Let's do out the math on this... A subway tunnel might have a diameter of about 6 meters, so cross section = 3 * 3 * pi = 28 square meters. Digging subway tunnel through rock costs about $100M per kilometer. On the one hand, these holes would be vertical, which is harder than horizontal; on the other hand, they wouldn't need ventilation and train tracks and stuff. Let's handwave and say it's $100M for a 1 km deep hol…
For one type [0], the safe limit is a tensile load of about 134-150 MN/m^2 (= MPa) [1]. At a density of 8 g/cm^3, the limiting length of a uniform cable is ~1.7 - 1.9 kilometers. If you have a stationary, suspended cable of this length, its own weight puts it at its maximum load; it can't lift anything else.
Steel rope on McMaster is around $10,000/ton [of rope]. So, these assumptions are a dead end.
You can't solve this by using shorter cables, because that decreases your energy capacity at the same rate. If you use cables of 1/10th the length (~100 m), you get only 1/10th the potential energy storage per ton. The cable thickness per lifted ton is constant.
[0] http://www.engineeringtoolbox.com/wire-rope-strength-d_1518....
[1] The breaking limit of rope is far higher (~700 MPa), and the breaking limit of a single wire strand -- the tensile strength -- is higher still (1,770 MPa according to [2])
For the cross section area, I'm assuming a circular rope (not accurate).
[2] http://www.gabaswire.com/en/overview/grades-of-wire-rope.htm...