Newspaper Page Text
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Friday, April 5, 1907
DAILY ARIZONA SILVER BELT
In Every Depart
ment of Banking
FIRST NATIONAL BANK OF GLOBE
Is prepared to srv
you in a satisfactory
Wholesale and Retail
Solo Agents for
I DIAMOND EDGE CUTLERY, HUYLER'S CANDIES J
Como in and hear our now Edison Records,
Finest Lino of Toltot Articles, Soaps, Forfumcs, Pipes, Ci
gars and Tobaccos.
Phonographs on Tinio.
The Central Copper Company
ANNOUNCES TO THE Pt'BLIO THAT
20,000 Shares of the Capital Stock
OF THE COMPANY WILL BE OFFERED FOR PUB
LIC SUBSCRIPTION AT
60 Cents per Share
THE COMPANY IS
Capitalized at 100,000 Shares
Par Value $1.00
SHARES OUTSTANDING, 46,000. SHARES IN THE
STOCK MAY BE PURCHASED AND
Paid for in Four Monthly Installments
of 15 Cents Each
OP. MAY BE PAID FOE IN CASH.
SHARES PAID FOR IN CASH CARRY WITH THEM
THE RIGHT TO PURCHASE AN EQUAL NUMBER
OF SHARES ON OR BEFORE FOUR MONTHS AT 60
CENTS PER SHARE. THIS GIVES THE PURCHASER
A VALUABLE OPTION, J S THE STOCK WOULD BE
GREATLY ENHANCED IN VALUE BY A STRIKE
SUCH AS IS LIKELY TO BE MADE WITHIN THAT
Subscriptions will be taken from April Fifth till April
20th, at the Globe Real Estate Office
The Central Copper Company
ow Concrete Building Blocks
:MADE TO ORDER DIMENSIONS:
ADVANTAGES OF HOLLOW CON
dpness of construction; buildings warm
nier cool In summer, dry ventilated
a.. fire and dust proof, Insurance Is
e per requires no painting or repairs.
-kt can De laid In the wall raplftly and
r a re out Utile mortar plastering mar
i- ft -ne on the back of the stone. Having
aio us free from rate, mice or vermin.
opMeetly sanitary, resists rain and dries
ft s while solid walls remain damp
I use the Right Process, the Right
Material and have the Right Kind of
Blocks, also the Right Kindof Machin
ery. Estimates on .Building Promptly
Furnished. Call at
Two-story Concrete Block House, Wct
of Globe Lumber Yard
W. S. SULTAN
H. T. WAYNE
Deputy U. S. Mineral Surveyor
SULTAN & WAYNE
SURVEYS, ASSAYS, ESTIMATES, REFORTS Opposite P. O., Globe
nirnMmmmmtmmf&&am&em0ammmmnim jwwhw w
W. R. NORTON Architect
Room 12, Globe Building
Why send away to have your calen
dars printed when you can have
them printed right at home by the
We have an Up-to-date line of
CALENDARS and are ready to pro
duce your order on a moments
The Silver Belt
Swellest Goods In Town !
hes Suits, Cloaks, Silk Drosses and
Superior & Boston Advances Up to $1
Bid London Copper Quotations Aro
Higher Today Market Scarcity of
(By J. N. Kiuboy)
GLOBK, April !. Logan & Bryan oi
New York say: Market closed with
quite it Hiibstautial gain all along the
line. At no time did the weaker tone
in the London market have any bearing
on price making conditions outside of
cheaper inouoy, all being ignored. News
that Erie had issued live million short
time notes did not even cause tremor in
the list. The magnificent statement oi
earnings by the Southern Pacific start
ed gossip of (5 per cent basis for com
mon stock. Trades, -however, seemed
largely made up of professional opera
tions, general opinion in New York be
ing that shorts were covering. Murkot
seems to have earmarks of a trading
nlTair, but if easy money continues list
will undoubtedly sell higher.
