Bisbee daily review., 1908-05-30
CONFIDENCE IN THE FUTURE |S
 GAINING GROUND
Feeling In the Markets That Bottom Has Been Reached In Prices-Copper Shares Improving Slowly.
CBy Frank J. Graf.O

The renewed activity that has man | ifested itself during the last two or three weeks in the stock market rs
 due more than anything else to a | general feeling Of public confidence. ! in the case of copper stocks, Tor e&- | ample, which have shown a wonder ! ful improvement, the price of the ! metal is no higher than it was .s1y 1 eral months ago, Shen stocks were | from ten to fifteen points lower than | they are today. The feeling, however. l Is prevalent that the bottom has U~=n l reached, that the only chance possible | now is for the better, and 1t is this | feeling more than tangible results ! that accounts for the advance. Money is more plentiful and boarding aas practically ceased. Obligations have been met and business in general is on a firmer footing. Future pros poets have already been discounted, and there is no surer sign for better times ahead than this.
 Of late there has been considerable anxiety displayed in the different ge- ports regarding the opening UI the Greene-Cananea properties. Possibly there is no question at the present time so yitally of interest to tais com munity as the reSuming of this prop erty. BiSbee was q heavy buyer os Greene-Cananea all the way from II to 25 per share. and the larger ma jority of these buyers are still hold ing their stocks and have bought up at loweE levels in order to lower their average. There are also some stock soldiers of the Greene Consolida!p,. that have not turned in their shares for reorganization.
 The Lake Superior people. owning about 17,000 shares, have each con tributed a small amount of money to defray the expenses of continuing tEe work of investigation in the matter of securing from the officers of the company satisfactory explanation concerning the disposition of fundT placed in the treasury just before the organization of the Greene Cananea Copper Company
 Today's Boston market shows but very little change over that of the opening. and in fact not much change Tor the week. Leading copper stocks are. however, in good demand, wit's scarcity of real stock. The local market has practically remained the same for some time past Eith the ex- ceptiOn of Superior & Pittsburg. which has shown a fractional decline. but with no desire to unload stocks at this level. There has been a great deal said of late regarding the IS suance of more stock from the treas ury of which there is at present 500,000 shares available. Should the company issue 1JC,000 shares. this will not only pay off their obliga- Tha&
 Arizona Mining Company. but would also place them in a nice position to do business. giving them a surplus of S30O 900 ready cash. and with the sales of copper. they would be in the best of condition. This would be by Tar the better plan, as they are at present paying interest on a large sum of money, and it is certainly cvi- dent that there is not a stockholder that would not gladly take his pro rata at 1000 per share, while the present market is around l.j0 There has not been any definite ac- tion taken in this matter. but it is expected that the stockholders will advise the public within the next thirty to sixty days.
 Possibly the best indications that We have of the better feeling that ex- ists in copper shares, and the pros poets that the metal, as well as the stocks, are on a better footing, is the declaring of a dividend of the North Butte Company which advised its stockholders that 8 dividend of $f.0O per share has been declared. Many eXDected but 50 cents per snare, while the New York crowd fully want ed $1.00 per share. while the Duluth end wanted but J6 cents.
 The outlook fer the market for the coming week is encouraging. as the majority of short interests have al ready put up their shorts and made deliveries. and this fl anything the market is Oversold.
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