The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-05-26
Boston Official of Company Is
Pleased With the Condition
of Property.
REAL USEFULNESS Is
IN NEAR FUTURE
Splendid Showing Is Made in
This Bingham Mine Dur
ing Season.

J. ". Horne of Boston, the managing
director of the Utah Apex Mining com
pany, also treasurer of that orgauiza-
tlon, after spending Friday in inspect
ing the property of the company at
Bingham, expressed himself Saturday
as being entirely pleased with the pres
ent condition of affairs in the camp.
Mr.. Horne makes frequent trips to the
West for the purpose of getting IN
closer touch with the mine affairs, and
on no previous visit has he found all
the conditions at the Utah Apex so
jdeal as this time. To The Tribune
yesterday he stated;
81 was accompanied by Manager W.
c. Orem, Mr.. Hastings and other
friends of Boston yesterday through the
Utah Apex mine, We all are satisfied
with the property and with what 1t has
done and promises to do. The past sea
son has seen a considerable outlay of
capital by the organization, but this
derfully. The company is in splendid
financial condition, but Mr. Orem as
sures me that he will not be compelled
to draw upon the Boston office for any
more Apex funds
'One-half of the stock in the Utah
Apex company is held In London, Last
Friday before leaving Boston | badc
farewell 10 our consulting engineer, Mr.,
Pearse, who was enroute from the West
to his London headquarters. Mr.. Pearse
goes abroad to confer with the stock
holders there, and he told me that all
the reports from the Salt Lake Office
had stated the real conditions exactly.
The Utah Apex stock has been excep-
ttonally strong during the past few
weeks of panicky tendencies on the
market, and ] account for this, aside
l.. L. Al.
by the fact that the management never
has stated thing about the mine or
company without absolute foundation in
fact. This fact Is realized in the East.
and the truth Of what The Tribune has
stated about the property all along has
been demonstrated by developments.
During the presence of the visitors
Friday, Manager Orcm had the man
agemcnt of the Markham Gulch mill
start the plant for a demonstration run
This plant is ready for active ore con-
centration, there being few adjust
ments and rough edges that Will be
fixed IN short order. This plant is
owned half by the Utah Apex and the
Utah Development companies, to han
die the milling grades of ores from each
mine of the companies, and it has r
capacity of 200 tons Of ore per day. Mr.
Orem states that the Utah Apex com
at this point fully 5000 tons of Gre
that is the result of the recent develop
ment work. The Slopes from which
the company is now extracting its ores
for the market average from eight TO
ten feet in width, and the metallic CON
tents average SIS per. ton net from
the smeltcrs.
a recent interesting development has
been in what ls known as the Par
Nn tnn al he. Il
the property. This working WAS ex-
tended to meet the Parnell vein, that
had been demonstrated in all its rich
ness from the Andy workings. The
former tunnel encountered exactly tho
same ore body, with all its character
lstics, at point fully 1900 feet away
from the nearest Andy working, which
shows that there is at least this much
virgin ground yet to be worked out,
company a tremendous amount of
backs, and will be productive of abun-
dant results in the future
Another interesting item in the Utah
Apex development has been the even
character of the gold and silver con
tents of the ores. Should the price of
copper drop out of sight, the ores still
would be valuable owing to their more
precious contents. The property is in
with such splendid copper, gold and
silver ore bodies, are found excellent
bodies OF galena ore, and in one stope
the management IS working upon an
eightfoot breast Of such rock. The
company is marketing in the neighbor
mood OF eight or ten cars of galena
ore each month that brings in be.
tween $50 and $40 TO the ton. All the
workings and bins are clogged with
ore in spite of the vigorous efforts be-
ing made TO increase the daily output
of shipping resources.
All this goes to show that if the pres.
ent fine achievements Of this COMPANY
are possible under present conditions
the future should provide greater and
more generous returns when everything
is IN shipshape for ore production. DurH,
ing the past two years the company
has been in the preparatory stage the
era OF returns is at hand and another
hstory-making proposition is certain
Tor the magnificent camp of Bingham,
Mr.. Horne and associates will leave
for Boston this evening