Search America's historic newspaper pages from 1770-1963 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the
National Endowment for the Humanities and the Library of Congress. external link Learn more
Image provided by: University of Nevada Las Vegas University Libraries
Newspaper Page Text
MARKETS, MINING AND METALS
COLLAPSE IN LAKE STOCKS LOIRS ALL A Boston dispatch to the News says that Lake Copper was raided on the Boston Exchange yesterday and dropped $16%, down to $60. It was also hard hit at New York. The conditions attending the property should have prevented reflection of its fall in the price of other copper issues, but it seems did not. All the coppers were a little off. losses while not large being general. Lake has been considered over done for some time past. It had a big promotion campaign during the summer, but engineers who visited the property came away with du bious looks and lately have openly declared the property overrated. The smash in the stock yesterday gave the mining list much such of a jolt as Rock Island gave the rails, and Hocking gave the Industrials. These exchange i ncidents have served to greatly weaken public con fidence and until the exchange gov ernors do something drastic to cor rect the situation, the public is go ing to continue wary. Even after remedy is applied. It will be some time until confidence Is restored and prices work back to the level that j brisk trading will bring. Meantime the Just are suffering along with the! unjust. Inspiration was very strong yester day, being an exception to the role and holding its price firm through out the day. Mason Valley was also strong. Reports front these prop erties are better every day. Kly Cen tral lost off a little, hut should he good for advance before long. The situation at the mine Is promising of much within the next ten days. Salt Lake trading yesterday contin ued quiet. There was little or no movement either way. K. W. lil'l,SK & CO I.KTTKK. In direct contrast with Wednes day’s markeii recovery all along the line, most of the stocks again acted lame yesterday. All of them opened strong hut before the close1, the losses were in the majority. Some of the stocks came near to gaining back the* marks held prior to the slump while- th<* others had only the satisfaction of making u good be ginning, losing it before the close. The bigger Issues were hard hit, in some instances again losing as much as ten and fifteen points. The re ported truce between the Amul gamated-Cole-Ryan and (Juggen heim interests, apparently, did not have a soothing effect on the dis turbed condition of the market. It is believed the reported combina tions have had anything but a good effect on the market’s action. I>e mand for Salt Lake stocks yesterday Slumped off a trifle and reports were that the Salt Lake -market again ex perienced a lull, but this appears to be merely a reflection of Tuesday's decline, which, at the time, did not affect the Halt Lake stocks. Consid erable activity was manifested on the local market notwithstanding the slump. Local investors are still taking advantage of every good op portunity and buying desirable is sues at the prevailing low prices, realizing that the time to buy is when they are down and not when they begin their advance. Our dally quotations follow: STOCKS ARE ALWAYS MOVING I ■ I ■ 1 We have every move. The heat facilities for executing order* in Kly. E. W. DULSE & CO. STOCK BROKERS Memlkers of Salt Lake Mining Kx. Fast service Salt 1 .ake, New York and lloMton. Stocks and iMinds hoiiKht and sold in all markets. MAIN OFFIt'K KLY, NKVADA. Phone :t;l for Quotations. Salt laike Office, JP-id Main Street. i NEW VORK AM) BOSTON STOCKS. I Open. Close, i Amalgamated .. 83.00 82.12% j Am. Smelting .. 94.00 92.00 I Adventure. 8.50 8.00 I Ahmeek.220.00 217.00 Allouez. 45.00 45.00 Ariz. Cornel. ... 