Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-06-21
THE UTAH APEX.
bingham property Brsl,es Considerable
Comment In EnAi

The Utah Apox mine Of Bingham, Of
winch Waller C. Orcm Of this city TX
manager ls exciting considerable IA.
Nofablc comment In the east A Bos-
ton brokerage arm tells It's clients
about II IN circular which reached
SAT- Lake IN yesterdays mails The
irm says;
"one 81 the mining companies In
The Bingham, Utah, district, which bids
IAN TO come into greater prominence,
W the Utah Apex company whose
stock is now traded IN ON The curb.
THIS company was Organized
about May I, 1909, II has an nu,hor-
igcd capital ~ 100000 shnros, OF which
$4,000 shares arc outstanding, par val.
Ne VI n share \ llttlo less than 100000
shares are held IN London, tho balance
being held principally IN New York
ana salt Lake city
"Thc property ndioIns the Utah Con.
solldnted ON the west and the Ynmpa
ON the north II owns 20 claims an
secured by United Stntce patents and
covering 2l3 acres, he principal ones
heinz the York Copper Field Minnie,
pQlro ana the claims OF the Highland
Boy Consolidated Mining company,
"Tho company has been able TO omen
Mp all ~ olo bodies by tunnos witch
naturally makes q great saving In min.
ing cost ns compared 10 hosting
through shafts Most Of The work nh
10 date has been ~ what might be
termed an exploratory nature, To size
llp the ore bodies, and The work has
been done chiony through drifting ON
lho following tunnels York, parnell,
SmllnM Andy pnd Commanded, Tho
Ia
new tunnel oven lower down, which
lr known az IN, AdIi This is con.
siderable ~ an undertaking, In being
vigorously prosecuted and should
lhcroughly move the oylont Of The
companys diforent veins
such ore " being taken out bv the
company IN the process ~ lis dcyolop.
mont averaging about 10 tons dallv IA
bong shipped 70 the t'ntod states
MINING company mcltor Tho orc
runs va high IN iron hat the smelling
chllgtN are merely nominal In some
c'sos tho percentage ~ iron bolng sur,
ncIont 10 c0mponsnte Tor the entire
charge ~ smelling Compared 60 other
llINghnm ores the gold ana silver val.
uc9 are remarkably hIgh ana average
about 81 per ton There VIII probably
M hr any material Incronse IN the
dl,ly shipments Wtl thc completion
N the lower tunnel whom II ~ oy,
roctcd That The daily chpmenlN win be
~ least 800 tons, The 1904 reporls
~ the Nlnh Apex showed that tho mel
values rcgli7od from lla ore wero sl2.aO
u ION Tho formation ~ the Utah
Apex claims Is such that they bhould
ho able 10 operato IN the vein for a
distance n npnroNiWOtelv 5000 foot IN
drNh entirely bv tunnels"
The same (oFion nrm has MISC ad,
dressed tho following 10 American
Shareholders
'Dy authority we hereby offer the
sum NJ N cents nor share for tho RIGHT
10 call 100000 ehnroe this being the
controlling interest ~ Tho Utah Anoy
MnIng company NJ iGbo nor ph0ro,
any 'lmo before luny T. 1000, Condl.
tons II YOU desire 10 await yourself
~ parliclpa ton IN this offer kindly
deposit the shares standing IN Your
nnmo on or before July la05 (Nftor
having nlol out and eIgnod the irrovo,
cable proxy and on,ion herewith AZ.
tNchod), WITH The International Trust
company corner pcyonshlro and Mil