The White Pine news. [volume], March 10, 1910, Page THREE, Image 3

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

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MARKETS, MINING AND METALS
MARKET TAKES
TO MORE SEDATE
ADVANCE GAIT
The market took it easier yester
day. Advances were slowed down to
an orderly gait, which looks like
promising medicine for the next sev
eral days. Some little profit taking
was in evidence, indicating that there
were those for whom the advance
came a little sooner than had been
figured. The general tendency was
upward and at the dose it looked as
if this would again be in full force:
today.
The situation is commented upon
in the east as very satisfactory. In
fact it is said there would be noth
ing left to desire if the growing labor
trouble cloud might be lifted from
the horizon. What with the trouble
in Philadelphia and the inclination of
a very large majority of the railroad
men to go on strike, a considerable
blotch has been made on otherwise
fair prospects for excellent sailing.
However, the market leaders are not
yet ready to take this phase of the
situation seriously. The present ad
vance Is desired to go considerably
further before another decline Is en
tertained, and it looks as If the or
ganization has been brought about to
that end in a way that precludes dan
ger of puncture until the anticipated
profits have been realized.
Meantime the Kly list Is an excel
lent buy. Nevada Con. Is holding
ahead with the advance program and
Giroux looks good to also figure
prominently In this respect very
soon. Boston Kly is making fine
headway at the mine and the month
is very likely to bring developments
there that will warrant the stock
going higher than on any previous
advance. Kly Central is overcoming
Its soft ground difficulties and should
soon be getting down to its ore, the
opening of which is likely to mean a
good deal to the stock. Kly Con. is
getting results that entitle It to a
higher price. Centennial continues
to look good,and If the Newhouse in
spection of this property Is satisfac
tory to the extent of getting the In
creased support that Mr. Newhouse
has signified Intention of giving, the
stock should make very material
gain, and that quickly. Ore Is run
ning heavy from Copper Flat to con
centrator, where they are getting
away with all that comes along, and
the month’s record on copper pro
duction now seems sure of making
to the highest figures in the history
of the camp.
E. W. HI'LHK A TO. LETTER.
One of those slight lapses which
may he expected from time to time
in the gradual upward movement of
STOCKS ARE ALWAYS MOVING
We have every move. The best
facilities for executing
orders In Kly.
E. W. HULSE & CO.
STOCK BROKERS
Members of Salt I.ake Mining Kx.
Fast service Salt Lake, New York
and Itoston. Slocks and bonds
bought and sold in all markets.
MAIN OFFICK KLY, NEVADA.
Phone 33 for Quotations.
Salt I.ake Office, 323 Main Street.
THOMPSON, TOWLE & CO.
25 Broad Street, New York.
Steptoe Hotel, East Ely.
Opening. Noon.
Nevada Con.$24.50 $24.50
Cumberland Ely. 6.50 6.50
Giroux. 10.00 10.00
Mason Valley ... 1.81 1.81
Inspiration. 8.87% 8.87%
Boston Ely . 3.62% 3.62 %
Ely Central .... 1.50 1.50
Ray Central .... 3.68
Close.
Nevada Con.$24.50
Cumberland Ely. 6.50
Giroux. 9.8 7 %
Mason Valley . 1.75
Inspiration. 8.81
Boston Ely . 3.50
Ely Central . 1.50
the market occurred yesterday at the
close, but It was not of a serious na
ture and there were no real effects.
The market opened up with the firm
ness of the past week but tow'ard the
close It registered some declines of
a minor nature. While yesterday's
slight lapse can not be attributed to
any particular cause It Is generally
taken as being due to the covering of
a few of the remaining bear shorts.
There was no visible weakness any
where in the market and normal con
ditions favorable toward Improve
ment should continue to prevail Ne
vada Con. is generally conceded to
bein line for continued advances and
it would not be at all surprising to
see it reach the $.‘10.00 mark before
May. Giroux Is also holding Its own
in an admirable manner and may
also be expected to reach much high
er levels. Our daily quotations fol
low:
NEW YORK AND BOSTON STOCKS.
Open. Close.
