The White Pine news. [volume], January 04, 1910, Page THREE, Image 3

About The White Pine news. [volume] (Ely, Nev.) 1906-1910

Image provided by: University of Nevada Las Vegas University Libraries

                
MARKETS, MINING AND METALS
COPPERS START
TEAR BRISKLY
Inspiration retained Its lead on
the curb yesterday, closing at the
new high of $9.75. Mason Valley
also started what looks like the
probable steady advance which It hae
had coming for some time. Ely Cen
tral picked up Its strength and made
a strong rlose. Boston Ely held very
steady, with upward tendenry that
brought it to a close at the high.
The three big ones of the local list
were Inclined to a triflle of weakness,
Nevada Con. and Giroux falling off
a little from the opening.
The general market appeared
buoyant and the outlook for the
week Is considered to he strong. Up
ward movement of prices Is looked
for all along the line today. The
president's message, due Wednes
day noon, may halt the prices of
the railroads temporarily, but it is
not believed that after the message
has been read to congress that it will
have further market lnflnence. Uears
concerning radicalism likely to be ex
pressed are not believed well
grounded, aside from which It Is a
hull situation that the new year con
fronts and it is not going to be
downed to arv appreciable extent by
anything now in prospect.
SAIT LAKE TRADING.
SALT LAKE, Jan. 3.—The first
trading of the new year occurred to
day, the market opening strong and
with a great deal of promise for
1910. An Ely brokerage firm was
among the newcomers to the active
business of the local market, the E.
W. Hurse Co., opening their office
this morning under the management
fit Austin Jackson In the Schubert
Theater building. Almost all the
stocks of the local list advanced to
day. The most noticeable advances
were In Colorado, Sioux Consolidat
ed, Iron FHossom and New York. In
addition to an improvement In the
extent of ore deposits of both Colo
rado and Iron Blossom of late, the
fact that the management has de
cided to curtail the dividend* and
devote more of the surplus to ex
ploration work. Is looked upon very
favorably by Investors. Formerly
the Knights did not hesitate to say
that nlmosf all the money that was
realized from the sale of ores, over
and above the operating expense ac
eount, was paid out In dividends.
Now that they have decided upon a
more conservative policy the In
vestors believe that It will result In
great benefits.
E. W. Hl'LHE M CO. LETTER.
In spite of the Inclement weather
and the storms which managed to
play havoc with the wires east of
Halt Lake, our new leased wire ser
vice worked to a nicety yesterday
and, as a result, we were able to give
out clients “red-hot” market re
turns right from the New fork. Bos
ton and Halt Lake markets. There
were many features to the day’s busy
market. Among them was the action
of Ely Central, which opened strong
ly at 11.93^4 and closed at 12.15.
This Is undoubtedly attributable to
good news from the Eureka shaft
whbh Is reported to hare struck a
grade of ore similar to that which
Is now being mined from the great
pit of the Nevada Con. Boston Ely
clung to its splendid mark of
15.37*4, acquired some days ago,
and there were some profit-takers
during the day. All of the Ely Is
sues showed considerable strength
while some of the outsiders, among
them North Butte, showed slight
dropping off. Ray Centry, which Is
becoming a popular trader among lo
cal Investors, again hofered around
the $5.62 V4 mark which to many hns
been rite signal of a good buy. Mc
Donald Ely continued to be a popu
lar trader yesterday and, as during
the week previous, maintained a
good figure. Calumet also came
• the markets.
• NEW YORK, Jan. 3.—
• Lead quiet, $4.62 % @ 4.72 % .
• Copper easy. Spot. 13.37%
• @62%. March 13.40 @70.
• Silver 52%.
• CHICAGO, Jan. 3.—May
• wheat c'osed at $1.13 to
• $1.25.
^ t
TRIPPE, THOMPSON & CO
New York—Rceptoe Hotel.
Opening. Close.
Nevada Con.$26.87 % $26.75
Cumberland Ely. 8.00 8.00
Giroux. 11.37% 11.25
Mason Valley ... 2.00 2.96%
Inspiration . ... 9.69 9.75
Boston Ely. 5.31 5.37%
Ely Central .. 1.94% 2.12%
back to life and Jumped up 2 cents
over the quotations of the old year.
NEW YORK AND BOSTON STOCKS.
Open. Clone.
Amalgamated .. 90.62*4 90.37 *4
Am. Smelting ...103.75 103.00
North Butte .... 49.75 48.62 *4
IT. 8. Smelting. . . 54.75 53.87 *4
,Cal. ft Herla ...680.00 680.00
Cal. ft Arlz.102.00 102.00
Florence. 2.62% 2.62%
| Goldfield Cob. .. 7.81 7.94%
Greene Can.11.50 11.12%
Bay Cen. 3.62% 3.62%
Kay Con. 26.87 % 26.87%
Ohio Cop. 5.50 5.62 %
Tenn. Cop. 40.25 40.62 %
Utah Con. 45.50 45.50
Utah Cop. 60.25 59.50
Yukon. 4.94% 4.94%
Inspiration . ... 9.50 9.81
Nevada Con. 26.87% 26.62 %
Cumberland Ely. 8.50 8.00
Giroux. 11.12% 11.25
Ely Central .... 1.94% 2.25
Boston Ely. 5.37% 5.37%
Ely Con.78 .78
SALT LAKE STOCKS.
