The Washington herald., 1909-10-29
FINANCIAL.
To the American Investing Public:

Inc advance III tne market value or IL.
CENTRAL shares to a closing sale yesterday at
S. 3-8 has been the most impressive feature Of
the New York Curb in the year 1909. This ad-
vance has returned to discerning traders in curb
securities the largest profits which have been
taken on the New York Curb market this year.
The advance has been attended by an increase
in buying. From few thousand shares daily
traded in few months ago, in small lots the
ELY CENTRAL market has risen until to-day
it is the big feature of the curb, In the last
week $4,000 shares changed hands The money
value of these transactions was around 100000.
No other issue listed on the New York Curb
has approached the market activity or money
volume of trading shown by ELY CENTRAL.
The reasons for this remarkable market per-
Torrance, which establishes ELY CENTRAL as
the undisputed leader Of the New York Curb,
are definite and wholly logical.
In the past few months investors have seen
ELY CENTRAL adequately financed, lifted
from a state of practical insolvency to financial
ease They have studied with enlightened atten-
ton the exhaustive report made on the ELY
CENTRAL by Col William A. Parish, one of
the worlds most experienced and capable mining
engineers. They have seen aggressive develop
ment work started according to COL Farish's
recommendations. They have seen the Eureka
shaft sent down to intercept the NEVADA
CONSOLIDATED ore bodies with record
breaking energy. They have seen the Monarch
and Clipper shafts started, and have witnessed
the developments in these shafts OF mines from
the grass roots, producing copper ore Of 50 high
grade as to be of direct smelling quality. and to
warrant ELY CENTRAL in claiming dignity as
a high-grade shipping copper mine in two
months after actual development OF its estate was
started.
They have studied ELY CENTRAL from
every angle.
Their appreciation OF the Importance of the
location of the ELY CENTRAL estate is ex,
ceeded only by that OF the engineers in charge
of the NEVADA CONSOLIDATED opera
tons. They have realized that in the geological
order of things ELY CENTRAL must get the
continuance OF the NEVADA CONSOLE
DATED'S ore body. They know that in the
Copper fiat section, where the steam shoyes are
working within $50 feet OF the Eureka shaft,
and where churn drilling has demonstrated the
ore 10 within 200 feet OF the ELY CENTRAL'S
west side line, the NEVADA CONSOLE
DATED has demonstrated 100000 tons OF
commercially profitable ore They know that in
the Ruth group, to the east of the ELY CEN
TRIAL estate. the NEVADA CONSOLE
DATED has blocked out and made ready for
extraction 100000 tons of ore, averaging :
per cent in Its copper tenor. They understand
when the NEVADA CONSOLIDATED'S re-
duction plant in the Steptoe Valley shall have
been increased to a daily capacity of $4,000 TONS
and when production shall be established on this
basis, there is ore enough in the Copper fiat sec
ton of the NEVADA CONSOLIDATED
acreage TO meet the reduction plants maximum
daily requirements for more than 30 years.
Better than anybody else these investors ap-
preclate the development OF NEVADA CON
SOLIDATED, after but fifteen months Of actual
production of fine copper into the third largest
dividend payer of the mining and metallurgica
companies of the world They know that no
other copper mining company Of America has
ever progressed by such remarkable strides and
in such short time from the prospect stage to its
dividend paying era.
They understand that or the initial rate of
dividends established by NEVADA CONSOLE
DATED, which is selling in the markets to-day
on a valuation of S4SOOO,OOO, the great Ely COP
per producer whose estate IS cut IN twain by the
acreage Of the ELY CENTRAL. will return to
shareholders in one year a sum double that which
the great UTAH COPPER Company returns
in two years that on this basis of dividend pay
ments NEVADA CONSOLIDATED will equal
the annual disbursements to shareholders of
AIALGAMATED COPPER, capitalized at
SI55oOO,Ooo and selling in the open markets on
valuation around SI3oOOo,OOo; that NEVADA
CONSOLIDATED'S disbursements during its
first year as a dividend payer will be double, or
nearly double, the dividend payments of such
famous producers as ANACONDA, NORTH
BUTTE, and BOSTON AND MONTANA;
that in its first year as a dividend payer it will
return larger sum to shareholders than BUTTE
COALITION which sold Yesterday at $27 per
share, as against S24 for NEVADA CONSOLE
DATED, has returned since the organization
of the company.
Knowing all of these facts in regard to ELY
CENTRAL and NEVADA CONSOLIDATED,
investors know, further, that with the continu-