Amalgamated . . . 82.75 82.00
Am. Smelting ... 88.62% 8S.00
Adventure. 9.00 9.00
Ahmeek .210.00 215.00
Allouez . 56.50 56.00
Arlz. Cornel. 39.25 39.75
Arcadian . 8.00 8.00
Atlantic . 9.12% 9.37%
Boston Con. 20.00 20.12%
Butte Coalition 26.50 26.50
Cal. & Hecla ...625.00 630.00
Cal. & Arlz. 78.00 77.00
Chief Con. 2.43% 2.37%
Copper Itange . . 78.00 77.50
C.hlno. 14.75 14.50
Daly West . 8.62% 8.50
Davis Daly. 3.25 3.12%
Dolores. 6.50 6.50
East Butte. 10.12% 11.37%
First Nat'l . 4.50 4.62 %
Franklin. 22.00 21.25
Gila . 8.37% 8.50
(.oldfleld Con. .. 8.31% 8.31%
Greene ( ananea . 10.62% 10.62%
Granby . 87.00 87.75
Hancock . 27.00 27.00
Keweenaw . 4.75 4.75
Inspiration . 8.87% 8.81%
Lasalle . 17.75 18.00
Lake . 79.75 78.25
La Rose. 4.50 4.50
Majestic.95 .95
Maseott . 5.00 5.75
Miami . 24.50 24.12%
Mex. Cornel. 3.75 3.50
Michigan . 7.00 7.00
Mohawk . 65.00 65.00
Nevada I'tah ... 1.25 1.26
So. Utah Mines . 2.75 2.75
Nlplssing . 10.12% 10.25
North Butte_ 43.75 43.00
Old Dominion . . 45.25
Ohio Copper .... 4.37% 4.62%
Osceola. 155.00
Parrot. 20.25 20.00
Quincy . 89.00 90.00
Rawhide.23 .22
Raven.44 .43
Ray Central_ 3.68% 3.62%
Ray Con. 24.50 23.75
Shannon. 15.25 15.62%
Sup. & Pittsburg 13.75 14.00
Tamarack. 69.00 67.00
Tenn. Copper ... 35.75 35.75
Trl. Bullion _ 1.00 .87%
Trinity . 8.50 8.50
United Copper .. 8.87% 8.25
Utah Con. 34.00 34.00
Utah ('upper .... 52.00 51.75
U. S. Smelters .. 48.75 49.00
do pfd. 61.60 61.60
Victoria. 4.75 4.75
Winona . 10.50 10.00
Wolverine. 146.00 146.00
Wyandotte . 2.60 2.76
Yukon. 4.62% 4.56%
Helvetia . 6.78 8.76
Kerr Lake . 8.50 10.12%
ELY STOCKS.
Open. Close.
Nevada Con. 24.25 24.37%
Boston Ely. 3.50 3.37 %
Giroux . 10.00 9.87%
Cumberland Ely. 7.00 7.00
Map of Ely Copper District
Latest Edition 1910. Size 26x42 inches.
Price, Paper $5.00; Cloth $6.00
Compiled and for sale by
HAff & COLWELL BROTHERS
Mining Engineers and U. 8. Mineral Surveyen aSLY, NEV.
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
PLEASED WITH
MASON VALLEY
ARRANGEMENTS
-
SALT LAKE, March 9.—Western
stockholders of the Mason Valley
Copper company are well pleased
with the selection of Jules Lebarthe
as general manager of the company.
His wide experience and ability
guarantee to everyone that the mine
and smelter end of the proposition
will meet with expectation in every j
regard. George E. Gunn is now mak- j
ing an inspection of the mine at Ma-'
son. It is understood that negotia
tions are being carried forward be
tween the Mason Valley and Nevada
Douglas companies which contem
plate the completion of an ore con
tract for close to 500 tons daily of
Nevada-Douglas ore. These two
mines usually are considered about
the only developed meritorious prop
ositions In the Mason district, but
there are the McConnell, Malachite,
Western Nevada, Yerington Consol
idated, Yerington Copper and other
groups with demonstrated tonnages
of straight smelting ore available,
while the limestone with its concen
trating ores will provide no mean
tonnage for the smelter when in
shape for operation.
c;ooi> INJURY FOR COPPER.
February Consumption Shows In
crease Over January.
NEW YORK, March 9.—The large
copper producers and selling agencies
report an improvement In the copper
market for a fairly large tonnage.
Buying has also been better, and j
prices show a shade advance In con- i
sequence.
The consumption of coppe r for1
February shows a decided increase1
over January and producers are hope
ful that before the close of the year
consumption wiir be close to maxi
mum production of the producing
mines.
One large consumer purchased 2,
000,000 pounds of copper for April
delivery on a basis of 13% cents a|
pound. The concensus of opinion in j
copper trade circles is that March
will develop a good buying movement
They are also hopeful that the sharp
reduction in stocks in the current
month will give strength to prices.
