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Show .00575 ounces gold. The production from these ors waa 15,679.685 pounds, in addlUon to which the custom ores yielded 2.939.924 pounds, a total smelter smel-ter production of 18.619,609 pounds. The not cost of the Greene Consolidated Consoli-dated company was 10.61 cents per $606,305. The company closed the round, and the profit for the year year with a balance net quick assets of over $5.600,0p0. Physically, not only waa the condition condi-tion of the five principal mines much Improved, but the development oV Tiew ore bodies was begun to be exceedingly exceeding-ly severe In charging the mines with every expense attributable to them, and the mining cost Included every expense incurred by the mines, even construction work, an well of course as development and extraction." Of course, when all la said and done, there still remains the enormous capitalization cap-italization of Greene-Cananea to be reckoned with, a stubborn fact that will not budge, and It is dlfllcult to llgure how the company Is going to earn anything appreciable on this yet awhile. But this is a factor for which the operating department Is not responsible, re-sponsible, and which should not detract de-tract from the great credit that Is due them for their record of the pat year. GEENE-CAN AN EA. The 190S report of the Greene Consolidated Con-solidated Copper company, as rori-chadowed rori-chadowed in numerous articles in our letters. Is remarkable evidence or tho economies that may be effected by an up to-date mining management. To reduce re-duce the co3t of producing a pound ot copper from something like 17 cents to 10 cents, within two year's time. Is really a wDnderful achievement, and I one which should not lightly be passed I by. I Yc cite several typical examples ot ; the reduction in operating costs as follows: fol-lows: A decrease In the cost of mining I from $3 85 per ton to $2.13; in the daily smelter pav roll from $1.!CJ. to ?763; in the reduction division, a decrease de-crease in the cost rer ton of ores and concentrates from $6 82 to $3b8; in the total cost of mining and beneticlat-ing beneticlat-ing a ton of ore from $10.21 to $5 'J7. The dollars aud cents result to the company may be appreciated by the following quotation: "Had we been able to min-s and beneiiclate the ore for Ihe 15 months ending October 31. , 1 007. under present conditions, thc cost would have been decreased by about $2,150,000. plus the value of the Increased saving." j These economies have not only effected ef-fected a tremendous financial saving, but they have made available ores that could not formerly be treated at a pic fit. "Owing to the decreased cost of smelting, we have been able to send leaner ores . . . to thc smelter, with a handsome margin or proiit. and we have been able to smelt leaner ores that formerly went to the concentrator con-centrator This has resulted in increasing in-creasing by nearly 50 per cent the percentage of direct Broeltlng ore to the total ore ininod, and has caused an increased yield per ton." Nor is this campaign of coat -saving at an end; "while predictions are dangerous dan-gerous ... I have no hesitation In saying that we shall be able to continue con-tinue decreasing the cost or mining benefication, and increasing the percentage per-centage or saving to a notable degree. , i nlthough we can not hope to make re- , i ductlons corresponding to those made during the past var." During the year there cre treated I 2'j.'.551 tons o? ore rrom the mines ot . the Greene Consolidated, ylcldln? -'"-: per cent copper; .92:; ounces .diver ajd |