| Show IRON COUNTY IRON in its issue of the ath dinst the daily herald says an iron deal involving no less than was consummated in this city a few days ago but the news was sidetracked side tracked until yesterday the property involved Is the seven patented claims that belonged to the taylor estate located at cedar city iron county and the tarantula claim at desert mound owned by ambrose thompson and duncan J frue for the latter it is said the purchaser the colorado fuel iron company paid while for the taylor iron it has agreed to pay john C cutler jr the representative of the taylor estate was asked to verify the report yesterday afternoon and while he tacitly admitted the closing of 4 the deal he firmly declined to go into particulars contending that such information should come from the purchasers and not from him the taylor estate holdings were under bond to the kimberley syndicate until a short time ago and a first payment of 50 50 was forfeited when that combination threw up its options the price which it agreed to pay was and mr cutler did not deny that the new price was the same at the time kimberley secured his option 0 M ladd was after the ground lor the colorado company and he then missel missed landing it by only a few hours that it has finally fallen into the hands is no doubt a m matter atter ot bf great satisfaction to him and the company which he represents and it is probably well that such is the case for reports from camp are to the effect that manager ladd already has a force of something like fifty men employed opening up the property for production on a large scale it is no longer a secret that the rio grande western is preparing to build into the iron fields from marysvale Marys vale and the understanding der standing is that the seventy miles of road will be constructed this year As soon as the line reaches desert mound the shipping of ore from the thompson frue property will begin and when the road is finally completed to all of the companas comp anys properties which embrace a large area outside of the late purchases something like 1000 tons of iron ore per day will be shipped to the companas comp anys furnaces and mills at pueblo altogether the deal is one of the most important pulled off in this state for a long time as it shows conclusively that the colorado fuel iron company does not intend to allow its holdings here to lie dormant its action cannot fail to stimulate interest in the surrounding properties and it should not be many months until there is something doing in several portions of the wonderful iron fields |
