The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1903-05-28
GREENE CONSOLIDATED COPPER oo

| lIOll tie pHH DVEGf /OHiVU( OF May
25rd. 1t will no doubt be of inter
est to many of our readers.
Within the three months the abb
normal construction expenditures of
the Greene Consolidat. ID Co. should
be completed, and of course a larger
portion of the net earnings made
available for distribution to stock
holders.
The Greene Co. is treating to day
close to 900 tons of ore per day,
and producing il excess of 4, 900, =
900 pounds Of copper per month.
The company is sold ahead to the
end of June and is receiving through
the United Metals Selling Co., its
selling agent, as high as 1885 cents
per pound for its product.
An official of the company says {:
"The Greene Co. started on its
career as active producer of copper
i'll July, 1909, and to the end of
March had sold over 200, 900
pounds of copper. This copper is
equal i'll quality to the best copper
produced in this country, as is evi-
denced by the high price which it
commands in the market.
"Our costs are being reduced
every month. At present we are
charging into the expense account
all our construction work, which is
considerable item in an enterprise
of such magnitude. Notwithstand-
ing all these heavy construction and
betterment expenditures, we are
making over SI75 900 net per month,
while our gross proceeds are in ex-
cess Of 5000 900 per month really
not bad showing for young
properly.
Work was started on the mines
about four years ago, and we have
expended on the property during
this period above IS, 900, 900. Our
water works will cost in the neigh
borhood of $500, 900, but will pay
for itself inside of two years when
once it is completed.
1--WE have been charged with be-
ing eXtravagant. In answer, l can
only say that we have built for the
future, we have bought the best
material, and the best and most ex-
pensive is generally found in the
end to be the most economical.
Eastern people have little concep-
ton of the enormity OF the Greene
enterprise, and charges of extrava-
gance are not made by those having
true knowledge of the conditions
as they exist.
1--WE have proved our properties
to depth Of I,Ioo feet, and the
question of ore reserves gives us no
concern whatever. They are so vast
that any statement concerning them
would be useless as the public would
consider it gross eXaggeration.
"In general way it may be said
that our ores average about IL per
cent, copper. We do not attempt
to treat ores containing less than S
per cent. copper.
We have made the assertion and
intend to demonstrate our ability to
back it up, that we can make our
copper, crediting the gold and silver
values to the cost of production, for
5 cents per pound. Our cost to day
is about cents, but there are many
ways of reducing this cost when all
our machinery is complete and we
are operating to the full capacity Of
the plant.
Calumet & Hecla rock runs
understand, about IS to so pounds
Of copper per ton. Some conception
OF the Greene property may be had
when / say that our recovery last
month was over $50 pounds of cop
per per ton of ore, as we treated
about "a, 900 tons of ore which |
yielded over 1000, 900 pounds of
copper.
Much of Our copper is sold in
Germany. and there is an urgent |
demand for every pound that we
can put on the market.
"We are increasing our financial |
and physical strength every day. |
The 72o, 900 shares of our stock are
owned to day by over 3, 900 separate
stockholders.
"The Greene property, its man
agement and its methods have been
criticised, but we shall demonstrate
by actual results the wisdom of our
actions and Our right to be consider
ed most important factor in the
copper industry"
NASAL CATARRH quickly yields to treat.
ment by Ely's Cream Balm, which is agree.
ably aromatic. 1t is received through the
nostris, cleanses and heals the whole sur.
face over which it diifuses itself. A rem
edy for Nasal Catarrh which is drying or
exciting to the diseased membrane should