The White Pine news. [volume], March 16, 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
A FINE BUYING
ADVANCE TODAY
The mining list suffered yesterday
less than did the railroads and in
dustrials from probable strike re
ports. The market discounted reali
zation of these troubles, apparent
ly during the morning session. The
afternoon witnessed some halt in the
decline. Mediation agreement in the
railroad strike case came too late in
the day to exert the beneficial influ
ence which would probably other
wise have been felt. On the whole
the end of tue day news from both
the railroad and the street car strike
situations was very much more favor
able and should have a good effect
today in relieving the tension and
aiding upward market movement.
Practically atl of the stocks felt the
decline yesterday. In the Ely list
there was no exception. This list Is a
prime buy this morning, by the way,
from top to bottom.
E. W. HELSE A CO. LETTER.
Sluggishness again hung over yes
terday’s stock market and traders
were at sea all through the day In
their efforts to assign reasons to the
dormant condition. Supreme court
decisions and a dozen and one other
ailments were no doubt responsible
for the frigid attitude >f the marke*.
The close looked some better and
there may be a thawing out today bu'
unless there Is, there will be little of
good cheer until the market again
assumes a more wholesome complex
ion. Even Boston Ely lost its grip
yesterday and tumbled uack down
s'ightly from the splendid gain of
the previous day, closing at $4.00 li .
Eastern information yesterday pre
dicted better things before the end
of the week. Our daily stock quo
tations follow.
M W YOltK AND BOSTON STOCKS.
Open. Close.
Amalgamated . .. 78.62 *4 77.37 *4
Am. Smelting ... 86.37 V4 83.62
Adventure. 8.25 8.50
Ahmeek.205.44 205.00
Allouez . 53.00 60.25
Arlz. Cornel. 33.00 32.75
Arcadian. 7.00
Atlantic. 9.37 *4 9 50
Boston Con.19.75 19A2V4
Butte Coalition . . 25.25 24.25
Cal. & Hecla_625.00 622.00
Cal. & Arlz. 74.00 72.00
Chief Con. 2.25 2.37 V4
Copper Range ... 76.37 *4 76.00
Chino. 1 4.62 *4 14.50
Daly West . 8.50 8.50
Davis Daly. 3.12*4 3.12*4
Dolores. 6.25 6.00
East Butte. 10.25 10.50
First Nat’l . 4.62 *4 4.62*4
Franklin.21.12*4 19.62*4
Florence. 21.12% 19.62%
Gila. 8.00 8.00
Goldfield Con. .. 8.31% 8.31
Greene Cananea . 10.37% 10.25
Granby. 87.37 % 85.00
Hancock. 24.00 22.00
Keweenaw. 5.00 4.87%
Inspiration. 8.75 8.62%
Lasalle. 16.75 16.25
Lake. if.00 76.00
La Rose. 4.37% 4.50
Majestic.90 .90
Mascott. 6.50 6.12%
Miami. 23.62 % 33.62%
Mex. Cornel. 4.00
Michigan. 6.37% 7.00
Mohawk. 63.00 60.50
Nevada Utah ... . 1.25 1.06%
So. Utah Mines.. 2.50 2.50
Nipissing . 10.12% 10.12%
North Butte .... 42.00 41.12 %
Old Dominion . . . 43.00 42.00
Onio Copper_ 4.37% 4.31%
Osceola.153.00 152.00
Parrot. 19.00 18.00
Quincy. 89.00 88.00
Rawhide.19 .20
Raven.40 .40
Ray Central .... 3.43% 3.37%
Rfty Con. 22.62% 22.00
Shannon. 14.50 14.50
Sup. & Pitsburg. . 13.75 13.75
Tamarack. 70.00 68.00
Tenn. Copper ... 33.37 % 32.75
Tri. Bullion.87% .87%
Tonopah. 7.00
Trinity . 8.50 8.25
United Copper . . 7.50 7.00
Utah Con. 32.50 32.00
Utah Copper .... 50.00 49.25
U. S. Smelters .. 46.75 46.50
do pfd. 51.50
Victoria. 4.25 4.25
Winona.10.87%
Wolverine.145.00 143.00
Wyandotte. 2.50 2.50
Yukon. 4.37% 4.43%
Helvetia. 3.50 3.50
Kerr Lake. 8.75 8.68 %
ELY STOCKS.
