Bisbee daily review., 1909-02-07
Mining, SmeIterS and Stock Quotations
WHAT MAY BE FIX
 PECTED COMING YEAR

fairs extensively Of late. however. and
 will only add now that the stock
 should be bought both for investment and speculation.
 Greene Cananea stock is very
 cheap. The company should produce
 60.00o.000 pounds of copper this year. and next year l expect it to produce between 75,000.OO0 and Se.000,000
 pounds 1t should be ready to begin
 pay ng dividends before the end o, 1909.
 [ North Butte Is not entitled by its earnings to sell any higaer than its present price. Its mine is big bO
 manga. and the company will be a persistent and reliable dividend payer for a great many years to come. At S79 per share, however. it's 400.000
 shares are selling for S3l ,600.000. a
 valuation which I hardly th-nk war
 ranted by the tonnage of ore so far developed. I would rather have Anal gamated than North Butte, even if
 it were selling $i0 per share higher.
 Oslo Copper should begin producing
 in April or May. and its production
 for this year will therefore be made
 at q high cost per pound. Next year
 tbe company should produce i5.oo0.-
 GOO pounds of copper al a cost of nine cents per pound.
 Old Dominion's mine and smelter are practically idle. the management having closed down in order to ad- just pending labor difficulties. Waeth-
 CT or not Old Dominion win produce as much as S5.0oe. 900 pounds of cop Der this yvar depends now on how
 soon operations are resumed. 1 Osceola stock is selling as high as fl is entitled to on a i4ls-cent copper market; but as it's earnings per snare will increase about S2ie with each
 cent advance in the price of copper.
 it has greater speculative possibilities , in this particular direction than is l possessed by almost any other stock. Shannon's mine is looking well, and It's cOncentrator and shelter are doing excellent work Each cent per pound advance in the price of copper will add about 50 cents per share to shan nOn's net earnings. On 17-cent cop
 per Shanuon could earn S. per share,
 or 20 per cent on the present selling price of its stock.
 Superior Copper will do well if it produces 4.000,0Oo pOunds of copper this year at a cost of 12 cents. understand that the yield of its rock.
 shown by somerecent milling tests. averaged considerably less than % pounds of copper to the ton. Superior & Pittsburg is increasing it's shipments of ore to the Calumet & Arizona shelter and should make Q.
 good showing of production and earn i ings this year. On declines Superior
 ,& Pittsburg is a good stock to buy. Tamarack lost money last year, and unless the price of copper averages better than l5 cents it will lose more money this year.
 Tennessee Copper advanced this week. while the rest of the coppels were declining l figure that Tennes- | see win earn s4 per share this !eas from copper production alone. It its contract for the disposition of it's sui- phuric acid goes through, il will proii1 50 more from that source l eE- rect this stock to sell a great deal higher within year or two Utah Consolidated will be obliged to struggle along for fl to l5 months | longer with an unsatisfactory smeit- | ing contract. After April or May oi next year it should increase its pro duction to 2O.000. 900 approximately S6 per share on a 14Is-cent copper mar ! lset.
 Utah Copper is making a splendid l record of production and earnings ana
 has remarkably bright future pros
 poets. Before the end of this year
 this company should be paying quar- terIy dividends of Sl per share. | Wolverine stock sold down to Sl4'
 this week. I expect Wolverine to pay
 dividends of Sl0 or more annually
 for 25 years to come.