Show BIG consolidation AT ELY in a recent issue the record of ely nevada makes mention of a big ni merger ot of valuable properties in that section as follows during the past week the boston ely consolidated mining company was organized in new york to take over the boston ely mining company the smokey development company and the ely northern copper company the capital of the new company is divided in shares at one dollar par remaining in the treasury shares the company is provided with working capital with no indebtedness debt edness of any kind work will commence on one or more properties during next month the consulting engineers are expected here from new york during the coming week to discuss matters relating to development the area of the new consolidated totals close to acres and examinations maddon made on two occasions by engineers representing new york capitalists consider the property valuable this view is enhanced by the alpha shaft discoveries of the consolidated Copp ermines company which has a direct bearing on the known ore zone of the boston ely local opinion concerning the value of the three groups included in the new company is most favorable S herbert williams of ely who was originally responsible for the boston ely man mining company and the smokey development company is responsible for the above consolidation soli dation and has secured prominent and successful boston and new york mining capitalists ita lists to furnish funds to prosecute development as will be determined during the coming week the boston ely consolidated mining company will be the third largest in the district and ample capital is forthcoming to test the several properties and to erect a reduction plant should it be warranted the new company will receive the support of local business men although since the first issue of stock has been fully subscribed bed no effort will be made to interest local capital residents of ely know that money has been ca carefully irefully and intelligently spent on both the boston ely and smokey development properties as evidenced by the stock of each company which have always maintained a fair price during times of depression the boston ely stock has advanced to 16 yz and having such a good deputa tion with eastern brokers it was decided to adopt the present name the above enterprise will put new life in the district with the activity prevailing in other parts of the state ely should re ceide its share this new consolidation is the first sign of new mining activity ely has had for several years and the record joins with the people of ely in wishing the new company every success the stock will be listed on the new york curb and offers a good opportunity to local people to become interested in a worthy enterprise ter prise which means much for the future of the camp the record is informed that mr air williams has interested one of the most successful mining syndicates in the united states for the exploiting of the several properties mentioned in a later issue we hope to furnish the personnel of the company |