Show UTAH APEX MINING COMPANY ADDING TO BINGHAM HOLDINGS the utah apex mining company has acquired control of the utah lead copper company through purchase of outstanding bonds and stock according to advices advises from boston a few da days y s ago this property is a lead producer with acres comprising thirteen claims lying north of and contiguous to the main property of the utah apex through the batters lat workings easy access can be had to the utah lead copper property obviating necessity for expensive shaft sinking this purchase by utah apex rounds out acquisition of several properties in the bingham district and is in line with tile the policy 6 of f the management to add territory whenever promising prospects appear the company recently acquired the bingham E eastern astern mines company likewise an adjacent property and also the pine canyon bingham tunnel T company at tooele thoele in which two is located the smelter of the international smelting smelling Sm elting company an anaconda mining subsidiary with avith the purchase of the pine canyon utah apex has acquired a valuable tailings pond site not only does this give it a tailing site but also provides unlimited water facilities cili ties it is not improbable that utah avex apex will within vi thin the not distant future construct a concentrating plant dr drawing aw its water supply simply from its new pond site where the flow is in almost unlimited quantity these properties we were re purchased only y after a thorough ere alteo logical and engineering examination had been made utah apex has long been desirous of annexing additional territory orv the pine canyon bingham tunnel property alone adds more acreage acreaL xe to the companas comp anys holdi holdings than the present holdings of utah apex proper the utah apex management mana believes that its new properties will be substantial earners after paving for its acquired properties the utah apex mining compana has in cash liberty bonds and metals in transit over this is 33 13 1 3 per cent of the present sellina price of the shares on which current dividend of 35 cents quarterly is being earned more than twice over |