Bisbee daily review., 1909-10-02
C H \ N NING Is INSPECTING
 PROPERTY

GLOBE, Oct. 1.--J. Parke Chan ming. vice-president of the Miami Copper Company. who is now staying at the Miami camp, made trip to Phoenix by automobile during the past week. Mir. Charming was ac- by General Manager B. Britton Gottsberger Of the Miami Copper Company. MT. Charming and Mr.. Gottsberger left Mani Thursday morning and made the trip by way of Roosevelt They re turned last night.
 During the coming week, Mr.Chan- ming will continue his inspection of the Miami and New Keystone prop critics. It will be readily remember ed that Mir. Charming is the man chiefly responsible for the paying basis reached by the Tennessee Cop per Company whose properties are located at Ducktown, Tenn. The management and general direction of most of the mining enterprises backed by the Lewishon interests has been largely entrusted to Mir. Charming.
 To review briefly the history of the Miami mine since Mir. Chan ning's policies were applied to the management of it, is interesting as showing the marvels that have been accomplished there in remarkably short time.
 It will be recalled that in Decem- Der. 1906. practically no work had been done on the land comprised in the Miami holdings. In the follow ing year. Mir. Charming assumed con trol, and early in the year 1908, had developed an ore reserve of 2,000,- 900 tons of ore, averaging ? 'S-4 per cent in copper The Miami mine at that time was capitalized at approx imately $1 for eacl ton of ore, and since then the capitalization has been increased by 100000 shares to make provision for the necessary reserve fully blocked out is 14,00O,. 900 tons, although the Miami proven ere body will undoubtedly amount to several times that quantity.
 The Miami ore will average 3-4 per cent in copper and according to calculations made so far, 1t will be possible to extract the copper from this ore at the rate of 42 pounds of copper to the ton.
 Mir Charming estimates the ton mage already developed on the Mia, mi property will last about thirty years with a 20e0-ton concentrator in operation. The present favored policy in the management of the Miami mine is to provide suitable surface equipment, including a rail road, water supply, and mills as soon as possible, and afterward tc develope a large ore body by means of tunnellng, crosscutting and the sinking of shafts.
 The Miami copper mine is distinc tive in that it has had the mos rapid development ever attained un der the block system, and also, il the uniformity Of it's assay values As a concentrating proposition it il remarkable, the extraction beinl about so per cent, and the ratio pos sible in concentrating, sixteen ton' to one.
 At the present market price of 1; cents a pound for copper, the 14,OOO 900 tons of ore already fully blocked out and capable of returning, by tht method of reduction employed, a least 5S8.OOO,OOO pounds of coppe S25,0O0,0O0 after cents a pound i allowed for expense of production.
 In view of the facts given above it is by no means improbable tha the stock of the Miami Copper Com pany, now selling for about sl6, vii reach a value of s9O within the nex two years. The fact that larg, quantities of this stock are being secured by inside interests make. this prediction particularly wei founded.