Los Angeles herald., 1906-12-17
CANANEA CAMP
IN BIG MERGER
NEW COMPANY WITH CAPITAL
OF S5O,0oO,Oo0
President J. Ross Clark VIII Build a
Railroad to Greenwater Mining
Camp in CaIifornia-cop-
per Is King

The organization of new S5OOOO,OOO
company, to be known as the Greene
Cananea Copper company, to take over
the control of the Greene Consolidated
Copper company and the Cananea Cen
trail Copper company, was announced
i'm New York Saturday by William G.
Greene.
Mr.. Greene gave out the following
statement: "It is announced by parties
interested that a deal has been COM
Melted by which Messrs. Thomas f..
cole and John d. Ryan and their as
sociates have acquired heavy interests
in the Greene Consolidated Copper
company. Messrs Cole and Ryan and
Col Greene already have large inter-
ests i'm the Cananea Central Copper
company and these two companies, con-
trolling as they do practically the en-
tire camp of Cananea Will be merged
into a new company, to be known as
the Greene Cananea Copper company.
II is stated that the new company will
issue sac. 900. 900 of stock and will eX-
change it's stock for Greene Consolidat-
ed upon the basis of $30,000,000 for the
Droperty and for the stock of the Can
anea Central upon the basis of $20,O00,-
900 for the property. Ample cash has
been provided for this plan for enlarge
ment of the plant and development of
the property. The stock will be offered
to the public. Messrs. Cole, Ryan and
Greene will leave shortly for Mexico to
inspect the properties and lay out a
plan for equipment and development.
The company will be Incorporated un-
der the laws of Minnesota, with nine
directors, who will represent all the
large interests concerned. Mr.. Cole will
be it's president and Col. Greene its
vice president"
Railroad to Greenwater
News from Bullfrog is to the effect
that J. Ross Clark, president of the
Las Vegas & Tonopah railroad, has
filed an amendment to the articles of
incorporation with the county clerk,
providing for an extension of the road
from Nevada through to the Green
water mining district in California.
The new line is to be $50 miles long,
with branch lines of fifty. miles. The
estimated cost of constructing and
equipping the line is $4,0OO,0O0
The decision to build this extension
follows a personal examination of the
vast mining properties in GreenWater
owned by Senator w. A. Clark and
Charles NJ. Schwab, two weeks ago.
The new branch will furnish railroad
connection for a large area of mining
territory along Death valley, which has
heretofore remained undeveloped. Tele-
by the company and by the amendment
to it's articles the company has the
right to acquire land and water rights
along it's right of way. 1t is believed
that consolidation between Clark and
Schwab interests will be effected before
the completion of the road to Green
water.
Greatest Copper Region
The richest and most productiove
copper district of the world is the
southern portion of Arizona and North
ern Mexico. OF the separate states
Montana leads Arizona, but adding
Cananea, Montezuma and other Sonora
mines to the Arizona groups, makes the
district rank first, although smaller
than the state of Montana.
The largest individual producer of
the Southern Arizona district is the
Copper Queen, with over 75,S0O,OOO
pounds of copper year, or approx
mately $15000000 worth. Cananea fol-
lows with about 60,0O0,000 pounds, or
$12.O00,0OO worth. United Verde shows
36,000,00O pounds; Arizona Copper, 3d.
900 pounds; Old Dominion and Unit
ed Globe, 100000 pounds; Detroit, 49,
100000 pounds; Shannon, 12,000000
pounds; Montezuma, 100000 pounds.
The southwestern fields produce nearly
$50 900, 900 pounds of copper ore annually
and add nearly $70000,000 to the wealth
of the great southwest every year.
The Precious Metals in 1905
The bureau of the mint and the geo.
logical survey, which are cooperating
in the work of determining the annual
production of gold and silver in the
United States, have agreed on the fol-
lowing tabuated statement of the out
put by states and territories for the
calendar year 1905: