Daily Arizona silver belt., February 20, 1909, Page Page Five, Image 5

About Daily Arizona silver belt. (Globe, Gila County, Ariz.) 1906-1929

Image provided by: Arizona State Library, Archives and Public Records; Phoenix, AZ

                
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tTjBDAy, rEBBUASY'20, 1009
MINES
HI BOND ISSUE
STEADIES ESPEE
IffTCli TlwvU iii.viujwx-iiir.rt a o
CAUSE uunt uoiun ux
OPINION.
COPPER MARKET SOME LOWER
Ujff HIGH RECORDB TOTJUHED IN
SEVERAL places in xtm
GRAIN PIT. ,
VEff YOllK, February 19. Latest
rtlopmcnt.H in tho iron and steel trade
ur( resulted in a great confusion of
mition over what consequences are to
fflloir. This was tho reason for the
lj!t in speculative activity of tho stock
u,t late today, rather thnn any con
iction that tho market had adjusted
jwlf to new conditions in tho sharp
fjl of prices.
TVit tho recently maintained levels
,;tc1jp in steel industrials wcro arti
fcjl 0; n view of tho state- of trade,
x tic opinion expressed with sufficient
fri'.'itncss by tho price mov-imcnt
jllh ha followed knowledgo of a
W move by leading nuthoriths of the
f(i trade. Liquidation in United
5utM Steel continued today on a vory
irp wale, both for homo and foreign
tttoact.
Tit whole market was affected, but
a rvinc decrees. Copper induitr nla
liowed more sympathy with Steel ye?
vrfij than today. This is partly ac-
HMtcJ for by reports of auother dras
tic reduction in the price at which lead
gj producers are offering refine cop
jcr. On the other hand, thero .re
points of resistance in tho railroad iifrt.
lie Southern Pacific bond iiuc, al
liwgh expected, came as a surprise in
wr details. Tho $82,000,000 to bo
fred proved larger than generally
locked for.
SEGUES
Wilson & Cash
BROKERS
Stocks and Bonds, Listed and Unlisted, 1 wight and Sold oh
Commission. Quotations Hturly Direct from Boston & New York
NEW YORK AND BOSTON CORRESPONDENTS
HAYDBN, STONE ft COMPANY
Listed Securities haadled on substantial margins; 50 per
eont advances made on listed Mcnrities. Knquiro for terms.
List your leit stocks with .
PHONE 1741
BEOAD ST., TWO DOORS
11
L J. OVERLOOK
BROKER
MMM-M-HI-H-MH-a-M-HHH-HMi
Stocks Bought and Sold For Cash and on Substantial Margins
Correspondents: LOGAN & BRYAN, NEW YORK AND CHICAGO.;
PAINE, WEBER & CO., BOSTON AND DTJLUTH.
All trades executed over our private leased vrira frm Biabeo to New
York, Boston, and tho Copper Country.
BEOAD STREET, Opp. SILVER BELT
The H. H. BruCo. "SST
'32SlffiBfc (Established 191)
Quotations from and Stocks tsaght and sold 1b all markets. Phone 1001.
Are There Any Leaks
in Your Business?
Have you a bookkeeping system that shows you where every penuy of
your money goes? If you haven't, let me help you to have such a
syjtcm. , "
BENJ. J. BARRON
AUDITOR AND EXPERT ACCOUNTANT,
P. O. BOX 336, GLOBE, ARIZONA.
Business solicited from any placo in Arizona and New Mexico.
i
BARCLAY & COMPANY
Single and Double Teams
Saddle Horses Hay, Grain & Coal
A Specialty made of Fine Livery Rigs
PHONE 171 GLOBE, ARIZONA
AND MARKETS
Tho two Hnrriman stocks wore n
clined to firmness after tho bond'issuo
was announced. A rovival of iinenM
ncsa over tho Balkans position was a
factor for depression abroad.
Bonds irregular.
OOFPER LOWER AGAIN.
NEW YOKK, February 10. Tho Lon
don tin market was decidedly lower to
day, with spot at 127, 12s, tld an I fu
tures 129, 2s, Od. Locally tho riarkct
was weak with spot 27.50 to 28.25.
Copper was lower in London, with
spot 57 and futures 37, Ills, 3d. Lo
cal market dull and lower. LaKe 13.00
to 13.25; electrolytic, 12.75 to 12.S7;
casting, 1C.02VJ to 12.75.
Lead was a shado higher in London,
but the local market was dull and un
changed at 3.97 & to 1.02 &.
Spelter advanced to 21, 12s, (Id in
London. Locally dull nt 4.85 to 1.90. '
Iron unsettled locally.
Silver 50 3-1; Mexican dollars, J I.
NEW HIGH RECORD.
CHICAGO, February 19. A vigorous
onslaught by leading bulls resulted in
wheat prices being advanced front 58
and 3-1 to 13-4 and 1 78c above tl-o
low point of tho day. The rang.) 'for
the day for May. -was between 113 5-8
and 113 3-4 and 1)51-2. Clo-iing quo
tations were at the top untch. July
sold bctAveen 100 1-8 find 101 and cloned
at 101.
May corn sold at 00 1-2 to Gdo-8 in
the first five minutes, a new high record
mark for the season. Tho low point
for the day for May reached 65 5S. The
market closed rather weak with prices
a shade to 1-4 lower. May 05 7-3 to
CG and July G5 1-4.
May oats touched a new high record
for tho season at 55 1-2, which price
was reached on tho initial transactions.
During tho day May sold' off to 55 "iu.1
closed easy with prices a shade higher
to 1-t and 3-8 lower, with May 55 l-l.
CLOSING STOCK
(By Wilson
Amalgamated .
American Smelting .
American Sugar
Anaconda
Arizona Commercial
Arizona-Michigan ....
Amer. Car & Fdry.
Atlantic . -. .
Arizpe -
Adventure
Atchison .
Boston E'y
Black Mountain
QUOTATIONS
& Cash.)
. ... 73.12
84.62
130.00
4 1.50
33.02
. 1.50
...'. 47.87
16.00
77.37
81.75
132.00
45.00
33.75
1.75
48.00
1G.50
1.00
S.00
102.12
1.50
2.87
.... . i,s
...102.00
... 1.37
2.G2
P. O. BOX 1367
BELOW "SILVER BELT"
PHONE 2341
Boston Con
But to Coalition ..
Bay Stato Gas.
Butto BalakLiva
Butto & London
Calumet & Arizona..-..
Contonninl .
Chemung
Copper Uauge
Cumborlnnd Kly
Colo. Fuel & Iron .
Cactus Development ..
Carmen Cons
Uenn-Arizonn "
Fast Butto
Erie! Railway
Cal. & Hecla .,...
Granby ....
Franklin
First National Copper..
Globe Consolidated ....
Goldfield Con. ...
Grceno Cnnnnea . .
Hancock
Helvetia
Inspiration
Keweenaw -
Olobo Con., $2.00 paid..
L. S. & A
La Koso '....... ....
Miami ,
Mo. Pacific .-.
Michigan ..
Mohawk ...... ,..
National Mining Exp.
Novadii Con. ... .
Novada Utah
Nipissing
North Butte
Nowhouso ......
Ojibway ...... ... .........
Old Dominion
Orphan .........
Ohio Coppor
Quincy
Haven , .
Beading -
Rock Island ..
Santa Fc Mining
Shannon
Live Oak ...,
Southern Pacific ...
Superior Copper .........
Superior & Boston....
Superior & Pittsburg..
Superior & Olobc
Savannah . ..,..
Tamarack ....
Trinity ......
Tonopah Nevada
Union Pacific ....
Utah Coppor ...
U. S. Steel, pfd
U. S. Steel, com....
Utah Consolidated ...
Kay Con. ,
Wolverine & Arizona..
"Yukou Cold -.... ...
.. 12.50
22.50
" "!C5
.. 1C.50
., .30
..101.00
.. 32.50
.. 22.00
.. 73.50
.. 8.00.
.. 37.87
.. 1.50
.. 1.75
.. 3.37
., 13.00
.. 29.37
..03G.0P
.. D9.00
14.00
.. 7.25
.. 6.25
... 7.87
,.' 10.25
.. 13.00
.. 3.75
13.00
22.75
. .66
17.50
.31
102.00
33.50
23.00
74.00
8.19
38.00
1.02
2.00
3.62
13.25
30.00
044.00
102.00
14.50
7.37
0.75
7.91
10.50
. 15.00
4.00
.40
"2.00
3.12
6.62
13.50
70.37
11.50
64.00
.67
18.00
3.00
- 9.75
73.00
5.00
14.00
51.00
J.25
6.75
r
"'.41
130.25
24.00
2.50
15.75
8.00
118.25
15.50
15.25
1.06
2.62
81.00
13.75
6.50
177.87
42.00
112.25
48.37
40.50
11.25
1.25
4.69
4.25
... 6.50
. 13.37
.. 70.G2
... 11.00
.. 63.25
... .66
. 17.75
... 2.94
... 9.62
...'72.50
... 4.62
... 13.50
...50.75
... 1.00
.... 6.69
. '90.50
... ' .40
...130.12
.' 23.87
-v 2.25
...15.50
... 7.50
...118.12
... 43.50
... 15.25
... 15.00
... 1.00
,- 2.37
. 82.00
... 13.25
. 0.25
..,177.75
.- 41.25
-.112.00
.... 48.25
... 40.25
... 10.75
... 1.00
... 4.50
MARKET NEWS UNO COMMENT
(Special to L. J. Overlock & Co.)
NEW YOKK, Fohruury 19. Verifi
cation of recent reports of a cut in
steel products' on reports from Pitis
burg stating a cut of $t a ton for steel
bars was announced, caused further
liquidation in steel shares. Good sup
port was tendered the railroads, espj
cially Harriman's, and declines were
not drastic.
Amalgamated and Smelter wcro ad
versely affected by reducing' the selling
prico of eoppcr. The list docs not seem
to possess inherent weakness, but rath
er a desire on the part of those in con
trol to clear up the situation by elim
inating weak accounts. A good sized
short interest is accumulating. Unions
the support noted todny is withdrawn,
we look for sharp recovery.
LOGAN BRYAN.
BOSTON, February 19. Further re
duction of a half-cent in copper metal
induced further liquidation in tho list,
excepting the issues identified with Cal
umet & Hecla. Buying for thu most
part ii attributed to tho short interest,
with heavy prc.vuro displayed. Reduced
metal prices have not attracted n very
good demand from consumers and un
til the metal becomes firmer, the share
M:.i .!ii .f 1 ,.
1131 viiu cuuuiiuu lu r.'H-
PAINE, WEBER & CO.
NEW YORK, February 19. It ia
claimed that tho recent figures givon
out by tho Copper Producers' associa
tion purporting to show tho stocks in
this country of marketable copper were
misleading in that they did not includo
pig copper. Pig copper, which is a cast
off blister copper and not classified as
refined copper, ixr nevertheless, remark
ablo in n degree, as 30,000,000 pounds
were exported in 1908 and over 42,
000,000 pounds in 1907. Commenting
on this grade of copper in its report
on tho 1907 tr.-ide, the government said:
"This unrefined pig copper was proba
bly used direct for casting purposes in
Europe." Some pig copper is also used
in this country for casting purposes.
If tho Copper Producers association fig
ures were to includo pig copper in tho
availablo stocks, it is estimated it
would be found that the availablo
stocks of copper in the United StatCB
amounted on February 1 to 200,000,000
pounds, instead of a littlo over 140,000,
000 pounds, as given in the associa
tion's report.
Reports from tho railroads reflect in
creasing traffic. The statement of tho
American Railways asaociation for the
fortnight ended Fobruary 6 shows n de
crease of more thnn 3 per cent in tho
number of idle enrs, whilo tho Penn
sylvania lines east of Piitsburg report
an increase in coal and coko tonnngc
in excess of 10 per cent. On tho Buf
falo & Sucquchanna the increase, for six
months was in excess of 12 per cent.
The tondency to spend monoy on equip
ment and repairs was moro marked.
Whilo there wero no onormous pur
chases of steel rails, thero woro many
largo ordors reported, and several roads
aro in the market with specifications
and booking of ordors for equipment
totalling into tho millions.
.The Silyer Belt does, job printing.
ABLZONA SILVER BELT
COLONEL S1URGES
GOOD. BOOSTER
1 FOR ARIZONA
TELLS WASHINGTON PUBLIC SEV
ERAL REASONS WHY THE TER
RITORY IS ENTITLED TO IMME
DIATE STATEHOOD.
"Because, the pooplp who resido thoro
are prepared for it and the plntforms of
both parties havo promised it, I do not
doubt that statehpod will bo givon to
Arizona at tho present session of con
gress," declared Colonel Sturgcss of
Tucsoji at tho Raleigh yesterday, says
the Washington Post.
Tho colonel is national committeeman
from tho territory and was one of tho
Taft leaders 11 1 Chicago. He is consid
ered certain, of election as tho first sen
ator from the new state. Ho owns
n big ranch in southern Arizona and is
interested in sonio of tho biggest mining
enterprises in tho terrtory.
"I havo lived in Arizma thirty
years," continued the colonel, "having
gono thero in the early days, when it
was still quite unknown, oxcopt through
froqilent Indian depredations. There
wcro fow Americans in tho territory
then, and because of the 'dangers and
loneliness which surrounded them thoy
banded together to protect their com
mon interests.. I saw some of the In
dian fighting myself, but it was sporad
ic, and tho Indians are now well tamed.
