Show UTAH APEX PRESIDENT REPORTS PROSPERITY AND NE NEW PlANS PLANS- The directors have decided to Install a n anew anew 1 F F- new hoist holst explains President R. R Jr of the Utah Apex Kining Mining Min Kin lInIng lIn- lIn Issued ing company in his ills report Just from Boston headquarters and partially Bureau Bureau He lie reproduced by the News says this new hoist I is to accommodate the increasing business al ard d afford fa facilities facilities fa fa- for transportation iron from the lower l levels vels the be raised to The shaft will also feet tome some surface which will open of or virgin country By placing the je hoiston hoist hoiston hoisted and will be on the surface ore lowered to the foot 1000 level or Parvenu Parvenu Par Par- which Is now venti tunnel and all waste will be raised to removed by railroad the surface When the hoist is Installed a great saving will be effected of The experiments for the recovery zinc we believe are reaching the point where satisfactory results will be accomplished accomplished pushed very soon eoon n in continuing Prosperity has been the feature during the last three months but it must be borne In mind that these phenomenal profits cannot continue Indefinitely In In- In definitely As a matter of fact a marked decrease in earnings is beginning to show by the daily dally reports due to a a. on the 1300 level on June 16 which compelled us to cut down our production production production pro pro- very materially reducing our shipments about tons per day For the quarter ended May 31 31 1916 1918 net earnings were compared with In the preceding quarter S Gross earnings were and expenses expenses ex ex- development 2516 balance less three months bond Interest etc net cash In banks loans and securities on hand hand 8 |