Bisbee daily review., 1906-03-18
SPOT COPPER IS SCARCE -.GOOD
 DEMAND AT IS IF CENTS
Foreign Visible Supply Is Smaller Than lt Has Been Since Worlds PfoductiOn---WdS
 One Quarter Smaller

mission on Monday or this week ana is reported running very satisfactorily. The plant is expected to treat about POO tons of per cent ore daily. and therefore should make at the rate of : ,00e, 900 pounds of copper annually. Excellent mining authorities who have examined the ore developed by the company during the past year and half express the belief that it co Il be treated at profit on 12-cent cop per market If the company can make G,000.000 pounds of copper dur ing the remainder of this year at a cost of 12 cents per pound, it will se- cure a profit of s360,O00. or at the rate of more than 8 per share annual ly on iss stock. ,..
 On the 18th inst several directors of the company will leave Boston and Minneapolis for a visit to the mine. understand that no assessment will be called on the stock until after the directors have examined the property. Butte Coalition is in good demand at around s35 per share, and at this 1 price is cheap stock. Its properties are already producing more copper ! than they ever did under Heinze man. | agement, the cancellation of lawsuits l having made possible larger produc- | ton of high grade ore. I understand | that there will be a 25 per cent in l crease in the output from the start. 1 This years production should aggre- gate 40.000, 900 pounds of fine copper, at a cost of about 10 cents per pound
 and consequently something better than B per share should be earned on Butte Coalition stock. Next years
 showing promises to be very much
 better than this.
 Greene Consolidated has been a
 good stock to hold during the past two or three weeks, as it has advanced
 while almost everything else has de Iclined. The day this. stock was re moved from the list of the Boston
 Stock Exchange it sold at 26 IA. Anal
 gamated was then selling at HIS l-4 IGreene stock Is being bought for in ivestment. It would be taken in large and it is therefore safe and attrac tive stock to buy.
 The February production of the tGreene Consolidated company was about 5.000,0 pounds of copper. Ir
 view of the fact that February was { short month, this was at the rate oi G5, 900 900 pounds annually, or twice as much as it is paying in dividends ' The first of the two reverbatory furnaces now being erected at the Greene shelter will be blown in some | iof. increase in production will result
 Other of the additions 10 its equip
 ment, which are being made with the
 S, ,40O,0 900 recently raised by the salt
 of new stock, will provide for stead
 fly increasing production throughout
 the present year. As soon as iG
 monthly output gets above G,000, ,00
 pounds Greene will become a greater
 fsyorite with spectators. It is ex
 pected that it will be producing :,
 900 900 to 7,500 900 pounds of copper
 monthly before the end. of this veal
 and next years output should exceed %, 900 900 pounds. It is the andcipa tion of this substantial increase in pro
 duction. and of the greater earning!
 that will result, that makes the stocl
 such an attractive investment anC
 speculation al the present time.
 feel confident that it will sell abovi , $40 this year. Next year it should ' increase its dividends sufficiently tt give it an investment value of nor than $50 per share.
 IL is probable that Greene stock vii } be listed on the Boston Stock Ex . change again in the near future. A l present it is traded in on the curb il
 Boston and New York and can be pur
 chased through any reliable broker GEO. l.. WALKER