DAILY 'ABItfONA SILVER BELT
Thursday, September 3, 190s
M7VES, MINING and the MARKETS
iiai r 0
HEIGHTH OF PRICES CAUSES
SPECULATORS TO HESITATE
AND MARKET REMAINS LARGE
LY INACTIVE IN CONSEQUENCE.
NEW YORK, September 2. Tho tone
of speculation in stocks, today showed n
degreo of distrust and hesitation. The
feeling based on tho lioighths to which
prices have been carried already, found
expression in refraining fioni farther
buying and bidding up of stocks, more
than in any activo attempts to get them
lower. London and Berlin were report
ed large buyers of stocks here today,
this important factor causing early
strength in tho market.
Tho price of copper was marked down
iu tho New York metal exchange, and
' this, with tho poor showing in the an
nual report of tho American Smelting
company, made copper shares vulnerable-
to pressure. American Smelting
broke with sonio violence and tho whole
list sold on". Remnants of tho advance
were left in the strongest stocks.
Bonds were irregular.
Silver 51; Mexicans 4!.
NEW YORK, September 2. The
London tin market was over 1 higher
today, with spot quoted at 132, 10s,
and futures at 133, 7s, fid. The local
market was quiet, but also advanced
with spot quoted at 2S.7o to 29.12.(..
Copper advanced to C0 I.h for spot
and 01, 10s for futures in the London
market. Locally tho market was easy
and a- shade lower on the inside, with
lake quoted at 13.50 to 13.75, electro
lytic at 13.37. to 13.62, and casting
at 13.12 Mo 13.37.
Lead was unchanged at 19, 7s, Od
in the London market. Tho local mar
ket was quiet and unchanged at 4.70 to
Iron was unchanged at 51s for stand
ard foundry, but a shade higher at
Poor coffee has to be
sold in bulk, it isn't worth
Tom frecr rmrsi year mm? cf yea 4oa1
ScMUki Btti pay hia-
o'-'s -I't'ii lor uioveiatut warrants on
tho London market. Loyally no ehnngo
CHICAGO, Soptombor 2. -Wheat was
strong all day. During the session tho
September delivery, which opened at
90 1-8 to 90 1-4, sold up to 97 7-8. May
sold at 101 1-2. Market reacted con
siderably lato In the day because of
realizing sales, but closed firm, Septem
ber at 97 3-8 and December at 90 3-4.
New high records for all deliveries in
corn for tho season were made today,
the result of active buying by shorts,
tho September option selling at 80 cents.
The market slumped severely latri in the
session, owing to heavy realizing sales,
the September delivery showing tho
greatest loss, selling oft to 78 3-1. The
market closed weak one-half to three
Trado in oats active and the market
strong all day. Tho close was firm anil
prices one-eighth to three-eighths high-er.
(Tho II. 1L IJru Co.)
American Sugar 133.00
Amalgamated , . . 79.02
Colo. Fuel & Iron .
Missouri Pacific . . .
U. S. Steel 41
do pf d
Arizona Commercial ...
Calumet & Arizona
American Saginaw ....
Butte & Arizona
Butte & Londpn
Bay State Oas
Wool Dress Goods
Now is jthe time to buy your Ginghams
for your school dresses. The latest de
signs and best material. Also some nov
elty goods. Just the thing for early fall
wear. Bring in the girls and dress them
up ready for school.
The Best Goods at the Lowest
L, S. & A.
Santa Fo Min
Nat. Min. Ex
Nevada Utah ,,. .
North Butte Ex
Superior & Boston ....
Superior & Pittsburg . .
Wolverine & Arizona . . .
Lake Copper Co
Ojibway ? .
Tho placing of 2S,G18 cars in employ,
merit and tho reduction of just that
many from tho total of idle equipment,
indicates the larger traffic movement
which current gross earnings have sug
gested. There is 40 per cent more
equipment iu use now than at tho end
While some interests are predicting
a further rise" in the market, led by tho
Harrimnn stocks, others arc advising
caution against following it with too
heavy committment, on the ground that
the short interest han been nrcttv well
'eliminated, and a political scare is in
tho making. They yield attention for
one thing in the imminence pf the state
elections. They maintained, firstthnt
it would not bo good policy on the part
of tho big interests, reputed to be work
ing for a rise, to let tile market move
too high without a reaction.
It appears that one of tho big facts
underlying the confidence in tho market
for St. Paul shares which has frequent
ly been expressed by many friend o'f
the road is the assurance that tho St.
