The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-10-31
SITUATION IS ONE OF MUCH ENTHUSIASM
BACKED BY MERIT IN DEVELOPED ORES


surface keeping pace with the excellent record they are doing
underground. Ely Central has its two new shafts going in the
ore, following down on the incline and getting results which
have occasioned much cheer. Considerable ore is accommodating
on the dumps and the expectation is that there will be shipments
before long that will enable them to a good smelter test Of the.
output. Boston Ely continues to send up the oxidized material,
with the appearance of things steadily better for the expected
result in a big ore body. The dump looks exceedingly good
Ely Con. is going ahead on its 400 level with continuance of the
ore and Improvement in both grade and extent. 1t is beginning
to look very much like the real thing and with the work mapped
NEW DE-VELOPMENT-Ey Calumet will be getting
down to business very shortly in the driving Of it's tunnel. The
enthusiastic backing, for there is general feeling that the tun-
mel idea touches this property right and will get it into the ore
get underway very shortly. 1t will team we'll with Calumet Ely
as a next door %neighbor. Results on these two properties and
then on Ely Northern, which is also being shaped around for de-
velopment work. at early date will certainly set things booming.
Ely Witch appears to be shaping around for assumption of de-
velopment and it would surprise no one to hear of orders to that
effect at any time. In fact the surprise will be the other way,
for recent reports and market movements from the Salt Lake
end all go to give strong ground for belief that the property is
to be picked up and put through the pace with plenty Of steam
behind 1T at early date. Federal Ely has been working along
with a small force for some time and it is the belief that they
have about reached the point where they can intelligently pick
up their work in a broad way and go after the ore body. Pitts
burg Ely is another on witch work is to be started at early date.
A churn drill will be put going just as soon as 1T can be secured.
LOOKS GOOD-An of which gives body to the expecta-
tions entertained for a mighty lively winter, in which there will
be much doing and the camp shove forward as it never has be-
fore in the extension of its work around the edges and outside
the Immediate proven zone. That there will be a great deal OF
new capita. enlisted in the work is certain and with it will come
new enterprise and new ideas which will be of aid going hand in
hand with the work and results of the past. 1t is an outlook of
much brightness and one that would be hard to improve upon.
Quoted below are extracts from d. W. Hulse Co. market
THE LOCAL SHARE RKETwConsider activity
has been displayed by the local issues in the past weeks trad
some places there were a few declines in extraordinary adj
vances, the close of the week is considerable higher than the
opening. There has been by far the heaviest trading and the
greatest movement in the local issues ever experienced in the
district, and this no doubt is only a beginning. We anticipate
that this is onlythe start of the upward movement in stocks
and that from now on it may be expected that they will con-
time to gradually climb, and where particular issues are now
selling for cents they will be selling for dollars within the next
SIX months. The launching of Ely Calumet among the local
shares was particularly welcomed by the investing public. This
stock was oversubscribed, which indicates that the people of
this district, not only have confidence in the issue, but believe
that all OF the Elys are bound to sell at higher figures. The pro-
motion of Ely Calumet is an excellent support to the local mar
ket, as the stock undoubtedly will sell within the next ten days
above thirty cents per share, and eventually go to SOC. We are
quite bullish on all OF the local stocks and believe they will con-
tinue to make money for investors at present prices.
BOSTON ELY-Boston Ely is beyond a doubt now at
tracing more attention in this district, not only in a stock way
but a mining way, than any of the big coppers, as it attains
depth with It's working shaft. From the present indications on
the ground any mining man would be Of the opinion that this
shaft will soon strike an ore body something similar to that of
higher priced issues this stock offers the greatest speculative
possibilities and is due for a much stronger advance than it has
not surprise us to see this stock go to $1,000 a share.
ELY ENTRAL-Last months development work on the
ture; this probably going a great ways towards causing the
rapid advance in the price of the stock. The management be-
ieves that within the next year the ore bodies developed in the
Ely estate will not only be large but of immense tonnage.
ELY Witch had quite a squirt the fore part
of the week, but at present writing it is weak. This property
has a great deal Of merit attached to it and if operations we're
resumed it would be selling at very much higher prices.
FEDERAL ELY-Federal Ely sold as high as 10 lie dur
ing the week, but is now down to lie. We believe this stock is
good for a quick turn and strongly recommend it's purchase, as
it looks very much like the option will be taken upon the con
troll of this stock at 30c per share, which will cause a quick adj
vance in the market price of this stock.
MCDONALD ELY-Tt is said that the directors of this
company are considering the resumption Of work on the prop
erty. If this proves true the stock will soon be selling higher.
ELY HIDDEN REASURE-This stock will probably be
placed upon the market very shortly and will be beyond a doubt
eagerly bought by the public. The leasers are making a won
derful property out of this estate and will probably leave a
large tonnage behind them at the expiration of their leases.
NEVADA UNITED-The management still pursues the
course of blocking ont tho tonnann and nlaninn 4hir mine In