Paino of Boston says: Murkot opened
strong this omrniug. Loudon copper
quotations came much higher. There
was a marked scarcity of stock offer
ings. Baluklala and Greene Canauea
were traded in on the unlisted depart
ment today and trading in the former
was active. There was good deniaud for
copper linage, Old Dominion, North
Butte and in fact all active Lssucs were
in better request. We look for a con
tinuauee of this slow upward move until
prices work back somewhere near the
prices seen before the recent panic.
Butto says: Butte Coalition bus re
sumed sinking on linrus shaft and will
carry it down to 2,500-foot level. Com
pany is also crosscutting at 1,900-foot
level to their veins.
Now York says: Bearish copper re
ports from Loudon do not concern large
President Roosevelt says that Stand
ard Oil and ilarriman interests are co
operating to put a reactionary in the
Arizona Commercial ....
Butto & London .
Bingham . . .
Black Mountain . ...... ......
Butte Coalition ...
Cananea Central ... ....
Copper Uango ...
Calumet & Arizona
East Butte -..
Granby - ..-
Greene Consolidated ...
North Butto ...
Osceola . - ..
Shannon . ...
Superior & Pittsburg ,
Union Pacific 138.75
U. S. Steel, common.. . 37.12
Boston Listed and Curb Markets
Allouez . 55.00
Arizona Copper 25.25
Boston Con. 25.00
Butto & London 1.75
Butto Coalition 20.75
Black Mountain 5.50
C. tc A 103.00
Calumet & Globe 2.00
Coppor Ilnngo , . 81.00
Cananea Central 29.00
Denn-Arizona .. 11.25
Ely .. 9.25
East Butte 10.50
Greene Cananea .'. 10.12
Greene Consolidated 21.50
Greene Silver 1.87
Globo Consolidated 11.00
Michigan . 15.00
L. S. & A. 9.50
Nevada Utah 4.25
Nevada Consolidated 13.75
North Butto 90.75
Nipissing .!.. 13.50
National , SO
Old Dominion 54.00
Superior & Boston 4.50
Superior &, Pittsburg 19.00
Utah Consolidated . 01.50
W. S. A
Queen Copper .
Inspiration , .
Money, 2 per cent.
OLD DOMINION IS
ONE OE GREATEST
George L. Walker Says that Globe Mine
Is Destined to Be One of tbo Great
Coppor Mines of the World Stock
Will Ultimately Sell at $200.
time a great deal of feeling of u hope
ful or bullish nnture Is likely to de
velop, and the chances aro more than
oven that wo shall witness a very sub
stantial recovery in a numbor of the
best copper stocks.
Few of the things which are univer
sally expected materialize. None know
this better than those who follow the
stock murkot. Just at present almost
everybody is confident that tho price of
copper is about to decline, probably to
20 cents and perhaps to 15 conts. Every
body may bo mistaken. It is not impos
sible that the metal murkot will hold up
to its present lovol thioughout tho re
mainder of the year. Should it develop
a month or two hence that consumors
weio making new contracts for dolivory
of coppor during July and August at 25
conts per pound, tho best coppors would
again sell up to approximately their
highest prices. This is what happened
in tho steel and iron trade four years
ago. We all remembor how tho steel
stocks recovered. It may happen this
year with copper. The chance that it
will is ono of many reasons why the
stocks of tho best producing coppor
mines nro especially attractive invest
ments. Of tho dividend payors, Amalgamated,
Anaconda, Butto Coalition, Calumet &
Ueclu, Calumet & Arizona, Copper
Hange, Greene, Granby, Mohawk, North
Butto, Osceola, Quincy, Shannon, Utah
Consolidated and Wolverjno are all
cheap. The best ones to buy, Lowever,
aro those which muko their copper at
u low cost, and which have under way
plans for largo increases of production.
