Salt Lake Telegram | 1910-08-08 | Page 8 | Miami Development Ahead of Mill Work Causes Cut in Force

MIAMI DEVELOPMENT MEAD OF oi MILL ia WORK CM CAUSES CUT ChIN IS IN FORCE fORC Sonic Sonio wonderment has b been en expressed ex cx- press pressed d at tho splendid po position iton attained at at- by Miami Copper shares in in the tho eastern caster markets It I has Juts been shown show that H itt its developed loped ores WCO not in in excess execs of other properties of which shares wore selling for considerably less but tho the know knowing n ones realize where tho support comes from for this thin issue and also the tho splendid prospects ets Jo this company has hns ot developing do the next largo large low ow grade erde porphyry mine in inthe inthe in inthe the west A Boston dispatch says Development at tho the Miami Copper company compan property has reached a point to eo o far ahead of mill mi construction that about J JEO It men have hae been laid off of from underground r work and aud for the next 1 six months mouths at least a blower slower pace at atthe at the mire will wi be maintained There Thero will wil however ll c be iC retained on the prop prop- erh about 1000 men The Tho ho mill li is is s being beine rushed to comple compIe completion tim tion and it is is eXe expected ted by br January 1 shipments hiJ will wi be s smarted thereby pine placing i ing this property in the producing rank simultaneously J with Bay liay Consolidated There Ther has lis accumulated a n big bie stock stockpile stockpile stockpile pile gh the shi shipments ments of between GOO 01 anu tons of ore oro per da day so that when whelm the tho first unit of the concentrator concen concen- with 1000 tons tomma daily y capacity is ca ready for lor operation there will wi bo plent plen- plen t tv t to o of ot available ore Miami mine nunc has been hel opened up and th thc n are aC now at nt least four years' years production pro ro ready for stoning a record seldom paralleled in minin mining affairs In oe hc recent recent slump lump in copper prices held up relatively well well Tho The stock luis has man many friends frends In in Europe where large Jarge blocks of it have hwe been placed Y Within the tho past fortnight ht European Eu n investors made inquiries inquires for a OOOO share block but tho they were not accommodated