Show i q It j r UTAH APEX CO COt t fl GETS PHOENIX J ii Option on Control I I I i Is Secured From Andrew i I Gebhardt I I g m I Unless UnIes something unforeseen happens t i f 3 In the meantime the Utah Apex com COlU company comI I pany par of ot will own at t least two 1 thirds of the stock in the Phoenix com company Iii h I fr pen pany by the end of the year It came I from a perfectly authentic source yes yesterday k i I r f that interests representing the theL L i I Utah Apex company had secured a athir aJ q J I thir daF option on Andrew Andren Gebhardt s h i stock toek which Is said to amount to close closet t j to of the tho shares in the com corn company cornS S j r i pany and that a payment had been bf n made f j to bind the bargain and und get the stock ii t 1 into escrow eserow Mr lr Gebhardt was RI asked bi b i to confirm th the report and while h b was f f 4 I averse to discussing di the matter at all allI I he did dW not deny den that such a deal was I I 1 I l r pending He refused absolutely absolute to say tiny 19 1 I what the price was wap but as the property J ji I ta 18 a remarkably fine One one one that has bas I paid Milt 41 the a great deal of i j money IReney during the past three years ears it itla ItI l la III probable that the purchasers will have I to te pay JS or In re a share hare II harej Tho The Phoenix adJoins the possessions lons of j the Utah Apex company and as aB it has bas been opened at great depth through a along aIon along long Ion tunnel and other workings it Is Just ripe for a company like Uke the re reputed reputed reputed purchaser to take hold and make a mammoth producing proposition of it It ItIs ItIs ItIs Is certain also that from rom Its workings quick access can be had to a great deal f valuable ground belonging to the Utah Itah Apex company compan The deal is one of the most Important that has been pulled off in the camp of Bingham for fora a long time and Its possession po will add immeasurably to the value of Utah Apex holdings s Some of the biggest and best bodies of o ore oro in the camp of Bing Bingham Bingham Bingham ham have been contributing big money to the treasury treasur of the tho Phoenix company compan for about three years ears or Ince the first Inot big strike was made in the long tunnel and Mr Gebhardt Gebbardt and his sons have been prospering accordingly For years ears before beCore that he toiled tolled and struggled along to tomake tomake tomake make ends meet and keep the work going in the deep tunnel There Thero was never neer much question as to the value of ot the mine tor ore was In evidence from rom the surface But It tt was no childs play to get ore enough from shallow halloW tunnel and shaft t workings to keep things moving but the reward finally came after atter driving dri driving ing the th lower tunnel a distance e of more nore than 1600 feet without machinery The Gebhard have deserved all the success that has lias come to them and at the same time the tho Utah Apex company com pan is to be congratulated upon securing control of the bonanza ground |