Show MIAMI COPPER TO INCREASE THE STOCK The Miami copp company con colt contemplates contemplates templates new now financing through an nn of o additional capital stock the exact amount of or which has not nol been Ileen determined From the proceeds of ot time the now new stock the company will avail itself of o additional working capital at ata atIL a IL time when production will trill com coin commence mence early in 1911 At Al the thc first of the current year I Miami had cash asb exceeding I and find still has a substantial treasury I balance to Its credit The authorized capital is shares par ijar value 5 of oC this amount shares arc are Issued and out omit outstanding standing Some time ago n o the thc com coni company pany secured new funds through an Is Issue Issue issue sue of I C 6 per cent convert convertible ible tHe honda bonds the second installment of DO JO per Ilor cent being paid January 10 last Since Sinco that time limo a number of o the bonds have been converted into stock The Miami Copper company will bo be bothe bothe bethe the first of the new ries to become a producer It has hns a large stock pile which at the be beginning ginning of or the year car was valued at Now ow that underground develop development development ment work hns has been Men curtailed and all efforts concentrated on the construe construction tion of o the new milling plant Miami will start production with ith an avail available able abie ore tonnage estimated at tons This compares with tons at the Ray Consolidated Among Antong its stockholders are many man foreigners and Inquiries for large lorge blocks of o the stock from Europe con continue continuo around prevailing prices |