| Show UTAH APEX APEX PLANS I In An n of oC I Would Mini I lime of I Of Ot the plans glans Ilan nf or the Utah nh Apex lIe com corn lany pany tn to Issue worth of or 3 per j cent Cot 1 bonds bond a Boston Hoton paper laper Mi It IB Is proposed 1 to Issue but bUI or of those thoM Iho bonds bond at al the present time the Ih proceeds to III pay for tor the building build In of or n it railroad spur to In the mines time build building log ing In of a B tramway and the Installation In of or a 11 compressor compre r plant Th The directors are nr considering the lit erection of or a n smelter of SOO tons 1011 ca cu capacity a also a concentrating mill null to 10 handle the large amount of second grade ores or which Engineer M ay u should hould early attention but bUI I this lisle Is a matter for future rather than present consideration The directors of ot the I company feel fel warranted d by b the con condition In pu development work ork I find and not nol relying on the Ihl present pre nt slower Mower plan Plait of paying for tor development and ami improvements front from the marketing of ore oreTho The Tho management IK is de devoting voting toting a 1 large IlIr of ot IU its development work to 10 the ho tunnel which I reach 11 all the known ore bodies In the group of 01 moInes milieu at It depth ThIs Th tunnel till Mill ties has ha about lo JOO 0 feet to 10 go 10 to teach leach or ore bodies It lt Js is that with I Judiciously expended Jill jhio property can tn quickly be placed In lit a condition to pay isay Ia mall small dividends dividend but the I h leading In Interest terest teresta II In the company b believe that time the Ilah lIah Apex ha has greater possibilities that than this thin and ane stockholders will be ni R k kod kf od MI to 10 authorize an l Out of oC bonds bond M liO that tho lie company wilt will b be In Inn Inn ina n a posItion to bonds at al any anytime II time limo It I 1 III advisable for the Ih company to tp p build Its own reduction luction rt work a |
