Salt Lake Herald-Republican | 1920-02-03 | Page 12 | $15,000,000 New Iron Industry; Deal is Closed

NEIRON NI NE IRON INDUSTRY DEAL DEALIS IS CLOS Largest in iu jJ U Said to Be Only Part of Plan CARBON COUNTY CO LANDS Ll IN LEAD ROt ROL Million Dollar Smelter F Southern Shore of Utah Ulah Lake l Forecasting lorec the expenditure of ot m 1 i In the tho development of the tr Ir r Industry and the opening Of or i k promises es to bo ho tho the largest I Utah tab a deal between the colliery Cath Carb land com company pan attested b by E E. Stanl Pratt secretary and filed fIed with tl state board Tho The notes noles t wore were by mortgages cs covering acetiC coal lands in acres tr Carbon county Coking Plant Included d It Is H understood that thal the tho om pan initial outlay will bo he for tor t construction of an ant iron ore smelter the tho southern shore of ot Utah lA Ia lak Neighboring r tho the smelter a also will wUl ll be built hUllt pl Alto Altogether will be e In the tho development of oC the tho c co o properties In Carbon county a aIt ani Arid lie construction of oC the tho proposed lain laIc side plants It Is said that Japanese capital tto t- t to be put into th tho development and that the Investment in of the tho su au on awaited only the or ot the deal with the land board Three Note Gh Given n The not notes s gWen ghen by tho the of or the company compan bear C G Oper per cent lot Int Inta cst cat f from om January 2 1925 InS The thus I Is given five years compa to jt get u way war Three In number tho the notes a a. for tor each h ea duo due January Januar 2 Ii 19 for due January n a for tor pa payable ablo January 2 interested ids Is deal expected In which to be the tate state panay today when C of a co cc cor corwith pany In Sevier Se county arrive with officials of the board The to pro prop coo In iii which the Sevier Se residents interested is the Pluto project Involves U and and