42.87 % 40.75 Arcadian. 7.87% 7.02% Atlantic. 9.75 9,50 Boston Con. ... 20.00 19.75 Butte Coalition . 25.25 26.00 I Cal. & Heela . 640.00 640.00 I Cal. & Arlz. 72.00 68.00 : Chief Con. 2.00 2.00 j Copper Range .. 80.00 79.00 Chino. 13.50 13.00 Daly West ..... 8.87% 8.50 Davis Daly . 3.62% 3.37% Dolores. 7.00 ” 7.00 * Hast Butte .... 10.62% 10.25 First Nat’l . 4.75 5.00 Franklin.18.87% 18.00 Gila. 8.37% 8.50 Goldfield Con. .. 7.50 7.31 % Greene Cananea. 10.62% 9.87% Granby. 94.00 94.00 Hancock. 23.87% 21.50 Keweenaw. 4.87% 4.50 Inspiration. 9.00 9.00 Basalle.15.87% 1...00 Bake. 76.50 60.50 Ba Rose . 4.50 4.37% Majestic.90 .87 ; Mascott. 7.87% 7.00 Miami. 24.75 24.00 Mex. ( omd. 4.25 425 Michigan. 7.00 7.00 Mohawk. 69.00 66.00 Nevada Utah . .. 1.50 1.43% So. Utah Mines . 3.12% 3.00 Nlplsaing.10.00 * 10.00 North Butte .... 43.oO 40.75 Old Dominion 45.50 45.50 Ohio Copper . . . 4.50 4.50 Osceola.155.00 154.00 Parrot. 20.00 19.75 Oulncy. 79.87 % 79.87 % Rawhide.15 .15 Raven.59 .60 Ray Central .... 3.75 3.62% i Ray Con. 23.75 23.12% Royale. 24.00 22.00 Shannon. 15.75 15.00 Sup. * Pittsburg 13.87% 13.37% j Tamarack. 64.00 63.00 Tenn. Copper 36.00 34.50 Trinity. 9.00 8.00 United Copper .. 7.62% 7.50 Utah Con. 41.00 39.50 Ulan Copper . .. 53.87 % 52.00 U. 8. Smelters .. 47.37 % 47.25 do pfd. 50.62 % 50.50 Victoria. 4.50 3.25 Winona . 10.75 9.87 % Wolverine.150.00 150.00 Wyandotte. 3.62% 2.62% Yukon. 4.87% 4.7.5 Helvetia. 4.87% 4.75 Con. Mercur ... .10 .10 Kerr Lake . 9.12% 8.87% KLY STOCKS. Open. Close. Huston Kly .... 3.87 Vi 3.75 Nevada (’on. 23.87 84 23.12.8i Giroux. 9.62 Vi 10.00 Cumb. Kly . 7.00 7.00 Kly Central .... i./S 1.50 Kly Con. .87 84 SALT LAKE STOCKS. Open. Close. Ajax.30 .30 Beck Tunnel ... .13 .14 Big mil.02 .02 Bln Amal.16 84 .14 84 Black Jack.10 84 .10 84 Bullock.01 .01 84 Carfsa.50 .50 Ced. Talisman . . .02 .02 Century.07 .07 Colorado.77 .76 Columbus.76 .79 Crown Point ... .05 84 .05 Daly Judge .... 4.30 4.30 K. Tintlc Con. .. .0184 0184 K. Tintlc Rev. . . .06 .06 Grand Central .. 1.80 1.85 Orutll.02 .02 Indian Queen ... 02 84 02 84 Iron Blossom .84 .83 Iron King.12 .12 Keystone. .12 .12 Little Bell . 1.80 1.80 Lower Mammoth .48% -49 Mason Valley ... 2.10 2.07 May Day.15 .14% Mineral Flat ... .00% .00% ML Lake.05 .05% Moscow.20 .20 Nevadu Hills . . . .60 .60 New York.07% .08 Plutus.04 .04 % Prince Con.91 .90 Prince Con.91 .90 Provo.06% .06 Seven Troughs . .08 .08 Silver King .... 3.55 3.55 Silver Shield ... .07% .07% Sioux Con.34 .32 So. Col. Con.07% .0V Swansea Con. . . .03 .03 Tintic Central .. .07% .07% Unde Sam.45% .44% Utah Con.04 % .04 Victoria . 1-25 1.25 Victoria Con. .. 05% -04% Western Nevada. .18 .18 Yankee.05 .05 Yerington Copper .03% .03% McDonald.42 .42 Witch.23 .23 Federal. .13 .1* Resurrect ion ... -12 Calumet. -20 bin. Con. Stand.. .24 .23 HKRR1CK-KKRIN NEW YORK CLOSE. Bid. Asked. Nevada Con.*23.12% *23.2f> Giroux . 10.00 10.12% 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 DIRECT SMELTING PROPOSITION IS MASON VALLEY _ Manager W. C. Orem of the Ne vada Douglas and the new Copper Belt railroad has returned from hiR trip of inspection in Nevada and was very busy Tuesday in disposing of business accumulated during his absence, says the Salt Bake Tribune. 1 he Copper Belt road hap now been completed into Yerlngton and freight iR being hauled into that camp on a regular schedule. A gas oline passenger car, of the same build as the one in use between Tooele and the new International smelter in this state has been order ed and will be in commisson for pas senger traffic in the near future. Splendid progress is being made, it j is stated in the furthering of the line of the Copper Belt and its connee- j tions, and the railroad so long a ] cherished hope of the Mason country will soon be a reality. 