Newspaper Page Text
THE WSBEEWW.Y REVIEW. BISBEE, ARIZONA, TUESDAY MORNING, NOVEMBER 13, 1906.
.. ..!!-, INI--- I.
pr DDnm lOTinM !Pritchar(' Hascn&Co-
L. invJLJUwIlwIN Brrkers and Promoters.
FOR TEN MONTHS
Mwe Stock Offered at Times
Than Could Be Taken Care
Qf-T-Some of the Coppers
(By Frank J. Graf J
Today's market wa3 a decided weak
one with more stock offered at una
than the market could absorb. The
liamldatloa in the New York market
rAnwif front hlrii manor and the un
certainty of Secretary Shaw doing
anything to relievo the money situa
tion. All coppers were affected to some
conBtderablo erte:, especially Xorth
Butte and Butto coalition. North
Bntte dropped two points, but at tbo
cloeo rallied and closed btronc at
J110.25. Superior & Pittsburg at the
opening held well at $27.75, but soon
dropped twek and at the close was of
fered at $27.37.
Shattuck-Arlzona continues to be
v.ell supported at $39.73 to $40.00.
Benn-Arliona changed hands at $19.50.
American was well taken care of the
entire day until the clcso when the
itock was free at $10.&0. Warren has
been the feature of the day. as there
has been much b uying of this stock,
on the other hand toward the close i"
tsaa offered at $12.50. Boston durinr
tho day held Warren at $13.50. but
considerable stock was sold at $12.73.
Globs Cons, was well handled at
$10.00. Black Mountain at the close
showed1 considerable weakness, being
offered at $9.37.
Greene Cons, was a bad actor for
a time, and margins were looked after.
There la something doing In Greene,
and I do not seo any particular reason
why it should adance. Old Dominion
also closed weak. The outlook for to
inorroVa market depends entirely up
on Secretary' Shaw.
Boston. The estimated production
of the Bute mines for tho month of
October was 23,893,240 pounds from
a total of 372,310 tons of ore treated.
Thoa output Is a reduction or .bbsbv
pounds from tho -September production
and ts more than C.000,000 pounds less
than the record-breaking returns for
The estimated output by moatli3
since the first of tho jear has been
as follows: (In pounds):
January , ,;,.. 31,008.200
February , - 26,129.600
May . 32.881.450
June t ,. 32.576,700
July ; 32970,970
August ..... ... ... ..... 32,976,970
Septcmboi 29.45I'. 5;0
October... -...., ... 2S.SS3.243
Butte t Boston 3,000
Boston &. Montana C00
Washce , "50
North Butto 1.100
Butte Coalition - 92
W. A. Clark - S50
Pitts. &. Montana "0
East Butto 200
Miscellaneous ...j - 35
Total .,,.,".... 30S.232.194
The October record In detail, with
dally output of ore, pounds of copper
per ton, and pounds of copper pro
duced every 24 hours. Is shown In the
Tons ore Yield in lba. Pou ids cojnk1
per ton ore dai
70 - 42,000
SALE OF STOCK
W. L. Thomas and William
Gmaling Restrained From
An injunction has been issued out
of the District Court at Tombstone at
tho request of Attorneys Richardson
& Lockwood, of Douglas, for V. M.
Barker. It, E. Lopey, O. W. Ross, r.
T. Davidson and Norma Barker, and
against the Arizona Bonanza Mining
Company, W h. Thomas and Wm.
Gmaling. The complaint alleges that
the plaintiff entered into an tgtep
meat with the two last named defend
ants whereby they were to place ail if
GO. GETS OPTION
On Claims Situated in Arava-
pai Canyon in Gila
DOUGLAS, Nov. 12. (Special.
A. T. Hammofcs and U. J. Young
hae given a ten-day option to Goo.
Mitchell, president of the Mitchell
Mining company, on a group of six
teen claims situated in tho Aravapal
mining district, 24 miles from San
Carlos. The present owners recently
ucquired the property from Frank W.
Weast, Julius Riser and William R.
Clark, tho locators, and Immediately
commenced work on It, with the re
sult that they have penetrated a body
their stock In the company In tho J of suiphlde ore that gives promlso of
Cananea Central . .
Calumet & Arizona ,
Superior & Pittsburg
North Butto ,
Butto Coalition ....
Black Mountain ..
Warren , 12 CO
East Butte 10 50
Keweenaw .. .... 11
Granby 13 00;
Arizona-Commercial .. 3G 00
Hancock .- 12 00
Bntte- London ... .
