Bisbee daily review., 1909-06-04
Greene cananea.


 dueed the cost of making its copper to about 10 cents per pound. It is now producing at the rate or 50.000.. 900 pounds of copper annually. and earning at the rate of 50 cents per share on its capital stock.
 The Greene Cananea properties are selling in the market for about ,$26.- 500, 900. and the company is earning at the rate of $500 900 annually, or nearly perNent on the market price. North Butte is selling for $23. 900, ,00o and earning about $1.600.000. The greater assets, ore deposits and fu- ture prospects of Greene Cananea however, make its stock appear to be very much cheaper by comparison than that of North Butte.
 Helvetia.
 Helvetia stock is hesitating around 6 to ', as the result of extensive prof it-taking by those traders who pur chased it at lower prices. Tn the past the stock advanced to around thin price several times and then declined This has led many small holders to believe that times like the present should be availed oi to take profits, and they are doing so. The ore de yelopments at the mine, however. have very greatly increased the in. 'trinsic value of Helvetia stock. l feel that it is worth at least sI0. figured on the basis of net value or ore in sight, and that it win prove good speculation at any price up 10 s20. Those who have the money. courage and patience to buy and hold this stock are practically certain to double their money, and possibly to multi ply their investment several times over. The stock at the present time presents one of the bes, speculative opportunities that has ever come to my notice.
 During the month of April, when Helvetias ore shipments yielded a net profit of g per ton, the com. pany's freight charges by wagon and railroad combined consumed forty eight pounds of copper for every tor of ore shipped. Helvetia settled with the smelter on the basis of 12.54 cents per pound for copper, which was the New York price. less two and half cents per pound. deducted to pay for shipment of the metal east refining and selling. Therefore, its net receipts per pound of copper was 1004 cents. Freight charges were s per ton for the wagon haul and s1.sS per ton railroad haul, total of SASS, or slightly more than it re ceived for 4S pounds of copper.
 Inview of the fact that millions Of dollars have been invested in equip ping such mines. for instance. as First National, which does not recoy- CT as many as AS pounds of copper per ton of ore. the tremendous value of Helvetia fully equipped with rail road facilities can be realized. It would seem possible to save approxi- mately 30 pounds of this copper. or 8 per ton additional A profit of 8 per ton additional. A profit of s6 per ton on 300 tons of ore shipped daily would give Helvetia total net earnings of s630.000 annually. or s315 per share for Its stock. be- lieve these results can be accomplish ed in Is to IS months with an as sessment of s1.50 per share on the stock. Those holders of Helvetia who do not care to retain their stock and pay such an assessment have an ex. cellent opportunity to sell it now, as there are others who will be pleased to buy it at current prices.
 GoldfieId Consolidated.
 Advices from Goldfield, New, state that the big mill of the Consolidated company is now handling six tons a day or a total of 600 tons a day for the mill. While the mill has been treating an average of $50 tons day ever since it got fully up to it's work. it was known that it still had great reserve capacity
 The average cost ton for milling has been decreased each month since the mill was started until last month it was down to g at this mill. the average for both mills being s2.62 The increased tonnage handled by the new mill this month. will make still further reduction in the average cost of treatment. The average value of the ore is now mining somewhat low CT than prevailed some time ago.
 Calumet and Hecia.
 The directors of the Calumet and Hecla have declared quarterly divi' dend of s6 share. Three months and year ago s was declared.
 With the payment of the $6 divi. dend declared. stockholders will have received 103,950,0 900 in dividends since the formation of the company
 The company's dividend record since 1896 has been as follows (per share):