1 he road to Yerington is of recog-' nized value to the Mason Valley mines in that district, and is given, as being one of the reasons for the increased interest be ing taken lo cally in the future of that property. Manager George Gunn is still in the east, and at the offices 01 the company 1 uesday it was stated that he will probably not be home for some time. it is understood that Mr. Gunn’s visit to the east is prim-! arily for the purpose of making ar rangements for finances for the erec tion of a smelter for the treatment of the property's ores. As a result of the teHts carried on recently by the management of Mason Valley, the ores have been demonstrated to be of a nature suceptible to methods of direct smelting, and this in itself is an item of no little importance to the company. It was anticipated that it would * be necessary to erect a concentrator j for the first processes of the reduc tion of the ores, but if such action j is not necessary, the test results in dicating that it will not be, the prop- i ositlon of smelting for the Mason Valley people is tmuch simplified and the costs of improvements will be very materially lessened. Mining men familiar with the1 Yerington country and acquainted ] with Mason Valley, are unanimous in the opinion that the property is a very important one, recent develop-! ments having been of a highly en couraging nature. Ely Central ... 1.56 1 62 *6 Ely Con.87 Vi .93% Ely W'ltrh.22 .27 Mason Valley ... 2.12Vi 2.37Vi Rawhide C oalition .15 .16 Rawhide Queen . .20 .27 Greene Oananea . 9.87 Vi 10.00 Chino. 13.12V* 13.25 Hovard . 4.00 6.06 HCRRICK-KKRIN SALT LAKE CLOSE. Hid. Asked. Ely Calumet.20 .25 Colorado Mining. .76 .77 Iron Blossom . . . .83 .85 Indian Queen ... -02Vi 02% Sioux Con.32 .33 Uncle Sam.44 Vi .45 Vi Mason Valley ... 2.10 2.12V* ANNUAL REPORT. Butte. Montana, Jan. 1, 1910. Statement of the financial condi tion of the Butte and Yerington Cop per Co., for the year ending Decem ber 31, 1909. Receipts. Balance cash on hand Jan uary 1, 1909 . 3,400.00 Total receipts .$4,449.02 Disbursements. Paid for labor and general expenses .$3,803.97, Balance cash on nand ...$ 64<>.t<o j \V. E. WRlUHT. 21-7 Secretary and Treasurer. ■ — - —— 1 —. i ANNUAL REPORT. Provo, Utah, Jan. 1, 1910. Statement of the financial condi-1 tlon of the Ely Duck Creek Lead & Copper Mining Co. for the year end ing December 31, 1909. Receipts. Balance cash on hand Jan uary 1, 1909 .$ 124.44 | Cash received during the year . 189.99 Total receipts .$ 316.43 Disbursements. Paid for labor and general lexpenses .'. . $ 227.94 Balance cash on hand ....$ 88.49 J. R. llODSON, 2 4-7 Secretary and Treasurer. ANNUAL REPORT. Butte, Mont., Jan. 1, 1910. Statement of the financial condi-. tion of the Butte and Ely Copper Co. j for the year ending December 31, 1909. Receipts. Balance cash on hand Jan uary 1, 1909 .$1,049.02 Cash received during the yf>Hr . 3,400.00 Cash received during the year. 242,690.50 Total receipts.$243,793.93 Disbursement*. Paid for labor and general expenses.$ 3,601.48 Balance 'cash on hand .. $2 40,1 94.4 b HOY S. ALLEY. j 21-7 Secretaiy. The Little Gem Steaks, Chops and Choicest Cuts Short Orders at the Shortest Possible Notice MEALS AT ALL HOURS PRANK COUNTS, Mgr. HAYES GREEN PARK HOTEL First Class Furnished Rooms Always Quiet and Elegant. Housekeeping rooms single en suite MISS HAYES. Proprietress. For Dry Googs, Gents' Furnishing Goods, Hats and Caps, Trunks and Suit Cases, Blankets at right prices THE FAIR Building Material of Every Description STEPTDE MILET lUHBER HID CMl CD. Lump Coal, per ton . . . $10.00 Nut Coal, “ “ . . . . 9.50 Run of Mine “ “ .... 9.00 Coal al above prices delivered at Ely or Ely City Delivered to Lane City $2.00 per ton additional Phone Main 80. THE FIRST NATIONAL BANK W. V. ItICK, Free. H. A. COMIN8, Vice Free. EUGENE G1LE8, C'Mbi'r J. W. BIGGANE, Aae’t n*th 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.