Show COLUMBIA STEEL organization PERFECTED capitalized at and with a strong directorate of leading pacific coast financiers the launching of the columbia steel corporation for manufacture of steel independent of eastern sources of supply was announced by wigginton I 1 E creed organizer and p president resident on the at san francisco under the important merger the present columbia steel company with plants in pittsburg b calif and i in in portland ore is tied up with iron properties in utah and the properties of the utah coal coke company among the first steps to be taken to make pacific coast steel from western ore on a big scale will be the expansion of the plants of the columbia steel company at pittsburg through the construction of sheet and wire mills and the increasing of the open hearth capacity in addition the new company will build at a site between provo and springville Spring ville in utah a blast furnace and byproduct by product coke oven plant for making pig iron which will cost construction it is promised will begin in march this pig iron up to the present has come froni from the east or has been made from scrap on this coast under the merger it will supply the requirements of the new mills as well as the genera beneral market for merchant iron on this coast the directors diec tors are Wr wallace allace M alexander W W V armstrong b D H blotchford albert E bo boynton y anton E F burrell W E creed W W crocker C G dall john S drum A C ellis jr herbert J D grant S F B morse L F rains and joseph sloss besides president creed the officers are J D grant first vice president joseph sloss vice president D H blotchford vice president L F rains vite vice president john D Fenster macher secretary and joseph sloss treasurer columbia steel corporations capital is divided into of preferred and 1 bow of common stock intensive investigation of the utah coal and ir iron on fields demon started that they can be used to form the I 1 basis asis afan of a independent steel industry for the coast and rocky mot mountain states said prest creed an unusual opportunity tor for the development of this industry is presented by the cooper coope aaion of california and utah in the utilization of their natural resources although something more than worth 01 steel products are consumed annually on the pacific the real steel business has been heretofore commedo confined con medo to tile 0 to o east and south with pacific coast consumers compels pay heavy freight tolls the immediate coast has pie nty ais of extensive deposits of iron but there are no fuel depos depo close to any of them such as is the case base in utah mr creed is president of the pacific gas and endeleci andEl eci a company the largest power company in california and a large buyer of steel products car the utah coal and coke company properties in e bon and iron counties utah were carefully sur surveyed veye i oy by the pi erts sent out by the columbia steel company WO before e latter concern acquired them according to creed the and ire in ports showed that utah has ore of excellent quality 1 a and quantity sufficient to supply the n needs eeds i of the coas coast fian t mountain districts for years to come it will be more inore i a year before all the new plants can be put in operation |