Bisbee daily review., 1907-01-27

Of the cananea Consolidated Copper Co for treatment,
 lt has no mills or reduction works or railroads ol itH own.
 The cananea Central Copper Com. pany ia an American corporation own ing all of the capital stock of the San Pedro Copper Co, The Cananea Cen trai Ia a holding company. whose shares are listed and dealt ln on the New York and Boston exchanges,
 lt ia . very young corporation that has sprung tato prominence on ac. count Of the wonderful developments af ita Mexican mines, ylE--.thv prop erty of ths San Pedro Copper Co,
 The above named eompap.sa went into what has been termed the ''mers err and an entirely new holding com pany was formed to ba called tue Greene Caaanea Copper company with functions as follows
 it ia an American corporation, nrgaas iged for the purpose of replacing the uroohp Consolidated ana the Cnnaneh Central companies, lt ia n new hold ing company whose shares are to ho exchanged for tho shares af the Greene Consolidated Copper Co, and tho shares of tho Cananca Central Cop per Co, When the exchange shall | have been completed then the Greene Consolidated and tho Cananea Contra al companies will be imperative and out l of oNiAtuntes
 Tho ChnHnca Consolidated Cnppei Co, will continue Co be the great opoTat | Ing company, and iH addition Co apef | Rting itR own mines, etc, will operate l tho properties of tho San Pedro Cop | per Co
 The Greene. Cannnea Co, win ha con i trolied hy president, vioeFpFeHident and board bf directors. and will have l general manager ln the person 0i | Dr, L. n, HickuttH, who viii direct the l entire operations of the consolidated | companies The organization nt th' mines win not bp disturbed oxeeptinl | In the taking over of the operations af the San Pedro Co, by tho CananeF | Consolidated Copper Co, thus simpli tying the mining operations of ht | combined properties.
 No change has been or win he made In any Mexican company.
 ] program of arrangements win be thu | general manager as herein stated, ant | will assume his duties as such on O 1 about the middle of February. l90i Meantime. until the continuation O ! the merger, Mir. David Cole will con | tinue to act As the general manager MT. Cole Is a young man not far pas 1 40; but he has proved himself to b, a great man in the copper mining bus 1 mess. The person who betters wha he has done and Is doing in Canane | win have to get up early and worl late. He is careful. prudent, cautious and as silent as sphynx.
 The trend of the big copper bel l Of the Cananeas Is east of north ant west of south and between two an' l three miles wide, and extends int l Arizona The Cananea workings eX tend south ward for IS miles; north ward for miles: eastward for , mile
 and westward for 15 miles besides il various other unmentioned directions Underground there are 25O0 miner employed in the various mines. Il all 1500 Americans and 2S0O Mexican are in the employ of the company.
 Six hundred tons of concentrate are produced daily from the low grade ores and 1t takes 2,400 tons of or
 daily to produce them. All concer trates in addition to high grade ore
 are sent to the smelter. 1000 ton
 daily of ore running from per cen upwards are smelted with the concen trates mentioned. This enormou
 mass of ore is producing now abou 5.000, 900 pounds of copper each montf cr about 60,000.000 pounds ih a year
 This amount of copper at "A cents
 pound would be worth s14,400,00C After deducting expense of manufact ure the balance will go to pay divi ! dends on $60.0O0, 900 the capitalization of the consolidation.
 If copper ore of a higher percentage Is produced from the mines of course the amount of copper will be greatel in proportion; but at present the ma chimes are handling their maximum ] capacity. The expense of producing the vast amount of copper mentioned ! is not known. The monthly payroll taxes, interest and other expense mus 1 be very large. Some say the cost O producing a pound of copper is Can anea Is II cents; others says less but be that as it may, there Is an enor nous profit. It win not be long either before other producing mines in tht 1 district will turn their ore into the output and swell the income of ths