Bisbee daily review., 1908-09-13
! ~g1~lA
(Ry Frank J. Graf.l

The week just past has been one of much disappointment and liquidation. There has been a great deal of profit taking on one side. and production of copper has been increased on the other. Just the week previous we had reason to expect a better market. prices were all on the advance and everything looked as though we were going to have another bull market. when just in the midst of 1t all one Of the largest brokerage houses (Brown & Col failed, but exercised enly a temporary effect upon securi- ties, for the satisfactory arrangements for the investigation of the alleged bad character of trading had exeF- cised a moral influence, and had con tributed much toward the steadying of the market Then with three hoi- idays just before the close of the wees, one could not but expect that we should have had good market for the week.
 The bond market has been one of much surprise. There has been more bonds bought during the last weeK than there has been for months past.
 The Copper metal situation. as far as production is concerned, is on the increase, while the prices for the meat is about nominal Here wuuIu be the proper time to bring out some figures of our own production in cop per and silver. which will show that Cochise county leads Arizona in the production of copper as well as silver. In 1907 Arizona produced 252,7S4,69 hounds of copper and of this amount Cochise county turned out III. .5S1,402. The Copper Queen produced 66,9l6,973 and the Calumet & Arizona 30,039, AIS. As to the silver output, The Tombstone Consolidated Mines company takes the lead with 454,512 ounces, while the Copper Queen comes third with 3SS,- 723 ounces
 The production of the Calumet & Arizona for the month of August was 2033 tons. an increase of 257 over the same month of last year
 During the week we have seen some very high prices for some copper stocks. in proportion to those that ought to be selling for better prices. Amalgamated has been selling in the | sos and North Butte has sold as high | as S. In this we see no comparison for high prices. Amalgamated. with all her properties and interests in oth Ter copper properties, is certainly i worth as much as North Butte if not more. The same can be said of Olo Dominion. We do not think that Oto 1 Dominion is worth it's present price with copper metal selling at 1875 but if the metal was selling for Is tc ll7 then the Old Dominion would be selling at a figure. which was justified Of the list nearer home there is room for much expression. Superior & Pittsburg at 1875 ought to be very flair purchase. Personally l believe that the stock is worth 1t, but ther on the other hand, it will be some time for S. and P to pay dividends However. don't overlook the fact thai s. and P. can be put to 20 githou the very least of trouble. If you naF'
 1t don't sell it.
 l Greene Cananea depends 8 grea deal on the future of the cost Of pro
 duction, and if sine be able to show lthat sh can make copper under IL cents per pound this stock is boun' to see better prices on it's own merit
 but if the cost still hangs around tn' 13 cent mark, the outcome may D'
 different.
 Shattuck Arizona I believe to be on lof the best properties that we hav , in this section of the country, an : there is less said of this property tha any other property in the Warre Idistrict. The Shattuck with its yer l low capitalization, reminds us Of tn Calumet & Arizona, and were It a any other time than the present. Sha tuck would be selling around the 3 mark instead of the 15. Those VII
 buy Shattuck are not buying pro | pect. but a mine that has tons of ol 5 blocked out, and those who are lookll . for a good investment l could not 7 wise a better purchase
 Denn Arizona has been one or tf e most al,Ised stocks on the board D s voI1 mutt confess that for profits tn n stock has been one of the best, f
 their is always trading in this sto'
 and those that are satisfied with sm;
 nrofts can generally get them D Denn Arizona. The recent find of o
 ton the 18th, Junction demonstrat tfuIIy that their must be ore in se Denn Arizona and that 1t is only u matter of time. after the Denn gets lu to operation again that she Will so h. fnd the same body of ore that IS n' !! heinz worked by the Junction al RIack Mountain at the close ot u week. has been very discouraglng les the stock holders, this is very hK' ol due to the report that has been lssu