Paul as soon ns it begins to operate as
.far as Bntto will have a largo portion
of tho traffic arising from tho copper
industry of that place, which consists
of haulage of ore, fuel and refined cop
per. St. Paul being a Standard Oil
road and Amalgamated Copper a Stand
aril Oil company, it is logical to' assume
that St. Paul will secure a good deal of
the copper traffic.
Tho speculative forces which have
been gathering in topper for several
days, says the New York Journal of
Commerce, are becoming effective in ad
vancing the market for both standard
and refined, accompanying the increased
activity in copper securities both here
and abroad. Thus far there has been
very littlo buying by consumers, al-
though there have been some inquiries
ami some iow purcnases, out mainiy oi
a speculative character. Undoubtedly
tho market is to bo again advanced,
temporarily, at least, with rcnowed pur
chases in Paris,, as well as in other
continental points, to assist iu market
ing copper shares.
Wentworth Military Academy
Oldest and Largest Military School in the Middle West
Courses of study prepare for Universities, National Academies,
or for life. Special instruction for backward students, Sep.
arato department for small boys. Manual training, infantry,
artillery and cavalry drills.
The physical welfare of students is provided for and per
fect discipline maintained by means of a military department
under government supervision and by 'means of our, athletic
organizations. Their moral ancf mental welfaro is looked after
by a faculty of university educated Christian men. Over $31,
000 wero expended during past year in improvements. Our at
tendance last session almost equalled tho combined attendance
of any other three similar schools in tho state. For Catalogue
address the Secretary, Box S, LEXINGTON, MISSOURI.
Carnations In August
Wo can ship you carnations during tho hot woather and make you
a spoclal price of 15c per doz., SI .00 per 100 for August.
No orders shipped less than COc.
Wo want a live dealer in evory town to handle our stock this year.
Writo us for particulars.
Cash must accompany all orders.
v 107 Pier Ave., Los Angeles, Cal.
"The present bull campaign, led by
the Harriman-I'rick,Rockefeller coterie,
is one of the most adroit and masterly
that has ever been undertaken," re
marked a broker who has followed the
stock market very closely for twenty
years and more. "These gentlemen and
their immediate following took all offer
ings of stock at very low figures, and,
of course, have experienced no difficulty
in carrying them owing to the abundant
supply of money at abnormally low'
rates. If, for instance, they had at
tempted to sell Union Pacific at 125,
thero would have been no takers. Their
program has been to" simply mark up the
prices of their goods from time to time,
and whenover there is a reaction of
two or three points from the top, the
public traders show a disposition to
nibble. Last week it was difficult to
coax anybody to buy Union Pacific
around 157. If it should decline now
to 159, there would be a gntb for it;
this will happen, in a like manner, ns
long ns the marking up process con
tinues. In the end the public will have
tho great bulk of tho stocks. As yet,
however, they are in strong hands."
Canvas awnings Globe Paint Co.
Btomuh titrable Is bat symptom of. and not
In Itself a troo disease. We think oi Drtpepei.
Heartburn, and Indication as nal diseases, to
they are symptoms onlr oi a certain spoclflo
Nerve ilcknett notnlnjr else.
It was this loct that first correctly led Dr. Shoop
In the creation of that now Tory popular Stomach
Bexnedy Dr. Snoop's Restorative. Going direct
to the stomach nerves, alone brought that success
and favor to Dr. Shoop and his Restorative. With
out that orUrinal and highly vital principle, no
such lasting accomplishments were ever to be had.
For stomach distress, bloating, biliousness, bad
tireeth and sallow complexion, try Dr. Snoop's
Restorative Tablet or Liquid and see for your
self what it cm and will do. W sell sad cieejv.
Palace And Globe Ptiarma&ies.
President Amster Talks of the Bond Is
sue and tho Favorable Develop
ment In the Mlno.
ThoArizona Commercial Copper com
pany's now' bonds lmvo sold at 110.
N. L. Amster, president of the com
"There was never any question as to
tho success of this bond issue, for the
bonds are a first lien on tho entire prop
erty, including tho railroad, which cost
$175,000, and are a three-year call on
the stock. Tho bonds nre callable at
105, but should they bo called at any
time for payment, stockholders would
always havo sixty days thereafter in
which to convert. All convertible bonds
issued by mining companies aro callable
at from 102 to 105.