From that time until tho present I have
seen tho territory grow in civilization,
until todny it offers as great an oppor
tunity for young men as any state In
the union. Indccd, if I wcro a young
man, I should head for tho southwest
and grow up with the new stntc.
"Great riches havo been mined in
Arizona, but the surface has only been,
scratched. Last year "wo surpassed Mon
tana and Michigan in the production of
copper. We raise some of the finest
'fruit in tho world, and despito tho im
pression that the territory has much
desert land, havo somo'of the best farm
ing there. The great Roosevelt ' dam
will irrigate 300,000 acres. By this
and other irrigation projects the desert
is rapidly being made to blossom. The
climate could not bo improved as is a'
tested by tho thousands who journey
thero for health. That the clear, ux
hilcrnting atmosphere has an effect on
the mind is shown by the fact that
tho average scholarship in the public
schools is higher thdn in any state in
the union. Tho pQpUlatiou now is
about 200,000, composed almost entirely
of native Americans.
"It has been contended that our pop
ulation and resources do not entitle
us to statehood, bu it should be remem
bered that wo have moro people than
somo of the present great states of the
union had at the timo they were ad
mitted; that our resources aro as un
developed as wni,their's, and that eco
nomic events aro s'o shaping themselves
as to mnko Arizona certain of a great
future during the next generation. With
tho development of Mexico and the Or
ient, assisted by tho completion of tho
Panama canal, tho possibilities of Ari
zona will begin to be realized. Tho time
surely" will come when she will be one
of tho first states of the unidu in wealth
and popslsifcii. "
A
SMELTER WILL BE
ERECTED AT
KELVIN
RAY CONSOLIDATED COMPANY
HAS EXTENSIVE PLANS
UNDER WAY.
PHOENIX, February 19. Tho erec
tion of i huge concentrating mill and
smelter plant upon the property of the
Ray Consolidated Copper company was.
decided upii at a- meeting of the di
rectors of the tomtrty recently held at
Colorado Springs.
D. C. Jackling, ivho was made gen
eral manager of the company at that
meeting, was directed to proceed nt
once with tho preparation of plans
and the preliminary work will be under
way within a fow months. The mill
will start with 3000 tons daily capacity.
It is tho compnny's idea to construct
tho milling plant along lines varying
but littlo from those embraced in the'
Utiih Copper company's Garfield plant.
It will bo constructed in sections, as
in ,tho Utah C'oppei mill.
Tho smelter will be constructed at
the name time, and with tho same
ideas is to the increase of enpacity. It
is tho company's intention to havo both
mill and 'smelter in commission within
eighteen months.
Reason Enthroned
Became meats aro so tasty they are
consumed in great excess. This loads
to stomach troubles, biliousness nnd con
stipation. Revise your diet, let roason
and not a pampered nppotito control,
then take a few doses of Chamberlain's
Stomach and Liver Tablets and you
will oon be "well again. Try it. For
sale at All Druggist's. Samples free.
Highest class jpb printing at reason
able prices at Silver Belt.
PHOT SELECTED
OF
PRESIDENT ROOSEVELT SPEAKS
FOR WORLD-WIDE CONSER
VATION OF TIMBER
PASSING OFIILL LUMBER SOON
THD2TY YEARS GIVEN AS THE
LENGTH OF TIME PRESENT
SUPPLY WILL LAST
WASHINGTON, D. C, February If).
Conservation co-operation of world-wide
scope 'was tho keynote of an address
by President Roosevelt made at the
White House today before delegates in
attendance upon the North American
Conservation conference.
This sentiment, first vofc'cd by tho
prcsidont, gathered considerable mo
mentum during tho day's proceedings,
and was reflected in the aJdresses of
those who participated.
Characterizing tho movement as of
tho "utmost importance to thj world
at large," President Roosevelt im-pressed-upon
the representatives of this
government, Canada and Mexico, the
momentous possibilities of tho work
that has brought about the assemblage.
President Roosevelt, after the session
opened, expressed the hope to Secretary
of State Bacon, that a Universal Con-
'
servation congress, in which all nations
should bo invited to participate, should
become a reality in tho not far distant
future.
