The White Pine news. [volume], April 17, 1910, Page FIVE, Image 5

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

Image provided by: University of Nevada Las Vegas University Libraries

                
MARKETS, METALS AND MINING
ADVANCE IS
MAINTAINED
IN JE EAST
It was Just the sort of a market
that was expected, keeping to the
upward movement and giving every
promise of doing still better this
week. Copper was stronger and high
er, as was also stiver. The meials
look decidedly better. The copper
movement indicates that the talked
of price agreement has ben reached.
E. W. HCLSE * CO. LETTER.
Splendid little gains, notwithstand
ing the short half-day, gave the east
ern market an encouraging aspect
with which traders were enabled to
tide themselves over the Sunday on
the expectation of something better
for tomorrow. There is no gainsav
ing the fact, yesterday’s splendid Sat
urday close gives every indication of
’’something doing” for the new week.
All of the big eastern Issues held
splenc Idly and closed stronger than
for many a day. Salt I.akers again
enjoyed a holiday but It is highly
likely that. In view of a two day's rest
and the advance In the eastern is
sues, the Zion market will also have
better things in store for the new
week. Our daily quotations follow:
NEW YORK AM) BOSTON STOCKS.
Open. Close.
Amalgamated . .$76.62* $78.37*
Am. Smelting ... 84.12* 86.12*
Adventure. 7.00 7.00
Abmeek. 180.00 175.00
Allouez. 50.00 49.00
Ariz. Cornel. 20.00 19.87*
Arcadian. 4.00 6.00
Atlantic. 9.37* 8.50
Hoston Con.19.00 17.00
Butte Coalition . 22.32* 23.00
Cal. & Hecla. 695.00 599.50
Cal. & Ariz. 66.00 66.50
Chief Con. 2.00 2.00
Copper Range 71.62* 71.60
Chino. 13.75 13.87 *
Daly West. 8.75 8.75
Davis Daly. 2.50 2.25
Dolores. 6.00 6.00
East Butte. 8.50 8.56
First Nat l . 2.76 2.75
Franklin. 15.00 15.00
Gila. 6.00 6.37*
Goldfield Con. .. 7.62* 7.75
Greene Cananea . 9.75 10.25
OnMkjr. 44.85 44.44
Hancock. 21.50 21.50
Keweenaw. 4.25 4.50
Inspiration. 7.37* 7.56*
Lasalle. 15.00 14.75
Lake. 59.00 60.00
STOCKS ARE ALWAYS MOVING
We have every move. The best
facilities for executing
orders in Kly.
E. W. HULSE & CO.
STOCK BROKERS
Member* of Salt lake Mining Kx.
Fast service Salt lake, New York
and Itoston. Stocks and bonds
bought and sold in all markets.
MAIN OFFICK KLY, NKVADA.
Phone 88 for Quotations.
Halt lake Office, 828 Main Street.
• • • • • •
• THE MARKETS
• NEW YORK, April 16.—Lead
• quiet, $4.35 to $4.45. Copper
• quiet, 12% to 13%. Silver
• 53%.
• __
• CHICAGO, April 16.—May
• wheat closed at $1.08.
•
La Rose. 3.87% 3.87%
Majestic.79 .79
Mascott. 7.50 7.37%
Mlaml. 24.12% 24.37 %
Mex. Cornel. 2.87% 3.00
Michigan. 5.50 5.50
Mohawk. 56.00 55.00
Nevada Utah ... 1.00 1.00
So. Utah Mines. . 2.00 2.00
Niplssing. 9,87% 9.87%
North Hntte .... 40.87 % 40.37%
Old Dominion ... 38.50 38.87%
Ohio Copper_ 3.62% 3.56%
Osceola. 142.00 14 4.00
Parrot. 15.50 16.00
Ouincy. 83.00 82.50
Rawhide.36 .37
Ray Central .... 3.25 3.25
Ray Con. 20.50 20.00
Royale. 17.75 17.75
Shannon. 12.87% 12.75
Sup. & Pittsburg. 13.37% 13.00
Tamarack. 60.00 60.00
Term. Copper ... 31.00 31.00
Tri H11Ilion.81% .81%
Tonopah. 7.00 7.00
Trinity. 7.00 6.87%
United Copper . . 6.50
Utah Con. 25.00 25.25
Utah Copper ... . 47.75 48.75
U. S. Smelters . . 45.00 45.00
do pfd. 49.87% 49.50
Victoria. 5.00 3.00
Winona. 8.50
Wolverine. 126.00 128.00
Wyandotte. 2.00 2.12%
Yukon. 4.25 4.12%
Helvetia. 3.25 3.50
Kerr Lake . 8.75 8.68%
ELY STOCKS.
open. Close.
