Show TALK OF jo DEAL INVOLVING ONIA UTAH APEX FOLLOWS REPORT OF NEW mam ORE BODY boston papers dau are authority for a u report that ivill a p deal pea sl is pending 0 for the sale APIs so of the gill utah apex comp companas anys sau mines at bingham to 01 the dill american smelling smelting Sm elting refining company this report following so Os closely on the dill companas comp anys announcement no that EIJI a T ou new aou A lead silver sull has been opened up on the dill 1800 foot level PUB and that EIJI working arrangements have been made with the utah delaware company xu formerly the dill utah consolidated iu p which tu in turn si is owned by the dill international IS Sm elting interests ui i makes u it look SL as though the oil boston papers pull had got their idill wires adiian OID crossed ft 11 a deal for utah q apex si is to ol be pulu made the gill natural inference to ol be drawn sl is that eoj I the dill international PUE and not IOU the american smelling smelting Sm elting interests will be found on the receiving end PU accompanying the dill dividend checks sent juas out by utah apex on the dill aligi so of the dill month was SEM a u letter to 01 the dill stockholders ploLl sio telling what juila has recently been happening su as follows our ano intensive DAIS exploration pul and development campaign began to 01 show results ut in earnings e by august last for the dill first three months so of our present fiscal year september october 30 put and november the mine operating profit was returns for december div are not jou yet lax in ua remittances from the dill mine were soa resumed ui in august and to oi the dill pua end so of december aci lugo coq amounted anoum pal to 01 ozz comparing the aill first three months so of the oad previous SnOlA and present fiscal years it 41 sl is encouraging to 01 note that the dill number so of shifts worked increased from to 04 while the ore mined increased POSE 11 from MO to 01 tons suoi exploration pur and development has been continued uninterruptedly down to 01 2000 PUE and lower levels in ul our ino upper feet on the dill 1800 11 foot level we dak entered we an entirely new moll 10 ore D so of apparently great importance development jias zone advanced sixty five jaaj feet m in still deposit with all sides already from sl 15 to 01 OZ 20 per iod cent pral lead the dill magnitude ut in ore assaying youir but inq it 11 sl is being been labost ascertained has not jou yet lox this SO of I 1 actively developed u and pa mined ul in order to 01 take jmj D advantage SO of present utu market joja conditions also being pushed forward strenuously work POM st is now the 2400 foot level SO of our ano mine tiiu from the lowest level to 01 on delaware aj formerly so of the dill utah the dill neighboring property for which purpose consolidated mining edwod company xu utah completed between the dill I 1 u negotiations were recently the dill work to oi be done aop more economically ibanies soil this sull allows would p be lud earlier date than inoa pup and results to ol be attained pa at liu an shaft to 01 this level possible by sinking our ano |