Greene 25 00
Atlantic ... .. . . - IS 001
Shannon ..,.,. ... 15 62
Victoria 0 50
U. S. Mining CI OOf
Osceola 123 00'
Wolverine , 15C 30
NJpplsslng 29 OOJ
Boston Con SOjOOj
nly . U87
Ner. Con , . . .- --9 75f
Bank of Bisboo la escrow, they to do
likewise, and the entire ,ot of stock
to bo sold to F. R Burnham at an J
agreed price of not le3s than forty
cents per share. The plaintiffs turn
ed over to Thomas &. Gamllng some
300,000 shares, which they were to
place with their stock in the Bank of
Blsbce. Instead of doing to they
have been endeavoring to dispose of
the stcck In tho open market at prices
ranging less than twenty cents, and
have refused to return the stock to
tho original owners or to bo bound by
tho ngreement In any way whateicr.
The company Is made a party to the
suit In order that they might bo re
strained from transferring any of the
stock that might be sold by tbo two
defendants,, on the stock books of the
The complaint further ullages that
Burnham agreed to purchase the stock
at 40 cents per share, pronaea tne
property was as represented, and he
was satisfied upon making a thorough
examination, of the same. The out
come of tho cose will be watched with
Interns, as there are a number of
local stocK'ioldri interested In ,iie
Atual. ... $101 37
Colo. Fuel - 00 12
Mo. Pbc. .. ... 92 73
K.I ..t 28 00
s.e. i'Ar'. 90 73
H.S. Steel -..;.'... 4 87
Ua Stool (PM.y'fiJ..' 104 25
Am, Saaelter , ." 153 12
Pean ." ,. 137 CO
N.JY. Cent. .I..r. 120 73
U.--P , '. 180 ST
A.iT. S.P. -..J, 97 75
B-B-Tv 78 12
T. C. I 157 30
U'N... 1W 75
St. Pan! 171 CO
developing into ozo of tre greatest
mines is the territory. A force of
eight men is at work driving a cross
cut tunnel and drifts and slaking
winzes. All the openings aie in ore.
and thy crosscut has gone through SO
feet of bulphlde that goes 4. 9 per cent
copper, 47 per cent sulpnur and j per
cent iron. Tho croppiugs lor 4uu leet
In advance of tho crosscut are Identi
cally the same as on that portion of
tho lead already opened by the cross
cut which uouid indicate an extreme i
width of nearly COO feet. The proper- j
ty certainly presents great poslul!-i
Front Rooms. New Telephone
Bldg., 'Phone 135, Blebee, Art.
The handling of "Bonanza
Circle" and other Curb stacks,
on commission,. OUR SPE
CIALTY. Quotations by wire come to
our office "every little while"
during brokerage hours direct
from Calumet, Michigan the
HUB of the Bonanza Circle
Oct. 12. 1906. Raise In mon
ey rates cau3ed a demoralized
condition In niobt all stocks for
the opening day of tho week.
C. & A. declined to $122, N.
Butte to $109.50. S. & P. from.
$27.75 bid Saturday close to
28.25 at noon today, while Cen
tral, Green?, Denn adn Globe
have lost proportionately. That
conditions will adjust thorn
solves before the lapso of any
great length of tlmo there is no
doubt, and tho moment money
Is easier stocks In all markets
will climb to high figures.
Buying at this particular tlmo
Is therefore tho thing to do.
There li scarcolv a stock on
the boards that Is not good for
a big advance within the next
thirty davs. Activity In War
ren continues, and but little.
of tho shares can be p"en
hold of under $13.25. Tharo
are plenty of bids for Denn
around tho $19.37 mark, but
Tery little or no stock Is being
disposed of at that figure. It
Is cound to rise soon, as tho
fellows will be unable to keap
It down much longer. Kewee
naw and Hancock are strong,
Rhllo Black Mountain Is weak
ening. Noon quotations:
Cal. &. Ariz. .
N. Butte . . . .
Central ... .
Sup. & Pitts.
Shattuck . . .
Keweenaw . .
Ariz. Com. .
Warren ... .
American . . .
Cochise ... .
W. & A
I.. S Ac A. . . .
K. Butte ... .
B. Londcn .
Old Dom. ...
Buying and aclllnQ Gopper Stock Im my
exclusive business,, That la why I cat
give you best service buying or selling
Phone your orders Telephone HI. ' Copper Queen Hotel
- XJ& iff
Facts aDout th Warren Olsirlct'l
la -ours for the asking.
FRAISJK J. GRAF,
X X X X X X X X X . X X X X X X X
THE POLAND MILL.
(slew Strikr Reported
in the Con-
TIPS FOH SPECULATORS.
