Show ti lu ALL LOOKS bi g g U GOD 0 fun ft 12 T 0 0 ll 11 LE I 1 M miff AT P R IR T yi IN ELY AND ie TO 0 BE E SHIPPED TO 0 0 JS J aj 0 V E P 0 0 A N YS owa ROAD bem ta tho the telegraphic information sent out from now nc york recently con coll cc cornin riun tile the report submitted by b the Giri giitl lix Con iohd itce company its annual nice nicotine ting held ill in lint dunt duluth luth on that date was ia to the ganci ri public and is dou doubtless otless ible for the slump chidi occurred in tile iho stock the rel lop nt rt tn a sent out from new york shaved that tile the com pally had tons of steam shovel oro ore proven cent ain ing lbs ibs of f co copper p per and in ill gold old wu ellid silver Vilu alum oi tho the report bellowed the abet gw go of this oro ore to ic he 1 ac percent copper nut but this thi s does idies not include tile the 10 lo direct smelting smelling sm elting ores of tiro the alpha workings working 3 front from lyt lich C h I 1 mthr ter th alian ai 12 per cent copper ind and 50 kents por per ton toil in ili gall gilld and alid silver no esti mate has over been made fiade of the tonn tonnage age of the alpha property but the fact that the now new mail during dm ins the past two year oan I 1 lia spent more thin than th in Sl ill in cini tile for prodie tion is ii surely finely an indication of the alao placed upon uon it by cole who ho has always vl that it was na the comp companas anys chief asset in ral L to the report as vired from no nc york it is known I 1 that the connaly lias has moio than tons of sulphide t le ore oie de to ill its brooks and morris lorns Oi ings kings aver agim 11 2 2 percent pei cent copper aich figured at 40 pounds to ito the ton will ill yield pounds of copper aich at it scent 4 cent per pound p aund net will ill baing t in in t the be sum of 1 in addition to this there is said to have ha c been developed do eloped in other portions of tile the pro pio 3 5 tons of 0 per cobit sulphide ore yielding pounds of coppee at 4 1 cents per pound net this gouid bould add S 1080 to the colip company anys treasury the rhe gold and silver contained in the above aboc join vigo would a add dd at least or I 1 it a total of than tho the next from tile the ore bedl bodies ic s as demonstrated by churn drilling 0 is iq placed in the report at to which can bo be added the as shown above abo 0 o making dakill 0 0 i grand n rand total of pr practically aati c ally ass assured tired the stockholders in tile tho efly v ny of dividends to say bay noth nothing in 0 of tho profits which will accrue from the workings C s of the alpha winch which is conceded by all engineers 11 to be the largest and best grado grade of ore developed in the ely district till the statement that thy tho company lias bas it in its tre treasury asairy and will soon commence the ship shipping pini of avs or from thu tho alpha aninos i to tha tobol le smelter treatment is an all assurance that eliat tile company gin parly will 1 siave have no financial dif 1 faculty in tho the future aben whan leip chip ilieff aro ill io be within a few weeks all the 0 corn com pany will have an all income of 1500 per car frum its alpha ores and from its present equipment anti anil do development it will soon boon be in 19 shape 11 apo to ship ill many carloads of this class of ore per da day and in ill addition to the above the groux giroux company owns a controlling interest inthe in the butte and ely property lying immediately ivest of tho the liberty pit of the nevada consolidated company and ex extend tend 1 im ing westward to the lines of the arit original inal giroux company it is most f favorably adorably avor ably located and much i i lias has been tone done by its neighbors neigh bora to prove Us its probable value nevada a consolidated lias has a big open steam shovel copper pit no near r one end of tile the 13 att 1 k el alm w 11 p 1 company lias liag put down drill hot holes e s that t I 1 ua showed copper ore of very high grade being similar in ill quality aliby a anil 11 d appearance to those being developed by thc jhc alpha shaft of tho giroux ampa ly i hime of ta last holec V were arc atit down domi in ill the limestone i prove the one of the lime was cil cal with nith that eliat of tile the BUL basin and should hould I 1 be le productive ol 01 of copp copper of af good value the boring bolings 9 proved this tu to be true anti and the ton conlin coming lin spring 11 the luring work v ork will bor be resumed c butte ely 17 av lies 13 water rights righta that arc aio very valuable and it is probable pio bable that these may be utilized by the file giroux girou CoIll company pally I 1 and it also has a quarter million dollars in its treasury sury available for further development develop merit and v equipment there are also limestone ic possibilities biliti bili ties cs in ill connection wit with tile the giroux proper property tv which may of themselves develop Icv cp inlo tremendous bodies of le ores tile the giroux property 11 has ts been developed it slowly undo if th 0 new nit management q n which was duo to tho fact was first fecs sary but as till has bc been n completed an era cra of more rapid develop mn matmay ir nt may bo be expected fily elly record I 1 I 1 |