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Show UTAH APEX JOINS DIVIDEND PAYERS Eastern Directors Post Initial Quar terly Payment of 12 1 2 Cents Per share. Tib nl al d 1 ldend ot the ttah Apex Mining coiupan has been posted by the eastern directors Thlg la In the nature of a quarterly disbursement and amoun a to 12 cents per share pa ab)e O tober 1 to stockholders of record beptember 10 Utah Apex, according to predictions has entered the dl ldend paying list thanks both to the sa sfactoo price of lead now obtaining and to the excellent record w-hlcb the company Is 'making in produc tion and costs. The In ttal disbursement of 121 cents per sha e means hat the d ldend Fa I established at the rate of 60 -em a per fear the field with the shares at 4 -be Ung about 1S per" ent The dividend w II absorb abo t J6S 000 of the S200 000 cash which the con pany has on hand Tie reason that the dec a ration Is made now notwithstanding hat the actual payment Is not until October 1 la that there a q many shareholders In Lon don, and It was felt hat they s ould ha e ample no Ice n o der to register stock In the r own names Ltah Apex la producing at the -a e of more than 40 000 00 pounds of lead a year and ita cos Is about It cents per pound so t lat w 1 lead at 61 cents per pound he p esen prl e earn ngs are at he rate of abou IS 9 000 a ear or tl per sha e on hi 000 shares ou s ending Wl h on p e on of e f o atlon p ooess w h s be ng ns a led xs s shoul I e reduced and p odu on in reased |