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Show 1 IUEVADA HILLS IN I THEJME VEIN mm New Discovery the Logical H Explanation of Stock Ac-82 Ac-82 tion on Monday. H GIVES MUCH FINE ORE H Previous Market Weakness of H Issue Blamed on Selling" H Big Inside Block. The rather endden advance in the No-vada No-vada Hllle issue in the eaut on Monday Is taken for granted to he due to the S striking: of the old Eagle vein In the crosscut from the 4500-foot level of the HP , new Nevada Hills shaft. 11 will he rc-H rc-H called that the recent annual report of this organization, which wn dated March 31, had this crosscut out a dis-H dis-H tanco of 727 fcot from the shaft, and HI that another 160 feet of driving would H bring the face to the vein. Four or five HS days ago one prominent 'official of the company predicted that on Monday or Tuesday the vein would be found. Hence, the conclusion locally that this happy Hj development has hcen reflected In the Hb market notion of the stock. Be Originally a Feature. Bj In the early dayg of "the Falrview dis- it-let the TCagle vein shared the honors with the original discovery on tho JCc-vada JCc-vada Hills property. Unlike the latter, however, the Eagle vein, while large, rarrled too low a grade of ore to admit Hi nf the same being- marketed. There wis HH . Ion? haul from FalrvJew to the Soutb-I Soutb-I rn Pacific tracks at ITazcn, the rail- B road not being built to Fallon at that lime. The Jiagle company shipped a : few cars of ore. but after doing a con-Hjl con-Hjl slderable amount of development the n company ceased operating-, the property a? remaining practically untouched until HI rhe merger with the Nevada Hills com- Ujm pany. The ore for twenty to thirty feet in width averaged hotter than $25 per ' The discovery of this Eagle ore will Ht operate to still further stimulate the In-Wm In-Wm lerest in the Nevada Hills proposition, mUR while t will bring to light a fine ton-page ton-page for the mill. Tt will be when tills n ore is helping the Nevada Hills company accumulate its dividend material that the HJ wisdom of the consolidation between the Ht two proplstlons will be apparent. Ht There has been a considerable amount Hj of inquiry of late In regard to the mar-ket mar-ket weakness of this Issue prior to the movement upward yesterday. Some of H- the reports were based upon a supposed-ly supposed-ly adverse Jiimual report which then was in course of compilation. But this re-port, re-port, when Issued, was more than fa-vorably fa-vorably received by everyone connected H, with the organization, for it marked the Hh. end of the expensive dead development and equipment period and t he beginning H! successful operations at mine and Large Selling Order, HH It seems now that there was a sub- Mfc st'intinl block of the stuck thrown upon I the market by one of the former large h shareholders, his order being at the mar-kt. mar-kt. Such a proceeding1 whh bound to Bk have an adverse effect, but now that Jh Ibis big block has been removed from HH its former strong- box to one of stronger HH r.onstmcllon. the markeL will be relieved Uj of carrying that much dead weight. HH' Everything points to the happy fact Hi that the Utah shareholder of the Ne-HH Ne-HH vada Hills company, who have held on duriuc the alternate thick and thin periods for the past two or three years, Hffl arc to recelvo their Inning at last, for l.l(o company's officials have paved the way for smooth sailing from now on. |