Open. Close.
Black lack.12 .11%
Colorado.81 .79
Indian Queen ... .u3 .02%
Mason Valiev . . 2.05 2.05
May Day.19% .19%
Net. Hills.66 .66
Prince Con. 1.02 1.02
Seven Troughs .. .09 .09%
Silver King .... o.o« 3.60
Sioux Con.32 .32%
So, Col. Con.09 .09
Uncle Sam.4S 4 4
Utah Con. 5.25 5.00
Yerlngton Cop... .03% .03%
Calumet.27 .26
Columbus. 1.31 1.37
.McDonald.42 .4 4
Witch.25 .25
Federal.12 .12
Resurrection ... .10 .10
Iron Blossom ... .75 .76
PLATE TO NEW YORK.
Mining Engineer Leave* District for
Bigger Field—Receives Val
uable Presents.
R. H. Plate, for the last four
years engaged in mining in the dis
trict, the larger part of the time as
manager of the Gunn-Thorapson
mining Interests here, leaves this
morning for New York, where he
will probably have his headquarters
In future.
Mr. Plate's energies the last two
years have been pretty largely cen
tered In Co®pertnln«6 Co. properties.
On Copi*ermfnes he has conducted a
large amount of exploratory work,
which has been attended by results
which leave small room for doubt
but that this property will In due
time become one of the big produc
ers of the camp.
Ifia departure from the camp Is a
matter of much regret to many
friends, who, however, find pleasure
In confidence that In the broader
field which he enters, with his quali
fications aa a mining engineer. Mr.
Plate will unquestionably make rap
id headway.
In token of their esteem, a num
ber of friends Sunday evening at the
i niverslty club made Mr. Plate
presentation of a fine gold watch and
c hain and of a valuable scarf pin.
MININA KNAINKK.lt DKAD.
DENVER, Jan. 3.—Harvey A.
Shipman, a miniag cnglnner of In
ternational reputation, is dead here
of pneumonia. Mr. Shipman operat
ed mining properties in the United
States, Australia and South Africa.
ROAD TO JARR«OK CAMP.
Almost Level Route From Salmon
Dam to New Aold Country.
TWIN FALLS, Ida., business men,
It is said, are bending every energy
towards making their little city the
supply point for freight including
machinery and provisions, and also
the passenger depot, for the new
gold camp of Jarbidge In northern
Nevada. Efforts are now being
made to have the Minidoka & South
western railroad extended Its road
from the Salmon river dam into the
new gold country, a distance of
We have the best unincorporated ground
in the district listed on our books.
Write or call on us if you want to get in
on the Ely boom.
ELY INVESTMENT COMPANY
ELY, NEVADA
Mayor D. C. McDonald arrived
from Salt I.ake last night with the
news mat extensive development
work was to be commenced on the
McDonald Ely. There has been a
reorganization of the company, Mr.
McDonald being elected president
and general manager, and he will
have full charge of the extensive
work that has been planned. While
in Salt Lake, Mr. McDonald also
brought Success plans to a head,
with result of organization of a stock
company on the Duck Creek proper
ty.
With regard to McDonald Ely, Da
vid Keith, who has been president of
the company for some time, asked to
be relieved of this position, in view
of the fact that an extensive cam
paign of development is planned for
the property, and that he would be
unable to give his personal attention
to the company affairs to the extent
which would he required. Accord
ingly Mr. McDonald was elected
president and general manager of
the company, the other officials be
ing Thomas Kearns, vice president,
and G. W. Parks, secretary. H. A.
Com ins of Ely, and F*. J. Westcott,
W. G. Lamb, Frank Knox and E. A.
Wells of Salt Lake are directors of
the new company.
As soon as the details of the re
organization have been perfected, it
Is the intention of the company to
prosecute actively and on a large
scale the development of its valu
able holdings in the Robinson dis
trict. As outlined briefly by Mr.
McDonald, work will consist of the
sinking of the mill shaft on the Ro
bust and St. Patrick claims to the
8 00-foot level, former work on these
claims having disclosed the presence ,
of deposits of ore running from 3 to
4 per cent copper. Just prior to the
suspension of work at McDonald Ely
this ore had been drifted on for 150
feet and crosscut for 30 feet, the de
posit showing up better and strong
er all the time.
it is the intention also to cross-sec
tion the big porphyry zone which
runs east and west across the com
pany’s territory, this being the same
zone that cuts tnrough the P2Iy Cen
tennial and Ely - Calumet posses
sions.
