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Show ;WeiI-Known , Contractor Heads 11 Company That Purchases Utah t p'H Portland Cement Company. Ifl WILL MEAN INVESTMENT tfl'tH OF AT LEAST $400,000 j :9 It. Is Now Assured That There llr Will Be No Further Lack of V t H Cement Here. m lB ';:f ; ,! r) ! ' don capitalists. Members of the Eng- f;' lish syndicate, headed by J. Topham h '' A H Richardson, the former owners of the J' ' plant, will retain an interest in the I !. It concern amounting to $100,000. Tint 1 : I , entire transaction, including tho ex- )' ponsc of manj- important improvements h and enlargements, will iuvolvo the ex- l." !" penditurc of $400,000. i1', The purchase of the plant and the : ' proposed improvements furnish an- y ' other indication of tho importanco of i I he city. The present plant produces 1 'H 350 barrels of cement daily. The plant ? ' will be enlarged so as to produce 1200 (,' :H barrels per da3 The quarries from , which materials are secured and which i , M are located in Parley's ca 03-011, about '1 twelve miles from the city, will be ex- fM tended so as to produce greater quauti-tics quauti-tics of raw material. Improved macliin- ' ery of the most modern t-pe will bo ! installed, both at the quarries and in !!, iH the plant, and everything about the !' fl undertaking will be carried out in the k vM largest and best possible manner. 'I Contracts for Machinery. L : "' Contracts for tho new machinery al- 'r road3 have been placed with the Allis- J Chalmers company of Milwaukee and the Schmidt compnn' of New York. f ' Tho machinery includes a number of E huge crushers for putting into shape the materials in the cau-on. The force F." ,H of men. which T now nmnbers sevent3"- r" five, will be doubled. Tho present gen- ; era! manager, LeoVynrd Baile3', will be f'; 'H retained iu that position. V Mr. Moran said Saturday afternoon ' '1 that negotiations for the acquisition of Jl the new plant had been going on for H nearly a year. The English owners finally decided to sell, but later wished ' to purchase an interest in the plant. ; Mr M"oran, however, has secured a con- j' trolling interest in the proposition and , H will occup3r the jiosition of jiresident of , the comp'any. Incorporation papers ll will be filed some time during the com-ing com-ing week. In connection with the intention to enlarge the plant, it is intended to do ii '1 awa3 altogether with the possibility of r any" lack of cement iu the 1 1 1 y and ' vicinity, as there has been in the past. ! ll In mau cases, it is said, important work has been held up because a proper ' amount of cement could not be obtained 1 for use. A significant fact, also, iu connection with the tramxiction is the intention of Mr. Moran to enter the industrial field of the iutcrmoiiutain j -countiy. IH For Genoral Purposes. Mr. Moran ospecialh- disclaims any j j 'M intention to produce cement only for ; his own use. That he will use the cc-ment cc-ment for his own purposes is, of course natural, but one of tho prime reasons for the acquisition of the plant, he says, is to increase the output of cement here and to improve tho conditions con-nectcd con-nectcd with the production of this ncc-ess'ar3 ncc-ess'ar3 element of local construction. . !' 1 There is a large market, Mr. Moran sa3-s. for Portland cement of a high 1 qualit3' all over the intermountain conn-trv. conn-trv. 'The necessity for a perfectly ! eq'uippi'd comont plant of large capac- '! ity lias been evident for a long tune, ll Continued on Pago Two. 1 ) ; P. J, MORAN. P. J. M0RAN ENTERS INDUSTRIAL FIELD Continued From Bagc One. and the demand for this has been large ly increased by ihe growing uso of ee-liiont ee-liiont in the construction of now buildings. build-ings. With the starting of one of I ho largest and best equipped factories of the kind in tho west, it, is thought that much may bo done towards filling tho large demand. The fact that, such an immense plant, which will havo so much to do with the industrial conditions of Salt. Lake, is in tho hands of local capitalists is considered a matter of great moment to the commumt.y. |