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Newspaper
Eureka Sentinel
Location
Eureka, Nevada, United States of America
Date
Jul 09, 1921
Page
2
In New York on July 4 Nevada and Utah mining stocks lead activity as the old curb brokers refuse to move to the Trinity Place building. The outside curb remains busy trading Far Western issues, claiming the market is the city’s only free one.
A 3000 horsepower steam powered mine hoist at Hancock Michigan is described as the world’s largest. It handles a ten ton cage in about four minutes with a maximum cable speed of 3200 feet per minute. The double ended cone drum measures thirty feet by sixteen feet with a total weight near 1.765 million pounds including condensers.
The National City Bank of New York notes June activity was quiet with some hopeful signs. Recovery remains slow and uneven, taxable optimism should be tempered, though the banking system is sound and production capacity remains strong for domestic use and export. A tropical fever case in Elko linked to Idaho and fish handling is reported as a rare occurrence with no epidemic risk.
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