Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-08-16
THE PRICE OF COPPER ACTIVE AND STRONGER
FIRST WEEK IN AUGUST AND BUYING BRISK
Walker Called However, When He Predicted That the Market Get Dull
AganMa Went Up Because of the Advance Shares umbd
With Humber of Copper Stocks Which Are Now Selling Bargain
Prce-igh Prosperity viii Not Be

We are likely to have up TO the end
of this year.
There are number of eoppers
which are still selling at bargains, it
seems to me. II business is TO go on
improving and the presidential cam
paign is to work cut as il should, these
stocks ought to sell % TO 100 per cent
Ligher in the near future. The
stocks which, from a speculative
standpoint, ] am bullish on are Anal
gamated. Parrot, East Butte, Old Do
minion, Arizona Commercial, Shannon,
Calumet G Arizona, Helvetia, Utah
/ Consolidated, Copper Range. Adyen-
ture, Lake Copper, Mass and Michi-
gan. It is quite possible, also, that
There may be further advances in
Miami, Tennessee Copper, Nevada
Consolidated, Cumberland Ely and
Boston Ely. These coppers should be
bought on reactions; but / believe
most of the others should be sold.
For several months past ] have told
the readers of these letters that the
market must go higher, and pointed
out the fact that very few stocks were
held in margin accounts; that invest
ment buying was going on, and that
the floating supply of stocks was not
increasing on ths advance. Recently
the public has been a considerable
seller, and l believe that SPECTATORS
land traders are being forced to &C
cumulate stocks when they would
like to sell The public has been right,
and the so-called "big men" have
been wrong for three or four years
past. / believe the public is right now
l.. 4 k.ss A.,
public waits for another panic, how
ever, it viii lose its patience. The
stock market is not in a dangerous po-
sition. II is likely TO have a decline
of to Is per cent, but when that re-
action comes | believe good stocks
should be bought.
Helvetia stock sold up to So this
week. 1t appeared that about 5000
shares of the stock were purchased
by one interest. 1t is stated that Pres
ident Prindle is visiting the com
panys mines. A small oil-burning
furnace was blown in at its old smelter
| a few days ago. This furnace was
erected by the inventors at their own
expense and is guaranteed to treat
ore at half the cost of the ordinary
wateT-jacket coke-burning furnace. If
it fails to do this it will be rejected
and will cost the Helvetia company
nothing. If it proves a success, how
ever, number of large furnaces of
the same type will be installed and in
short time the Helvetia company
will become regular producer of
copper.
The Heiyetia property was taken
over by leading Lake Superior and
Boston copper mining men about nine
years ago The company started with
100000 cash in its treasury, and up TO
the present time between S1,200, 600
and s1,50O,0O0 has been expended in
development work and equipment. A
200-tCu smelter was erected at the
property; but a wagon haul of IS
miles prevented it from yielding ex-
pected profits. For some time this
smelter was run on 10 per cent ore,
and a considerable amount of copper
was accumulated just before the de-
cline from II to II cents per pound in
1901.
The company afterwards was idle
for about a year, and then the insid-
ers. who themselves had taken prac-
tically all the stock issued at $40 per
share, gave an option On a consid-
cradle portion of their holdings to Min
neapolis interests at 81 per share, in