White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1916-08-06

commission and no promoter has had
for its shares is a natural one and
while the price has declined the prop
erty is better and bigger than ever.
1t is stated by men who are versed
In the science of mining and milling
that Big Four has today the most
modern and up to date plant of ita
kind in the country. Extensive inn
provements have been made both In
the handling of the material and alsa
for a closer recovery.
Anyone buying Big Four is we be-
lieve sure of a good return on the
investment and square treatment by
its management.
Consolidated Coppermines
If Conan Doyle, the originator of
Sherlock Holmes, had been q finan-
cial writer. he might well have writ
ten a story on this company and
would have undoubtedly used as sub
titles for it THE Mining Mystery
Muddle' or the Copper Company
Conundrum."
For here Is a company with plenty
of ore proven up. with thousands of
tons practically ready for the mar
ket, with ore containing a higher
percentage of copper than other low
grade properties, with the price of
copper the metal selling from 20 to
30 cents a pound, with a chance to
earn hundreds Of thousands Of dol
lars for its stockholders. yet it prac-
tically remains idle. OF course, 1t Is
not a ~conundrum to the insiders, but
1t is to it's 1000 stockholders and the
general public.
1t might be appropos OF their re-
cent shut down to recall the atten-
tion of the stockholders to a few of
the pertinent remarks of Colonel
Wall in his published statement. He
says at has been frequently urged by
parties in interest that the action
brought by me in the courts has him
dered and prevented the manage
ment from developing and OPP
Grating the property. This is clearly
a misapprehension of the fact, be-
cause all that has been necessary for
the management to do, at any time
since the commencement of the suit,
to avoid the consequences of the
pending action, was simply to make
available to the stockholders the vast
resources of the company's property,
when the action would necessarily
fall of its own weight" Further on
Col. Wall quotes Mr.. Cole as follows:
1.-The company has no funds with
which to commence the extraction OF.
this ore and no smelling or refining
works with which to prepare the
product for market" Answering this
Col. Wall says: I'm view of the fact
that the pres could be shipped to the
valley smelters and reduced at q
higher rate of profit to the company
than they could be reduced on the
ground If they owned a smelter. and
" tho I io&h Ahat III AitAAAl6
company in this country WI or ever
thought 1t necessary to own or oper-
ate a refining works, and that such
works would probably cost between
100000 to $40, 90, 900 1t cannot be
expected that this answer would be
altogether satisfactory to the stock
holders, and as to the lack of funds
In the possession of the company with
which to begin and carry on the ex-
traction and marketing of these ores,
the complaint contains a proposal to
furnish money necessary to put the
property upon a profit earning basis,
without any charge whatever to the
stockholders except that repayment
should be made only out Of profits to
be earned In the operation" On the
strength OF the promises Of the man
agement that they would start opera
lions. Col. Wall postponed his suit to
the September term.
During the month of July 9403
shares of Coppermines stock was
traded In on the New York and Bos-
ton curbs-500 shares at $500; 628
at 2 Is; 1926 at 2A 311s at 2 3-s;
f1250 at IN; 1900 al 2 5-S and so
at 2 "a.
On August 3rd, II was quoted on
the New York curb $1.75 bid, $500
asked.
Emma Copper
II persistent development and the
application of the science of geology
has anything to do with obtaining
permanent results, the Emma Copper
management is entitled to succeed In
Its efforts to convert this old property
into q producer of magnitude. As q