O. 'fc W.
. 32 OM
- 44 23
DICK'S COTTON LETTER.
(Special Wire to Duev &. dverlock) i
NEW YORK, Nov. lSThe cotton,
market showed a much befter- tone to
day, but tailed to reach new low lev
Is, Liverpool C3me. ibout as due,
but spot sales reached a total of ten
thousand bales and spinners showed
more-tdlBposition'-to buy cotton. It
is felt that the big crop estimates re
cently given out owe their origin moro
to-th decline in prices . than to any
reasonable evidence of a bumper
yield. The south Is not selling spot
cotton on the decline although tho
situation speculatively is bearish.
Soothers epot markets generally quiet
PARROT SILVER AND COPPER CO.
(Special wife to Doy & Overlock.)
NEW YORK. Nov. 12. American
stocks in London 7. ore heavy today
1-3 to 1-2 below parity.
Tho return of currency from the In
terior ought soon t obegin to strength
en thft position Of tha banks hero.
London settlement began today and
quotations are now for the new ac
counL The railroad labor situation Is be
coming serious and especially as con
cerns the Brie firemen.
Coal trade shows usual activity la
An increase of -a-qffe pracltcally
Rure to become general throughout the
There Is a light demand for slocks
In loan crowd.
Cotton Oil report shows surplus aft
er preferred dividend equal to .,.
rant on common..
Twelve Industrials decrease .0i per
Twenty acme rails declined .04 J
Iondon early market lor Americans,
except for Southern Pacific was 1-4
Dally operators should prepare to
put- themeslves In position to take ad
vantage of a very reactionary tenden
cy In the stock market because of a
Shaw relief for tho money markeL
Others should buy standard stocks on
a scale down. Neither a bear nor a
bull market is likely, however, at this
tlmo and tho business restricted to
operations so that the shrewd trader
will not reflect fair returns on either
side of the market.
DOW JONES & CO.
New has reached this city from the
Congress mine that a lxxly hulphldo
ore was recently uncovered In blnklug
shaft No. 5, below the 2,000 foot level,
the size or extent of which has not
uveu run tui l uitm- - -
with no wsila yet In sight, says the
Journal-Miner, of Prescott.
Tho equipment of tho mine Include3
twelve hoisting engines, varying In ca
pacity from 20 to 200 horse power,
with a reduction plant, consituing of
an 80-stamp mill. New Stanard con
centrating plant and cyanide plant,
comprising a roasting furnace and sev
en 90-ton leaching tanks, with three
r00-ton leaching tanks for treating
INs orefi which do not require roast-
t-g. Tho main shatt on uih property
"ifoyn tha distinction of being tho
dorert in th Territory, having pass-
thn 4.000 foot level, where the ore
h-rr !b larger than In any of the upper
The Poland-American Mining com-
pany's mill at Poland will be started
today on a steady run of ore from
the tunnel baing driven under con
tract by the Hanson Brothers-, through
tho ntzhugh I-ee mine Into the im
press mine, the latter biing owned by
the Washington-Arizona Mining Com
pany. W. C. Hanson who was in the citjr
yesterday, stated that good headwa
was being made in driving the tunnel
ahead, -which was now 1.403 feet into
the mountain, and within 133 feet of
the south lino ot tho Express mine,
The paystreak in the tunnel is eigh
teen Inches In thickness, almost a foot
of which Is sulphide ore of shipping
grade. It is the intention to crush
and concentrate the ore In the Poland
American mill and ship the concen
trates to the Humboldt smelter. Pres
DUEY &, OVERLOCK, Brokers
Direct Private Wires to All Exchanges
Copper Stocks a Specialty
PAINE. WEBBER & CO., MEMBERS BOSTON ST8CK EXCHANGE.
LOGAN &. BRYAN, CHICAGO, ME MBERS ALL EXCHANGES.
Whilo a lower market was expected on tho opening this morning, lower London cables was an addi
tional Incentive and stocks opened weak, tho pressure continued after the early trading, stop loss orders be
ing caught and tho market looked lower. High money rates was an Important factor in bringing about tho
pessimistic feeling. Money rate3 eased up somewhat near the close and shorts started covering, causing a
firm closing, most stocks regained considerable of the decline. Greene Cons, was fairly active, !ut fluctua
tions were narrow, tho close bolng fractionally lower. Cananea Central was also off a little, but not much
trading In tho stock. Globe was dull and featureless. C. &. A. felt tho early depression and declined to
$150, reacting on the close to $154, leading the rally. S. & P. held firm throughout the session, the close be
ing 3-S oft from Saturday, with some demand for the stock at tho decline. Old Dominion and North Butto
were weak on tho opening, both stocks making new low records for the present decline, the latter, however,
displajed some stiength on the rally and tho close looked llko higher prices. We think both stocks can be
bought for a few points advance from this let el. Warren was strong at $13.00 bid. A groat deal more was
expected of this stock, but considering tho fact that It Is at a point advance from Saturday and the general
apathy of the producers, we think Indications point to higher prices as vary few shares were offered for
sale under $14.50. The balance of the local list was dull and neglected. With higher prices from Londoa to
morrow and casing up or money rates, we look to see an active and higher opening for all the good stocks anil
would buy theu on an' reaction.
