Bisbee daily review., 1915-07-18
PREDICT OUTPUT FOR
 JULY BY CANANEA TO
 BE THREE MILLION
Conservative Estimates Indicate That Production of Greene Cananea Will Approximate B. 100000 Pounds of Copper.

The output of the Greene-Cananea . Copper Company for the month Of July is expected to reach 3,OOO,OOO pounds of copper The company is now operating | three stands of convertors, two reyer- ! beratory furnaces and four blast fur !. naces. Several sections of the mill ! are in operation. but the plant is not yet running to full capacity.
 official advices are to the effect i that the company expects gradually 10 l work up Co an output of 5.0OO000 to ! 6,0OO,OOO pounds of copper per month.
 The only thing that is holding back the output of Greene Cananea is l the fact that a large number of new men have been engaged at the prop critics, who have not yet attained the efficiency of the old force that was engaged at the mine and shelter be- fore the property was closed down by .the strike of two years ago
 Since the revolution the efficiency of the Mexicans has become rather low and the company is doing it's ut- most to recruit the old force, who are returning to the property in large numbers every week
 In the exclusive review Of the Greene-Cananea published in the Mining Age" of June 21 an output of 5000 900 to 5000 000 pounds of cop. per was forecast. The present rate Of production of 100000 pounds month, attained SO quickly after ope- rations were started, must be consid- cred as highly satisfactory ana shows that the company has been successful to a degree that was scarcely antici- pated even a few weeks ago.
 When the efficiency of the working ! force is brought to normal the output . will be rapidly augmented. and the 5OOOOOO to 6OO0OOO pounds per month may be looked for at an early date. IL is generally expected that the 3 payment of dividends will be resum- ed in September.
 With the present high metal price and even with' an output of only 8,0Ag.- | 900 pounds monthly, such a step will
 be justified However. it is expected | that the property will be working up | 10 its full capacity by the time divi- dends are announced. The progress
 being made must cause a great deal of
 satisfaction among stockholders and
 the general public.
 The high point of production made
 by the company in the past was slight
 ly in excess of 70,OO00O0 pounds of
 copper a year, but a large proportion
 of this was due to the treatment oi
 the concentrates from the Miami Cop
 per Company Miami concentrates .- run about 40 per cent copper, which is extremely highgrade, and for the com ? pany to be able to approximate thC high record of production formerly
 made, will mean largely increased
 earnings for the company
 As was pointed out in the review
 just mentioned, the balance sheets O
 the company fail to show any prof
 derived from the treatment of Miam
 ore On the other hand. the compan.
 treating it's own product will unQues
 tionaby do SO at a profit Even un J- der normal conditions this will show d much greater earnings than ever be d fore. but with copper at 20 cents bound the position of Greene-Cananej s warrants much higher prices for thl Q, shares. With 2O-cent copper and al V output of 5,OO0,OOO pounds per month ' Greene-Cananea will show earnings O
 S13.2O per share per annum. m On the present output of 5000 OO .g pounds a month net earnings an i- equolent to SSlk per share per an t- mum. representing a return of 22 pc 'l. cent on market quotation of th 10 shares around $3S
 n.