Bisbee daily review., 1908-09-06
BUSINESS IN
PROSPECT IS
BASE OF HOPE
Big Electrical Companies Re-
ceive Inquiries That Point to
Large Demand for Copper in
the Near Future.
C. |. walker in boston Commercial

C. l. Walker in Boston Commercially
Copper is stronger, aud the market
shows raliying tendency. Lake Is
Is rs IA cents and electrolytic 10
81 cents per pound | learn positive
IL that lot OF 100000 pounds OF Lake
copper was sold last Saturday at IL
cents. In view of the fact that this
followed transactions as low as IS 5-S
cents 10 10 l-2 cents earlier in the
week. II proves that the market is in
4 much stronger position than had
been generally supposed.
It is claimed by some metal trade
interests that copper is actually be-
coming scarce again. They declare
t;lat as much as 100000 pounds
could not be purchased for Septem-
Der delivery from any other source
than the United States Metal Selling
company. and whether that company
would sen as much is not known.
Some copper is being sold for adj
vance account
a few producers have sold all the
ctpper they viii be prepared to de-
liver in September. considerable con-
tracts have been made for October
dslivry and some for November. A
number of big consumers are known
to be in the market all the time
watching for opportunities to buy at
fractionally lower prices than those
quoted Domestic consumers. as a
rule. are carrying very small stocks;
and as their view of the business sit.
uasion is much more hopeful than il
has been for long time past, they
are buying copper in increasing
quantities
The copper market continues to de-
pend upon the rapidity with which
general businss revives and the ex-
tent to which the industrial Improve
ments will go. The big electrical
companies are very busy. especially
in their designing and sales depart
ments. They report. a tremendous
number of inquiries and a much larg-
er amount of prospective business
than at any previous time within a
year. 8FT
It is known that those metals sell
ing interests who were exceedingly
bullish on the metal three or four
years ago. before the big advance. are
sgain very confident There is reason
TO believe that they are buying more
copper now than they are selling.
They tell taeir friends that copper
will sell at Is cents before the first
of January, and that next year the
price viii vary between Is and is
cents per pound
The coppers have had their reac-
ton: have been through a period of
dizziness 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 inter
ests have been considerable buyers OF
copper stocks They are told that the
brass business is very much better
than II was. and improving rapidly.
One of these concerns recently Sc
cured million dollar order for brass.
II is the prospect of revival of bust
ness which is giving investors and
Spectators confidence and causing
the stock market ADVANCE At the
same time, general business improve
Tnent has barely started. Between
BOW and the end OF the year it should
reach proDortions which win warrant
q strong buying demand for copper
stocks at stili higher prices.
This week there has been bad
stock exchange failure in New York,
It appears to have resulted from too
leayy short selling According to
accepted speculative logic, the market
should have had a decline after the
big short account was covered; but
the buying still continued better than
the selling. and there has been an ad
vance WIRE decline should have
been expected
Tens of thousands of investors and
traders prefer copper stocks to otiei
securities A tremendous amount oil
money is made in the coppers ever!
year During the coming y moatIs
the worlds copper mines should dis
buFse approximately S60.000,000 in div
idends. even though the metal re
mains at its present price These ar
the factors which explain tae growing
interest of the public in the coppers
Every indication now points TO /
coming period Of active copper shar'
speculation.
feel that a number of the highe
priced coppers are already selling 70
every dollar they are worth Man
of them viii 60 somewhat higher bu
ne big money Will be made. believe
in a few companies which have bette
showings that the public realize;
lust al the moment | would rattle
buy Parrot, Isle Royale. Michigai
shannon and Adventure than am
thing else. These stocks icok e
peciaIly attractive to me. feel Coz
rdent that they win sell considerable
higher between COW and the end
the year.
There are, Of course. a great man
stocks on the list which are entitle
to sell higher Amalgamated is sti
chesp. and so are Utah Consolidate
ccpper Range, Cranky, Calumet
Heels. Calumet & Arizona, S0peris
PittsburR. Arizona Comanercia
Old Dominion. Tennessee Cope
Effah Copper, Nevada Conscffds
Cumberland Ely. East Butte, Helv
tia. Boston Ely and Mason Valley.
q cutie probable that there will
xood speculative turns. also. in Ma
and the stocks Of other Onspnsg'
companies. think It reasonably "a
10 NV almost any active copper stce
In. ne big money VIII be msfie
fff.se who pick the speculative favt
f:r