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Show LAKE TO ISSUE RESTOFSTOCK Company Prefers Selling Unissued Un-issued Treasury Stock to Levying an Assessment. MORE READY CASH TO BK PROVIDED New Management Confident of Making Mine, but This Takes Time. It was reported from the east on Sal-lirday Sal-lirday that the Lake company was contemplating con-templating the Issuance of the remaining treasury stock to shareholders pro rata, j the subscription price to be 336 tier share This will call for tho Issuing of 13.400 shares of stock, brlngtns In $409,000 casta for development and equipment equip-ment purposes. The Lake company was one of the fea- 1 turns oi' tho copper share markets at the Close of la03 and the beginning of 1010. j Tho stock rose from a few dollars per I sliare to JIH.'.'S on January L'3. 1310. , Which was tho hich point. Many big foi -tunca w re pulled down by several who were fortunate enough to be on the company's com-pany's books at that time. The market value of the stock, however, was a bit contusing. The capitalization of the company is only 100,000 shares of stock. I par value 5Jo each. .o ut IDS a share tin re was n valuation of only $;.6O0.000 placed on the property. At the present tlmo there are only st.6oo shares out-andlng, out-andlng, on which a shine has been paid In. The shaft of the Luke is now close to (ho eighth level, the drift on the seventh level lias nil (h- od. 'while a good tonnage la being developed on the upper le-.eis of thr mine. Preeldenl Paine luts Issued a statement, in which he Bays: e have a great deal yet t" do, and al prasept wo aare prevented frora making mak-ing more rapid progress by rca.-.in n' in-Biifflclenl in-Biifflclenl drill capacity. Wo are n..tv working eleven drills, and our nett Dfl-drlll Dfl-drlll compressor vvin probably not b.-working b.-working regularly until next Jturuery The ipreasor building is being roofed In, but ail the machinery will probably no! be in place until at'r the first ot the year. OI course, wr cannot drive .-il.ni- ut I'nru ran 1.1 ...ii ..III, I eleven drills, a:, ut present. "Stockholders must not be too impa-teiit impa-teiit for immediate results. The. element "I time i;-, a vers- Important factor In the ' I creation of any mine. Shareholders, however, may vest content thai we will push the opening work as rapidly a.-? possible pos-sible wlib the material al hand. Questioned regarding the Importance of - inl ine the lode in the seventh l el eroaadut, Mr Pain0 stated that ihe lode waa cut ai this iiomt last Tuesday, viii! lie was ,vt the property, and hi did nol consider h of sufficient Importance to wire tii Information east. It is very apparent, however, that the new manage merit of the Lake company le confidant that the property possesses promising possibilities 11 sufficient time is given bu demonstrate them. flew York Mining iitocks. .ram"-; a. Pollock- & .., bankers brokers, furnish the following, received over their private who yesterday afternoon after-noon : NKW YORK LISTED 8TOCICB. r gaJee gj i- I'-ise Goldfleld vmib I st iTj 75 Nevada Cons I xiti 32 Tonnessee 'opper ..I 8,000 881 86 88 Utah Copper 2,900 51j B0 N EW YORK iMTRH KANGK. I Salen.j if. I U jCIae l u'i Natl. Copper, . 1 4 Tu V" Prp-oux I 'oi! l.noo 8 Ti 78 Inspiration Obpper . l.ooo ;ij ;i r4 Miami Copper 800 L'n 20 SO Nevada Utah 8,000 i ij 1 4 Ray ("eniral 600 11 IJ 11 Ray Com L800 211 201 ri Yukon Cold 1,100 .15 Chlno Copper 1,600 22 21 Ohio Copper roo II ij 11 New Keystone 81 vi :: v Suiiii Dtah l it i I--s hi alley in J11 Bradcn Copper 4i 4 .1 Ely Central 20 i: bo i-'.ly Cons jo -7 w 'a ROBC JOOl 4j tj j N1SW YORK CITRR CLOSH. t I Bid, lAsked. Chlno $jt sT.'.isr.rnT Davl Paly 2.00. 2.061 Efly 1 lentral . . , 10 ",20 Ely Consolidated '..'7 !;;o First National Copper ..- " 50 g'oo Glroux Consolidated T.!'.'i 8.00 Inspiration t'.'.o !'..'.'. Yukon Cold -:.m) 896 Miami l: S7 LlPno i N'-vada CJtab i ::o i . :7i I Now Keystone, " 121 ' Nlnfaslng It. 121 11871 Ohio Copper 1.76 1.871 Ray Ceh I i-.i i 1.45 i ,;,c Kay Consolidated Lo.S7i 2l!l21 La . Rose . $6 .( South Utah , 1 .iil'J i ,871 British ' oi Coppor 7 121 7 26 Bay State Cas gjjj 75 Braden 4.011 4!n,-,j Cobalt Central 00 061 Kl Kayo 3.:T, g 76 Klnir Ivlw.ud .(f, 'j-.'i, Mas n Valley io.nn in 1 si McKinley-Darragta 1.20 1 25 M ntgomery Shoshone .... .10 .13 Nevada Smelter 26 I .TiO silver Queen ok i .11 i Intarlo 2.26 8.121 Alice t 2,00 l .06" Sioux 1 lonsolldated .80 Colored! .3-j .:4 Iron Bioaaom .73 .70 (Virlso 20 Nevada Hills i 45 2.60 ' |