The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-22
Nevada Camp Unprepared for
Favorable Showing Made by
COmpany's Statement.
FIRST REPORTS WERE
OF BEARISH IMPORT
Local Confidence in Manage.
ment Remains Unshaken
Despite Eastern Attacks.

That Ely. like all the rest OF the coun-
try. was given n genuine surprise on re-
Ceiving the eighth annual report of the
Giroux Consolidated Mines company get
ting a treat by no means anticipated
Judging from the bcarish extracts from
The report the east saw fit 10 send west.
is vouchod for by q. a. Mcltlroy, proml :
ncnt attorney of the great red metal
camp of White Pine county. McElroy Is
IN Salt Lake on legal business and re-
newng his numerous Utah friendships.
Since the Ely shareholders have had
the opportunity to read the report for
themselves he said yesterday, quite a
favorable impression has been gained.
something far different from the imper-
feet and detached extracts we first re-
ccivcd over the wires. Those who know
the mine as a great many do In Ely feel
sanguinc that everything Is all right and
that no more detailed report OF the Alpha
ore tonnage could have been given by
anyone caring TO stay within bounds OF
reason.
Are Certain Of Results.
Until the Alpha shaft workings can
be unwatercd. which can he done within
the very near future, any blocking out OF
Sulphide ores and any estimates as TO
tonnage are useless We figure the Situa-
tion out that, knowing the character OF
the men behind the GirouX. the company
would not have gone TO the expense OF
sinking a new five compartment shaft
and of installing one Of the most com
plete and expensive mine equipments ever
placed on any property were those In
charge not certain that results of great
magnitude are certain.
I'VE know the quality OF work the
company has been doing and we are
intimately acquainted with the equip
mcnt, and there never has been n better
or more complete job Of its kind accom-
plished anywhere. With the facilities
now being added the GirouX should be
able to handle as much as 1000 tons of
ore Il day Via this shaft, No one believes
all this would have been made possible
were there any doubt that such achieve
ments are sure in time to come.
Have Big Payroll.
AT the present time there must be in
the neighborhood OF 5000 men employed
In the mines Of Ely aud in the Stcptoc
conccntrator and smelter. | am not posi-
tive as To the amount Of the monthly
payroll. but | Judge 1t is close TO $500
GOO. allowing an average OF SlpO pei
month per employee, In addition To the
big properties there are from fltteen 10
twenty companies working from three or
four to twenty men right along, and the
number OF operating pronerties Is being
added TO from time TO time, What ELY
needs Is custom reduction works for cop
per and lead ores. There is no dues-
ton but that the Nevada Consolidated
company will have use for all the capacity
of its mill and smelter for the treatment
of its own ores. and no one expects this
company to attempt much in custom
ore business.
Along Duck Creek and elsewhere there
arc a number Of promising lead proper-
ties. and a lead stack at or near Ely
would greatly stimulate tho development
of this kind of mining property
New York Mining Stocks.
James A. Pollock & Co, bankers anc