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Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, May 26, 1911, Image 6

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'AGE SIX
THE 8ISBEE DAILY REVIEW, BISBEE, ARIZONA, FRIDAY MORNING, MAY 26.1911.
"' ' L L - - - in MMinirn
-r...t -Mwg-.jM,i "JBWPg1 ' '1" 'ffi1'1" ' '" ' ' ' :"' "' " r'V-- -" i ' i ii i. - - rkm " mi-'"7 ' l ' t ssj v-',--g- - '
k.'
It
il' -I
"r- nvT-""Tairr"if i
WHEN
ivira
ARRIES
"Do you know." he said grimly.
that I very nearly choked yon to
Heath ii little while agor
i "It wouldn't surprise mt to be told
o. I said. "Do I know too much, or
;wbat la it. Mr. Harbison?" I felt ter
ribly ill, bat I -would not let him see
It. "It is queer. isn't it how we al
Vays f elect the root for our little
lSerenees?" He seemed
to relax
aosiewhat at my gibe
"I didn't know it was you." he ex
plained shortly. "I was wailing for
one one. and in the hat you wore.
and the coat, I mistook you. That's
nil. Can you stand T.
JJo." I retortnd. I coaM. bnt h!
aummary manner displeased me. The '
aequo), however, was rather amazing, j
tar he stooped suddenly and picked
me up, and the next instant we were
out in the storm together. At the'
I
door he stooped and felt for theij
Jraob. 1
neach it."
Til do nothing of tfau kind." I said
nhrowishly. "Lot me down; I caa
Sralk perfectly well."
Ho hesitated. Then he slid me
slowly to my feet, but he did not open j
the door at once. "Are you afraid '
to lot mo carry you down those stairs. I
Plfter Tuseday nlghtr he asked,
Tery low. "You still think I did that?"
I had never been less sure of it
than at that moment, but an imp ot
perversity made mo retort, "Yes."
He hardly seemed to hear me. Ho
Flood looking down at me as T leaned
t
t
I
gainst the door-frame.
"Good Lord!" he groaned.
"To
think that I might hare killed you!'
And then he stooped and suddenly j
kissed me. !
The next moment the door was (
open, and he was leading me donni
Into tho bouse. At the foot of the
staircase he paused, still holding myj
hand, and faced mo In the darkness.'
Tm not sorry," he said steadily, i
"I suppose I ought to be, but I'm not.
uniy i wanted you to snow mat i
was not guilty before. I didn't in
tend to now. I am almost as moch
urprised as you are."
I was quite unable to speak, but I
wrenched my hand loose. He stopped
back to let me pass, and I at down
-the hall alone
CHAPTER XVIII.
- It's All My Fault.
I didn't go to the drawing room
Again. I went into my own room and
sat in tho dark, and tried to be furi
ously angry, and only succeeded In
Reeling queer and tingly. One thing
was absolutely certain: Not the same
anan. but two different men had kissed
juo on tho stairs to the roof. It sounds
rather horrid and discriminating, but
there was all the difference In the
world.
But then who had? And lor whom
piad Mr. Harbison been waiting on the
(roof? "Did you know that I nearly
choked you to doath a few minutes
go7" Then he rather expected to
jflnlab. somebody in that way! Who 7
Jim. probably. It was strange, too,
but suddenly I realized that no mat
Iter how many suspicious things I
mustered up against him and there
prere plenty down in my heart I
didn't belle-re him guilty of anything.
xcept this last and unforgivable of
fense. Whoever was trying to lea-ve
the house had taken the necklace.
that seemed clear, umess aiax was
till foolishly trying to break quar
antine and create one of tho sensa
tions he so dearly lores. This was a
new Idea, and some things upheld it.
(but Max had been playing bridge
when I was kissed on the stairs, and
there was still left that ridiculous
incident of the -comfort.
Bella came up after I had gone- to
oed, and turned on the Hgat to brush
jher hair.
"If I don't leave this mausoleum
oon, ni be carried oat," she de
jclarc'd. "You in bed, LoUle Mercer
'and Dal flirting, Anne hysterical, and
lllm making his will in tho den! You
rwlll hare to tako Aunt Seilna tonight.
