The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-10-04

a general demand anu hot ma
ton or IA single large block buying
order, SAYS the Goldfield News. The
cause for this upward movement
adding greatly to the worth OF the
outstanding shares, may be noted ir
the company's mines. Through the
Kindness of General Superintendent
Hampton and superintendent Can
ovan. a representative of the News
ed there is danger of other Factors
besides legitimate demand playing q
very important part in the market the
next three months The technical
and statistical conditions of the cop
per situation needs to be thoroughly
sounded ii the upward movement Is
to be healthy and permanent
Everything possible should be
done to broaden demand and IN
crease consumption. and this desir-
able object can best be fastened by
allowing the law of supply and de-
mand free play. The speculative
holdings under the control of group
of foreign operators must be taken
into consideration. as they must
eventually come on the market.
Heavy selling from this source would
test the ability of the market to
stand up under pressure of holders to
realize on large blocks OF metal
Tempting profits are now in sight on
speculative purchases made weeks or
months ago. and We would not be
surprised at interesting Developments
in this connection at any time II
stocks are carried by London opera
tors until the bull movement
makes further Roadway they may
succeed in unloading to better adj
vantage. but they will release their
holdings sooner or later, and when
tbes 10 the trade will take notice.
Production of copper has material
~ increased in Montana, Mexico, and
Utah lately over what it was, al
though it is still very much below the
best figures The significant fact is
that during the period of depression
attention was directed TO under
ground and the improvement of sur
face equipment, and now number of
was permitted to inspect the work.
ings one day this week and was
given all information requested re-
garding the ore bodies.
Splendid developments have taken
place in at least three portions of the
Mohawk and Combination during the
past few days. The most notable Is
the finding of the south extension of
the Sheets-Ish high grade shoot.
Three feet of this ore body breaks
1925 to the ton, while the entire bal
ance of the breast runs $50. The
width of the ore body that may be
broken to mill grade has not yet
been computed. but there is assur-
ance of tremendous reserve of gilt
edge ore. This find was made on the
$50 foot level of the Mohawk.
Also in Mohawk ground. but well
over to the Jumbo line, some interest
ing discoveries are being made in
the 1900 foot ledge BY this is
meant 1900 feet in width. not in
length. for this is without doubt the
widest assure vein for its mineraliza-
ton known to the mining world. All
the quartz and silieified dacite from
wall to wall will mill at profit, the
average sampling returns ranging
from So to St2 But this is not the
best of it, Superintendent Canovan
is drifting to pick up a high grade
shoot in the great ledge, and he was
made happy this week by an assay
of $3.50.
On the go foot level OF the Com
bination. out near the January shaft,
a splendid ledge was cut on Friday
of last week 1t is seven feet be-
tween the walls and breaks on an
average of from three 10 four ounces
OF gold. This is a very permanent
looking body of ore and seems to con-
tain a concentration of the values
spread over a great width on the leyel
above. On this level the ledge is
changing from oxide TO sulphide ore
the ereyices forming white tale i'm
pregnated with tellurium adhering tC
tiny pebbles of quartz. The ledge
is running east and west, with {
south dip of IS degrees.
A visit was also paid to thee ole
Reilly vein on the 331. where at the
time of the former visit by the News
representative. dollar ore had 1ust
been discovered in liberal quantities
So we'll did ii hold up its average thai
a mill run averaged. IL is said, 81,
$40. Miners are still busy engaged
at this heading and are under close
guard Two crosseuts from the 33l
foot level are filled with sacked ore
of picture value. Heavy gates bal
these passageways Speaking OF
gates, there is an interesting spec
tacle back on the Mohawk $50. Here
the Mohawk-Jumbo broke over its
line and cut into the Mohawk drift
which vas following the ore close tc
the line. A heavy barred gate was
placed at the line and fastened with
what Mr. Canoean said is Chinese
lock, paddock on either side, re-
curing cooperation by both Mohawk
and Mohawk-Jumbo people to open
the gate. Through the narrow aper-
ture between the iron bars a couple
of scores of miners could be seen
tearing out the stope that will, or
should. pay shareholders in the lease
handsome dividends.
Reverting again to the Reilly lead
in the 331 south drift of the Com
bination, the News man climbed TO
the level above through q narrow,
but golden, treasured stope to the