"I do not believe tho favorablo posi
tion of tho Arizona Commercial Copper
company is generally appreciated. His
tory has been making fnst underground
in our property, and when wo cut the
oro body on tlio 500-foot level of the
Black Hawk in a crosscut from tho
new Eureka shaft, that gave us a length
of over 1000 feet on tho lode, and we
know that tho oro body fpr its entire
length is from 'forty to forty-five feet
in width. The character of the ore is
the samo wherovor cut, and as we have
drifted on the oro on all the levels above
from the incline shaft, we know that we
havo about 1,500,000 tons of oro in this
oro body to the 500-foot level, and wo
estimate that this oro can all be treated
at a net profit to the company of $3
per ton on 12-cont copper, or a mat
ter of $4,500,000.
"Tho important development, how
ever, is that east of the incline shaft
we sank a win?e to water lercl ami
crosscut from the winzo just above the
water level. We found that just below
th 500-foot level we have a zone of sec
ondary enrichment where the ore runs
from 8 per cent to 12 per cent copper.
As the same ore conditions exist the
entire length of the 500-foot level drift,
we have every reason to believe that
when we sink our big Eureka shaft an
other fifty feet to the 000-foot level,
which is n matter of thirty or forty
days' time, wo shnll rum into rich ore.
"All indications point to the Arizona
Commercial Copper property developing
into ono of the big mines of the coun
try, and I was never so confident of
the company's future as I am today in
tho light of recent developments. The
tock sold at 52 several years ago with
nothing like the showing we now have.
It should not be forgotten that the
Black Hawk is not the only property
owned by the Arizona Commercial com
pany. We have the Copper Hill and the
Cochise workings, both of which are
properties of grejit promise for the future."
DoWitt's Little Karly Riscw are
miall pills, easy to take, gentle and'sure.
Sold by Hanna's Drugstore, 22S Broad
THE GIBSON MINE
Crosscuts on Fifth and Sixth Levels
Iudlcato 100 Feet Width of Vein
S. L. Oibson, president and manager
)f the Gibson Copper company, came in
yesterday from Bcllevue on business.
Mr. Gibson stated that while the pub
lished report of a strike of rich sulphide
ire in the Gibson mine was premature,
the recent improvement on both tho
fifth and sixth levels has been encourag
ing. Quite n flow of water is now com
ing into tho crosscuts on both levels
which were previously dry, and this is
taken as a good indication, as the ore
bodies on tio levels above were quite
The east crosscut on the fifth level,
100 feet north of the shaft, is in ledgo
mntter for sixty-five feet, and the west
crosscut on tho sixth level is forty feet
in the ledge, and neither has reached a
wall, proving that the ledgo is over 100
feet wide. The fifth level crosscut is in
'ow grade sulphide which has improved
considerably and shows some good sized
stringers of chnlcopyrite.
Two winzes are being sunk from tho
fourth level, one of which is close to
a 8ltf)ot of high grade ore, but little
headway is being made in sinking, ow
ing to the ground being very wet, and
tho fact that the fifth level drift has
to bo driven 200 feet farther before an
upraise can bo started to connect with
the winze. The oro body is there and it
is only a matter of two months or so
until it can bo reached.
Mr. Gibson informs us that A. F.
Hawkins and sou have made a strike
of high grade sulphide on a claim sit
uated between the New Dominion mines
nnd the Central Copper company's prop
erty. Tho oro is chalcopyrite and the
pay streak is eleven inches thick.
August time tells on tho nerves. But
that spiritless, no ambition feeling can
be easily and quickly altered by taking
what is known by druggists everywhere
as Dr. Shoop's Restorative. Within forty-eight
hours after beginning to use
the Restorative, improvements will bo
noticed. Of course, full health will not
immediately return. Tho gain, however,
will surely follow. And best of all, you
will realize and feel your strength and
ambition as it is returning. Outsido
influences depress first 'the "inside
nerves" then the stomach, heart and
kidnoys will usually fail. Strengthen
these failing nerves with Dr. Shoop's
Restorative and see how quickly health
will be yours again. Sold by Palace
and Globo Pharmacies.
Cleaning and Pressing a
Opposite Fireman's HalL
C50 N. BROAD
Booms $2.50 a week, up.
Beds 25c and up.
Swellest Goods in Town
Baatz & Co.
686 N. Broad Phone 1781
Wuicich & Pavlovich,
FINE WINES, LIQUORS
Box 992. No. 679 N. Broad
H. C. Hopkins
U. S. Dep. Min. Surveyor
Boom 16, Globe Office Bldg,
899 N. Broad
Strictly Home Cooking
150 W. Push St. Phone 1952
Nicely Furnished Rooms
Baths In Connection
Mrs. A. JVLconard, Prop.
De Lacy House
391 N. Broad
Nicely Furnished Eooma
Over Roosevelt Stage Office
Mrs. A. DoLacy, Prop.
