The White Pine news. [volume], April 26, 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, METALS AND MINING
USE BLIZZARD
IN EFFECTIVE
MARKET RAIO
Crop damage from blizzards of ex
ceptional lateness In the middle west
and most unusual range In the south
gave the bears an opportunity yester
day which was not neglected. Wild
ly exaggerated reports of Injury to
crops were circulated with telling ef
fect and brought startling declines
in price of all the stocks, particu
larly during the afternoon hours of
trading.
Night advices from the east Indi
cate that the seriousness of storm
damage as reported during the day
has been discredited and it Is ex
pected that trading today will show
smart recovery from the depression
caused yesterday.
Cotton and fruit have unquestion
ably suffered severely, but the grains
have not been harmed, and it is
these that provide the bulk of the
rail business and income to the farm
ing regions.
Giroux was one or the very few
that made gain yesterday, closing a
trifle higher. All of them should
recover today, while Kly Central
should Stiffen' under the news the
mine is likely to furnish today or to
morrow.
E. W. HL'LSE * CO. LETTER.
^ The entire market yesterday again
looked as If It had served an en
gagement with a buzz saw and given
the latter a handicap of several revo
lutions. Not one of the issues re
sponded to tne expected upward move
but, on the other hand, many of
them took to still lower levels. One
of the feature's of the day locally, was
reported striking of ore in the Eu
reka shaft of the Ely l entral. Exact
details of the nature of the strike
were not forthcoming last night, al
though It was occasion for consider
able stir in the district. Just what
effect the new strike will have on the
market action of the stock Is hard to
determine at this time, although we
are inclined to believe that there will
not be much of an upward swing in
the stock owing to the unsettled con
dition of the general market. Had
the same strike occurred last fall, a
marked rise might have been expect
ed but it Is doubtful If this will occur
under present conditions. Consider
able of the stock has been taken on
locally lately by those who have high
STOCKS ARE ALWAYS MOVING
_ SrV'-.
Wo have every move. The bent
facilities for executing
tinier* in Ely.
E. W. HULSE & CO.
STOCK BROKERS
Members of Salt I,akc Mining Ex.
Faat service Salt I<ake, New York
and lioston. Stocks and bonds
bought and sold in all markets.
MAIN OFFICE KLY, NEVADA.
Phone 8.’i for Quotations.
Salt Lake Office, 328 Main Street.
• THE MARKETS. •
• -- •
• NEW YORK, April 25.—Lead •
• dull, $4.35 to 45. Copper weak. •
• Spot 12.40 to 12.55. May 12.50 •
• to 12.52%. Silver 53%. •
• - •
• CHICAGO, April 26.—May •
• wjieat cloned at $1.10. •
• ••••••••••••••
faith in the future of the property.
Our daily quotations follow:
NEW YORK AND BOSTON STOCKS.
Open. Close.
Amalgamated . ..$73.25 $72.12%
Am. Smelting .. . 81.50 79.37 %
Ariz. Cornel. 17.12% 16.75
Areadian. 5.37% 5.70
Boston Con. ... 18.00 18.00
Butte Coalition . 21.87% 20.75
Cal. & Ariz. 65.00
Copper Range . . 68.50 68.50
Ghlno. 12.25 11.75
Davis Daly. 2.00 1.87 %
Dolores. fi.OO 5.50
East Butte . 8.00 8.00
First Nat'l . 2.50 2.56%
Franklin.13.25 12.25
Gila . 6.00 6.00
Goldfield Con. .. *.12% 8.00
Greene Cananea. 8,8.% 8.76
Inspiration. 7.56% 7.56%
La Rose . 3.75 3.68%
Miami. 22.62% 22.62%
Mohawk. 52.00 51.50
Nevada Utah ... .93% .75
Nlpissing . 9.87% 9.87%
North Butte .... 32.50 33.12%
Ohio Copper .... 3.60 3.50
Rawhide.35 .35
Ray Central .... 2.93%zz 2.81%
Ray Con. 18.25 18.25
Shannon. 12.00 12.00
Sup. & Pittsburg 13.00 13.00
Tonopah. 6.25 6.00
1 rinity. 6.37 % 6.12 % I
Utah Con. 22.50 23.00
Utah t opper .... 45.00 44.75
U. S. Smelters... 43.00 42.50
ELY STOCKS.
open. Close.
Nevada Con. 20.50 20.37% ,
Boston Ely ..... 2.87% 2.75
Giroux. 7.75 7.87 % |
Cumberland Ely. 6.00 6.00
Ely Central.93'% 1.00
Ely Con.56 % .56 %
SALT LAKE STOCKS.