As showing the necessity for a uni
versal congress to deal with natural re
sources, the officials called attention
to tho report from Consul General
Wynne., of London, relative to the
royal commission appointed to inquire
into tho question of a forest station in
the United Kingdom. Experts cxaminul
by this commission with reference to
the future scarcity of timber stated
that in less than thirty years no tim
ber would bo available unless tho dif
ferent countries of tho world set about
replacing immediately and that if every
country should take it up now the res
toration would not be half fast enough
to kcop pace with consumption.
Canada, said Commissioner Tishcr,
has watched with tho cloest attention
the conscrvnflonmoVcnientrfn the Unit
ed States.
Romolulo Escobas, ono of tho Mexi
can commissioners, declared tho conser
vation movement would find no bound
ary line, but would eventually prevail
in all countries.
A dark picture of alleged wanton
destruction of American forests was
painted by Senator; Smoot of Utah.
Senator Ncwlands prophesied that
tho movement will 'find lionstantly in
creasing momentum and that the- idea
will live and find its perfection in leg
islation. The permanent organization of the
North American. .Conservation congress
was perfected upon. the selection of Oif
ford Pinchot, member of tho American
delegation, as chairman.
WEEK'S STORM WORST IN HIS
TORY IN EFFECT ON TELE
GRAPH BUSINESS
CHICAGO, February 19. In point of
damago done, the storms of last Satur
day, Sunday and Monday were the
worst ever experienced by telegraph
companies and railroads. Thousands
unon thousands of noles aro 4till down
and hundreds of miles of wiro prostrnto.
Throughout tho states 01 tnuiana,
Ohio, New York, West Virginia, Mary
land, Delaware and all Now England,
trlngrtipli service is curtailed und in
"onie sections discontinued. One east
em railroad alono lost eighty miles of
criblo. Every repair man in the afflict
ed territory is sti)l working to the limit,
but resetting poles in tho frozen gronnd
is slow work, nud it will be weeks be
foro normal conditions are restored.
RYE COPPER COMPANY
MAKES GOOD ORE STRIKE
E. F. Eisenhour of tho Ryo Coppor
company is feeling good over the news
of an important striko of copper in
that property. The report was brought
in by Mr. Black, foreman jjf the Max
Bonno cnttlo ranch, who stated that the
parties doing assessment work had
struck high grado ore in nu adit tunnel,
200 feet from tho portal and at a ver
tical depth of about 175 feet. Also
bornito ore running well in silver wns
found near the surface, nt a distance
of 1500 feet from the strike in tho tun
nel. Tho outcrop on tho Rye Coppor
Company's property indicates the width
of tho .mineralized zone to bo 250 to 400
feet.
Baby's Hands
Will, got into mischief often it
means a burn or cut or iwald. Apply
Ballard's Snow Liniment just as Foon
as tho accident happens, and the pain
will bo relieved while the wound will
lioal quickly and nicely., A Fur- cure
for sprains, Rheumatism imd all pains.
Price 25c, 50ct and, $1.00 bottle, . -
Boldly TalSc'ohSrmaTy. ""
GAIRMAN
i
WIRES
the market for
First-class meats
PEERLESS
JOE RYAN, Prop.
IV
I
Fill Your Wants Today
I 1 111 iuui noiiu luuajr t
ft For Sunday and Monday as the store will ,
I be closed all day Monday on account of it my-
being Washington's Birthday.
O Store onen tonierht until all are served. O
I
PHONE
MAIN
62
BROOKNER'S
"THE BIG STORE"
1
o
Brick Brick Brick
Brick Brick
Globe Cement and
Coniftruction Co.
FACTORY AND YARDS COR. OAK AND WILLOW STREETS.
Sales Office No. 15 Trust Building:
Have on hand ready for delivery any amount of
well cured Cement Brick. No order too large for us
to fill. No order too small for our prompt attention.
B RICK.
Plenty of Brick
Silver Belt Want
p
E
3
v
Quality
Printing
There are many reasons why the Silver
Belt Print Shop can truthfully lay claim
to a reputation for excellence of produc
tion. The plant is the best equipped in
Arizona, and it is the pride of the man
agement to use this excellent equipment
with taste and mechanical knowledge.
QUALITY is the keynote of our success
and the motto to which we tie.
HIGH GRADE
STATIONERY
Your letter head is your business repre
sentative. A live business man should
no more think of sending out to pros
pective customers cheap looking, poorly
printed stationery than he would of em
ploying a business representative dressed
in rags. Think it over. Intelligent re
flection will result in your next order
being for Silver Belt Quality Printing
u
SILVER BELT
PRINT SHOP
Page Fivtf;
-m
MARKET
PHONE 71
668 N. BROAD ST.
1
I
PHONE
MAIN
1
i
Ads lc a Word
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