence anywhere which is likely to come
 on the market and depress prices. The business situation is improving steadily. and there is every prospect that the year 1909 will establish new lhigh record for industrial activity New enterprises are being financed and plans are making on every hand for business expansion l believe ffrs price of copper will average To cents or higher next year and that prodnc- | ton will be heavier and consumption larger than at any previous time in the history of the trade.
 Last week stated that if there Was
 8 break in copper share prices IL would present an opportunity Tor Doth
 speculators and investors. Prices had a decline, but they did not go far, and at this writing the market gives every . promise of a further substantiat~ ao' ; Iyance. Floor brokers tell me that II is much easier to sell stocks than te
 buy them: that there are three b.ds
 for every offering, and that the buying l is much better than the selling. The largest traders are holding their cop
 pers and buying more, and they feel lconfdent that prices will be much higher after the first of the year.
 The small day-to-day spectators are carrying very few coppers, ana
 the greatest number are bearish. They
 nave been selling for some time psr
 and are now waiting for a reaction
 but they will buy again at higher prices ? if the upward tendency continues
 There is nothing like profits to put uI
 a market The traders and investors
 who have been buying for year pas
 have greatly increased purchasihs
 power now as a result of the DIE ao
 vance in prices, and most of them VII , continue buying as long as marke I conditions give them encouragement : After the first of the year there h f practically sure to be further rise II the price of copper, and dozen dii
 ferent producing companies VIII re
 sume div dends, or increase the rates
 which they are now paying. inl' [. | will supply the impetus for aew DuS , ing of stocks, and we shall probapl! ,, see the highest prices of the year II !, the opening three months.
 As I see the situation now 1t is no ' vet time to sell coppeTs. except oi !. sharp rallies. I would buy all Of th' :. good ones and most of the lo-S pricet ,- prospects. Buy Osceola, Aranpy l. Amalgamated, Copper Range, Gtai r- Consolidated, Parrot, Arizona Com .. imercial, Shannon, Nevada ConsoLl ? dated. Cumberland Ely, Superior ( : Boston Greene Cananea, Adventure . East Butte. Ohio Copper, Helyetia am {. Mason Valley. I am especially bui 2 ish on Granby, Osceola. Parrot an
 Adventure. All of these stocks saoul
 sell higher immediately.
 |, AmaIganated has been under pre- :. sure as the result of report that tn limited States government would III :, Investigate the smoke nuisance aroun inc Washoe smeiter at Anaeono' !, Montana, it having been alleged tna - inc smelter fumes are doing gied !. damage to growing timber and veg tstion in that vicinity. The bushes = men of Butte gave the report suffieieI = credence to hold an indignation nee : ing and send protest to Washngtoi More than half of the populauo $, and wealth of Montana is represente !, by the copper mining and smeillii = interests in the three cities, Butt Anaconda and Great Falls, tais indo - try paying twice as much in wages - all others in the state. If the adnn , ,- listratIon at Washington thinks <, would be better to close down II ,s r, smelters in favor of the 90 or !. = l. farmers who, own ranches along ti '. '. bottoms of the narrow valleys in tn' - - vicinity it may undertake to do \ but it will have to accomplish its pu
 O00. 900 to 0.00o. 900 pounds of copp'
 annually. This copper probably eos Y at least I2 1-2 to 13 cents per pouno Iai Greene Cananea's 2,5oo'oVV ~ shat' lzo at sl1 have market valuation oi ser 500. 900. This company is proau ,s- ing at the rate of s7.ooo.ooo to 4o'OO' cn 000 pounds of copper now ana " W, nd soon double it's present output ,n- prcduction costs are at least cen z, u her pound lower than those or the ~ ~ .ry Dominion and adjacent mines. IT
 Greene Consolidated company