At All Hours.
Open or Closed
PHONE 171 or 661.
Opposite McKevltt Block
Best Drinks and Cigars.
J. E. PRINTY, Mgr.
Jon Boarding House
148 E. Oak Street
Strictly Home Cooking
1 a Day. 6.50 a Week
SPARKLING COOL BEER
RUBE EGNER, Prop. 376 N. Broad St
Flrst-Clas3 Barber Shop
L. E. HOEYE, Prop.
440 N. Broad.
Best Baths Always Ready.
RYAN & CO.
Druggists and Stationers
Office Supplies, Sporting,
Goods, Phonographs, and
326 NORTH BROAD
214 N. Broad
Watch our advertisement
On Editorial Page.
F. L. Toombs, Manager
Los Hnaeles MM
052 N. BROAD
Good Meals Best Service
Private Rooms for Ladies
HONG LOEY, Prop.
DAY AND NIOHT
Popular Resort for
642 N. BROAD ST.
Clean, Ready, Convenient
Next Deor to Coney Island
W. H. MA HER, Prop.
471 N. Broad
Now woolens for
fall and winter
suits. Our steam
and dry cleaning
makes old gar
ments look llko
new, hats blocked.
N. Broad St
and all kind of
G. S.Van Wagenen
POST 0FHCE BLDG
Directory of Globe Unions
CARPENTERS AND JOINERS
Local Union No. 1030 C. & J. cf America. Meets every Thursday
at 8 p. m. at Old Salvation Army halL C. D. Olds, Pres.; E. S.
Journeymen Barbers International Union of America... Meets last
Tuesday in each month at 8:30 p. m., Newport barber rhop. W.
F. Martin, Pres.; Otto Perdue, Bee.
G;lobe Minors' Union No. 60, W. F. M. Meet every Tuesday at 7
p. m. at Old SalvatFon Army Hall. J. T. Murrisb, Pres.; William
Globe Typographical Union No. 367. Meets first Sunday in month at
4 p. m. in Silver Belt office. S. R. Sprecher, 'Pres.; Carl P. Holds
Storo and Office Employees' Union Meets First and Third Mondays
in Salvation Army hall. A. H. Hargrave, Presdient. E. G.
Brotherhood of Painters, Decorators and Paperbangers of America,
No. 217. Meets every Tuesday night in Keegan's ball. Gus Joi
ner, Pres.; N. D. Swartout, Sec.
K. OF P. NOTICE
Members of Pinal Mt. Lodge aro requested to attend the meeting
Thursday evening at 8 p. m. Business of importance, also smok
er. Visiting members are cordially invited. S. EITllER, C. C.
Things to Eat
Go to the
Abbott & Echols
340 N. Broad.
Gibson Stage Line
Gibus Coppir Co., OSet Trait Bids;.
Regular Trips; Tuesdays,
Thursdays and Saturdays
Leaves Globo 8 a.m.
Returns to Globe 5 p. m.
O. K. Stables
Livery, Feed, Sale
Stago Stand for Gibson
Cor. Cedar and Railroad Sts,
W. P. KELSET, Prop.
585 N. Broad Phone 731
Best Rigs, Prompt Service
GEO. E. SHUTE, Proprietor
441 N. BROAD
Saddle Horses and Rigs for
McBroom & Co. Phono 1221
Ice Cream Parlor
461 N. BROAD
DUNCAN & COFFEE
Arizona Steam Laundry
and Towe! Supply Co.
One day work a specialty
760 N. BROAD Phone 401
228 N. Broad Phone 146
445 N. BROAD
Good Meals Best Service
Private' Rooms for Ladies
GIN & CO., Props.
United Drug Co.
Pure Drugs, Stationery, Etc.
CALL AND SEE
524 N. -Broad Phone 1661
SCHLITZ "that made. Milwaukee fa
mous," SCHLITZ that makes U men skin;
We call for SCHLITZ and who can
We drink and call for SCHLITZ again.
460 N. Broad Phoae 361
Birthplace of Low Prices
251 N. BROAD
J. E. McNEDL, Proprietor
Groceries, Fruits Cigars
South Next to Gila Valley
Sold, Rented, Exchanged
Fixtures and Supplies
371 N. BROAD
L. Hunsaker, Manager
454 N. Broad Phone 471
290 N. Broad Phone 181
Supplies Force, Energy
Call for It When Yon Order
486 N. BROAD.
Jack Martin, Prop.
Samuel's 80 Year Stock
610 N. BROAD
Fltzpatrlck & Perry, Prop.
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