Show CHANGES IN GIROUX CON mining investor boston mass the feature of the curb marret market during the past week has been giroux consolidated the stock sold up to 10 per share on tuesday this is due to the report that the cole ryan interests have secured control of this valuable copper property but i that after a week of discussion it n now ow appears cus sion offers for control by eastern interests have been turned down and while perhaps not in control through a majority stock ownership thomas cole and asso associates i have become largely interested and take an active part in the management manag ment the giroux directors gave out late yesterday this announcement the directors of the giroux consolidated mined co have been in continuous session for the past week preparing for the annual meeting which is to be held february a 2 1909 the board has had under discussion an informal proposition to purchase the nevada property of the company sufficient opposition to the sale of the property developed to prevent its consideration the stillman F kelley option on the balance of the treasury stock namely 70 shares has been taken up thomas F cole and associates haie hae become largely interested in the stock of the company and will take an active part in the management A broad policy of development to explore and open up the extensive ore measures already known to exist in the properties both in nevada and mexico will be inaugurated at once while plans are being worked out for equipment and reduction works to handle the same on a commensurate basis the giroux consolidated is one of the best properties in the ely district but it has never been handled properly either at the new york end or at the mines the companas comp anys properties in the ely district embrace 1050 acres and they are considered among the best in the copper belt of that district they certainly ought to be because the giroux interests were nearly two years in advance of anybody else in selecting select ng their property and therefore had first choice the land lies immediately west of the nevada consolidated and has six working shafts the deepest shaft is known as the alpha which is down 1000 feet the mines have extensive underground workings and large ore bodies are already developed it is claimed that the average for the entire mine as opened is better than 5 per der cent copper the company has a concentrator rated at tons daily capacity which is in operation and which we understand is handling about aco tons daily at the present time we would not be surprised if this entrance into ely by cole ryan interests portended the erection of a smelter in that great camp and if this proves to be a fact it should be of benefit to ely because there is plenty of room for more than one smelter in that district |