White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1912-05-19
CONSOLIDATION
PROPHES|EO
MERGING OF NEVADA CON AND
GIROUX INTERESTS WOULD BE
OF IMPORTANCE TO THE ELY
DISTRICT.

The official announcement the past
week, to the effect that the Giroux
Consolidated company had arranged
with the Nevada Consolidated COM
pany for the mining and treatment
Of the Butte Ely low-grade porphyry
copper ore tonnage Is in line with the
prediction made many weeks ago,
says the Salt Lake Tribune. The ar
rangement having been perfected,
the minority shareholders of the
Butte & Ely are decidedly satisfied
as far as can be learned, and for
several years ii would have been diff
ficult to find a more dissatisfied COM
bination anywhere at the inaetion of
the Giroux company, which owns
the large majority of Butte & Ely
shares.
All who are following the destinies
of the Giroux and the Nevada Con-
s~olidated companies are of the OPP
inion that some day soon 1t will be
announced that these two %organiza-
tions have merged. Everything
points to the fact that a eonsolida-
ton is being mapped out. and all
agree that on account of the location
of the mines and the general COM
munity of interests such a con-
summation is logical and something
greatly to be desired. The friendly
relations existing between the two in
terests at the present time follow
several years of a~ntagonism, which
took various sources, and everyone
approaching the significance of
these friendly relations rejoiees at
the good it promises to bring to the
entire copper producing industry and
the Ely camp among others.
The new contract with the Giroux
in relation to the Butte & Ely brings
up many matters of interest and
speculation which will not rest until
the entire details of the transaction
are fully known. The Nevada Con-
solidated company has eight sections
Of the concentrating plant in com-
mission and General Manager Lake
nan stated a few weeks ago that one
section would be devoted TO the
treatment of the Giroux Consolidat-
ed pres as per the contract negotiat-
ed several months ago.
The Butte & Ely ores are consider
ed practically identical with the
steam shovel resources of the Ne
vada Consolidated company and
will be treated in the same man
ner. The new contract will call for
either additional concentrating ca
jacity at the Steptoe works by the ad-
ditional new sections or the remov-
al of Nevada Consolidated ores
from another section of the mill as
at present constituted. A consolida-
ton between the two main organiza-
tions will doubtless mean a much
greater mill than the existing one at
McGill. That new sections will be
added TO the plant within a short
time Is a matter many believe admits
of no doubt, but among the things
that are decidedly encouraging is that
the Butte d Ely shareholders, as well
as the Giroux are to be greatly bene-
fitted within a short time, while
conditions at Ely are to be far more
satisfactory for everyone concerned.
The Butte & Ely property consists
of twelve patented claims, an area
of 210 acres, between the Nevada
Consolidated and Giroux proper
ties. Stevens Copper Handbook
states that among the assets of the
company Is a valuable water right
capable of supplying 1000, 900 gal
Ions daily.
In contradiction to the foregoing,
the Boston News Bureau, an
acknowledged authority on subjects
of mining and other finance, prints
the following:
mo significance attaches to the
| contract by which Nevada Consoli-