The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-06-09
PARTICULARLYWHEN THAT con.
FIDENCE IS WE'LL FIXED WITH
LEWIS0HN FOLLoNING-LAT
TER IN MARKET FOR STOCK.

The News,
East Ely, Nevada.
NEW YORK. june s.--Your sur
mise correct, Principal points con-
fiirmed. Stock in demand.
A. j. HEATON.
The above telegram was received
by the News yesterday In reply to u
query made of u New York financial
correspondent. The query was as
follows.
HAS Lewisohn following been ad-
yised in last ten days from Ely to
buy Ely Central? Have they been
buying. surmised here such advice
responsible for advance"
This column yesterday morning
held that there was not apparent ON
the surface the real reason for the ad-
vance In the price of Ely Central
stock which has provided the sensa-
ton of the last few days and bids
fair TO make even more of stir be-
fore IL is through with.
The telegram quoted was accord
ingly sent yesterday 10 confirm the
opinion which had been formed that
the Dewisohn interests. with which
Is closely In touch through mutual
interests held in the Ray Central, In
Arizona. had been advised, very
naturally, that Mr.. Turner held high
opinion of Ely Central and consider
ed IL exceedingly good 10 have In
view of the improved outlook made
for the property by development
around 1t since his last previous
Visit.
The mere announcement made by
Mr.. Turner last week that develop
ment would be started on Ely Cen
trail at early date through the putting
down of drill holes, was not and Is
not in any degree a satisfactory ex-
PLANTATION for the advance which the
stock has made, the latter reaching
TO Slip bid aud s1.25 asked yes
terday. with sales recorded during
the day In New York from 81 up.
That development would come was
long ago discounted.
The knowledge that the Lewisohn
following. a very strong conservative
one | nthe copper world, wants Ely
Central stock and is buying II. how
ever. is very different thing and
one that gives intelligent reason for
the skyrocketing the stock has been
indulging in.
II is not 10 be inferred that the
l.ewisohns are arranging FOR the con-
troll OF Ely Central, or that there Is
concerted action from both ends of
The line for that result. Mr.. Turner,
il is to be remembered. is himself
pretty good sized aud substantial
figure in the mining world, and in
Ely Central he is backed by prop
r.Su that Is looked upon locally as
one of great merit: one that no one
here doubts will make big, low cost
producer. However. IL would he
strange. with the enthusiasm that
his findings since here on the pres
ent visit have ocGasioned, II he did
not advise his friends TO come in,
and IL would be stranger still II his
friends. numbering the Lewisohns,
did not come In particularly In view
of the fact that Ray Central mas
lately given them insight into the big
world of low grade, low cost copper
mining possibilities.
With exception of Ely Central,
the locals we're OF and trading In
the mining issues yesterday dull an
copper had neglect 10 an
extent. although the metal was
strong and quoted higher Southern
Pacific and allied railroad interests
held the center of the stage. due to
announcement of the retirement oil
). T. preferred The strong position
occupied by the metals should bring
the mining issues into much activity
before the end OF the week. Re
port of the copper producers associa-
tion tomorrow on May business is ex-