White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1915-09-26
THE MARKET.
Furnished by r. w. HuIse 4 Co.

FURNISHED by r.. w. Hulse q 20.
The keen sense of anticipation that
has been created by strikes in Al
bion. Sells, Alta Tiger and Colum-
bus Eek. in the last fortnight and the
determination of Wasatch Mines
company and other Alta camp oper-
ators to build an aerial tramway
down the canyon to the railroad ter
minal capable of moving 500 tons of
ore day. has injected an altogether
different feeling into the Alta-Cot-
tonwoods situation than has prevail
ed during the past few weeks. Not
merely rejecting it, the Cottonwoods
have been the life of the Salt Lake
market in the six trading days just
gone. We have steadfastly maintain
ed that all that was necessary was
time in which to do the development
work ON these properties and they
would speak for themselves, and the
recent disclosures are bearing out
that opinion. Marketwise. We be-
lieve the crisis is a thing of the past,
that the bottom has been reached and
with frequent strikes such as have
been made in the properties above
mentioned 1t will be but short
time before we shall see a bull move
ment that will eclipse anything that
has gone before. This movement
prospective values, in the mines, and
the permanency of any advances at
tained seems assured
EMMA COPPER is going to join
in the tramway building, and We
don't believe 1t would do it without
reason. Ore is being steadily devel-
oped in the mine and the plan of cam
paign contemplates placing the mine
in shape for economical mining and
production. The stock is showing bet
ter form all the time and our opinion
is that it will be selling several points
higher a week hence than it is bring
ing now. Emma has shipped some ore
that gave substantial returns and,
| like Alta Consolidated it will be
ready to make regular contributions
to the market when decent transpor
tation facilities are provided. Really
We can not see where Emma Copper
can hold down around present prices
Very long If you bought higher av-
erage down and thus increase the
profit that should soon be available
| ALBION stands out as one of the
beacon lights of the district. Since
the tapping of the Kate Hayes fissure
the stock has registered gain of 33
the way" to higher prices all along
the line. Albion is figured to make
another of the camps great bonanza
mines and, while II has not yet been
possible to return to work in the face
of the erosscut from the Quincy tun-
mel through which the vein has been
opened it is oniy a matter of another
day or two until the miners will be
able to get busy again. The gas mas
been cleared out within fifty feet of
the face and before the week Is out
better idea of what has really hap
pened will be had. 1t is possible, of
course, that some work will have to
be done before the nature of the lode
at the point of entry can be fully de-
termined, but the fact that consider
able ore has been carried out into the
drift with the great flow of water en-
countered. makes it plain that an ore
body of magnitude is close at hand.
Eight hundred feet away in the same
vein on the South Hecla side of the
F, line an orebody comparable in size
with that found last winter in the
Cardiff is being opened up. Albion
therefore promises to open up in a
manner that will quickly send its
stock soaring No time should be
lost in buying this stock.
THE BIG STRIKE IN SELLS,
where reports from camp as this is
written indicate that four feet of
high grade sulphide ore has been op-
ened up in the raise from the north
west drift is bound to have stimu-
lating effect on all the properties in
that immediate vicinity. besides put
ting the Sells prominently on the map
of the district. Nestled right in close
to the South Hecla and Albion. with
everything to indicate that the same
In nd ir.