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Show ELY CENTRAL WILL KIOKI TIME Slight Delay Afforded Before Final Hearing Will Be Given All Sides. Several days' grace has been allowed the Ely Central Copper company, tho court having delayed tho various hearings hear-ings which were scheduled for argument on June 10. Thcro nrc two main Issues before the courts at Ely, (he first being be-ing the petition of tho reorganisation committee for tho discharge of tho receiver, re-ceiver, the o'thcr being the petition of the receiver for an order to soli (the property to meet tho obligations. It it? expected thai these matters will be threshed out within the nexi ten days or (wo weeks. Reports from Ely have It that, the price expected for the property by the receiver, about $150,000, Avould lcavo a few cents a share to bo given the shareholders. share-holders. There recently have been some Important, additions to tho reorganization commutes Interests, the Ely Expositor stating that Richard A. Rlopc. the owner of about IG.000 shares, has decided to join the committee In. tho endeavor to save the property for tho stockholders. This committee Is understood to havo sufficient funds on hand to meet all the obligations, which, If true, will bo a powerful argument for this side of the present entangled company affairs. |