The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-01-20
GOODSHOW|NC IN
DULL MARKET
ELYs DEMONSTRATE THE FAITH
THERE IL IN THE DiSTlilCr-
6IROuX SPECIAL MEETING
COMMENT On RECENT DEAL.

Ely stocks are doing proudly in the
market in comparison with the per
formances of most OF the issues on
the list The fact tells OF the strong
faith that exists in the worth of the
district in pure merit.
Ely Central has started on the up
ward movement and was The big local
feature yesterday. There was CON
siderable demand for the stock in
the east also and the price advanced
imporlantly One large order was
sent here yesterday from New York.
Glronx Consolidated has issued
circulars announcing The annual
meeting on February and calling
a special meeting Of stockholders fol-
lowing the annual meeting. The spe-
cial meeting circular follows:
Notice is hereby given that in
pursuance of resolution OF the
board of directors adopted at reg
nlar meeting thereof held on the
18th day OF January. 1903. a special
meeting of the stockholders of tie
company Is called To be- held AT the
office of the company. AZ broadway.
in the city OF New York, state of New
York. on Tuesday. the I'd day of Feb
rnary. 1903. at the hour of O'Clock
in the afternoon for the purpose of
considering and acting upon a propo-
sition 10 increase the capital stock OF
said company 10 $7.500.000 TO he
represented lay 100000 shares of
the par value of So for the purposes
set out In said resolution and for
such other business as may properly
come before said meeting. by the
directors, C. r. G1ROUN.
Secretary.
In their current letter. Hayden.
Stone a Co. have he following 10 say
Of Giroux:
1T Is reported that Mr.. Thomas
r. Cole and some of his former as
sociates have acquired an influential
voice in the control Of the Giroux
Consolidated Mines Co. This is the
best piece OF news that has come ont
on this company in a long while.
There has never been any question of
the valne OF the Nevada property. Il
comprises $50 acres, and is located
squarelg between the Star Pointer
group Of the Nevada Consolidated
and the Veteran group of the Cum
berland lily. II contfsus not only
large deposit OF the Characteristic
concentrating porphyry ores of that
camp, but also considerable high
grade direct smelling ores.
The management OF the company
up To this time has been severely crit
icised, and apparently with some rea-
son. While IL Is reported that the
present officials will remain. there
will doubtless be very radical
change in this respect. II is said that
$1.o00.e00 second mortgage bonds
will be issued, and with the money
received from these. and from the
previous issue, a broad campaign of
development and construction work
will al once be inaugnrated. not onl.
in the Ely property. nut in that In
Sonora. Mexico.
There Is only one factor that can
be urged against the purchase of TINS
stock. This is the very heavy capt
talization that the company will hay
when these plans are completed. Tie
provide for the retirement of IN
new issue of bonds, stockholders will
be asked to authorize an increase II
the capital stock from 100000
shares to 10000 shares. To earn
anything appreciable on this heavy
capitalization. the company will have
TO operate on the scale which Ne
r,ado GapeoItdafpd * now aDDroarh-
ing.
"Giroux's present equipment Is of
very doubtful value. so that 1t wiz
have 10 start IN at the beginning. and
70 provide one of sufficient size is
indeed a gigantic undertaking.
Ounfuffosae were.