Bisbee daily review., 1906-08-24
GREENE COMPANY
 GETS GOOD VALUES
Walker Says Greene Has Won the Big Fight Which Has
 Been WagedD

In his weekly letter Geo. Walker, of the Boston Commercial, has this to say about the Greene Consolidated:
 Greene Consolidated stock has been given a greater intrinsic value and the company and its management placed in an enviable light by the generous action of President w. c. Greene. It seems that Colonel Greene, of his own volition, secured options on the Amer ican and Copper Belt and Cananea & Duluth properties in the Greene camp, interested Thos. F. Cole, John D. Ryan and associates and sold his options, to- gether with miscellaneous lands, to them, receiving in exchange 100000 shares of Cananea Central Copper company stock. par s10, full paid. Can anea Central stock, s paid, is now selling around SIP per share, making the 100000 shares of full paid stock worth at market prices s3,600,000. President Greene has turned this 200,- GOO shares of stock into the Greene sonal compensation.
 Last week the report was circulat- ed freely here and in New York that Colonel Greene had taken to himself certain lands on which he had pre-
 
 ureene Consolidated to expire and had then traded these lands with the Can anea Central company for stock for his own account. This report made it appear that Colonel Greene was de frauding Greene Consolidated stock holders In view of the actual facts of the case, it seems to me that the local news bureau which has appar- ently acted as the press agent of the bear clique in Greene stock and which published the rumor referred to, and also one that the company's product i had dropped to 2,500,000 pounds in the month of July, now owes an apol- ogy to Colonel ureene as we'll as to the stockholders of the Greene Con- solidated company, and to its own sub scribers, who purchase the publication with the supposition that they are buy ing reliable and unbiased news.
 Colonel Greene has unquestionably won the big fight that has been made against his manageemnt of the Greene Consolidated company. The stockhold- CTS will stand by him in the future, as it will be perfectly apparent to them now that he is ambitious to make Greene Consolidated a great property of tremendous earning capacity. The bear party. which is still short on a big lot of Greene Consolidated stock, and which has been largely respons- ible for the misleading reports cir culated, is now planning, I under stand. to have an old lawsuit affecting the ownership of the Cobre Grande ore body reopened. The bears evidently think that this will cause selling of the stock and enable them to cover | their contracts at lower nricpS Ii | can be said on excellent authority, however. that new interests with large SSssFs or 6sssns reeen ly: and, taking all the factors into con sideration, it seems to me that the stock is in a stronger position now than it ever has been previously.
 The July production of Greene Con- solidated was 4,060,000 pounds of cop per, and there was a 1G0 per cent in- crease in the recovery of silver values. While in Mexico, President Greene acquired 14,0O0 acres of additional min- eral land for the company, which is believed to possess great value. Greene directors will meet next Wednesday for dividend action. It is quite prob able that the stock may be put on a basis of 50 cents per share quarterly, for the present, until an opportunity has been given to fully recover from
 .e effect of the recent strike and riot Regardless of the dividends paid, how ever the recent developments z-, con- nection with this company should cause the stock to advance to as high prices, at least. as it has ever sold in the past If there ever was a doubt about the company's future it has now been re- moved