Open. Close.
Nevada Con. 23.75 23.25
Boston Ely. 4.12% 4.06%
Giroux. 9.25 9.12 %
Cumberland Ely. 7.00 7.00
Ely Central. 1.31 % 1.25
Ely Con.75 .75
SALT LAKE STOCKS.
Open. Close.
Berk Tunnel ... .12
Big Hill.01
Bin. A mat.10% .10
Black Jack.10 .10%
Carisa. .59
Ced. Talisman... .04% .04%
Century.07
Colorado.77 .75
Columbus.49 147%
Crown Point.07 .07
Daly Judge. 3.50 3.75
K. Tintlc Con. .. .01
E. Tintic Dev. .. .04
Grand Central .. 1.62% 1.62%
Indian Queen . . . .03 .03
Inyo Gold.05 .05
Iron Blossom ... .94 .94
King William . .. .05 .05
Little Bell. 1.75 1.66
Lower Mammoth. .50 .49%
Mason Valley ... 1.82% 1.82%
May Day. .06%
Mineral Flat.01 % .01 %
Mt. Lake.06% .06%
Moscow.36 .35
Nevada Hills.52 .52
New York.09 .09
Plutus.04% .04%
Prince Con.75 .79
Provo.03 .03
Seven Troughs .. .09 .09
Silver King. 2.42% 2.30
Silver Shield ... .03
Sioux Con.39 .38
So. Col. Con.03
Swansea Con.04
Tintic Central .. .06%
Uncle Snm.39
Utah Con.04%
Victoria Con.05
Yankee Con.07
Yerington.OS
McDonald.30
Witch.20
Centennial.28 .28
Bln. Cen. Stand.. .20 .21%
IlKltltM K-KKRIN NEW YORK
CLOSE.
Bid. Asked.
Nevada Con.$2.3.12% $23.37%
Giroux. 9.12% 9.26
Ely Central. 1.25 1.37%
Boston Ely. 4.00 4.12%
Ely Con.76 .81%
Mason Valley . . . 1.76 2.00
Rawhide Coalition .20 .21
Rawhide Queen.. .20 .23
Bovard Con.03 .04
Ely Witch.18 .20
Ray Central .... 3.37% 3.50
Map of Ely Copper District
Latest Edition 1910. Size 26x42 inches.
Price, Paper $5.00; Cloth $6.00
Compiled and for sale by
HAEE & COLWELL BROTHERS
Mining Engineers and U. 8. Mineral Surveyer-s ELY, 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
Greene Cananea . 10.25 10.37%
Chino . 14.37% 14.62%
HKKKICK-KKKIN SALT LAKE
CLOSE.
Bid. Asked.
Ely Centennial . . .29 .30
Colorado.76 .77
Iron Blossom . . . .94 .95
Indian Queen ... .03 .03%
Sioux Con.38 .39
Unde Sam ..... .39 .40
Yerington.03 .04 %
Mason Valley ... 1.82% 1.87%
COI'PKIt CAMI'S SHOW ACTIVITY.
_ I
Eastern Concern Declares Production
of Metal Overbalances Amount
Absorbed for Manufacturing.
A concise statement as to the cop
per situation and the problems to be
met, has just been issued by D.
Houston & Co. It is contained in the
regular monthly copper circular Is
sued by the company. It says:
“Statistics have monopolized at
tention lately, and no wonder, for
they are a most vital factor in the
copper situation. All movements are
watched and noted with special ref
erence to their bearing on the prob
able future of the market. The enor
mous outflow of copper and the
heavy surplus have been altogether
too much for the health of the mar
ket, and attempts to galvanize life
into the situation have proved futile
in the face of what is going on at the
centers ot production and at the re
finery establishments. In every
leading copper camp the bustle of
activity is the impressive feature.
Operations are carried on In such a
strenuous manner as leaves no room
for doubt as to what may be expect
ed in the way of output. Then, again,
there is the new' expansion in the
copper mining field, and the stunning
fact about the new properties is their
apparent ability to produce so cheap
ly that it would require a badly de
moralized market to close them
down.
