The copper era. (Clifton, Graham County, Ariz.) 1899-1911, 1907-03-14
GREENE GOLD,SILYER DIVIDEND.
Regular Payments Will be Made on CON-
pany'S Preferred Stock.

last week paid the deferred diyidenC
of t per cent, 40 cents per share or
its preferred stock, which was due or
September 26 last, but which at that
| time had not been earned.
The company is now earning more
than the amount required to pay the
dividends on the preferred stock out.
standing, and in the report recently
issued to stockholders, President
Greene states the dividends on the
per cent. cumulative preferred stock
of the company will be promptly
paid as they come due hereafter, on
the Goth day of March and Septem-
Der, respectively. This will make a
total of S1.2O per share that will be
paid to the holders of the preferred
stock of the Greene Gold-Silver COM
pany during the present year.
AT present there are outstanding
only 62,O39 shares of the preferred
stock, leaving 237, ,961 shares unissued
in the treasury of the company.
1t is understood that operations at
the Concheno-Navidad group of mines
are now netting the company about
$500 day.
The 6O-stamp 1000 lbs mill at the
Conchene mine has been in continu-
Gus operation since early in January,
and is treating about 81 tons of ore
per stamp, or a total of 135 tons
day.
In his most recent report to the
New York office, the superintendent
of the Concheno mine says:
''We got, the mill started within
twelve hours after the transfer and
now have sixty stamps dropping on
the real thing The Navidad devel-
opment (this being a part of the
Concheno mine) has turned out
splendidly. On the 1OO-foot level
from the shaft, we have opened up a
drift of l40 feet in length, that
carries an average from wall to wall,
thirty feet, or $l7 United States cur
rency, as against SI5 heretofore: and
the most remarkable part of it is
that two-thirds of the values are in
gold instead of silver, which has
previously been the case. Further
more the gold increase is particularly
noticeable drifting westward toward
the Concheno MILL
OF this thirty feet width of vein,
six feet is very rich, values ranging
from $50 to $50 per ton, the average
being better than $50, and it is prob
able that the ore put through the
mill at present all comes from this
rich pay streak. The mill is proba-
bly, treating about 125 tons of ore per
day; hence the output in all proba-
bility is about $4,000 per day.
In the Zaragoza and the Navidad
mines of the ConCheno group ore re-
serves averaging SIS per ton to the
amount of $50, 900 tons, are in sight
which ought to net $40 per ton or a
total of 81, 100000.
BY changing the battery screens
from 30 to Is mesh at the Concheno
mill, mentioned above, it is believed
that excellent results will be obtained
d"u an iL0i case Vi II LUIS 70 tohs
Pei u1'y ioi e'on stamp VIII oe az
Oou' PiiHH00' Olins ing 'no capacity VI
'ne niIli up u @fo LUIS per ody.
a. INC 'uea iioPlcd' Ooloh' FL Arlge
ana Santa Brldlgla properties, de-
velopment and equipment work is
nrorressing ranidlv and good results
r. ol..f.a5 1;a1
port to the stockholders President
Greene states that the total expendi-
lures for the past four months, in
Guiding payments on properties, have
been as follows:
October. 1929, 799
November. Observation-Disclosures. 110,S
December. 2l0, ,4SS
January ................... 733, ,297
-
1otal' .Sl, ,2o3, 40
1hese hedVy expenditures supply
Piool tudC lne management IS en-
SdSeo III dn aggressive ca" "Pdlgn OF
ca P"nSioh anu ue'eioPnlenI. NC"
PioPel' lies VI P'oHlise dlc oeln9 Sc
Cul G" un"ei oonu' VI pun uiCldSeo'- anu