Show I GROUX CON STOCK soc HELD fiELD AT 25 fO fOR ELY LY MERGER MERCER DEAL Local Interests will wi be pleased to learn of the excellent position of Giroux Consolidated Con Consolidated Con which has been spoken of li In Inn n connection n of t all r t the with I 11 Ely the tho producing proposed mining I consolida consolida- f prop prop- ertie ertes The News Bureau says the thc Cole Cole- Ryan interests Interest together with the family hold absolute control of the Gi Giroux Giroux Gi- Gi G- G Groux roux Consolidated Mines nes company and andas andas andas as these two to Interests are aro closely allied aled It would be ba impossible for the helms heims or any other interest to acquire control except from them In merger negotiations John D. D Ryan Han is understood to have placed a value o of 25 per share hare on his Giroux stock ant and at this figure he lie says sas and no less will wil wi the e property go into a merger e It Is no noat not at all unlikely fl however e e that W with hISh harmony bar har mony restored between e the Guggenheim g I dY dYA and A Amalgamated a i agreements r c may V entered into whereby the entire entre Ely camp may be worked as a unit and possibly In conjunction with tho the Utah properties On Tuesday of this week the tho Giroux's new Alpha shaft which Is down 1000 feet was connected While no official figures have been Issued showing average assays from this part pat of the property Thomas F. F Cole has stated to some ome of his friends that the ore averages 10 per cent copper The personal Investment of Mr r. r Cole Colen ColeIn ColeIn In n Giroux Is a large largo one and compares favorably with those of ot any other copper coppe company In which ho Is Interested Giroux Girou will wi probably not enter the producing pro pro- ranks for some time Although It i has a ton smelter and a ton tor ton 60 mill mi no copper is bein being produced an annone and none will wi be until a ton 1000 plant has been erected created |