Bisbee daily review., 1909-10-17
MARKET IS IN A.
VERY HEALTHY
CONDITION
BY Frank }. Graf.
Member Duluth Stock Exchange

| RChAOCt C0A1Nn SWIM A<AShdA6C-
During a week OF profit taking and
selling of stocks by long interest and
further selling of shorts. the market
lat the close OF the day is left in
Jerry healthy condition. The selling
of high elias securities has helped ont
the money question to great extent.
in spite of England raising her rates.
Unite States steel was the feature of
the week selling as low as $500, which
is almost a ten point drop from he-
high point, which is considered heavy
decline. But this stock has beeA
manipulated more than ten points
and investors are somewhat at a loss
|. 1t is however, possible that this
stock viii sell at 10000 and it must
be sold at that figure before it can be
placed on the Paris Exchange. From
fthe action of Missouri. Kansas &
Texas it Is very evident that the Haw-
Hey interests are buying as well as
1.-THE Hill interests.
During the week the copper metal
market showed a decided increase ia
the worlds Nsurplus and srom the
leading factors of the copper situa-
ton. it is evident that all means are
being tried to enter into a combine
ito cartail the production. From 4
stapdpoint taken by the metal settings
companies this must be done sooner
Tor later and the sooner this is done
the better it will be for all concerned.
"copper" has not advanced with iron ard
steel as it should have done. Calumet
;& Hecla still holds out but If all
companies would act as squarely as
the c. & H., copper would be selling ST
better prices and the production
would be greatly decreased.
l have been advised that the flot.-
ton of the Black Warrior Copper COM
pany may be expected some time this
coming week. The property has
some sixty or seventy claims and is
considered not only the largest copper
property in thesGlobe district, but the
highest grade property. The capital.-
zation of the company will be compar-
atively small, that is l don't think of
$4,000 shares at $1,000 per share.
The first call will very likely be 81 90
per share which will give a work
ling capital of 5000, 900 less a small
payment on the property. This bal
ance will certainly go long way with
the company due to the fact that the
sellers of the property took the large"
part of their payment in stock, which
goes to show that the original people
have all the confidence in the world
i'm the property. Personally I am
under the impression that this etocE
should sell well, and expect that very
little stock will be allotted Sierra
Consolidated on the New York curb
and better demand for the stoc;!
has already been created During Tie
played in DEM Arizona and Shattuc.l,
but not any more so than other curbs.
To-day. however, the demand for DEM
Arizona has been brisk with very lit
tie being offered. Santa Rosalia has
been in good demand during the week.
and from the last report a rich strike
has been made on the property, thac
has widened out from a two inch
streak to an eight inch within a
distance of twenty-five feet 1t is
hoped and from assays that the next
shipment will assay all the way from
$500 to $500 a ton. Santa Rosalia
at these figures should be very good
purchase.
BOSTON.
Amalgamated, 1887; Anaconda.
As. 25; AIlouez, 50 .12; Atlantic, 11.50;
Arizona Commercial. ATS; Boston
consolidated. IA 90: Butte Coalition.
&c 90; !CaIumet G. Arizona, So so;
Calumet & Hecia, $50 90; Centennial,
80 90; Copper Range, S0.25; Ea"
Butte. LIPS; CRANKY, s5; Greene Can
anea, 10 So; Isle Royale. "a. so; Kee-
wenaw. 275; Mohawk, So 90: Miami,
10. %; Michigan, 6 so; Nevada Cons.
"a. so: North Butte. 50 so; Old Domin-
ion, 5I.75; Osceola. 10000; Parrot.
3O.S7; Quincy, $500; Shannon, 1915:
Superior Pittsburg. %; Superior
"copper". 5s.25; Superior Boston.
14.75: Tamarack, 66 90; Trinity, HOO
United Copper, 1.75; Utah Consolidat-
ed. 43 25; Utah Copper. 4s. so; U. S.
Smelling, Sc 90; Victoria. s.75: VOL
VERNE, f47 90; Sierra Cons, 5 so; La
Sal, IA. 90: First National. 6.25; San
ia Rosalia, 50; Dul. Son. so:
Phelps Dodge. PAS 90.
CURBS
American. 50; Adventure, ) 50;
Arizona Michigan. soc; Arcadian,
4 so: Arizpe. SIC; Butte Arizona. 6-1-2c
Black Mountain, csc; Cactus, 37j.