Bisbee daily review., 1911-03-23
GREENE PLANT . IN HIGH STATE
 IF EFFICIENCY

IAfko AAN-Ns -MAAAu AAt AiANNAAN Cananea Copper Co will close its { construction account on April This statement is more important than it appears at first glance by ! reason of the fact that it terminates lons period of reconstruction and ' improvement the sum total of which | has called for an expenditure of S4. 50o.O00 Much of tlfs expenditure has been met rom earnings. and ! m consequence the property has not been able to make the showing oz net divisible profits. of which 1t was capable
 Beginning April 1. the Greene Cananea Co. will be able to produce ] .ts copper. landed in New York and sold. at a ccst of 2 cents per pound and this cost will include the equiv alent of over 1 cent ger pocnd ex i pended fon new de elopment. as tae Cole Ryan man cement Is deter mined fully to aintain nresenu large ore reserves.
 i The aggressive management now ! iu charge is openng DO less than 5o.0o0 feet of new ground annually. and since the control of the property was taken over from Col. William V l Greene. fully 200.0oo feel. or approx imatey Co miles of underground {. openings have been made This in : Itself. represents an expenditure O. hefWeen S3,090.0o0 and S4.oB0. .00n which. of course. must be and has been charged to cost of mining
 Al the present time the Greene Cananes plant is the mos Efficient et its kind in the Sou.hvest ! has been re constructed under tbe efficient direction of Dr. |. r. Rick etis and is in shape today-if the copper market made such a course desirable-to produce S0.000. .00o pounds Of copper Fer annum at a cost ot nine cents per pound The present purpose is to maintain pro ducdon at betw cen 2.000. .000 and
 oo,0o0 pounds per annum To make this production. only onohan of the c3mpany's plsflt capacity is re qulred as at present only four blast furnaces out of a totai of eight and two reyer5eratories are in commir sion. Tine concentrator is also oper ating at Lu: 90 per cent capacity
 For the year 1910. the compan. will show an operating profit of s1. se9,009 it cost the company. includ ing all extraordinary construction charges. 11.19 cents per pound tc produce 45,77l.925 pounds of copper Included in this cost is an expen allure equiyalen. to 149 cents per pound Of c1=per output representins construction and Improvement ex penses.
 The Greene-Cananea property i. fortunate in that there is a notice able increase in the gold and silve
 recoveries per ton of ore treate. and including the Cananea Centra output. the total 1i4 cents per pound
 of copper The ability to credit thi
 gold and silver yield to the oDeratin. cost is. of course, an importan
 factor in enabling the company t show low cost O. copper produc
 ton.
 In 1910. from the treatment o . eg9.7 tons of ore. ;he silver yiel'
 amounted to 1.1S7,s20 ounces. whil there was recovered 5tS3 ounces J , gold The average yield per ton O ore was N.2 pounos of copper, L22 3unces or silver and .005 ounces o
 gold
 Since the beginning of the yea 2 1911 the average copper extraction
 has been about A. pounds of coDpe per ton Of ore, and the managemen
 aims 10 mzinta;n the average c
 about this figure. One third of :h production is coming from first clas
 Iircct smelling ores and the nalanc represents treatment Of lower grad Iconcenuadng ores.
 The Greene-Cananea plant is $ hape 10 receive he concentrate 4 rom fine Miami Copper Co. and .2 IS couveTto1s it cln utilize to gre. 't advantage the highly s.iicious con . entra:es which it win soon be r z, eivmg. A contract satisfactory
 ae Miami Co.-and, of course. sho' ng a fair profit to the Greene Co., aas been made for the treatment ll these concentrates.
 s 1t is plain to be seen that ema ss cipated from it's extraordinary co
 struction requirements. Greene-ca
 anea Is now m position to nal
 the best showing in it's career aS Is this at a time when she 2.500,0l
 shares are selling at practically the
 lowest price.
 ye Combined with Cananea Centri he Greene has today surplus quick g he sets of s3,5OO. 900. in addition, s4.50 ,. 900 has been expended, as abo
 outlined. in property reconstTucti .R and improvement Notwithsiandii IT this total of ss.00o,000 represent IN present cash and recent cash %. senditure. the endTe property is