Bisbee daily review., 1904-12-18
INCREASE IS THE PLAN AT
 CANANEA
cANANEA OUTPUT BREAKS THE
 RECORD.
Mare Copper Produced in cananea Last Month Than Ever Before.

The promises of it's officials, and ,Le predictions of those familiar with me resources and capabilities of the Cananea Consolidated Copper coin pany, have been realized in the output u- copper for November, which reach a the grand total of COOS. TIP pounds. This excels all previous monthly rec crls. the next highest production be- :rg in October, when about 2000 tons We're produced. Steadily the output has been increased each month-since last May the gain has been nearly 500 ,ons-but it was hardly expected that the six million mark would be reached before the expiration of this year. Phe history of this gigantic enterprise, the Cananea Consolidated Copper compa- ny. is so familiar 10 all that it is idle 10 go into details anc trace the succes- slve bounds by which it has leaped from a copper prospect in 1899, a pro- ducer of 100000 pounds per month 1902, to the third producing, and, itI now seems almost certain, the greatest copper producing property in the world, practically supporting & thriv- ing town Of 15,000 inhabitants, all within the short space of five years. T. is truly wonderful record, and has never been equaled.
 With the discovery of the precious metals, gold and silver, many mining camps have had a mushroom growth some to become permanent cities. oth- ers to fall into decay almost as rapid ly as they sprang into existence; but with the red metal it has been differ ent. Rotations of copper properties have usually required months and years. and the development of them has. ordinarily, been slow and conserv- ative. The growth Of the Cananea Consolidated Copper company has been with the rapidity and the stabili- ty Of the second; the ten millions of collars invested within less than five years and reaping handsome returns bear evidence of this. The period of capital expenditures is now practically over, ,~azd the company with iis mex i1austibie mines and plant modern and up-tc-date in every respect. will. in The future, more than fulfill every promise and every expectation to its promoters and owners.
 Within less than six months. after suffering the onslaughts of some of the powers of Wall street, the shares have increased in value 50 per cent. And the next six months will doubtless see a yet more remarkable increase, for the conditions certainly justify it. The present cost of refined copper laid down iu New York is less than ten cents per pound. If we take as the selling price fifteen cents, and every ten6ency is that 1t will continue more than that. and use as the average monthly production 6,OOOO 600 pounds a figure that can easily be maintain edit shows a net profit of s3O0,0O0 month and s3.6OO. GOO annually, or near " 42 per cent on the capitalization of SS.64OOOO
 Allowing most liberally for the bet te1ment expenditures necessary to. keep the plant up to the highest state of efficiency, there are more than am pie funds left for the company to maintain it's present dividends. If copper were to receCe to the old price of thirteen cents. which experts agree is not at all probable. the company would stll be an excellent dividend payer
 One of them ost encouraging feat ures of last months production is that it was not the result of excessive ener- gy on certain days. The average dai- ly output of one hundred tons was maintained, with very little variation. every day during the month. It was just a steady, normal production Cananea Herald.