Bisbee daily review., 1904-06-21
New York. June l4th. is

New York. June 14th. 1904. To the Stockholders of the Greene
 Consolidated Copper Company:
 The bullion produced from your mines puring the month of May was 5,4el .6S4 lbs. containing 5.i15.000 lbs. of electrolytic copper, 5i,I2S ozs. of silver, and 345. 44-l00 ozs of gold.
 Upon my leaving the mines. June 7th. extra half jackets were being placed upon furnace No. z, which, il was expected. would be completed and the smelter go into commission about June 12th.
 The erection of furnace No. is pro gressing and this stack should go into commission about August lst.
 We are also installing the sixth stand of converteN in the converting plant, the shells for which have been on hand for the last twelve months but which have not yet been set up. The five stands of converters now in operation have a capacity of turning out 6,000,000 lbs. of blister copper per month and it was thought best to hay e an extra stand in readiness in case Of an accident which might temporarily put out of commission one of the stands.
 Extra half jackets have been added to two other stacks during the past sixty days, which has had the effect of increasing the capacity Of each furnace so equipped from fifty to six ty tons per day without any increase in the labor expense.
 Our cost sheets for April show Q re duction in operating expenses for the month of April, as compared with the average of the preceding six months, of SLIP per ton on ore and flux mined. of 6c per ton on cost of ore hauling. of 24.2c per ton on cost Of concentrating. of s1045 per ton on ore and concentrates smelted, and of s4424 per ton on bullion converted. Futrehr reductions in operating ex- penses are continually being made as various improvements and repairs under way are completed.
 At the mines the usual amount of development work is being done, sink ing is progressing on shaft No. 10 of the Capote, the bottom of the shaft still being in hard quartZite. Con- nection with the shafts .-ioai sifaro nection with shaft 10 and winze or the lower level of the Capote should be made about the 10th of July.
 Development has progressed rapid ly on the body of ore encountered in 164 and this body of ore is now opened in length of the strike 326 feet. showing a width of about 1S0 feet. We have also connected with this ore body from drift in the Over sight and have connected the two lev els with uprises so that upon connec- ton being made with the 3 compart- ment winze now being sunk to con meet Capote drift No. with Veta Grande drift No. g. this section of the mine will be in shape to furnish large tonnage of good grade of ore. A large tonnage of ore is already blocked out in this lens and the faces northwest and southeast are still In fine grade or ore. This ore body ls upon the hanging wall and appears to be entirely distinct and to have no connection with the Oversight ore body.
 The high line of the narrow gauge road to connect with the new ore pms at the mouth of No. g. Veta tunnel has been completed and the 10 tor electric cars for tramming ore from the Ceta and Oversight are on the ground.
 The installation of the system oi electric tramming, instead of by hand as at present practiced, will effect