Bisbee daily review., 1906-01-14
STRONG POSITION OF
 GREENE CONSOLIDATED
Although Present Market Price is Less Than a
 Year Ago

The question has ben often asked of late why Greene Consolidated Cop Der stock is the only copper stock Of known merit selling below it's highest December price of 1904, says the News Bureau
 A year s,go Greene Consolidated company shares sold at 34 1-2, the highest recorded price.
 At that time the stock had just been placed upon dividend basis of $40 1 per share per annum, the metal was selling at 15 1cents per pound, and the Greene Company was producink from 50.OG0.N00 to 6O.OG0.0O0 pounds per nonth, as it is now. and was showing earnings for it's stock at the rate Of about s3.50 per share per annum.
 Now the Greene Company is caring
 at the rate of s5 per share and for d
 year 1t has maintained regular divi- ldends of 40 cents per share every two months. It's product has been main i rained, and during the year vast sums of money have gone into the proper ty with the idea of reducing eperat- ling costs.
 | The Greene Company Is now receiy- ing better than IS cents for it's copper { Git last week sold the balance of it's De [ cenaber production, 2,30o,0o0 pounds,
 at 1898 cents.}
 Yet in the face of these -fayorabIa
 factors, the SG4.000 shares of stock in
 the Greene Company have today a
 market value of s26,7S4,000 as eompar-
 ed with a market value of $29, ,Sf2 ,000
 a year ago.
 The reason for this condition is that l, year ago President W. c. Greene was the owner of 250,O00 shares Of the ]; Greene Consolidated Copper Company. About a year ago the Greene Con. , per Company struck the famous Mas . sey ore body and the underground developments of the company were
 such that Colonel Greene, unsuspect- |, ing such market raids IS that of i Lawson's. bought heavily of the stocIs 1, mp to 34, and attempted to sustain the stock at 34, to protect what he haa T purchased and was carrying in loans and on margin in brokers offices.
 When he could buy no more the ; market was cut from under him by the Lawson drive and the price of the shares slumped within a half hour to 7 below s20 per share. Today Colonel Greene is the owner ! of no more than 5O,000 shares of l Greene stock and it has taken a year to distribute the 200 0000 shares which : he lost as a result of the Lawson raid. The people who relieved Col . Greene of his stock took it at good deal lower that s30 per share, and r they have been steadily disposing Of 1, | it as the market would take it. Other events have at times interfered with ! Jhe market and checked speculation, r notably the attack upon Col. Greene r in connection with the Greene Gold , Company, all of which has delayed the marketing of the stock taken over a year ago. , This stock distribution, however, is
 now practically over. Instead of 300O stockholders, as a year ago there are
 nearly $500 stockholders, which shows how well the shares have been dis tributed.
 For the year 1905 the Greene Com PoHy VIII nave pEOuuCed dUOul oo,OOo- coo pounds of copper, at a cost includ- ing construction and also depreciation : charges of every character, of II cenrs per pound. The company will receive an average of about 16 cents pee : pound for it's copper. which would in Gicate earnings for the Greene Com } pany in 1905 of g, ,250.00o out of which
 s2,073,0 ,006 has been paid to the stock holders in the shape of dividends and , S1 ,177, 900 has gone to surplus. | At the present time the Greene Com : lpany is earning more than twice its dividends and adding s250000 per . month to it's surplus. This surplus i should now aggregate about s2.25o.- !, GOO. Three months more of present earnings will give the Greene Compa. ny working surplus Of S3.60o,000 and there should then come hefore the df-
 rectors the question of permitting
 stockholders 10 participate in the i'm. proved position of the company by the declaration of enlarged CT extra diFi-
 dends.
  Chrie+isr, CY7ureh-cervicas Sunday