Show ELYS ADVANCE PER CENT Increase of in the Value of Cheaper Stocks Is s Figured That the cheaper copper Issues of the Ely district have in the last thirty days das recorded an average advance of 3 per percent percent percent cent representing a total increase of 18 8 00 in their valuation Is the net result of the new movement In those stocks stock as figured by the Ely Expositor One of the principal causes for the new interest in the camp it I is pointed out is the discovery of ore bodies In the lime limestone limestone stone which adds a heretofore 4 possibility to the future of the dis distri q tr tri t t Great as the district is and an yet et promises to be through Its it known know depos deposits its of porphyry ore this new discovery discover adds many times to Its Is future prospects prospect and affords new support to the conten contention contention tion ton that it I is to be b foremost in the ranks of ot the worlds copper producers Summing up the situation briefly the thelast thelast thelast last thirty thiry days may be b said to t mark the beginning of a new epoch In the his history history history tory of the camp with Interest from a general standpoint in the small smaller smal er stocks Some of the Increases In mar market market market ket value have been as great gal as a 8 per percent pr percent cent cent That Increase Is shown by Ely Consolidated which went from 8 cents a ashare ashare share hare to as high as 66 96 6 cents Some Marked Advances Others which have made mad marked marke ad advances advances vances ances are Ely Central which In thirty days went from 1 to upwards of 2 a ashare ashare ashare share Ely Witch itch which advanced from ll to Boston Ely EI whose advance was from 15 to close to 3 Federal Ely whose rise from 6 cents to 19 cents represented an increase of more mor than 3 per cent McDonald Ely EI which went from lic to SOc W and Ely Western Vester now quoted at lie whose stock a 8 month ago went begging at 7 cents And In this record of advances no ac account account account count is taken of a number of companies like Ely Resurrection whose shares are areso ares areso so s closely held that no quotations reach the market market That the holdings of or the thc majority of ot these In pro proportion proportion proportion portion with wih the th others other there is no doubt doubt The great Increase of ot market markel values became possible of course coure through the operation of circumstances which have virtually resurrected dead ded properties The opening of bodies of shipping ore in such properties as the GIroux Groux the Ely Central the Ely Consolidated and Ely Resurrection Resurrection tion ton has provided the new phase to the districts future Before this it I was generally believed that Ely was an exclusively low grade gade camp that the only hope hop for the future was In the theat vast at deposits of porphyry ore which can be b worked to advantage only by the large companies The n v disclosures give I most mot of the smaller smal r companies J a chance chanc to open paying mines and the situation is given added adde zest by b the activity of ot large larg interests in taking over oer new prop properties ertis Room Yet to Soar And few If I any of the cheaper Ely stocks stock have reached a point in market value which would anywhere near represent represent represent sent the real rel value of the property If the promised era ea of activity is to be carried carrid cut Ely Central selling above 2 a ashare ashar ashare cut share shar is believed by many may to be worth more upon Its Is ore or showing And yet et several of those thos whose shares are sell sellIng sl selling Ing at from 15 cents to 00 0 own owners owner ers era er of f properties likely to be b as valuable Federal Ely for tor example not only has hasa a large area ara of excellent mineral ground gound with considerable development but it owns water rights which experts ap appraise appraise praise at as al high a a valuation as The new activity means that additional reduction facilities must be provided and they cannot well wel be b provided without cre creating creating rights ja a demand for Federal Elys water |