Open. Close.
Heck Tunnel ... .11 .11
Carlsa.50 .50
Ced. Talisman .. .08*4 .08 44
Colorado.76 .78
Daly Judge. 4.00 4.00
Grand Central . . 1.5ft 1.50
Indian Queen ... .02 -0154 j
Iron Blossom ... 1.0214 1.05
Little Hell . 1.40 1.44
Mason Valley . . . 8.25 8.25
May Day.06 .06
Moscow.40 .40
Nevada Hills.63 .60
Hrnce Con.82 .82
Seven Troughs . .07 44 -07 44
Silver King _ 2.30 2.30
Sioux Con.34 .3414
So. Col. Con.06 »4 .05 44
Uncle Sara.35 .3514
Western Nevada. .10 .10
McDonald.28 .28
Witch.18 .19
Federal. .05 .05
jCentennlal.25 .25
Itln. Cen. oiand.. .20 .19
lll lilllt K-KERIN NEW YORK
CLOSE.
Bid. Asked.
Nevada Con.*20.37 14 20.6214
Giroux. 7.8714 8.00
Ely Central .... 1.00 1.0614
Ely Con.55 .65
Mason Valley ... 8.50 _ 8.75
Rawhide Coalition . .35 .36 !
Rawhide Queen . .36 .38
Bovard.03 .04
Ely Witch.15 .20
Ray Central_ 2.81 H 2.8714 i
Greene Cananea. 8.75 9.00
Chino. 11.8714 12.00
HERRICK-KERIN SALT LAKE
CLOSE.
Hid. Asked.
Ely Calumet ... .18
Federal Ely .... .07
McDonald Ely . . .26 .28
Colorado.78 .79
Iron Blossom .. 1.06 1.10
Indian Queen ... .0144 -02
Sioux Con.34 ** .36
Uncle Sam.3514 -37
Yerlngton. -04
Mason V'alley ... 8.25 8.85
Ely Witch.12 .18
FIRST NATIONAL BANK OF ELY
Oldest and Largest Bank in Eastern Nevada
W. V. RICK, President H. A. COMINH. Vice President
H. N. HYRNK, Cashier J. W. liltlCJAXK, Asst. < ashler
ft tram Hrat Electric Light* Hot and Cold Water
NORTHERN HOTEL
ELY, NEVADA
Headquarter* for Traveling Intone.
Building Material of Every Description
STM VALLEY LUMBER Hi COAL CO.
Lump Coal, per ton ... $10.00
Nut Coal, 44 44 ... • 9.50
Run of Mine “ “ .... 9.00
Coal at above prices delivered at Ely or Ely City
Delivered to Lane City $2.00 per ton additional
Phone Mnta 80.
EUREKA SHAFT
OF ELI CENTRAL
NEARINGITS ORE
Important change occurred yester
day afternoon In the Eureka shaft of
Ely Central, when copper stain and
sulphides began to appear. It was
learned from the mine that the
change was considered very favorable
and in line with expectations.
What it means is that the shaft is
nearing the ore body which was en- j
tered by the drill put down from the ;
level attained by the shaft before it
encountered running ground and was
obliged to halt long enough to catch
the working up securely.
Inquiry of the mine last evening!
brought the statement that the shaft
at the present rate of progress could i
reasonably be expected to enter the I
ore within a short time and that the '
present outlook is entirely encourag
ing to the beliefs which have been
held as to the presence of the ore
body at the previously calculated
depth.
RKl'OKTS ANACONDA MINKS
AS IIKTTER THAN IN YKAItS.
II. II. Thayer Complete* Inspection
of Properties—Talk* of
Ore Developments.
Benjamin B. Thayer, president of
the Anaconda Copper Co., who has
been looking over the properties of j
that company and those to be mer-1
gcd with it. asserts that the mines!
are in better shape than they have;
been in years, in an interview given
to the Anaconda Standard, Mr.
Thayer said:
"In the last five years I have not
known the mines to look so well as
they do now in regard to the ore de
velopments. This is especially true
of the bottom levels, and holds good
with very few exceptions. In the
High Ore and Diamond mines of the
Anaconda company and the Gagnon
mine of the Trenton company the;
new ore bodies are not only large in ■
extent, but they carry good values.” ;
Mr. i.iayer said that the Gagnon^
mine, which, years ago, was thought 1
to have been practically worked out, |
was developing into the biggest cop- l
per mine in the Butte district. The
ore body which is being developed
and mined on the new level, the 2,
300, surpasses, he thinks, anything
ever known in the Butte district. Mr.