Nevada Con. 21.25 21.75
Boston Ely. 3.25 3.25
Olroux. 8.50 8.75
Cumberland Ely. 6.00 6.00
Ely Central .... 1.00 1.00
Ely Con.56% 62.%
HERRICK-KEHIN NEW YORK
CLOSE.
Bid. Asked. J
Nevada Con. 21.76 21.87% j
Giroux. 8.62% 8.75
Ely Central .... 1.00 1.06% j
Ely Con.62% .75
Mason Valley ... 8.87% 9.12% ]
Rawhide Coalition .38 .39
Rawhlda Qwi . ,:it .IS
Bovard.03 % .04 % ,
Ely Wltrh.15 .25
Ray Central_ 3.31% 3.37%
Greene Cananea . 10.37% 10.50
Chino. 13.87% 14.00
Boston Ely. 3.25 3.37 %
THIS rIdHILLSMINE
IS REMARKABLE ONE
Unless reports are incorrect, the
Oietlaf family, of Red Hills, in Spring
Valley, Is possessed of a mine that is
just as good as a national bank. It Is
known as the April Pool, and when
ever the owners, August Dietlaf and
his four sons, needs a little money
they draw' upon the mine.
Herman Deitlaf, one of the sons,
came in yesterday to purchase sup
plies with which he will leave today.
He states that recently work was re
sumed in the mine. The old tunnel
was extended to about 200 feet, mak
ing connection with the 800 foot
shaft. The shaft and tunnel are both
on the same vein and in ore that runs
around $100 a ton.
It is claimed that the ledge has an
average width of 8 feet and lies be
tween gray lime and quartzite. A re
markable feature of the operations
at the property is that not a single
shot has ever been used in develop
ment work or in the extraction of
ore. It is a straight picking propo
sition. the ore being a heavy oxidized
talc that is easily crumbled. The
FIRST NATIONAL BANK OF ELY
Oldest and Largest Bank in Eastern Nevada
W. V. RICK, President H, A. COM I NS, Vice President
H. N. HYRNK, Cashier T. W. 11IGGAHE, Asst. Cashier
Strain Heat Electric Light* Hot and Cold Water
NORTHERN HOTEL
ELY, NEVADA
Headquarter* for Trarellag Humic.
Building Material of Every Description
STEPTOE VALLEY LUMBER AND COAL CO.
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.
IGUIN-THOIPSON
GET ANOTHER OF
Mining property in the Superior
district, Arizona, which gives promise
of developing into one of the coun
try's very rich copper-silver-gold pro
ducers, has been taken over by the
Gunn-Thompson interests. The deal
having been closed by Fred A. Flindt
upon his recent visit to the southern i
country. The purchase includes 200 '
acres of patented ground, about two |
miles south of the famous Silver!
King mine, which has produced a |
great deal of rich gold ore. The j
Gunn Thompson acquisition was
worked in the early days as a silver j
mine, says the Salt Lake Tribune.
In the property, cuttting the en-!
tire formation, is a fissure 35 and j
40 feet wide tilled with mineralized ,
porphyry in which excessive leach
ing is in evidence. The old work
ings comprise a shaft $4.00 feet deep,
with four levels opened for some
distance on the fissure. Consider
able rich carbonate ore was taken |
from the upper levels, but the ma
terial is all leached to the 300-foot
level. Upon that level streaks of en
riched stufT were encountered which
at 400 feet have developed Into con- j
siderable bodies of chalcoeite.
The property was worked about
three years ago by leasers, who ship
ped front the lowest level fourteen
carloads of ore, the general run of
which was about 28 per cent cop
per, 100 ounces silver and $7 gold
to the ton. The last carload sent |
out by them gave values of 52 per ;
cent copper, 262 ounces silver and !
about $15 gold. This was solid j
chalcoeite, in appearance identical
with the ore taken from the Guggen
heints’ Bonanza mine in Alaska. |
Work of the leasers was stopped by |
a strong flow of water coming into i
the workings.
Mr. Flindt started a force of men !
at work unwatering the mine and!
cleaning out the old workings.
James Neary, well known minim;
man of Montana, has been placed in
charge of the property as superinten
dent, with F. S. Smith engineer and j
assistant superintendent. It is the!
intention to at once sink the shaft,
200 feet deeper, to cut the iimo
quartzite contact and to penetrate
the sulphide zone.