C. and A $154 $153
Old Dominion BS 58
Greene 25 25
North Butte 110 110
Butte Coalition 35 35
Wolverine 156 160
Osceola 124 123
Boston Cons 30 31
Utah Cons 62 62
Central . 2S 29
All'z ,- 36 37
U. S. 'Smelter 62 62
Copper Range S0 81
Arc 6 6
Calumet and Hecla ... S65 870
Moh 66 66
Qy 100 102
Shannon 15 15
Victoria 6 C
Trln 10 11
Bing 28 29
U. C 70 71A
Frank 21 22
Win S 9
Adv 3 6
Mass S 8
Tec 14 15
R. 1 4 5
Atl 13 13
D. W 19 20
Mich 17 17
Santa Pe 3 3
Steel Com 45
Steel Pr 104
Union Pacific 100
Southern Pacific 90
Rock Island 2S
St. Paul 170
MIsourl Pacific 92
Baltimore and Ohio .. .. 117
Canadian Pacific 173
B. R. T. 76
R. B. C " 34
Now York Central 126
Northern Pacific 21S
Great Northern pfd 319
Southern Railway 32
Mexican Central 23
C. and 0 51
General Electric 317
Texas Pacific 35
M., K. and T. ,... 35
M.. K. and T. pfd 68
O. and W. 44
S. and P. 27l
JJenn . . "... is
Cochlso .. 39
W. and A 1
Arizona commercial .... 36
East Butte 10
K. C. 11
Nevada Cons. . . , ,
Black Mountain ..
NEW YOr.;C COTTON.
High I Low
i P. SO
1 Opg. I High Ijiw Cloe,
Wheat . .1 1
-zxy . j 78 I 78 77 77
Dec. .. .) 73 73 72 72
Corn .. ..( j
May .. ) 43 43 43 43
Doc. . ..' 42! 42 42 42
Oats .. ,. J
May .. . 33j 33f 35 3GH
Dec. . .. 34 34! 34J Cl
Pher.e 441. P. O. Box 814.
Bank of Biabce Building,
Rooms 4 and 5.
W. J. HOLMAN & CO MACHINERY
MISS VIRGINIA JUNE BAGBY
Mandolin and Guitar
No. 10 Quality Hill. Phone 342.
Studio Hours 3:00 to 9:00 p. m.
DICK'S STOCK LETTER.
(Special wire to Duey & Overlook.)
BOSTON, Nov. 12. Parrot Silver &
Copper company have declared a reg
ular quarterly dividend of 23 cents.
!rlal w to thicy A OverUxK.l
JEW YORK. Nov. 12. Following
w iker London ouotatlons. the stwk
Ise'Ung pi-ew.nre was in evidence 1uM
Mn'-.tho early hours of tho session, rue
shrp advanco iu evidence during the
early hours of tho session. The sham
adric In mil money, which loaned
as high as 20 per cenL brought out
rather a larger volume of long stocks
then for somfl time before. In the
afternoon tho call money gradually re-J
cedd and (he market rallied moder
ate' v until the close which was quiet i
Dr. McSwegan has diplomas from
tbl country and Europe and the med
al of tho International Medical Con
gress. Ho cures lung, liver, kidney,
blood -and skin diseases and gives free
examination at the eLtson block.
PAINE'S COPPER LETTER.
ESTELLA R. HARMON
Teacher of Voice
Studio No. 10 Quality Hill. .
Phone J42. -
Unlisted Stocks a Specialty.
The market today has been
very quiet owing to the money
etnngency. C. 4. A. dropped to
$150.00, but rallied at the close
to S154.00. North Butte fell off
to $109X0, but closed at $110.50.
Butte Coilltion weakened to "
035.00, closinp at $35.75. Greene
changed but little, losing half a
Warren was in good demand
and sales were made around $13. .
