Bisbee daily review., 1904-02-03
Meeting Called
 OF THE
 Greene Company 90. IT a-. q -s .-~ ,--,s.-, TO OCCUR FEBRUARY. ,o lN
 NEW YORK CITY. :f-i
To Authorize an increase in the Capital Stock-WiH Be Underxrit- ten by an Entirely New Scyndi- cate of stockhciders-The Fourth Copper Producer in the World.

Presiden; ". C. Greene, Of the
 Grsene Consolidated announces that a meeting of stockholders of Greene Consolidated Copper company has
 been called for February 10, to au-
 thorize an increase in the capital stock from s7;200.000 to sS.6f0, 900. an increase of 20 per cent. .. @
 These 144.0o0 shares of new stock will be offered stockholders at par. SI0 per share. The proceeds will af- ford the company capital with which
 to pay all maturing obligations. con- r plete is concentrating plant, and af- ford additional working capital. The new stock issue will be underwritten by a syndicate composed altogether of stockholders of he company. The new concentrating plant will have a
 capacity Of trea.ing from 5000 to g. 800 tons Of ore per day, or a capacity for turning cut more than 6,000.000 pounds Of refined copper monthly. President Greene. in his circular to stockholders respecting the new is sue of stock. says:
 As greater depth was attained. it developed that the ore bodies carried la larger amount of silicious ores with depth than had been the case nearer the surface and during the present |year. it was found advisable to in crease the concentrating plant so as to enable the concen 1raticn of from |20o0 to 2400 tons of siiicious ore per
 day, thereby efecting very large saving in the reduction of the cres.
 The company has bought and paid for 4S6,000 acres of timber lands. rail road for transportation Of coal coke and ores to the smel.ers. stores. bank. ice plant. electric light plant etc. The production of the plant is now and will continue. at the present market price of copper. to be a. least from
 $500 900 to s70o.oO per n,cuth
 Your property ranks as the fourth copper producer of the world. win the largest bodies of copper ore known. The very magnitude Of the com pany's property and the extent of its .opera- lions Involve a very much greater ex- |penditure in all branches than was previously contemplated. From f5.- 0Oo, 900 to 20,oo0.000 pounds of copper are continuously in transit and in pro cess of refining and delivery. To in- sure against coal strikes. fuel or an Approximate value of s500,000 should be constantly carried in stock. Larg- Ter stocks of materials and supplies of |all kinds are needed and the want of "a larger available working capital is Ievident.
 The difference between sS,S39,194, tctal liabilities. and s15.0s2, ,977. total assets, represents the net profits 10 the company from all s66fces includ- ing earnings on production. premiums. stock bonuses, etc, since the company has been in operation. the larger DOT tion of the net earnings of the compa- ny having been reinvested in the bet |terments of its plan.. In addition, 1852. 900 have been paid in diyi6end during that period.
 No enlargement of the plant is con and the policy Of the compa my is to complete Improvements now under way in every branch of the con- pany's business"