Show CAPITAL TO BE N New rw Portland Cement Company Is Formed to Operate East of Ogden The UnIon Portland Cement company compan in whIch Senator Reed Smoot and a num number her ber of other Salt Lakers are Interested wIll be launched at Ogden withIn the next few da days s The company will be Incorporated incorporated with a capital stock of divided Into shares of a par value of each This concern will be one of the largest in the west and will be backed by a number of moneyed men of Salt Lake and Ogden A 7 per cent dIvidend per annum Is guaranteed on the preferred stock of which there will be abOut shares It is stated that there are over Incorporators and that there Is al already already ready subscrIbed more than of the preferred stock The works of the corn com company pany will be located at Croyden on the theline theline line of the Union PacifIc a short dis distance distance tance east of Ogden where the company has purchased more than 2000 acres of land upon which Is located cement rock of exceptionally high value Aman Moore formerly of the Colorado Portland Cement company of Pueblo Cob Colo is Interested In the project t and has subjected the rock to most severe tests C W Nibley of Logan wIll be president of the new company compan and R Reed cd Smoot will be one of the vice presidents I ItT Is reported that the machinery for forthe forthe the new plant has alreadY been ordered and the work of construction will be commenced In a shot short time |