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Show Utah Apex Mining Co. Forges Ahead Last week's shipment of the Utah-Apex Mining Co. was four carloads ahetd of the biggest lead and silver producer heretofore hereto-fore in the camp, the United States Mining Co. shipping in one week the large amount of about 2500 tons. The January earnings of the company amount ed to $185,212.00. The February earnings were $155,000 while it is estimated the March earnings will amount to about $175,000. In the past six months the company has increased its em- ployees from 300 to 700. Work on the 2400 foot level is being rushed where the company has just opened a heavily mineralized mineraliz-ed vein in the limestone. The ore that the company is shipping now is of a high grade about half of which goes direct to the smelter. At present the company com-pany has the largest working capital account in its history, with its only debts, fixed or liquid, liq-uid, consisting of current operating oper-ating bills. Cash balances, cash and United States treasury certificatesamount cer-tificatesamount to $1,140,000. |