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Show ' YEAR TO COMPLETE UTAH COAL ROAD Weather conditions have interfered with the completion of the surveys for the Utah coal road, which is to be built by the United States Smelting company from Spanish Fork to the coal properties proper-ties recently purchased .at the head of Huntington canyon. The three surveying survey-ing outfits have about completed their j work, and a route will be decided upon ! sonn . This projected line will be eighty miles in length and it will take about :; a year to have it constructed and open-jj open-jj ; ed up for regular traffic. Ij Tn the meantime, the usual tonnage r i 's being sent from these coal mines over the Rio Grande line. No effect will be made to increase the output until the . company has its own line in operation, i but the properties will, in the mean- j time, be opened up extensively in order that a much larger production can be whenever it is heeded. These coal! propreties are considered among the j most valuable assets this company has, j and their purchase is accredited to the j foresight of President W. G. Sharp. : The United States Smelting company i was founded on Utah soil. Its organ- ! ization was perfected .through the ac- j quiring of the old Jordan and Galena j and Telegraph properties in Bingham, j The smelting plant. at.Midvale was' built, .aft whi:h the Centennial Eure- j ka properties at Tintic were .acquired and on each, of these Utahinvestments the company has made , big . money. Since the company was founded by B. F. Hajden and his Boston associates. Mining properties have been acquired j in Nevada, California. Oregon and Mexico. Several smelters have been built and millions in dividends have been paid. Wite the advance in metal prices, especially silver, this concern is said to have greatly increased its earnings. It is claimed that at least $6 a share is being be-ing earned on its common stock and the investment in Utah coal fields promises to increase these earnings materially. The company is in an easy financial position po-sition and recent report on the earnings of the company .holdings is given as approximately ap-proximately $350,000 monthly. Salt Lake Telegram. |