!Klt; Tm all ln."
"IX you'll put her to bed, I'll keep
her there," I conceded, after some
'parley-
"You're a dear." Bella came back
from the door. "Look here. Kit, you
know Jim pretty well. Don't you
'think he looks 111? Thlnnerr
"He's a wreck." I said soberly.
"You nre n lot to answer for, Bella."
Bella went over to the cheral glass
land looked in It. "I avoid him all I
,ean," she said, posing. "He's awfully
Sunny; he's so afraid 111 think he's
serious about you. He caa't realize
that forroe he slmplydoesn't exist
(Continued tomorrow.)
A
Rl
AM
Continued j
BROKERS SAY NOW '
IS PURCHASING Hi
tU.v Gay & Sturgis.)
The time to buy copper shares is
not when tho consumers ot metal
ore clamoring for it and tho pro
ducers nro stimulating an advance
in prico whenever possible. This
condition brings about aa active
speculation, during which an exag
gerated idea of values ot different
mines becomes genorai; and thous
ands of people, becoming carried
araj by their . environment, over
step tho rules 01 prudence and impli
cate their credit beyond a reason
able limit. Many such periods have
been seen in the last twenty years,
uurlnc which the copper industry has
grown from ono ot comparative un-
importance to a very largo item in '
the economic world. Theso periods
have been preceded by apathotic
i t.per shares markets UKo tho one
jo now have.
Tho reason lor tho prcsont stag
nant market for copper shares is !
inrtly found in tho general influ
ences, largely political, surrounding
all securities. Other securities, how
ever, nro by no means so prostrat
ihi and holders of them by no means
-o discouraged as copper shares and
heir owners. The reason for thl3 is
an over-production ot tno metal,
caused both by the over-stimulation
wsultiug from the excessively high
prices ot 1!0G and 1907, and by tho
discovery of means for profitably
treating tho low-grado copper depos
its commonly called -porphyries."
The otcr-productlon is a real and
tangible fact.
The result of the surrounding
tonditlons and the over-production
of eoppor. togoth6r with the painful
fact, for holders ot shares, that dur
ing the last year many of tho older
mines have given unmistaKamc
sims ot senile decay,-is a market' for
eoppor shares- only nominal in ex
tent; ana prices for snaroe, wmie
perhaps In many cases fully consist
nt with present values, are on tho
whol very low In comparison with
ihe o!nt of the industry repre
sented. n upward stock movement uSu
ally starts when industrial and lab
or " conditions are at their worst,
v hen mills are" shutting down and
labor is bolng liquidated until Its
buying power is raralyzod. At the
present moment we are in the midst
ot such a period. Mills throughout
the east aro working on greatly re
duced time and many are idle. Those
conditions have grown acutely
worse during tie last month and
there is more idle- labor than for
l-robably seven or eight years. This
restriction ot output must make it
self felt within loss than six months
at tho consuming end. tho shelves of
jobbers and retailors will be clear.
J, and within reasonable time the
demand will compel the factories to
return to full time, the hlle labor
will bo ro-empkyed and a period of
sood times" will nreaIL This inev
itable period, wo believe, Is now
noon to he discounted in the stock
market.
Metal prices reflect from six
months to a year In advance the
reriod ot "good times." Wo feel that
one of these periods of "good
times" is now not ber twelve to
eighteen months away, and there
fore this is close to the psycholog- ,
ical moment when the tnotal irlcos
en-! 'n sympathy the stock market) ,
may be expected to herald Its com-'
hi. j
Liquidation has been almost con- (
st ant since Novombor of 103, ex-.
Cfpt for a few shortlived specula-'
tkms in certain Lake Superior ,
shares. I'rices today are only frac-!
tlons of what they were, speculation
is nil, the metal is very low and
optimism is almost lacking. Trans
actions are eo small that it wouW
appear only odd lots are existent on
the street. Special lines have besu
liquidated to such an extent that
those left are so nearly paid for as
to tc almost non speculative.
Id other words, copper shares
probably aro more nearly out of tho
street than over before. This condi
tion points absolutely to a period
when ordinary purchases must be
profitable.
