The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-12-04
PRODUCTION OF ORE WILL Be
PROBABLY PUT TO RECORD
COPPER STOCKS LOOK GOOD AS IMMEDIATE BUYS

The ore line run is a crimpy job these cold days, but the
way they are picking up the business and getting the tonnage
to higher figures at the beginning of the month is warming
things to an extent which in some measure may reduce the chill
Last month was not as high in tonnage of ore mined and hauled
to smelter as some of the previous months, although the output
of copper from the McGill plants was the biggest in the history
of the Steptoe Smelling. Ore milled fell below October records.
by about 10000 tons, delivery not being made from the mines
However, the concentration has a good big advance supply OF
concentrates always on hand, and beside this a CONSIDERABLE
tonnage of seconds were worked up in the reverberatory and
the concentration. This month they are starting out as IT they
mean that both ore shipped and crushed will exceed the best
previous records of the camp, while copper output from the con
yerters will be higher than ever before. 1t looks like better
than six million pounds by December 81.
The Ely stocks yesterday were all down a little except
GirouX, which made a strong advance and scored one for the
Amalgamated interests, apparently, in the merger price move
ment. AS a whole, however, the copper list looks to be prime
to buy into at the present time, so far as the producers and
made mines are concerned. They are not going to go much if
any lower, and even should they, the next month or so will see
profit. 1t may be figured with certainty that before the merger
comes off the copper people will have another melon cutting In
the market. On the local situation Hulse market letter says:
II LOCAL SHARE MARKET was along those lines of
strength which have characterized its movements for a cOnsld-
cradle period and, Notwithstanding the fact that there were a
few weak spots, others made up with sufficient strength to off
set this. OF the higher priced stocks Nevada Consolidated and
Giroux continued to attract a great many of the local investors
Of the lower priced issues, Mcdonald was by long odds the
favorite with Calumet a good second choice. The Ely coppers|
are showing more and more strength every day and local in
vestors are backing them up with much confidence. The an
nouncement of the proposed building of the Ely-Goldfed rail
road has entered as an important factor in the local share trad
ing during the past few days. This, coupled with the fact that
chase mineral ground in the Ely belt, and the resumption Of
work on several other properties, is daily bringing about an in
terest never before shown in Ely stocks. The market is becom-
ing broader each day and we predict that the local list will CON
tinue to gain strength and take on greater activity. We adj
wise the purchase of stocks that have not advanced as rapidly as
those which have been forced upward on heavy local buying.
OF these we recommend such stocks as Mason Valley, Melon
aid, Calumet, Rochelle and Nevada Consolidated. This week
will also witness the floating Of the Ely Centennial which will
experience a greater demand from the public than that which
greeted the floating of the Calumet. We strongly commend
the purchase of this issue and believe that it will net a profit for
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