Salt Lake Tribune | 1913-12-21 | Page 16 | Era of Peace Ahead for Greene-Cananea

EM OF PEACE AHEAD FOR GREEIE-CAIiEA Concern in Mexico Now Producing Pro-ducing Copper at Rate of 36,000,000 Pounds a Year. With tho 'fall of Chihuahua, leaving northern Mexico finely established in tho hands of tho constitutionalists, tho Circeno-Canauca company is assured of coutinucd relief from revolutionary troubles. Tho Grccno companj-, operating at 00 per cent of capueity, is now output-ting output-ting at the rato of 30,000,000 pounds of copper per annum. with a declino in tho price of copper to 14 cents, Greene cannot pay $1 per sharo quarterly, only operating 60 per cent. It will require a production of 40.000,000 pounds per annum and bub-tained bub-tained lo-cent pricos to permit tho payment pay-ment of dividends of $4 per sharo. With relief from revolutionary troubles assured, tho Groeno company should bo able to increase its output, I but the payment of $4 per share per , annum will dopoud a great deal upon I an improvement in tho metal situation.