The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1907-08-12
new YORK LIKES
THE COMSTOCK.--
NENADA IN SWIM
PREDICTION THAT OLD SHARES
WILL TAKE FRONT RANK
BEFORE LONG.
A KIND WORD FOR OLD LODE
Wall Street Looks For Revival of
Interest Long i'm the
Decline.
A KIND WORD FOR OLD LODE

cisco says in recent issue of the
San Francisco Recorder, Look out
for an early rise in Comstocks." The
Wall Street Journal, in commenting
on that declaration, says:
''Mr. Spring is as familiar with the
mines of the Comstock as with the
rooms of his own house, and his
knowledge of the movements of Com
stock shares is obtained from gen.
Grafton of experience on the mining
exchange, which was itself brought
into being for the express purpose of
listing and dealing in these shares.
1.-The forecast of the Comstock
market, as given above, has probably
called the exact turn in the market,
and after the long period of dizziness
| and depression a move is at last I'M
der way that it is confidently believed
will surpass in magnitude any that
has occurred in recent years.
Technical conditions alone might
account for this, for during the the
past few months the market has been
shaping itself SO that it has been but
question of time when a rise of
considerable proportions would take
place, but ouside of this reason, other
and greater forces have been at work
Not to go too much into detail
the situation can be summed up by
saying that the great work under
way in the Ward shaft is progressing
rapidly, and deep mining is no longer
distant prospect, but one of the
near future.
1.-THE wonderful Consolidated Vir-
ginia mine, which paid tens and tens
of millions of dollars in dividends, is
now reported to have entered into a
valuable and improving ore body on
the 2,250-foot level. What this may
mean can at the moment only be con-
jectured so far as the price of the
shares is concerned, but it is safe to
say that the shares that are now sell
ing at price that puts a valuation
of only $4,000 on the entire prop
erty should, and probably will, sell
at many times that figure within a
reasonable length of time.
1.-THE Gold Hill group, after many
years of idleness, is again engaged in
active development, and the joint
works of the Challenge, Confidence
and Imperial companies will at la.
ter date make those shares more val.
liable, while from speculative
standpoint rise is quite certain tc
take place in the near future.
yellow Jacket, which has beer
quite frequently mentioned in these
columns, is, under it's new manage
ment, coming property, and or
merit alone it's shares should sell al
figure way above that ruling at the
present time. Yellow Jacket man
agement set pace for the other Cole
Hill mines that has brought about 6
decided change in the operations ir
the south end properties where the
conditions have been such that stock
holders have not for years had {
chance to see any legitimate improve
ment in their shares. The protest Of
the stockholders themselves, together
with frank statement of the situa
ton In these columns, has at las
brought about welcome change.
Hale & Norcross is finding better
ore at the Comstock tunnel level, anG
the Savage property, under agrees
i've Eastern management, Is also ir
an improving ore body. The success
of these two companies gives great
hope to those who are interested In
the Chollar and Potosi mines, which
are Immediately adjoining, and in
which active work is now started.
"These latter properties are selling
away below their real value, and
with the work under way there is nc
reason that the shares should moi
multiply many times in price and al
no distant date.
For that matter, there is not q
mine on the entire Comstock lode
whose shares are selling at figure
anywhere near their real value, for
with their low capitalization, many
of them should be selling for as many
dollars as they are now selling for
cents. 1t is hardly probable that all
will rise in equal proportion, but il
can safely be asserted that some OF
the shares will repeat the perform
ance of Yellow Jacket, which year
ago rose from ten cents to the neigh
borhood of two dollars, and that
within period of but four months
A change of management alone ac-
counted for this precipitate advance,
and it is not to BE forgotten that
similar forces are at work this year,
and while announcements of a
change of control may be delayed,
there are certain properties that are
about to pass into new hands. and
| aggressive Eastern interests are not
only about to take over the manage
ment of some of these famous old
mines, but. working in conjunction
with the more prominent interests in
San Francisco, expect to bring about
results that will make the old lode
again take its place among the fore
most producers of the world, and
have the shares of the mines again
command value of dollars, and pos
sibly hundreds of dollars"