The reason that general opinion
does not accept this view is because
of the surplus ot the metal and the
fear of new production. The surplus
is less than a year ago both at home
and- abroad: but this surplus lies in
the yards and warehouses of the pro.
dnrers because of tho implication of
ecltnite BtatUticB regarding it,
which gives the consumer notice
that he does not need to stock up,
and this has diverted the supply
from second to first hands. The new
production is now capable of actual
measurements. It consists of the ad
ditional production of only a few
mine which cannot be ot import
ance for some time and the possible
increase in the production of somo
of the older, If not tho oldest, ones.
This latter is largely offset by the
constant decrease, now rapidly ac
celerated, of the oldest mines.
On tho other hand, ro new devel
opments have been mado In several
years. No less authority than Mr. J.
Parke Channing has testified pub
licly to this fact. The well authenti
cated report that the British Thar
sis Co. hag- been trying for a long
time, without success, to discover a
property or properties to enablo it
to perpetuate Its cxlstonco Is addi
tional testimony. New supplies
doabtlcsf exist, but they will re
quire years of search and labor, and
millions of monoy, to develop them.
"Wallace llucro has joined tho Ds'V
id TJeiaseo forces, and Is working on
the Pacific coast
Asa Hold 1 to become a mana-
for, as she has the rights to a play
y the awthor of "Madame X,"
Eastern Markets
Yesterday
tuy L. J. Overlook.)
BOSTON, May 23. Both the local
market and tho New York market ha"
a sagging tendency nil day but tho
coppers held tho boat. There was
considerable liquidation In Korth
Butte but tho buying was consistent
and It only reacted 8 being S3 hid
strong at tho close, ilohawk rallied
21 points with odd lot sales at 45.
Lake and Copper Range were quiet,
altogether it was a very satisfactory
showing --for the coppers In face of
tho weakness la Steel. Paine, Web
ber & Co.
Curbs continue dull and feature
less. London copper opened nc
changed. .. .
NEW YORK
Amal 6C3
Atch .. 112!
Smelters 79J
BUT 793
Heet Sugar 505
II & O
10M
C & O .
Can rac
C P I ...
Krle . ..
Gt Nor .
Mo Iac
X V ...
NYC . .
M K T .
L &. N ..
S2i
232J
. 33)
. 321
120
. r.oj
127S
lOSi
. 31 J
143
Pcnna .n , 122J
H I 31i
Heading , 15SI
St Paul
1231
7
Po By
.. 2G
. 118
.. 7S
. 1191
. .' 2S
. 1S31
: 17
So Pac . .. ., .'
t,'"Y
steel
Steel Pf .
Tex Pac .
Union Pac
Wabash...
V f
v
W Union '.,.. .-I. ...... 2
r
!. w ,i. ... . ids
Rep Steel 29?
BOSTON
dv , 7
All Si
Coalition .-,. ... .... 26
C & II 475
C & A SGI
I) West 51
E Datte V ' 13
Frank ."... .'. 11
Granbr
G Can . . . .
Giroux
Iloynlo
Inspiration
Keowenaw
Ijiko
Mich
Mass ....
Mohawk . . ,
Miami ...
Nev Cons
N" Butte
Old Dom .
Osceola . .
6t
16
9
3?
2 J
6
55
20J
mi
?
4i ..
3jj
it
103
Parrott , i
uuincy ax
Indiana ...... .
Bay Cons
Mi
IS
. n
24J
20
ICi
. C
II
37
.
IS
2 IS
S3
Bay Cent ! . i
Chlno ..
Shattuck ,. .',,
S & P
S S B
Shannon
Tarn ;..
Tria . ..
Utah Cans
P Dodge
Sup Cop
CURBS
Saginaw -.'..
UalUc '.. '
B fc A
& L r .;;.
Chemung
IS
Cactus ; is
uordova jg
Pull Paid ax '.".. ".'.'.".". 73
Carmen gn
Donn .. ,.J ."."..". a
Elenlta ax '....'.".. 4K
Live Oak ..."". ...... ' !
fbCent - ' !.
nay dem" ::;:..;;; ;;; .; &
Itosalia - "
S-an Antonio ,
Sierra ax t
So Lake ....' v.. "
Bohemia .. . " -i
Savanna ax i
Full mid ax .'.' ".."..'" at
Summltt
X Tigre ..
