Bisbee daily review., 1909-10-15
GREENE-CRNANEA
LOOKS GOOD
At PRESENT

Greene Cananea is receiving at
tention in the market, even in this
time OF a very quiet business in the
copper shares. large blocks of it hav-
ing been traded in during the week.
tearing west on Washington like the
tons of the past couple of months.
That this movement has taken place
at such q time indicates that there
are people who believe the issue to
be worth owning. Undoubtedly they
have some knowledge of what is be-
ing done at the mines and think the
stock a good investment at prevail
ing figures.
DR.. Ricketts, and his staff have ac-
compished great things for the
Greene Cananea company in the past
year. this being reflected in the big
lowering of cost of making the
pound of metal, The saving. as com
pared to the old ways, amounts TO
at least million and half annual
ly. very big sum in the operation
of the organization
And the doctor insists that they
have not yet reached the limit of
what can be accomplished in the de
sired direction He has other things
in view to be added to the long line
already introduced which he is GER
tain will permit reductions in the
cost of securing the metal and these
are being applied as fast as they can
be worked out. DIR. Ricketts, is one
of the brightest men in his profess
sion. practical and forceful. He is.
with his knowledge of mining, mill
ing and smelling great worker, and
many of his associates wonder how
he can keep up the pace in the eli
mate where so many are inclined
and do flag out. The doctor is at It
early and late. planning, executing
and working always to the desired
point. He has excellent help and
great backing from the officers and
directors of the company, who rec
ognize his ability and the capacity
of the mineral lands with which he
is connected
Greene Cananea is a wonderfully
big possession. It has several fine
mines now working. and it will de-
velop several more in its many miles
of claims located right on top of the
mineralized. belt of that section.
There is no question concerning the
amount of mineral, the problem be-
ing how to get it at cost that
would give profit in such market
as we have been experiencing for the
past year. The doctor and his staff
have found the way, and now the eff
fort will be to get the ores to the
smelters. New mines are being de-
veloped that will aid former mix
lures, and from some of them the
ore is being won at a very small fig
ure. it being quarried, immense ton
nages being blasted from the sides
OF the pits and loaded into cars with
little effort. In all the mines
great change has been made in old
methods of ore getting, while still
greater improvements have been
made in the reduction and smelling
departments.
Greene is in business to remain, It
being a legitimate, substantial enter
prise. conducted by good people. 1t
NAV be the price paid for the prop
erty was high based upon present
market conditions, but at the time
If was acquired it was considered
cheap. There is a big difference in
the value of a property based on
20-cent or 12-cent copper, and at the
time Greene was taken over it was
predicted by best judges that the
price would remain at the higher tis,
ure.
The Iow-priced period has done
something for Greene Cananea, how
ever. that may make up for the cost
of its purchase II has forced the
MANAGEMENT to find ways to meei
the selling conditions in the meta
market. so that today finds the com
pany making money and at the same
time carrying on a big construction
and exploring account. When The
market gets right. as it IS sure to al
no very distant day in the future, the
company viii reap the benefit of 1t;
changes and additions and theT
Greene will be a big Garner. warrant
ing its capital stock.