“Conditions in the country, as far
as the consumption of copper is con
cerned, indicate that the manufac
turing industries using the metal in
large quantities have received great
momentum within the past 12 I
months from increased trade de
mand. United States consumption
of copper at present is estimated at
the rate of 60,000,000 pounds per
month, and possibly more, and yet
the electrical requirements continue
much below normal. Mills and fac
tories are probably melting daily
nearly, if not fully, half the output
from the domestic refineries. The
recovery in American consumption
is most pronounced, and if It were
not for the overbalancing production
the market would be enjoying a dis
tinct rally from the depression which
overproduction has saddled upon it.
The market is sadly In need of the
infusion of new life. A new program
and different methods would soon
change the tendency.
“Depreciation at New York and
London copper markets would soon
vanish if suppression of non-absorb
able supplies was ordered at the re
fineries. Some curtailment of out
put has taken place lately, but It is
too slight to lift the market out of
the deeply worn rut it has been in
for many months. The only way to
curtail production is to curtail it.
A little let-up is of no practical ac
count. A reduction of a million
pounds a day for a year would re
lieve the situation, and give con
sumption a chance to catch up with
production. The way production of
copper has been overdone has taken
all snap out of the market.
“A purposeless output of any com
modity is the sure way to place it
at a disadvantage and depreciate its
value.”
WRONG VIKWH OF THK t’KNSL'S.
—
\<> 11 ;i i-ii i Fan Conic In .Any Person
Who Answers (In* Questions.
WASHINGTON, I). C., March 10.— j
Letters from the census Bupervis- j
ors to the United States Census Hu-]
reau show the erroneous apprehen-|
sion of a considerable element of thei
population that their answers to the
enumerators’ questions in the next
census, beginning April 15, this year,
will cause increased taxation, legal
entanglements, or injurious conse
quences to their persons and prop
erty.
In order to quiet such unfounded
fears, which would, unless removed,
materially affect the accuracy of the
census, the bureau has prepared an
official statement relative to the de
cennial census, its origin, purpose,
and uses.
This statement should furnish com- j
plete assurance to those concerned
that Information given the enumer
ators is held by tin- Census Bureau in
the strictest confidence with refer
ence to the identity of the inform
ants, as required by the policy of the
bureau and commanded by the law
of the United States.
The Dureau earnestly hopes that
clergymen, priests, physicians, school
teachers, employers, and other pub
lic-spirited citizens who come in con
tact with large numbers of people,
will cooperate with the bureau by
telling persons who are believed to
entertain erroneous opinions of the
census the real facts and urging them
to give full replies to the enumera
tors. Teachers are particularly re
quested to speak of the census to the
school children and ask them to tell
their parents about it.
The statement issued by the bu
reau explains that the Constitution
requires a census of the population to
be taken every ten years In order to
reapportion state representation in
the National House of Representa
tives. It Is the means also to ascer
tain the increase In the population,
agriculture, industries, and resources
of the nation since the last census.
It is emphatically declared, by the
1 statement, that the Information
sought from the people of the United
States Is used solely for general sta
tistical purposes, it will neither be
published nor used in any other way
to disclose facts regarding any indi
vidual or enterprise. The census, it
goes on to say, is not, never has been,
and can not be employed to obtain
information that can be used in any
way in the assessment of property for
purposes of taxation or the collec
tion of taxes, either national, state, or
local; or for deportation proceedings,
extradition measures, army or navy
conscription, internal-revenue investi
gations, compulsory school attend
ance, child-labor law prosecutions,
quarantine regulations, or In any way
to affect the life, liberty, or property
of any person.
It points out that replies to the
enumerators are and must be held by
the Census Bureau in strict and abso
lute confidence. All the bureau of
ficials, supervisors, supervisors*
clerks, enumerators, and interpret
ers, before entering upon their du
ties, are obliged to take a solemn
oath not to disclose any information
they may obtain, except to the Cen
sus bureau, and a violation of the
United States law In regard to this
bath means a $1,000 fine or imprison
ment for two years, or both, in the
discretion of the court.
i————■
Building Material of Every Description
STEPTOE VALLEY LUMBER 110 CIE 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 City $2.00 per ton additional
Phone Main 80.
Not Beginning
But Just Keeping Steadily Ahead
CWe 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.
CNow we are going into the
spring building season with more
interest and activity attendant than
had at any previous time.
C. Are you among those who are with
us to the end of acquiring a home
of your own and cutting out the
rent collector?
C. If not, why not?
«L Call and let us explain why it is to
your advantage to join this move
ment.
ELY
SECURITIES
COMPANY