White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1910-12-18
NEW YEAR WILL
Be- PROSPEROUS
MILLIONS Ig DIVIDENDS WILL
RE PAID DURING JANUARY, A
SPLENDID INDICATION OF
DAWIN,G PROSPERITY.

The stock market has slumped
during tie week, and this is some
thing which affects the district Wit
ally. TO. when stocks are up, so is
everything else. Trade is good and
money Is freer: there is a chance TO
make loans, and with the loans to
max. investment. While it may not
be he merriest of Xmases from a
stock standpoint the outlook for the
csming year is certainly a good one.
BY the middle of January there will
have been paid out s2S7 10000 in
dividends, and that is one of the
brightest indications of dawning
prosperity which could be wished for.
This money will go into the hands
of the public, and such an enormous
sum cannot remain idle. 1t goes
without saying that II will seek i'm
mediate investment in industrials
and securities of all kinds, and this
will set going the wheels of progress
with a whirr which will soon make
us forget all about the troubles of the
immediate past. There is plenty to
go around in all parts of the country
and Nevada will not be forgotten In
the distribution of good things, for
this state has gone to the front with
goods mines more during the past
year than ever before.
And when capital comes TO Ne
vada for investment this district
cannot be overlooked. The Cole
Ryan syndicate will be an active
factor In the development of the dis
trict, for 1t does not seem possible
that the selection of the site for the
reduction plant can be much longer
delayed. and no matter where the To-
cation of concentrator and smelter
may be. 1t will inure to the good of
the district at large.
II is surmised by some that the
smelter is going to be located III
the nelghborhood of Phoebe. The
reason for this is that the Gole-Ryan
syndicate, owing control in the Gil
roux Consolidated has been aequir-
ing properties in the vicinity Of
Phoebe. they having bought the Ne
vada Utah ground which includes
the Jack Rabbit mine, noted for its
large VI nhhlhS 'A's = -
more than likely that this ore will
be used at the International smelter
in Tooele Canyon. and that the smell
ter for the Giroux Consolidated will
be built in this district. as has been
stated both by Messers. Cole and
Ryan.
On the other hand. If the Giroux
smelter were TO be built at Phoebe, OF
which there is but little likelihood, II
would mean the bringing of another
railroad into the district, which of
itself would have a very important
bearing upon the future of the eoun-
try. No matter from what stand
point the subject is viewed, 1t au-
gurs we'll for the future of Ely, and
the beginning of active operations on
the part of the Cole-Ryan syndicate
will be the signal for an awakening
of the interests In the district. which
have been slumbering for the past
year. Ii will mean the opening up
of prospects which now are idle and
the resumption of work In mines now
closed down. II will mean more
prosperity more money coming into
the camp, and a general revival all
around.
There need be no fear for the
future of the Robinson district, and
good times may be looked for soon
after the dawn of the new year.