Shattuck was in demand at
$38.50, with none coming out at
that price. The other stocks
PIANO AND THEORY
Studio No. 216 Opera Drive.
f"tv-al wlr to Daev & Overlock.1
BOSTON, Nov. 12. Higher rates for
money caufied considerable soiling all
through tho list today. After tho first
break of a point or two, stop orders,
were cauttht and tho market looked
pretty weak for somo time. Toward
tho close, however, money was a little
easier, and we had a feeble rally. On
any sharp breaks we should certainly
pick up Cooper Ranee. C. & A., Old j
Dominion. Osceola, Shannon and Cen-I j
tennlal. ' ?
New Views of Biebee; also all
tlie Mines; 5x7, mounted, 2c
Fine Photo Frames, Metil Guar
anteed. Fine Gold Plate, 25c,
40c and ECc. Passe Partout Pic
tures, 15c, 20c and 50c.
Opposite Y. M. C. A. Bldg.
NING km POWER
showed little change.
Cal. &. Ariz 154.00
Butte Coalition 35.75
North Butte 110.50
Greene ... - . .. 25.25
Cannanea Central . .. 24.50
Globe et 9.75
Sup. i. Pittsburg 27.50
We Do Not Want It All
AND ARE WILLING TO DIVIDE OUR PROFITS WITH OUR
SAVINGS DEPOSITORS BYPAYING THEM INTEREST ON
THEIR BALANCE ON JANUARY 1st AND JULY 1st OF
EACH YEAR. START AN ACCOUNT NOW, W0 MATTER
Citizens Bank & Trust Co.
j. G. Pritchard
Since severing my connection with
the firm cf Prite-.ard, Hagen &. Co..
I have opened a r.ew office In the
NEXT TO THE BANK OF BIS
BEE. Having made arrangements
for Boston and New York daily mar'
ket reports, in addition to the cop
per mining centers, I will be able to
give prompt service to all these
who desire to buy or sell stocks.. I
also issue bonds as agent for the
United States Fdellty and Gi'-anty
company... Quotation, will be fur
nished by phone at any time. ....
CALL UP PHONE 126 OR CALL
AND SEE ME AT MY OFFICE.
. J. a PR'.TCHARD.
Warren... ," ..
Wolv. L Ariz ..
East Butte 11.25
Black Mountain 10.00a
Duluth Cons. 2.50a
Can. EaEt ... 45a
ENGINES, BOILERS PUMPS. GEARED & FIRST" MOTION? HOISTS,
AIR COMPRESSORS, O A.MOND DRILLS, FORGINGS,
COMPLETE PLANTS Gold and Sliver Mills, Concentrators, Cyanld
plants, Smelting and Converting Plants Wellman-Seaver Morgan Co.
Cari Clausen M. E.
Representative Engineer far:
Pennsylvania Boiler Works. Meehaa Bollar Construction Co.
Westinghouso Else Mfg. Co. Sturtevant Mill Co.
Headrie BoHkoO. Mfg. Co. TJairm Iron Works.
Wellman-Seaver aCorgm Co. ITOilar Snctaeartag Co., Ho.
GET OUR ESTIMATES
t K t X t r. K K K t. n ( r. K K K K it St t K t K tt
) h il k ! M il H ' ) '1 '" " '" H ' '4 '4 '4 ' ' il "4 ll 'd M )l !a
Copper Queen Consolidated Mintng Co,
We are now in the
market for the purchase of
Copper Ore and Coppsr Matte
Copper Queen Consolidated Mining Company
. H. W. JORGENSEN
,. CIVIL ENGINEER t
. Barnaby Building. Btibe, Ariz. t
Deputy Mineral Surveyor,
. . t . t .
PATENTS I turntsh my clients wilb
copies of all correspondence had .In
their cases (except foreign.) I also
furnish free of cbargo complete cop
ies of drawings and specifications.
JAMES R. TOWKSEND,
DECKER'S TAILOR SHOP
Cleaning:, Pressing. Repairing
and Dyeing In all Us branches.
Over Turf Saloon.
PhAna 185. Main St. Blsbee.
E. HELLER H. J. WRIGHT
HEELER & WRIGHT
ASSAYERS and CHEMIST8
Metallurgical . Mining Eng neers
Represent Ore Shippers
to Douglas Reduction Works.
Custom Assay Office
CR1TCHETT & FER3USON
Successors to Hughes & Critchett.
Assayers, Chemists, Metallur
gists. Agents for Ore Shippers
114 San Francisco SL El Paso, Tax.
Wholesale & Retail Dealer ii
Pnt Bound, Texts sad Ctllfonds Pins, Oali
tomls rsdwood, lsth, thlnslo nd s .!,
Bonldlnct, doors, windows sad mlllwoik.
W. C. lMi. Mr. !, A.rl