New-York tribune., 1906-12-24
NOTES FROM THE MINES.

,~ok.rs On the outside raa-ke; report steady
.r-,riarson of OLD Hundred stock. which explains
~. serength q has shown IN the face % declining
-.rteti There has apparently been no support Of
-, stocz BY insiders The buying has been for
..r.fnert and has been stimulated by the highly
.-,ouraging reports that have come from Manager
esrss as 10 the progress Of the development work
y Otto stalnlan. former metanuTgist Of the BANK
= tbe English stockholders
m Elmer. mining engineer. IN charge OF the
.,-slopnnent work OF the Cobalt Central Mines.
-. &c New York from Cobalt yesterday 20
IND the holidays. Mr.. Elmer brought with him
vsrai samples Of ore taken from the bottom OF the
,-,r Pete shaft which is now down forty-eight
80. Some OF these samples assay as high as 500
- value Of the Cobalt Central properties which.
b seSS s,Ses hi the Cobait cgnp Mr. Elmer has had
VIDE ezPeIenes n mining both 3s = ne Mest s I'm IN
eobslt camp is one OF the richest n the world
Ill. Warren. II E. Of Salt Lake City and
aston hss Just arrived in New York, after visit
!, E-v New. Ny. Warren said that the town
- Ely VII be constructed q different basis than
-sst ether mining camps IN the country. For In
.tsnce before a building has been started q sewer
ed 1tsT ssts f95 % ,s toWS e of @ 59o PeTs9@ps @
Srrton sale of lots in the new town was started"
Sait 4lr alTen r. syg aS %oCth ~ 81 'own lots we're
s-on Ely IS wit the exception OF three short tun-
rflE. Z,
distance Of la2 miles. Il is an assured fact con-
rnued NJ NsFeH o355 a5 3y ~ July next 81 all, the ne
rsScheo by rail This VIII be a great advantage
q the operators, as az the present time It Is almost
5zlsss engaged two or three days IN advance
yossph A watts. secretary and director OF the
Manhattan Union Jack Mining Company has just
s-r,ved in the city. M Watts Is Interested IN
several good properties but he sympathies
Undoubtedly with Manhattan "Few in the East"
-ea91~ 49,
nov gotng OF IN that portion OF Nevada OF course
comparis0ns are not always pleasant. even
gsrss Is sa = oS so-s nsg sSs 5a eaf IN a9hat as
al by the newspapers Goldneld, for example, Is
re pp9ss eye 0y reason of the ne Dig strikes on the
shere and little Is said n the press regarding
soTareT Iave proved their property ana notWtt,
stsn6lE t1e present tnclerent weather prevailing.
Ehich is great obstacle 10 al kinds Of outdoor
T5Tk. al nc leading properties are working three
Ss1t a. work developing and blocking out ore on
these great properties.
The Dominion Copper Company has ordered two
more furnaces 70 increase the daily output Of 2oOO
= retire 81 o00 OF its bonds On March ! The stock
VII probably be put on 10 per cent dividend basis
Il April
Portland Copper stock was a leading active
strong feature OF the local curb market last week
No Efforts are being made 70 boom rhe shares but
they are being accumulated by strong interests.
A dispatch from Cobalt 70 the Cox Investment
Co-1a1y runs as follows. ''rhe sIcKinIey-Dar-
ragh-ssvage Mining Company has to-day COM
uleIe5 ne bagging OF SO-con car Of ore from Its
No vein OF AcE.nley-Darragh claim, which viii
eo-s--z--. S-e -e-e - I ,. - -1-- -, -.
mas Dfve .Cpn1ent work On veins Nos ! and is
large amount Of ore already blocked out without
irte-rupr9u. and make this mine E continuous
Ehpre- rre FIRST