Thayer did not offer details, but his
declaration that 'it is the best body ;
of ore 1 have ever seen in a Butte
mine" means something, when the
rich deposits of glance and other
high grade ores of the Anaconda,
High Ore, North Butte and other
mines with which he is familiar are
recalled.
"In the High Ore and Diamond
mines new ore bodies have been
opened on some of the old levels
from the 1,800 toward the surface,
bodies of ore that had never been
worked before; new discoveries. This
ore is of high grade. "Nothing like
it had ever been developed before at
the same depth,” said Mr. Thayer. |
The Anaconda mine he says, is up
to its normal high state, and all
other properties look as well as at
any time In recent years, withthe ex-|
ception of the Parrot, in which no
work is being done at present. De- (
velopment work in all the properties
is up to the average and the work
which had been temporarily sus
pended during the engineers' strike,
is being pushed as rapidly as former
ly. This includes shaft sinking at
the Gagnon, Badger State and Bel
mont.
At the Washoe and Great Falls
smelters, Mr. Thayer said, a number
of important improvement* are be-'
ing made, looking toward great
economies. At Great Falls investi
gations are also being made prelim
inary to an enlargement of the plant.
In addition to the satisfaction Mr.
Thayer expressed regarding the min
ing situation and the condition of the
properties, he was especially pleased
over the labor situation in Butte.
"1 find conditions in Butte in that
respect very mucu improved,” he
said. “There is a spirit of content
ment that 1 had not seen here for
several, years."
Regarding the copper metal mark
et situation Mr. Thayer said: "I be
lieve that the present comparative
ly low price of copper is due to the
fact that the increased production
was thrown on the market im
mediately after the panic, at a time
when consumption amounted to little
or nothing. The accumulation is be
ing gradually absorbed and that,
with the demand for copper in new
lines, such as the electrification of
western railways, the hydro electri
cal installations, the electrification of
the eastern terminals, will gradually
bring the price of the metal back to
a point at which it belongs. The out
look is good and improving."
WISH AND OiTlKHWIMK.
I.ady—“1 want to put In this ad
vertisement for a cook. It will go
in three lines, won’t it?"
Clerk t after counting)—“No,
madam. We’ll have to charge you
for four lines; but you can put In
four more words if you wish.'
Lady (suddenly Inspired)—“Say
’Policeman stationed opposite cor
ner!”—Answers.
To be between the devil and the
deep sea is almost ns hilarious as
living In the suburbs beyond the car
line.—Dallas News.
GEORGE A. WILLIAMS
electrical contractor
All kinds, of electrical machinery
furnished and Installed. A. C. & D. C.
Armature winding, repairs, etc. Mine
and mill work a specialty. Phone
131-Z, East Ely, Nevada.
Idertakers-embaliviers
WILSON-BATES
FURNITURE CO.
Aultman St.. Ely. Phone Main •»
GROSS ASSETS
Represented by this office over
$144,000,000.00
We make loans, buy and sell real
estate, mines and stocks.
HEBBICK-KEBIN INVEST GO.
Ely Lodge No.29.FAA M
Meet* second and last Wednesday
eights of each month at Rockhill
ShaUenbarger Building, 7:80 p. m.
B. W. COLEMAN, W. M.
W. O. GALLAGHER. Secretary.
Nevada Northern Hotel
L. T. LARSEN, rROP.
Recently remodeled; rooms newly
papered and ererything first-class.
Reglar meals, the best in the district.
Also carry lij e of general mer
chandise. EAST ELY. NEVADA.
BECKER BREWING AND
MALTING CO
OGDKN UTAH
THE FAVORITE BEER THROUGH
OUT THE WEST.
THE MARK8-TALBOTx CO., Agents.
Fuller’s Cafe
In new quarters at 524 Anltman
street next to Ely National Bank.
Meals 85 cents and up. Lunches
a specialty.
have you seen the great
values in Waists and Skirts?
NAYLON & CALLAHAN
Phone 82-X.
little Store Next P. O.
MECHANIC’S SHOES.
We give special attention to our
lines of Workingmen's Shoes and
la re the best.
Strong as shoes can be made
and all are “UNION MADE.”
NYE BROTHERS.
Not Begii ning
But Just Keeping Steadily Ahead
CWe have been erecting homes
on the installment plan dur
ing the winter in Cast Cly—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?
H If not, why not?
H Call and let us explain why it is to
your advantage to join this move
ment.
ELY
SECURITIES
COMPANY