Bisbee daily review., 1906-07-12
GREENE CONSOLIDATED PRODUCTION FELL OFF
 IN MONTH 0F JUNE
3.600,000 Pounds Figure fol Last Month on Account of
 Labor Disturbance,


 Boston-The decline in Greene con- pary stock this week was influenced by falling off of about 1.500.0e0 pounds of copper production in June to 3.600,000 pounds, due to the Can .anea riots.
 A report On the New York curb that a large loan secured by Green Copper was maturing and that the borrower vas experiencing difficulty in secur- ing it's renewal helped the decline. The report lacked confirmation.
 "Jakey" Field is said to be the head of bear pool in Greene Copper shares and many of the bearish ru- mors regarding the property have been traced to this source.
 A Boston direcIo: of the company says: 50 far as the property or the financial condition of the company is concerned there is no reason for any decline in the company's shares, ex- cept the falling off in the June p-o- auction due to causes over which Ihe company had no control. Appar- Eertly bear party in New York is en- sleavoring to frignten stockholders into selling their stock.
 eff Colonel Greene had devoted all his energies to the Copper company and had not embarked in the Greene sGold-Silver and Greene Consolidated Gold companies I think the Copper company would have fared better. An effort is being made to strengthen the local management of the Greene Con- soIidated Copper company at Cana nea."
 Col William c. Greene wires Messrs. Hayden, Stone & Co. from rCananea that rumors regarding resig- nations of various people connected with the mines are untrue, with the .one exception that Mir. Dwight, at whom a great deal of the animosity in the recent disturbances was directed, 2ias resigned, and his placed has been filled by MT. Cole, who has for the past three years been manager of the concentrating department. MT. Evans of the traffic department has been made manager of the lumber de- pertinent, succeeding Mir. Melcalf, who was Killed during the riots.
 Col. Greene further adds that quiet is now entirely restored but that la : bor is still very scarce, as many EreH left camp during the trouble. Col Greene adds that the mines are look ing very well, and sees no reason why the net profits for July should not again be nearly normal.
 The Boston Financial News says:
 ~s1nsiders state that the company will be enabled to make up the amount lost in the month of June so that the dividend rate will be unaf' fected According to public opinion Greene would be in a much stronger position if a reduction was made in the dividend rate, and we believe that the price of the shares would not greatly recede under such a proce SIure We have every faith in the in aegrity of this giant enterprise and ID zfhe ability of the management and its good intentions. But there is no gain saying that there is a large and grow ing coterie of conservative men who are bearish on Greene Consolidated from the very reason that the full de gelopment of the property will stil require the expenditure of enormous sums Of money, and that the question eof funds for expansion and develop imei is an ever present one at Cana Dea- Hence it IS argued by those whC are 5earish that the part Of wisdom would be to conserve the energies o the company by turning them into tn, >crmpany's treasury for the purposes aiove stated, which would be a bui poini in the future of the property. is certainly not healthy sign whel a stock that is paying it's holders | per cent per annum yields as readil, to pressure as Greene has done, am We believe that the market position o the shares would be bettered 1T tn rate were reduced to say per cent pc aLnum on the par value and the res of the earnings turned into a sinkin find"