Salt Lake Telegram | 1912-03-27 | Page 8 | Utah Coal Fields a Valuable Asset

UTAH AH COAL FIELDS U FIELDSA fELDS A VALUABLE ASSET ASSE Within the last three thre y years ar the United States Smelting Refining and Mining MininG company has made substantial additions to Us Hs property holdings Three Throe properties properties proper proper- le ties In particular are arc mentioned In this connection though It Is 15 conceded by al all authorities that the most valuable of ot these Is tho the Utah Utah coal properties which v have been taken over o L Largo Jargo o financial Interests claim that the coal lands of this state ar are doubtless the most endurIng enduring enduring endur endur- ing asset the company company possesses One Oe financial paper paper- has tho the following to sa say on this matter mater The Tha Th three latest acquisitions have he been n the Needles Needle's property In fn Arizona the tho Gol Gold Road noad and a large coal property In Utah Developments De a at the Gold Road have ha e been bell an and are very satisfactory but It Is particularly at th the Utah coal property property prop prop- plOp plOp- erty rt that the tho company compan has possibilities of oC opening up imp a large larKe nf new earning power Utah K annual production o of coal has hu been boen about tons tons' against more than for tor Wyoming Immediately north and over for tor Colorado As there ar are no conI comil properties 0 or of Importance Importance Importance Import Import- ance between Utah and tho tue coast and andas andas as this coal is the time equal In grade of that of th the ot other oilier her western It states teR It should e evidently enjoy an excellent market market As SAc to the margin of profit It ma may be b noted that against an average price of ot a little IUle over 90 cents for tor West ut Virginia coal Ol In the lost last lat several sf eral years car that of ot w western ter coal has be been n from lG to I Th The cost of ot production ha has naturally oat nat nat been a f little higher In the tho west but with the Introduction of ot machinery machiner In all the tue operations this should b bo 10 materially ma ma- ml- ml reduced The at this seams Mears property prop prop- arty erty are arc art from front twelve twe e to twenty five n e feet teet thick and the coal Is of oC an excellent grade As to the tonnage this has Imas been estimated as n high as It I may be a matter mater of a couple of ot years far before any net r results accrue to the shareholders shareholder shareholder from this coal property but It H is f b believed In I Us Its purchase United States Smelting has a added ced a feature of ot stability and of prolonged Increase In earnings that Increases increase r very materially the time Investment value of Its Is shares