Show I MI MINE SOON mil VILl STA UT ST T UP OP N m mA Vi CONCENTRATING Mill Mft MillA A short delay has been experienced b by the tho Miami Copper com company pan 1 starting I Its now mill mi which event o was ns to take place liace the tho first of ot tho the year caf Latest Latet Information Is Isto Isto isto from tho the Arizona property to the effect that some somo time next t week n. n the first unit will I be given ghen n a tryout tryout J J. J Park Channing ChanninG consulting engineer end and Julius Julus have hO e been In m the mine for tor several days day awaiting tho the commencement corn com com of operations Not ot alone alono Is the Miami management greatly r Inter Interested Inter ested osted In th the thc starting of operation for tor or th the controlling Interests in Ray Hay Consolidated and ChIn are ar likewise greatly Interested as ag a th these se t two O properties will 1 themselves enter the producing ranks this year the tho former during February and the latter later about abut midyear As Mr Channing ChannIn In constructing the tho Miami mill mi Introduced Ideas of ot his own while the plants of both the Ra Ray flay and Chino companies are ar being built buil along tho the lines of ot the Utah and Nevada Consolidated Consolidated Con Con- which have ha e proved d so successful success success- ful rul there ther has his entered some Bome little trl friendly friend friend- nd ly h rivalry between 1 Miami am I and tho the other two companies Miami has a a. stock pile pie which last lael August August Au Au- gust contained tons tone Tho The mill mi as ns now constructed Is la designed to handle 2000 OO tons of or ore oro per da day while foundations foundations lons have havo been blen pr completed for tho the In Installation installation In in- I of or another 1000 ton unit unIt For For some time Mr Channing placed I Miami's tonnage at nt but last 1 Aus August t he ventured a new figure tons tone with prospects Ctt In one ono portion of ot thu tho mine alone of another tons A cost of 3 cents a pound landed In New NewYork NewYork I York Tork was tho the Channing estimate at nl the time of ot tho the company's first offering of or shares In 1903 1908 company V The property was WM developed In Its Is early days das b by tho the General Development company com corn pany pan which took one half or I shares hare of ot the company's original share capital In payment for tho the prop property arty erty and md for money expended upon It I prior to t Miami's formation The first nut Introduction of ot Miami to tho the public was in 1908 1903 when hen shares were wr offered for tor subscription at par pa 25 5 a ashare ashare share Since then them capital has hM been twice Increased and an Issue of convertible bonds placed The Thelast Thelast last piece of financing was put through last fall faU when shares shares' of stock Boc were offered at 18 to stockholders net not to the tho company however howe er was as only 17 per pr I share shar as the underwriting called for tor a I payment of ot 1 per share to tho the underwriting underwriting under under- writing s syndicate The last annual report report for for for year ended ende December 31 1909 1909 sho showed d mining minim property prop prop- erty orty carried at Concentrator and other construction at tho the time amounted to and mine and other development to Th The latter later figure fig fg Uro ure Included spent In preliminary ary Iry development prior to December 31 1908 There is understood to b bo be quito an nn ownership in Miami shares In Euro which probably represents the sale of a portion of oC the General Development company's company's com corn pany's holdings at prices nt far tar from 20 per share The Miami concentrates will wi be b shipped to the tho Green smelter across tho the Mexican border ar and the smelter product will wU bo be brer handl handled d b by the Raritan plant of tho the In International In In- Smelting and Refining corn com cm- cm pany |