The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-26
GREAT FUTURE. is
PROMISED NEW COMPANY

The StdtiSt of Boston says: snare
holders of the Greene Consolidated Cop
per company and of the Cananea Central
Copper company have heen wondering
what their new status will be under the
reorganization, and there has been some
nimble work dore in figuring out Inc
price at which the shares will sell in the
future based on what they are selling fc-
at the present time. and what they Will
be worth under the consolidation.
Unquestionably the proper thing to dc
was to sell the shares on the rise that
preceded the announcement of the deaf
but this is clearer seen afterwards than
before: but the interests that have now
come into Greene Consolidated have be-
come known for their ability to take their
own medicine and they nave given all
shares in which they were interested their
very best support, but within reasonable
limits
Unquestionably the very first thing
that the Cole-Ryan interests will do VIII
be TO provide Greene Consolidated with q
smelling plant that will be able to treat
the ores of the company in the most eco
nOmical fashion.
Other money must also be spent in get
ting various other parts of the Greene
equipment brought entirely up to date;
the ultimate object being to enable Greene
TO produce copper at less than 10 cents a
pound. possibly as low as cents flat.
How this will be financed remains yet
TO be seen. Both the Greene Consolidated
and the Cananea Central have assets that
can be converted into cash. One is the
400 900 shares of the Cananea Central
which yet remains in that concerns treas
ury and in the matter of the Greene Con-
solidated the shares of the Cananea Cen
trail to the number of 10000 still remain
in the Greene treasury and which are eN-
changeable into the shares of the new
concern at the rate of one and two-thlrds
for one of the new issue.
The other is that the companies which
form the combine will build joint srnelt-
err against which bonds may be issued.
which will be redeemable by the COM
panieS in question
Dividends will be changed to a different
basis, and possibly be omitted for time.
This latter would be the wiSest course,
but it would unQuestiOnably work hard
ship on some of the stockholders of the
Greene Consolidated who have bought the
shares as a dividend-paying investment.
Ex-dividend Greene Consolidated is worth
more money speculatively. With the
sums that are now being disbursed TO the
shareholders of the company turned tC
development work it would be a very ht-
tie time until Greene Consolidated would
be on a sound and practical working basis
that would insure shareholders returns
| far beyond anything they have received
under the Greene management.
With the new smelling plant that is
planned for the Greene Consolidated IL
would be easily possible for the company
to produce 100000 pounds of copper
monthly. The output of the Cananea Cen
| trail il is expected. will reach 3.000,o00
pounds within the time that ii will be pos
sible TO erect concentration. which VIII
make an ultimate production of 12.O00.Oa
pounds of copper monthly easily possible
for the Greene Cananea Consolidated
Copper company
The shares of the concern should not
sink to very low levels, but if they should
get as low as say 20, it would be most
excellent purchase. specu1atively, for a
long turn The value of the Greene de
posits of ore will make the company the
premier low grade proposition of the
American continent and possibly of the
world This has been brought about by
the addition of Skilful management to eA
ceptional natural advantages.