At a meeting In Salt Lake last
week of the owners of the Success
mining property in Duck Creek dis
trict the organization of the Success
Mining company to take over the
property was completed, articles of
incorporation drawn up, officers elec
ted, deeds made out, and everything
placed In readiness for the filing of
the articles of incorporation for the
company at Carson City, Nevada,
says the Deseret News.
The organization as it now stands
has the following officers and direc
tors: David Keith, president; D. C.
McDonald, vice president and gen
eral manager; H. A. Comins, J. E.
Dunn, and Thomas Kearns, directors
The company is capitalized at
600,000 shares of a par value of $5
each. Of this amount 100,000 are
placed in the treasury. None of the
Stock has as yet keen Issued.
about ninty miles. The Hollister
branch of the Minidoka & South
western is already completed to the
Salmon river dam into the new gold
country, a distance of about ninty
miles. The Hollister branch of the
Minidoka £ Southern is already com
pleted to the Salmon river dam, fifty
miles front Jftrbidge and one of the
advantages of building to the new
camp from this point would be that
of grade, it oeing almost a level
route for the remainder of the way.
Alex McPherson of Twin Falls,
while in Boise recently, authorized
the statement that engineers will be
put into the field as soon as the
weather permits to survey a line for
a railroad from the Salmon river
dam to the new' town of Jarbidge.
The Salmon river dam was built
for the purpose of acting as a bridge
for a combnation wagon road and i
railroad. The dam Is built of solid |
concrete 140 feet at the base and 16
feet wide on top, and built to such a
hctgnt that It is nearly level with the
benches on either side, so that there
would be no expensive bridge to con
struct or grades to climb either for a
wagon road or a railroad.
A stage line will he put on in any
case this spring from the Salmon
river dam over to the new mining
camp and passengers taken care of
on schedule time. A number of citi
zens at Twin Falls have already in
vested in claims or located them in
the camp, several companies being
incorporated.
notice op redemption op
WHITE PIXE cor NTT « PE It
CENT HON<4*.
City of Ely, Deo. 21st, 1909.
Notice is hereby given that there
are now over One Thousand
($1,000.00) Dollars, in the Sinking
Fund, of White Pine County, and in
accordance to an act of the Legisla
ture of the State of Nevada, Approv
ed March 3rd, 1885,
Sealed Proposals will now be re
ceived by ine at my Office, at City of
Ely, for the Redemption of White
Pine County, 6 Per Cent Ronds up to
the Regular meeting of the Board
of County Commissioners, January
11th, 1910.
Rids to be opened at my Office,
City of Ely, at 2 o’clock p. m. on
i Tuesday the 11th day of January,
I 1910.
A. 8. LEAHIGH,
County Treasurer.
Building Material of Every Description
S1EP1CE MELEE IMBffl H COM. CO.
Lump Coal, per ton . . . $10.00
Nut Coal, “ “ . . . . 9.50
Run of Mine “ “ .... 9.00
Coal at above prices delivered at Ely or Ely City
Delivered to Lane City $2.00 per ton addUional
Phone Main 30.
THE FIRST NATIONAL BANK
W. V. KICK. Prea. H. A. COMINS, Tice Prea.
EUGENE GILES. Caabler S. W. BIGG AN E, Aaa’t Caah.
ADVANCE
WITH THE DISTRICT. YOU CAN DO IT ONLY BY
INVESTMENT. THE BEST INVESTMENT, IN OUR
OPINION, IS IN REALTY AND A HOME OF YOUR OWN.
THESE ARE FOUNDATION STONES WHICH HAVE
NEVER FAILED TO ADVANCE THOSE WHO HAVE
MADE USE OF THEM. THEY EVER AND ALWAYS
LEAD UPWARD.
OUR OFFERS
TO SELL LOTS ON THE INSTALLMENT PLAN AND
TO BUILD OR SELL HOMES ON THE SAME PLAN,
STANDS GOOD WINTER AND SUMMER. WE ADVISE
NOW THE PAYMENT OF $25 ON A LOT OF YOUR OWN
SELECTION AND THE PAYMENT OF $25 EACH MONTH
UNTIL THE OPENING OF THE SPRING BUILDING
SEASON, WHEN IF YOU WANT TO BUILD ON THE LOT
WE WILL PUT YOU UP THE HOUSE YOU WANT, EASY
PAYMENTS, UNTIL THE FINAL DEEDS ARE IN YOUR
HANDS.
BEGINNING
MUST ALWAYS BE MADE IN EVERYTHING. - THE
SOONER BEGUN THE SOONER THROUGH. SEE US AT
ONCE AND LET US ENTER INTO FULL EXPLANATION
OF THE OPPORTUNITIES WE OFFER IN REALTY AND
HOMES. MONEY NEED NOT BOTHER YOU, FOR THE
TERMS FIT ALL POCKETBOOKS.
ELY
SECURITIES
COMPANY