Warrior ax
Warren . . .
Wolverine ax
Kniwmit. '.
76
- "' I The detailed production fIgurB fir
nt7-iriA,. ,....-.. U10 several companies operating ir.
ui-mcials CONFER. Greenlee county are as follows
POUGHKBEPSIE, N. V juav 2:. ' Shannon Copper Co.
Municipal, problems ot wide varU. Copper. 1S.S73.4S1 lbs. $2,021,964.01
ty are to be wre-tM with at the Gold, 984,472 oz. . 20,239.01
state convention of mayors an.' Silver, 47,720.69 or. 25,532.43
other city offices which began I VAr?i sS?Plta S'Uro'.
this city today. Representatives o.C'CI1BD1.,?-M?ne
New -iork aro taking part in the t Detroit Copper Co.
fathering, which will be In wloe Copper, 22,546,201 lbs.. . .$271,S35.t)T
three days. Standard Consolidated.
.Copper, 50.582.57 1W. SC,443.2t
WEST JERSEY HORSE SHOW. Silver, 3,317.24 oz. 1,790.30
CAMriEV. V J r RTh,.'
Mai . iuu
Tlh anntiol jvrhltilttnn nf Ik. 1V.,t
., MMu. -.,. u.mwu w t-,1. t?w-i
Jersey Horse Show association opot-
ad at CoHlngswood today and will
contlnuo until tho end of the weak, from this source produced 530,7 SO
Tho entry list this year provides for i pounds.
swonty-eight classes and all without Tho production of tho Clifton Mo
.riinn -, -nrnii fin in -iriiri rend district in copper for 1910 ex-
here are several classes confined ..
uw uv.su,
Alorandrn rtlsson. tho famous
French dramatist, had a conference
in Pnrta with Porter Emerson
in Paris with "cr "?"
lZ1 H5? Kfwffi0
.. . -., . .,-- jcen:apnaing montns last year.
The now play In which Robortj "The Whito Sister," yiola Allen's
HllIIard Is to appear Is ealled "The .success, will bo used by stock cote
Seventh Moon." I ponies this summer.
MARKET LETTER
Hayden, Stone
& Co.
BOSTON. Alay 25. Ono would
hite to go back a number of years
to find any single event that had an
influence at once so immediate and
likely to provo so far-reaching, as
tho Standard Oil decision.
Wo cannot but think that it will
seem equitable to the great major
ity of fair-minded men.
The gist ot it, a we sec it. la
this: that every case henceforth
brought to the courts under the Sher
man act will be judged on Its own
merit. Largo corporations will not
necessarily be considered criminal
combinations of capital.
The decision against tho company
in question was as drastic as could
well bo rendered, but a way has been
pointed out. There will not be, as
was bolicod. any "indiscriminate
disintegration." Business men mo
purpose to comply with the law may
go about their business without fcar
of being molcsled.
Discussion of the decision will
gradually din away, but Its effect
will be lasting.
It is' always appreciable In cop
per circles. If business is to rccu
pcrate. as Is hoped. It is most In
torostlug to speculate on tho future
of tho metal,
i-roauction. as we Know, is large:
foreign consumption has also been
large, larger than most people ap
preciate. No very great lncreaso in
demand can reasonably be expected
from this source. Tho future ot the
metal, then, will depend principally
on domestic demand. Let us see what
Its position is in this respect.
In 1909, tho domestic consumption
of copper, as shown by tho Coppo-
Producers association, was 705,000,
000 pounds or at tho rate of, ap
proximately, r9,000,000. pounds per
months: In 1910, It was. 7-1 9,000,00(1
or at the rate of 54,730,000 pounds
monthly.
That is to say the average montlil?
takings havo dropped from 53,000.
000 In 1509 and C2,500,OOO In 1910
1," ry Annn
t'? W.",.J00
In tiio first third or
tho current year.
It lias been, generally speaking
tho history of copper, that demand
increases pretty regularl trooi one
year to another by about 10 per
cent It the domestic consumption
should now merely return to the
level of 1909, it would mean in
creased monthly takings or nearly
6,000,000, while in the total domestic
consumption for this year is to
equal that of 1910, the takings for
tho balance of the year will havo
to avorage 66,000,000 pounds a
! month.
