The White Pine news. [volume] (Ely, Nev.) 1906-1910, January 28, 1910, Image 3

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The White Pine news. [volume], January 28, 1910, Page THREE, Image 3
About The White Pine news. [volume] (Ely, Nev.) 1906-1910

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The White Pine news. [volume] (Ely, Nev.), 28 Jan. 1910. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn86076249/1910-01-28/ed-1/seq-3/>

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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.

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