The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-05-21
NEVADA Con. UP
TO NEW RECORD
PEACHES HIGHEST IN ITS HIS
NORTHUMBERLAND HANGS
mack INSPIRATION KEEPS
Ip-CUMBERLAND DIVIDEND.

nevada gGFtelud9
continued the advance that has been
IN nrogress for the stock pretty
steadily for the last couple of weeks
and closed the day at a new high
mark in its history.
cumberland Ely. to which many
have looked 10 for Improvement
nronortionate with that made by its
sister company. was disappointing in
its action. holding at a standstill yes
terday and showing inclination to
slip the wrong way.
inspiration added to the good feel
ing which il has created by per-
formances since placed on the mar
ket by scoring further advance.
Glroux was some stronger yesterday.
while the others of the local list
held their own.
The metals are continuing firm
and the outlook for copper In par
ticular Is very encouraging, Buying
has been protracted during the
month and has taken up consider
able part OF the surplus. The action
of the metal lends strength 10 the
belief that the surplus Is going to be
disposed OF before the summer Is
over. and that the coppers will have
large advantage from this fact In
SCORING the advance which il con-
sidered ahead OF the list beyond the
shadow OF doubt.
This column has for months ad-
yised the purchase of Nevada Con.
and has held that II could be expect
ed 10 make $40 or better before the
close OF the year IL should sell on
A par with Utah Copper and II looks
as II IL would 90 there without much
delay. Action OF Cumberland Ely Is
not much In keeping with the merit
Of the property. nor does IL show
well for efforts which have lately
been out forth In the east to advance
the stock. Concerning Cumberland
the following has lately been printed
In several eastern financial papers:
There has been some good buying
OF Cumberland Ely during the last
few days and a lot OF stock has been
taken by very strong interests as a
result. The demand comes not only
from local commission houses but
also from New York where the stock
Is a strong favorite.
The reason for the improvement
Is found In the very favorable re-
ports that have come in recently re-
garding condition of the property.
These reports Indicate that the mine
is adding largely to its reserves of
high grade ore as a result of an I'M
portant strike made on the lower
levels of the Veteran mine and that
in many ways the underground show
ing Is improving.
The ore taken from this property
has averaged about 3is per cent
since the beginning of its treatment
and as the production Is being stead
lily increased IL Is evident that the
mine Will soon be on dividend
paying basis
Al the present time the production
Is at the rate OF 10000. 009 pound "A
year and the costs are now down 10
the lowest point yet reached. Of
fcials of the company have publicly
stated that dividends may be expect
ed by the first of the year and this
naturally creates demand for the
stock around present prices.
MNFoRD AND HULSE LETTER.
Nevada Con. rebounded back 10
its old place and has now scored n
new high water mark, Cumberland
Ely is due for an upward foyement
as we'll. As a rule an upward move
ment in Nevada Con. pulls Cumber-
land Ely up, but IN the past three
months these stocks have been NOV
ing separately. The rest of the local
list was quiet with prices holding
around the same levels.