I Clearly, there is reason to believe
that consumption In this country
,wlll, at least. Increase enough to
turn tho small increases tha havo
been noted in surplus stocks of re-
jcent months into substantial dc
. creases.
i Neither need there be any feai
that this reviving demand will bo
swampoa oy proaucuon iroia iuu
r.ew so-called low-grado porphyries.
According to our figures, which we
believe aro conservative, tho in
creased output from this source in
1911 should not amount to morr
thau C per cent o,f tho total.
We do not look for any sudden
large advance In the prico of copper,,
but from the above, wo think there
is. at least, reasonable ground for
the belief that thoro will bo a good
market for all that is produced at
perhaps, 13 cents a pound. After
the new supply has been assimilate 1
it would not surprlso us if there
wore a large advance. This, how
ever, will bo a matter of years.
I The spirited revival In tho copre;
i market has led us to devote cor--Z
blderaNe space to this subject.
71 I There are. of course, other favorabl"
3 ! factors In tLe general situation
I oaneeiallv the lorctgn trade sta'e-
mont for April, and now that the air
has been cleared by the decision, we
cannot but think that, with saunl
underlying conditions, tho business
world and holders of securities may
look forward to at least the balance
of the year with considerable opti
ralsm.
.'RETURNS FROM MINES
j of greenlee county
Assessor James Korb.v, of Creen
eo county, has made public the re-
urns of tho producing mines oi mat
enuntv for the year 1910.
l Tho total production ot thesp
mines for tho year 1910, with the
era! smaller shippers not yet report
ed, amounted to tho enormous sum
, of 19,26202.70, of which gross pro
, ductlon 12,315,551.42 Is returned for
numoses of assessment.
anaara popper mines,
. o-nctnjr. ihc
$31,461.44
VV,.' """ -
cii-,-- A7 r.1
23.36
U..ft, ,.vw
i uunnc mu jvju ujv ouiiurfuu
smelter smelted custom ores and
jgg-. 92!6rUunnds.fl8S,Cth
t Shannon company and the vv. u.
company increased their production
for 1910 over 1509 by 1,241,531 lbs.
Tho April output of tho i A. C
'company is reported aa 2.S40.003
.pounds of copper, comparing with a
Reduction :. .30,000 pounds in tfie
K
IBWla -'JJ.jiaiJi-tfL iqjilLiAyUJ.f '.'''M'1 '"' ' ''' ' ' ''"" Ml111 ' V ' ' '
THEB
OLDEST AND LARGEST BANK IN SOUTHERN ARIZONA
CAPITAL, SURPLUS AND UNDIVIDED PROFITS
$200,000.00
OFFICER.
v n. Zf.upnt, PrMMwt
J. S. DOUGLAS, Vie rntfUM.
M. J. CUNNINGHAM, Cashlsr.
H. A. SCHWARTZ, Awl. CaahUr,
Snail accounts are appreciated, and receive the same careful
Customers of this Bank ate offered every facility consistent
accounts are invited.
L J. OVERLOCK
Broker
Connecting with Logan SBryanPrrvateWireSystemat'Dcnvcr
Pilno,
Logan
CORRESPONDENTS:
The Royal Insurance
Company Ltd.
has transferred Ita ageney for
Blake and vicinity to tha
ARIZONA INSURANCE AGENCY
T. A. Hughes, Manager.
The Royal Insurance Co., Ltd.
paid tho astounding sum ot $C,
746,000 gross In tha San Francisco
Conflagration and theso losses
were paid 100 cents on the dol
lar without discount or delay.
Kindly refer changes la Royal
policies or renewals thereof to
ARIZONA INSURANCE AGENCY
(Bank of Bisbee Building.)
ARE YOUR tYES NOT
WORTH INSURING?
It so call and let us insure
them, against the harmful and
disagreeable effects ot eya
strain, with a properly fitted
pair of lenses.
Dr. Rockefeller, my opto
metrist, is registered by ex
amination in Now York, Min
nesota and Arizona, and has
had a wide experience with
propert fitting glasses. We
grind our own lense3 for each
eye defect.
