Show 0 OPINION ON UTAH APEX 4 in a recent issue of the boston commer 1 cial george L walker comments on the thea utah apex properties at bingham utah as follows utah apex reports for the fiscal year ending august 31 total net earnings of but of freight and ore pay ments taxes bond interest j and a charge of for depreciation re deuced this and made the final net gain for the year during the fiscal ye year ar and since the company has purchased seU I 1 face value of its bonds leaving its total outstanding bonded indebtedness J as of october 5 at the end of its j fiscal year the companas comp anys balance of cash casha and quick assets over current liabilities amounted to the gross value of ore sold during th year was total tonna tonnage gp M kinec I 1 ne is not given in the report but it is state stated that for a very short period shipments were at the rate of tons a day the amoun amount I 1 of its ores which the custom sui smelter elters sj would accept varied so greatly that for i considerable period the company was dobli ed to reduce its output to as low as 10 tons these fluctuations disorganized it ita labor forces and increased operating costs cost an effort is being made to correct this CO cor A shaft or is being sunk fe tee ali below the parvenu tunnel to open up i downward extension of the parvenu u 0 or body from which substantially all of t th d du companas comp anys shipments have been made ing the past year or two the mine is 19 b bj ing opened up as fast as possible |