Among these tho most conspicuous ure
Copper Range, Granby, Greene nud
Utah Consolidated. All of these stocks
should sell higher than present prices
in two years from now, even should the
price of copper then bo below 15 cents
There arc a number of other copper
stocks which ure made especially at
tractive by the slump in prices as well
us by recent mine developments. Among
these Old Dominion and Boston Con
solidated aro most conspicuous. Utah
Copper, Cumberland Ely, Nevada Con
solidated, East Butte, Boston Corbin,
Utah Apex, Giroux Consolidated, Bal
aklala, Michigan, Helvetia and Boston
Ely appeal to mo as tho very best spec
ulative purchases among the non-dividend
paying copper stocks, regardless of
all possible unfavorable developments in
the financial situation. These stocks at
current panic prices aro deserving of
more than passing notice.
Tho Globo Shoo Company takes orders
for tents and awnings. tf
F. L JONES & SON.
Funeral Directors and Embalmers
OFFICE PHONE 432. RESIDENCE PHONE 433.
Warren .. .. . ...
Globe Consolidated ...
Franklin .. .....
National, bid .
Wolverine & Arizona
Comanche, bid -
L. S. & A
Superior & Boston
Calumet & Globe
Now York Stocks
Amalgamated $ 93.87
Anaconda . - 03.87
American Smelters - 120.75
Colorado Fuel & Iron 35.75
U. S. Steol, common 37.12
Now York Central 119.75
Union Pacific 138.75
Southern Pacific 81.25
St. Paul 130.12
Baltimore & Ohio 99.25
Money, 2 por cent.
The following glowing opinion of the
Old Dominion mine is from the weekly
copper letter of George L. Walker, ed
itor of tho Boston Commercial, which
appeared in the Inst issue of that pa
per: Old Dominion's most recently dis
covered ore body continues to grow in
extent and richness as development pro
ceeds. Tho astonishingly high grade
of the ore being encountered on the
14th level is interesting to metallurgical
and mincrnlogical students as well as to
stockholders. It suggests the probabil
ity that Old Dominion's original vein
was massive chalcopyritC, and that this
very high grade copper mineral will be
found predominant in the vein after
tho zone of secondary enrichment is
passed. If this in correct, Old Dominion
will bo the jKsseiisor of tho only known
large vein of cholcojiyrito ore in tho
world. The great richness of the leach
ed ore deposits in the upper levels of
tho mine, and the comparatively small
amounts of iron which the ore carried
tend to sustain this, theory.
I have partially"'cdnfirmod and am
well satisfied that tho retorts which arc
now coming from the mine are reliable.
They indicate to mo that Old Dominion
is destined to be ono of the very great
copper mines of tile world. Its stock
is probably worth $100 per share at
present, with a possibility of an ulti
mate value of $200 or more per share.
I believe tho company will begin to
pay substantial dividends this year, and
I regard tho stock as o .o of tho most
attractive speculative purchases on the
DR. P. B. CALER
Office over Palace Pharmacy
DRS, WILSON & WILEY
PHYSICIANS AND SURGEONS
Offlco Booms, 5-7-9 Trust Building
Office Phono Main 1841
Residence, Dominion Hotel
GEO. J. STONEMAN
Attorney At Law
Office in the Butler Building
GLOBE, - - ARIZONA
Hotel Dominion Phone 1341
Office: ROOMS 1-3 TRUST BUILDING
The W. W. Brookner Co.
The Big Store
MONUMENTAL WORK CemS.Sf ions
IRON FENCING and FINE STONE WORK
On Cemetery Gulch
Near Central School Building
GEORGE K. FRENCH
. Waists. Skirts. Hosiery. Milli-
aerJ Hair Goods, Switches, Etc.
The People's Store
DolPh Baatz, Prop. Globo, Arizona
s,uer Bolt Want Ads. bring results.
WHITE PIOUSE HOTEL
GIACOMINO & CO.
Large airy rooms, fine table service and
first class cafe. ' '
Rntes reasonable North Globe i
(By 11. It. Bru Co.)
