Bisbee daily review., 1907-01-31
CANANEA MINES BUY TIMBER
 Of GREENE
Greene Cananea to Take One
 Million Dollars Worth Every Year During the Next Thirty Years.

It is announces from the New York office that & contract had been entered into between the Sierra Madre Land and Lumber company and the CanaRea Consolidated Copper Company. under which the Cananea company takes for a term of 25 years, at current prices, a minimum amount of q, ,000.0 900 worth of lumber per annum, which contract win net a profit of s400. .00o per annum to the lumber company. which alone would more than provide for the entire annual interest charge of S1SO,OoO, and the retirement of s150,000 bonds per annum.
 The Sierra Madre Land and Lumber company owns in the republic of Mexi- co. a body of virgin timber, compris- ing 2,15,000 acres, probably the largest tract of standing timber on this conti- nent under one ownership. The com pany has made a mortgage covering this entire property, to secure an is- sue of $3,00o,000 first mortgage bonds.
 The same official company state ment says:
 The area of this timber tract is al- most as great as the state of Con- necticut
 he amount of standing pine. which, ins character, is midway between white pine and g yellow pine, is al nose beyond computation. Experts, who have made approximate scahngs, estimate that there are between lS,O0O and 3o,000 feet of lumber per acre on much of this land, or taking 5000 feet per acre as a low average, there are 1S,0o0. 100000 feet of lumber in the tract. This lumber figured at s2O per 1000 is worth today s360, 100000 gold, or on the basis of 3 per 1000 Stumpage has a value of s54.0o0,000.
 A railroad has been built to the mills from Temosachic, making 8 connection with the Chihuahua and Pacific and Mexican Central railways, thereby with the markets.
 SawmiIls having capacity of 50O,. 900 feet of lumber per day, are now In the course of construction. The cut ting and marketing of the timber from this land Is In active operation.
 With sawmilAs working at theAr full capacity, the company is capable of producing 150,000.0o0 feet of umber per year.
 There is a ready market for all this lumber at prices ranging from $25 to $50 gold per 1000 with the Mexican cit ies and the enormous copper and oth- CT mining enterprises in this vicinity, a large part of the lumber to supply which Is transported from Oregon and Washington at a cost of from $25 to S35 per 1000. As the states of Ch:hua- hua and Sonora border the United States, and as there is only s0 cents per 1000 duty in mining timber i'm ported into this country, there will be a large demand in the United SIates for any surplus product.
 This timber tract Is practically fee from the danger of forest fires. Inc trees grow to an enormous height and there Is no undergrowth Many of ths trees are 100 feet high to the first limb. The forests are patrolled by rangers and every precaution is taker to protect the property.
 The diminishing forests ard the rap i'd advance in the price Of lumber which has taken place for several years pas, make the value of tim Der tract fhe character of our odra her tract of this character almost be yond estimation.
 The Greene Consolidated Copper Co (the pay value of wnuse stock is tlI and which Is selling today at about f3' per share. or on the basis of s330 fol S100 share or a total market ya.ut of s33,o00, ,000) owns 51 per cent of tht stock of the Sierra Madre Land ana Lumber company. regarding l. .S practically cash asset