Bisbee daily review., 1906-03-11

will have the confidence and co-opera ] tion of the Amalgamated and North Butte companies in all their plans and undertakings. It is therefore certain that Butte Coalition stock will prove attractive both as an investment and | a speculation. The company will pay | dividends almost from the start, put the rate of dividends is yet to be de ternined. On any reaction from cur rem prices this stock should be pur- Ch"St d.
 ShacACn new converter went iI.,o | commission last week. From now on the e CtmpaDy will reduce it's own ma. tO block copper ready for the refIncrr crelCiore this service has been per formed for the Shannon by the Ari- z"na Copper company. To take fu.l ! aC N&Ltage of this saving in operJ .vg expo ses, the Shannon accumul ted half a million pounds of coppe: in matte, and this will now be converted immediately and sold.
 Frank Ii. Probert, mining engineer of national reputation, is now making an examination of the Shannon prop erty. It is stated that he will report to the cOmpany's directors.
 | Granby COnsolidated's stocks is in
 an extremely strong position. un derstand that approximately 00,0OO shares have been purchased for for. l eign accounts and the stock shipped
 abroad during the past few months 1 The company is producing at the rate Of 23O00,0 to 24,000, 900 pounds oi copper annually at a cost of Is to 3-S cents per pound and earning i between $1.60 and S1.75 per share an
 nually on the present copper markets
 The management of the company IS energetic and progressive and operat | ing costs are being steadily reduced 1 IL seems to be the policy of the company to keep a close watch on 1 mining developments in the vicinity of it's mines and to purchase additional properties whenever conditions war
 rant such action; and as wise judg ment seems to prevail in the selection ! of new investments, there is every
 prospect that the Granby will ulti,
 mately be one of the worlds great cop
 per producers.
 i Since it's organization the Granby company has paid two dividends, one of 10 cents per share in December, i 1903, and one of 30 cents per share in : January of this year. It is believed
 to be the intention of the management 10 pay quartedly dividends in the flu ture.
 1 As stated some time ago, the Gran { by company has asked legislative per
 mission to change the par value of its
 stock from $10 to s100, and to issue
 shares now outstanding. This would
 reduce its issued share capital to 135, 900 shares, and on such a capitaliza- ton the company could probably earn and pay S15 on an 18-cent copper mar
 ket, or s7 per share on a 13-cent cop
 per market Such dividends would
 probably cause the stock to sell al
 from $125 to s175 per share. Event Cally the company will increase Its
 production very largely, as its ore de
 posit IS of enormous extent
 Greene Consolidated has been one oi
 the strongest and steadiest stocks or
 the market this week. It sold as
 high on Thursday when AmalgamsteC
 was 1G61-2 as it did on Monday wher
 Amalgamated was 112 14. The buy
 ing demand in Greene Consolidated
 at the present time is chiefly for in
 vestment account, as it properly should
 be. Those who purchase the stock
 now should do so with determination
 to hold it for s10 to s20 advance
 While waiting for this big profit they
 will receive dividends equivalent to
 about per cent on ther investment As pointel out In previous letters the Greene Consolidated company owns one of the largest deposits oi low grade ore in the world. Occur ring with this low grade ore is a
 sufficient proportion of high grade to
 provide for satisfactory smefting re
 suits. The development and equip
 ment of the property has been so ex
 tremely rapid that many of the oppor
 tunities for greater economy have
 been overlooked and these are now be ling supplied Economy of production from very large low grade ore de
 posits is largely a matter of equip ment, process and systematIzation oa