That work accomplished will
pretty well determine the value cf
the mine. All indications point to
the entire great fissure being en
riched in the sulphide zone. The
geological conditions, Mr. Flindt de
clares, could hardly be more neatly
perfect for the making of large
bodies of high grade ore at depth.
property has been owned by the Diet
laf family for several years but has
on'y been worked occasionally. To
use the words of August Deitlaf: “It
is a dandy proposition,''
MINING CO. TRANSFER.
Amalgamated Nevada Mines People
liid in Their Property for
Organisation.
The various properties of the!
Amalgamated Nevada Mine & Power j
Co., located in Osceola and Black
horse districts, were sold at auction |
yesterday afternoon at the coutt
house by Deputy Sheriff Jake Ful-!
iner, on decree of foreclosure from ;
the District court in favor of the]
Amalgamated Nevada Mines Co., j
composed largely of the stockholders •
of the former company, and a coterie
Of Boston capitalists. The property
brought $1,000, bid by A. Walker,
representing the plaintiff company.
The Judgment was for $102,730.99,
Prior to the sale, E. B. Robison
and J. A. Lundgren tiled protest
against the sale of the water of
Shingle Creek, included in the list
of the properties of the defendant
company, notifying all persons that
they are the owners of 5 cubic feet
per second of the water of the stream
by actual appropriation. Mr. Lund
gren filed a like protest against the
sale of Willard Creek, claiming own
| ership of the entire flow of the stream
by actual appropriation.
ON THK COMSTOCK.
Development work at the Coin
stock Phoenix mine on Brunswick
lode is going ahead steadily and the
rich ore encountered at points near
the surface is being opened up with
depth. The contractors are making
good progress in sinking the second
hundred feet of their contract and
i values are holding out all the way
' down. The winze has now reached
a depth of nearly 400 feet and the [
i bottom shows good milling values.
The company has a large amount of I
'milling ore on the dump and It will
he hauled to the Butters plant as I
rapidly as the ore teams can handle j
It. B is expected that within a few ]
months a contract will be let for the i
construction of a reduction plan
either at the mine or close by. A new j
vein has been encountered in the east;
drift on the tunnel level which shows j
high milling values. The mine is due
Cast of the lease on Best—Belcher
ground in which such rich ore was
uncovered last week and this fact
gives both places a peculiar position,
as the ore in both cases was struck
in entirely virgin ground and the ex
tent of the already large ore bodies
can be ascertained only by more
depth. On the Comstock Phoenix ore
has been discovered at all points of
the mine and hign milling values
I have been the result.
GEORGE A. WILLIAMS
electrical contractor
All kinds, of electrical machinery
furnished and installed. LC.tD. C.
Armature winding, repairs, etc. Mine
and mill work a specialty. Phone
131-Z, East Ely, Nevada.
UNDERTAKERS-EMBALMERS
WILSON-BATES
FURNITURE CO.
Anltman St.. Ely. Phone Main ••
GROSS ASSETS
Represented by this oflce over
$144,000,000.00
We make loans, buy and sell real
estate, mines and stocks.
HERBICK-KERIN INVEST CO.
Ely Lodge No.29.F.«A M
Meets second and last Wednesday
nights of each month at RoefchOl
Shallenbarger BalWng, 7:80 p. m.
B. W. COLEMAN. W. M.
W. O. GALLAGHER. Secretary.
Nevada Northern Hotel
L. T. LARSEN, I*ROP.
Recently remodeled; rooms newly
papered and everything flrst-class.
Reglar meals, the best In the district.
Also carry 11: e of general mer
chandise. EAST ELY. NEVADA.
BECKER BREWING AND
MALTING CO
OGDEN UTAH
THE FAVORITE BEER THROUGH
OUT THE WEST.
THE M ARKS-TALBOTi CO., Agents.
Fuller’s Cafe
In new quarters at 5*4 Aultman
street next to Ely National Bank.
Meals 85 cents and up. Lunches
a specialty.
Have you seen the great
value* in Waists and Skirts?
NAYLON & CALLAHAN
Phone 82-X.
Little Store Next P. O.
MECHANIC'S SHOES.
We give special attention to ov
lines of Workingmen's Shoes and
teve the beet.
Strong as shoes can be made
and all are “UNION MADE.”
NYB BROTHERS.
Not Begii ning
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.
C,Now 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 I
of your own and cutting out the
rent collector?
C. If not, why not?
C. Call and let us explain why it is to
your advantage to join this move
ment.
ELY
SECURITIES
COMPANY