The Copper Producer's figures, to
i be publiched March 10, are expected
to show that stocks on hand in this j
country are in the neighborhood of
70,000,000 pounds.
Ely Central. 1.60 1.43% j
Ely i on."5 .75
SALT LAKE STOCKS.
Open. Close.
Beck Tunnel .... 11.% .11
Big Hill.01% .01%
Bin. Amal.11 .11
Black Jack.11% .11%
Bullock.00% .00-%
Larisa.60 .60
Ced. Talisman .. .03% .03%
Colorado.85 .86
Columbus.51 .50
Crown Point.07 .07
Daly Judge .... 4.00 4.00
E. Tintic Con. .. .01% .01%
E. Tintic Dev. .. .03% .03%
Urand Central . . 1.60 1.65
Indian Queen ... .02% .02%
Inyo Gold.04 .03
Iron Blossom ... .93 .94
King William . . .05 .06
Little Bell . 1.65 1.65
Lower Mammoth. .48 .48 %
Mason Valley ... 1.87% 1.87%
May Day.08 .07%
Mineral Flat . .. .01 .01
Mt. Lake.06 .06%
Moscow.30 .30
Nevada Hills.61 .50
New York. .08 %
Plutus.04% .04%
Prince Con.73 .73
Provo.63% .04
Seven Troughs . . .08 .08
Silver King _ 2.97% 2.97%
Silver Shield . . . .03 .03
Sioux Con.45% .43%
So. Col. Con.03% .04%
Swansea Con . . . .04 .04
Tintic Central .. .06% .06%
Uncle Sam.40% .41
Utah Con.05% .05%
Victoria . 1.05 1.05
Victoria Con.05 .05
Yankee Con.07 .07 %
Yerington.03% .03%
McDonald.30 .30
Witch.19 .19
Federal.10 .10
Resurrestion.08 .08
Calumet.20 .20
Centennial.27 .27
Bin. Cen. Stand.. .19 .19
HERRICK-KERIN NEW YORK
CLOSE.
Bid. Asked.
Nevada Con.24.SO 24.62%
Giroux . 9.87% 10.00
Ely Central .... 1.43'% 1.50
Ely Con.75 .87 %
Boston Ely. 3.50 3.62%
Mason Valley ... 1.87% 2.00
Kawnide Coalition .23 .25
Rawhide Queen.. .18 .25
Greene Cananea . 10.50 10.75
Chino. 14.50 14.75
HERRICK-KERIN SALT LAKE
CLOSE.
Bid. Asked.
Ely Calumet.20
Federal Ely.09
McDonald.30
'Colorado Mining. .86 .87
l Iron Blossom ... .94 .95
Indian Queen ... .02% .02%
Sioux Con.43% .44
lTnde Sam.03% .04%
Mason Valley ... 1.87% 1.90
BREAKS COPPER DEADLOCK.
Metal is Moving Freely at Slightly
lamer Price.
BOSTON, March 9.—“Copper con
sumers who have not delivered their
requirements for the next few
months should not hesilate any long
er to do os.” This announcement is
made by L. Vogelsteiu & Co.
Continuing, the firm says- "The
deadlock between consumers and
producers which lasted for practical
ly ten months has finally been broken
and a large business was done during
the last few days at prices slightly
reduced from the top figures reached
at the end of last year.
“The buying came from American
and European consumers.
“The world at large has not ap
preciated sufficiently the Improved
statistical conditions of the article,
but there can not be any question
that, for the moment at least, the
world’s consumption of copper is r in
ning ahead of produstion and that
effect of this situation must be felt
Booner or later as far as prices are
concerned.”
THE FIRST NATIONAL BANK
W. V. KICK, Pree. H. A. COMINS, Vice Prea.
EUGENE GILES, Ceahler J. W. BIGGANE, Au't Caeh.
Building Material of Every Description
STEPIOE VULLEY LUMBER MO COB 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 Gty
Delivered to Lane Gty $2.00 per ton additional
Phone Main 80.
Not Beginning
But Just Keeping Steadily Ahead!
CL We have been erecting homes
on the installment plan dur
ing the winter in East Ely—no
let up since announcement
of this plan last summer.
CLNow we are going into the
spring building season with more'
interest and activity attendant than
had at any previous time.
CL Are you among those who are with
us to the end of acquiring a home
of your own and cutting out the
rent collector?
CL If not, why not?
CL Call and let us explain why it is to
your advantage to join this move
ment.
ELY
SECURITIES
COMPANY