Bisbee daily review., 1906-06-05
Heavy Selling of Greene Stock Believed to Have Been Gauss ed by Desire of Those Inside to Unload Holdings.
Criticism Results From Recent Heavy Purchases of Machin- cry Some Dissent in Man agement of Property.

The Boston Commercial of last Thursday contained the following in- formation regarding the workings of the Greene Consolidated company, which though printed before the strike on Friday is of immediate interest:
 The continued selling of Greene Consolidated Copper, together with the very apparent effort being made to 6epress the price of the shares. which was checked by strong support in the late dealings on Tuesday, con- tinues to call attention to the fact that there has evidently been heavy liqui- dEtion of the shares from inside scurces.
 It is known that many of the larger New York brokerage houses have been steadily short of the stock around 30 and that they have continued to self the shares on every rise since.
 The reason for this bearish feeling is stated to be the hostility to the management of Colonel Greene. The main fault found with his manage nent at the present time was the selling Of the Sierra Madre Lumber Company 10 the Greene Consolidated Copper Company.
 IL was clalmed by some of the larg- est insiders that the Greene treasury Vas III no condition &t that time to stand the strain of such a heavy flo taticn and that it should have been al least deferred until such time as the price of production at the Greene Consolidated Company had been con SideIabiy. reduced through the install hi i0y, nF ha- ties.
 No aspeGsion was put upon the value of the Sierra Naire Company, which is generally realized tC be q most valuable concession, but II was thought that the acquisition Of tbe property should have ! cen dS.a ayed until the Greene Company was through with it's structural period.
 It was pointed out that the end of reducing the lumber costs at the prop erty could have been attained by much naore economical means than the ac- quisition of the Sierra Madre Lumber Company.
 These facts and the alleged eXtraya- gance Of the Greene Consolidated management are being made the most of by the leaders in the bear campaign. These interests also claim ihtt in the past the management has gone lavish ly into the expenditure for machinery. and that much of the CxpeDae IncurI ed at Cananea has been without any coin mensurate return
 There is also considerable criticism of Colonel Greene's continued taklpS on of new, interests, il being .,Gimed that those he ~oE 1aS IT. hand are quite sufficient to aEgega his Clp.Ie attention.
 The other side pf t:;e argE.Gcnr IS quite as convincing. ColCne. Gre+l.e i'll answer 10 like obie ,tioas IfT were made a year ago asked how 1t was possible to develop a property of the magnitude of Greene Consolidated without expending large sums of money. His viewpoint contemplates the development Of a giant property, which shall take rank in the very first circle of copper producing prop critics in the world.
 The purchase of the Sierra Madre Lumber Company was made for the reason that the immense timber ex- pe nse of the Greene Company was one Of the acknowledged outs about the property. The tract in question is without doubt of immense value and will undoubtedly grow more valuable as time passes. IL Is one of the few big virgin timber tracts on the Amer