Stock Market Very Firm
GLOBE. April 4, The market this
morninir opened strong and closed very
Strong. Lots of trading in curb con
tinued all day. 1 would advise tho pub
lij! to buy all stocks of merit in such
blockB so as to hold them for at least
thirty days. With the easy money
injirkct and legislation easing up on
eoVpomtions I soo no roason why tho
nso snouiu uor continue, espccwuiy i
all goii'4 coppers. Old Dominion is sure
ly a snaf. It opened at $54 and sold
as high nsN&J5 today" and closed at $51
bid and $51."&0 asked. Helvetia opened
at $3.25 andWlosed at $4.50 bid and
Now York Stocks
Amalgamated .,..v 93.87
Am. Smelting 12C.75
Atchison ...i 95.75
B. & 0 99-25
C. P. & I '. ?5.75
Erie .' ... 25.37
Now York Central.. 119.00
Pennsylvania '.'.' ;:.125.87
So. Pac. 81.25
St. Paul ,...'. (!.: 130.00' .-.
NOTICE TO THE LADIES OF GLOBE
MRS. HENRY REED
Has openod her elegant parlors for hair
dressing, shampooing and facial mas
sage in the new Toombs building, whero
sho will bo pleased to demonstrate her
first-class opportunities for giving the
ladies of Globo efficient treatment. Call
and bo convinced.
Itegard'mg tho recent slump Walker
The decline in market prices was as
tonishingly rapid, and the best of tho
coppers suffered quite as much propor
tionately as those representing no dem
onstrated valuo. A great many over
extended speculative accounts were
liquidated. The extremo strength of
the money market caused a numbor of
railroad corporations to discontinue all
betterments nnd extensions. Markot in
terests iealized when this announcement
was mado that tho result would bo a
greatly reduced demand for iron and
steol and decreased employment of la
bor. Tho reason for tho heavy selling
of tho market, especially in tho steol
stocks, is traceable to this. The aston
ishingly low prices touched by somo of
tho best stocks was tho result of tho
forced salo of margined accounts. It is
difficult for ono who realizes tho strong
industrial and financial position of tho
country to believe that the stocks of
tho best railroad, industrial and mining
companies are not worth a great deal
more than their recent selling prices.
The best of tho coppers liavo declined
lower than thoy should on a 15-ccnt cop
por markot. A very great deal of tho
coming business depression, if not all
of it, or moro than 'alf, has been dis
counted all ready. While it is quite
cortain that coppor stocks in genornl
will not advanco on declining metal
prices, it would seem cortain that tho
best stocks have already had their full
decline. There is a good prospect that
existing metal prices will bo maintained
for two or three months. During this
The Globe Hardware Co.
HAVE A NEW AND
Rooms 7 and 8. P. O. Bld. Phone 1241
and in fact everything in
the Hardware Line
at the right prices
Agent for 7
FAIRBANKS, MORSE & CO,
The Globe Hardware Co.
I. N. KINSEY, Incorporated
Dealers in listed and unlisted securities
Quotations from New York, Boston and Duluth by quick wire service
Listed stocks carried on substantial margins
Office in Lobby of Dominion Hotel
a i ' uj;
-' ' ' ' ....-..- 1 tLm
....The Globe National Bank....
OFFICERS AND DIRECTORS
G. S. Van Wagenen, President. J. H. Hamill, Vic President
Dr. W. A. Holt. A. W. Syduor.
E. M. Whito. Fred X. BragOHiwr.
Patrick Rose. ' Fred J. OrlMB.
A. G. Smith; Cashier. ,
J. S. Todd, Asst. Cashier.
WE HAVE TJXBQUALM) FACILI
TIES in our nx. omou ro
pa-ktn'O OAXm OF TOO VALUA
BLE FAPJOi, fcTO. CALL AND AR
RANGE TO SENT ONI OF OCT
STEEL SAFETY DEPOSIT B03
OUR VAULT XI FOXFlOOr.
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