White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1916-07-16
MARKET LETTER
ELY BROKERAGE COMPANY
Ely, Nevada Northern Hotel
Mining Stocks, Listed and
Unlisted Securities

CARDIFF: A dividend of 25c a
share will be paid by the Cardiff
Mining company in August and Sep
TENDER, is the statement made by one
of the interests of the company who
is closely associated with the control.
1t is also stated hat the company
can continue monthly dividends at
his rate without impairing its re-
serve funds.
The financial statement says that
there are probably better than $780,
600 tons of ore developed, and par
TALLY developed. of a shipping grade.
This means that there are about
three years of dependable ore in
sight, and on a basis of zoo ions
daily extraction, that the yield from
this should be upwards of $500 a
share net. From another source 1t
is learned that Cardiff has $500 a
share in actual ore blocked out. al
ready to mine. II is quoted today at
800 bid, $3.50 asked.
BIG FOUR EXPLORATION This
stock has declined TO 800 bid. $1.05
asked. but is in better shape than
ever, and its earnings are nearly as
great in spite of the decline in the
prices of the metals. The writer per-
sonally investigated the standing of
this company while in Salt Lake last
week. and is more favorably i'm
pressed than ever with the PROPOSE
ton, not only as a mining invest
ment, but as a business organization
for the Big Four does not depend on
one property for its earnings, but
from a number of sources which are
all consolidated under n head.
On its Park City property alone 1t
has $1,000, 900 in sight. with zinc
selling at &c a pound, and as zinc
today is selling at 9hc a pound, II
can be seen hat Big Four "a earn
on this property alone large sums, no
matter how much further the metal
may decline. Market-wise. We learn
ed that a block OF this stock has been
optioned to a New York broker at
S1.65 a share. and that 1t will be
listed on the New York Curb at
$3.50. The decline in the price Is
accounted for by the fact that they
are going on a quarterly dividend
basis instead OF monthly. We hear
that this is to be 15c a share per
quarter, or at the same rate that
they have been paying, namely, sc a
share monthly. We strongly urge its
purchase at the market.
DRAGON CONSOLIDATED: This
adjoins Iron Blossom, which latter
company has been paying dividends
for years. The ore which the Iron
Blossom has been obtaining was
found in the Uncle Sam, from which
it ran directly through Beck Tunnel.
into the Colorado ground, and is
now opening up in the Dragon Con-
sordated. Sufficient ore has been
opened up on the Dragon to make
1t one of the best speculative pur-
chases in the market. In addition
to the Iron Blossom ores, Dragon has
a vast deposit of fuxing iron ore,
which is in great demand by the
smelters. and has, also, considerable
low grade copper, carrying values In
gold and silver that are being suc-
oessfu1ly treated. The company has
better than $4,000 in the treasury,
and is shipping between thirty-five
and forty cars a week. 1t Is under
the management of the Knight In
yestment company. We recommend
its purchase at the present prices of
26c bid, &c asked.
SUCCESS: This property is To-
Gated in the Occur d'Alene district,
and has been operating on a profit
able basis since 1915, when dividends
we're started. 1t is paying dividends
at the rate of &c a share monthly with
a substantial bonus at intervals of
every quarter. They are making
monthly profits at the rate of $780,
900, with a treasury surplus of
around 100000, with large re-
serves of high grade zinc-lead-silver
ore. 1t is quoted around Csc bid,
zoe asked, and stands in a class by
itself as an investment which We