Show ELY IN THE DIVIDEND CLASS the nevada consolidated has posted a dividend of thirty seven and one half cents a share the announcement of this dividend under ordinary circumstances would not attract any special attention throughout the mining and financial world but much importance is attached to the action of the company because of the fact that the nevada consolidated is located at ely nevada and the further fact that this is the first dividend to be paid by any mining company of the camp since ely attained worldwide world wide recognition as a cupper producing section the immense amount of money expended in the development and equipment of the nevada consolidated is an index of the confidence the company has had in its property and now that the association has reached the profit making epoch and can be relied upon to pay handsome dividends regularly hereafter more attention than ever will be directed to ely and the great mineral resources of the district will now be developed with greater vigor and determination than ever before it is a pleasure to be able to say that ely it not a one mine camp indeed there are several holdings there which are the equal if not the peer of the nevada consolidated soli dated the giroux for instance is considered as a far richer a far bigger mine than the consolidated and when the giroux gets its new smelter in commission there is good reason to believe that in no camp or district on the american continent will there be found a greater copper mine while squarely on this great copper belt there are such properties as the ely mines company federal ely the mcdonald ely the ely consolidated turner ely and others and these at no distant day will help heili to s well swell the copper output of the camp until nevada will be able to boast that it has a second butte within its environments nothing short of some forseen unforeseen un calamity and catastrophe can now keep ely in the background it has passed the most trying period of its existence the day when it was an almost abandoned mining camp was hardly more trying than the two years following the late panic during which time the nevada consolidated was practically the only company which maintained active operations but now having attained a position where it can be classed as a divi dividend bend pay ing camp ely need have no fears for the future and from now on the district should grow row by bi leaps and bounds and there 1 n another factor which is bound to stimulate the continued growth of chiy and this consists of the probability that the proposed road from this camp to goldfield is practically a certainty the western nevada also may yet run its trains into ely an and 1 in due course of time ely and pioche may be connected by bands of steel it was a great day for ely when the camp entered the dividend paying column the effect of the initial dividend of the nevada consolidated was felt immediately and especially so in the quick advance in the quotations of nearly every ely mining stock every meritorious property in the district advanced in value and every business enterprise felt the influence of the higher regard with which the district is held in every financial and mining center throughout the world |