Bisbee daily review., 1908-02-02
IF GREENE CASH
 STATE MENT
Boston News Bureau Explains Some of the Deals of Con- solidated Company Which Stockholders Want To Know
lBoston News Bnrean.l ]

I There is in course of preparation for the stockholders of the Greene | Consolidated Co. to be presented al l the adjourned meeting in March, a re | port of operations up to December 31 1 1907. As the company's fiscal year has been changed to end with the cal endar year rather than on July 31 the report will cover a period of r l months.
 Some of the figures we are in 8 position to forecast. The company had in it's treasury on January 2, 1908 $25i, ,754 in cash as compared with 1 $54,053 in cash on February Ii, 1907, the day when the present management was installed.
 The $4,000,000 in cash for the 200. 900 shares of Cananea Central stock which the Greene Consolidated had l in it's treasury, was turned into the latters treasury four days later, on February 1S
 The 51S5 Of the stock of the Sierra Madre Land & Lumber Co.,, which carried with it control, and which Col onl Greene had always declared a most valuable asset of the copper company, was sold for $2,000,000 on deferred payments, with 75% of the entire capital stock of the company as collateral. It Is understood that the certificates of the lumber com pany are now in the vault of the Greene Consolidated Copper Co. When the sale of the lumber com pany's stock was negotiated. that company, it is understood, owed the copper company about 1,450 .000, and one condition of the sale provided that this debt was tot be paid; $1,150.- 900 was actually paid in ca.h. | The original contract existing be. tween the copper company and the lumber company which provided that 1ths former should buy each year from the latter sl ,000. 900 of lumber was cancelled and a new one formu. lated whereby the lumber company sold at the prevailing market price to the copper company the latter's r- ouirements.
 There are stin outstanding about | 77, 900 shares of Greene Consolidated Copper Co. stock and these shares are in the names of approximately 900 persons. Of the minority stockhol0- CTS. the largest is F. W. Taylor. of Philadelphia. who, with $500 shares to his credit, is desirous of ascertain ing, in conjunction with other hold CTS, certain transactions which have never heretofore been explained
 The minority interests claim that i in the last annual report of the com pany. great stress was laid on the possession in it's treasury of 200, 900 shares of Cananea Central stock. yet this stock was sold at par, s20. to a syndicate. Furthermore. the lumber property was considered by the gen. eral manager, David Cole, in his re- port, of great value to the copper company, yet the new management i'm mediately sold the control to Colonel Greene for $2,000, ,000,, whereas the stock was carried on the copper com pany's books at a value in excess of s7. .000, 900.
 Before it ceased operations the Greene, 1t is understood, was turn Ing out copper which cost it IS cents pound to produce. Through the action early last year of the United Metals Selling Co. in refusing to meet the cuts of It's competitors in selling copper, the Greene Co. had