The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-03-16

soheiy, WIN gff.af deal more as-
suredly coming up. hut true as well
throughout copper stock investment
centers. The strength of the stocks
has been demonstrated IN the last sew
eral days To- he large ard the de-
mand has widcncd rapidly. Loca.
brokers have received many orders
and IL Is understood that there il
nothing like sufficient quantities of
the issues afioat to meet the demands
which have been going to eastern
brokers. General recognition of the
fact that the time of product ion of
these companies il now very close at
hand has etIIy much To do
with the rising prices. Regarding
the latter the Salt Lake Herald e.-
presses the strong confidence of salt
Lake peoplt'. which l. "A fair estimate
of that of ~ others who are ac-
quainfed with the merits Of the hold
ings of the companies in the camp.
While the railroad stocks in New
York and Boston were booming in
the most cheerful manner possible
this week. the feature of the market
In the east was the action OF the Ely
stocks, says the Sail Lake Herald
Salt Lake Is especially interested in
the Elys. the Nevada Consolidated
and the Cumberland Ely in particu-
lar. II was a matter for congratu-
lation. therefore. that these two is
sues were exceptionally strong, and
In good demand
This movement In these Two stocks
Is considered clearly logical by those
who keep close tab ON stocks. the
causes and effects. They point out
for instance. that the Nevada Con-
solidated company has Just complet-
ed the reassuring task of financing
this proposition, a task that was so
easily accomplished that the under
writers succeeded in gathering in no
harvest whatever. The bonds were
first open for subscription ON the
part of the stockholders. the under
writer's agreeing to take up all the
bonds not thus called for. The stock
holders took each bond offered, so
the insiders got all the cream as was
their Just due.
The Cumberland Ely company has
moved somewhat through sympathy,
but by virtue of its intrinsic merits.
While the process of financing the
Nevada Consolidated WAS on. this
naturally cast the Cumberland Ely
back step or two owing to the close
intimacy between the mutual inter-
ests of these two noted Ely compa-
nies. The Cumberland Ely company
did not need additional funds, hay-
ing provided the exehequer with an
ample working fund early in its his
tory
Both these companies have won
derful amount of copper ores avail
able and with a comparatively small
amount of development work done,
The Nevada Consolidated company
has sufficient tonnage TO last Tor
/ + or 30 years now blocked out. no
matter how generously the manage
ment can handle the ore. The Cum
berland Ely company has smaller
tonnage. but one close. TO the inside
made the statement Wednesday that
with copper located permanently at
/ cents pound. the Cumberland
Ely company has 81 100000 actual
dividends now in sight, And the Wig
orous amount of development work
at this property is continuously add
ing a greater tonnage each day.
Conditions at Ely are ideal for the
active campaign of production that
is being started. The two companies
mentioned own Jointly the mammoth
concentrating and smelling plants at
McGill. These plants are situated
In the heart of great desert, where
there is practically no agricultural
interests to be interferad with in the