C. M. HENKEL
JEWELER Otometrlst.
ARIZONA AND
NEW MEXICO
RAILWAY
ARIZONA & NEV MEXICO RAIt-
WAY COMPANY PASSENGER,
SERVICE
DAILY
South Bound North Bound
7:10a,m.Lv. Clifton Ax. 3:58p.m
7:50 a.m. Guthrio Lt. 3:24 p. m
8:35a.ra." Duncan " 2:30p.m
8:68a.m." Lordsburg " l:2p,m
11 :05a.m. Ar. Hachlta. " ll:50a.m
South bound train connects with
Southern Pacific weet bound train
No. 1, leaving Lordsburg 10:07, a.
ra Mountain Time.
South bound train connects with
El Taso & Southwestern eaat bound
tram for El Paso, leaving Hachltr
at 11:42 a, nu Mountain Tlmo, and
with west tound train for Douglas
and Bisbee, leaving Hachlt at 11:10
a. ra Mountain Time.
A. T. THOMSON.
Traffic Manager, Clifton, Arlrona.
Fab. 17, 1911.
9 YE INSURANCE (
sy ,ggA- rf&'?E!g
ANK OF
Bisbee, Arizona.
Deposits Over
ONB MILLION
"Dollars
Wsbbtr A C.. Boston and Calumtf.
A Bryan, Chicago and Nw York.
Special Attention Given to Copper Stocks
Only One Person in a Hundred
can keep money in his possession and not let
it slip through his fingers.
PUT A DOLLAR IN YOUR POCKET
and see how much you have of it in a week's ime.
Money put in your bank is there when you want it.
MORAL OPEN A BANK ACCOUNT WITH US TODAY.
WE PAY 4 INTERE8T ON SAVINGS ACCOUNTS.
OFFICERS J. C. Collins, pr., c L Edmundton, V. Prtt. W. E.
McKee, Vice Pres., B. R. Kuyfccndal', Cath., E. L. Blalr, AVI Ch
O. W. W If, As't Cash.
DIRECTORS J. C. Collins, W E. McKee, c. A. McDanaU.
C. L. EdmunOson, B. Ft. Kuykanda'l.
Citizens Bank and Trust Company
BJSBEE, ARIZONA.
,
(Bhicken Feeo
We havo lust, received a car
load ot chicken feed. Thlt
shipment contains all the li
ferent varieties ot feed stuB
that 13 necessary for the sue
cessful raising of chickens. Egg
food, Chick food, alfalfa, meal.
Special dry, whole corn, chops,
barley, oyster shell, bona
granite grit. Blood meal and
charcoal.
INDEPENDENT
Office Main SL Opp. Palace
!
A A ' -
LUNCH BUCKETS
Given our specia? atten
tion. E'ferythinp; clean
and sanitf.ty.
8USY BEE CAFE t
HISBEE AND LOWELL
PALACE LIVERY
AND
UNDERTAKING PARLORS
BOWEN 4 HUBBARD
PROPRIETORS
AUTOMOBILES
Blsbes and
Phope B-23 ,
FOR
HIRE
Lowjll
Phona L-7
j ageaq )lHlBBR
Fiji KMi-liil 'in I
BISBEl
DIRECTORS.
W. H. SROPHT.
J. S. DOUOLAt,
EN WILLIAM,
L, D. RICKETTS,
. J. CUNNIN8HAB
attention as larger ones.
with prudent banking. Nev
FUEL t FEED CO.
Stables Telephone 235. P. O. Box 637
0. K. STABLES
Ambulance Service D g
anf Night ',
PHONE 15
$ FLETCHER 4 HENNEOBtT $
iPSSLH
Xygwv8?i::y5vJiEF33B
0R. F. R. WILLIAMS
Has Moved to th
C. &. A. Dispensary.
Office Hours 9 to 10 a. m, 1 to
2 and 4 to 6 p. m.
Phons 33
GERALD DEBELY
FIRST CLASS WATCHMAK
ER, JEWELER A ENGRAVER,
AT UNCLE SAM'8 PLACE
MAIN STREET
Every day Is bargain dar It
follow our want ad colarca.
yo
t-vwTit&jtfieV4 .
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