Show MIAMI TO MAKE NEW NE STOCK ISSUE Intends Ultimately to Take TakeOver TakeOver TakeOver Over New Keystone Mine Is Belief Belef Directors of ot the Miami Copper com coin company company pany are considering Increasing the capital stock of the company the new issue to be offered to stockholders at ata a figure below the present market price An official says that the con contemplated Contemplated ou increase is for tor capital ex cx expenditures pe in acquiring new land and enlarging the mill mi that thai It Is I not for forthe forthe forthe the purpose of or taking over oer the New Keystone Copper company com any I The Increase will be about shares although but will wi be is issued Issued issued sued now present stockholders being bell given the privilege of subscribing for tor new stock to the extent of 10 per por cent centt of t their ther holdings s at t 18 a share T The win Wil accrue lu w stockholders of record August 24 and bondholders who vho convert their bonds by b August 23 2 8 will wi be given the same privilege This will leave over shares in the treasury which will wil be available for the acquisition of new properties It I is not stated what prop properties properties ertes are likely to be acquired but it itIs I itis Is believed that the New Keystone Cop Copper Copper Copper per company which owns acres of land near the Miami will wl eventually be beu bought u t Miami now has shares of stock authorized par value 5 6 about shares are outstanding are reserved for tor conversion of bonds reserve and about are in the tue treasury The bonds of are convertible into stock at 17 1 7 a ashare ashare share The New Keystone company Is con controlled controlled trolled by the General Development company com an which was ws the medium through which Miami was originally floated It I has an authorized authorised capital of ot ot shares par value 6 i J Parke Channing president of Miami is vice president of the New Keystone company The New Keystone company compan has out outstanding outstanding standing shares par value 5 8 Last June Mr Channing estimated that New Keystone had tons of ot 36 per cent copper coppel ore developed on eleven acres with a like amount In Indicated Indicated indicated on eight additional acres The Tue combined tonnage of ot the two properties would probably tons be slightly less than |