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Show PROVO MUST HAVEIRON WORKS. : It is a self-evident proposition that j iron works to be successful and profit-! able must be located at such a place as j to possess natural advantages in the way of suitable ores and fuel and transportation, trans-portation, so that the cost of these ma-! ma-! u-rials, which are the main items of : expense, will not preclude a profit in selling the product in competition with ihut manufactured. These conditions exist right in this valley, and The Dispatch once more ures upon the business men the necessity of taking immediate action in this matter and bringing it to the attention of capitalists. capit-alists. The iron re in this vicinity is al-( al-( most pure oxide of iron; in fact, so free from diluierious elements that when assays have been handed to Eastern iron smelters tliey have questioned the assays and expressed doubts as to the ' I existence of such valuable ores in the I world. Reing free from phosphorus, with only a slight trace of sulphur or silica, and no tinanum or zinc elements ! usually found in iron ores, our hematite hema-tite can be very easily fluxed, and we have no end of. fluxes with which to doit. From information at hand we learn that the estimated cost of turning out pig iron to-day from a ten ton stack would be as follows: 2 tons ore 50 per cent pure delivered. ..16 00 3000 lb coke 4 per ton 6 00 820 lime rock 60 Iibor 2 03 Total tu 50 These are outside finmrM and tle r" estimate is made on the basis of a ten ton stack. With a twenty ton furnace fur-nace the item of labor would be reduced re-duced about fifty per cent, as it would require only the addition of cheap labor, la-bor, as the skilled ma nagers, foreman, machinist and bookkeeper could handle han-dle three or four furnaces as well as one. The freight on a ton of pig ironfrom the East to Utah common points is about $21. So that one can readily see that with a market price only equal to-the present freight tariff, with a twenty ton stack running, there would be a net profit to the business of $130 I per day, or $5,900 per month, or $46.- 1 800 per annum. A knowledge ol the cost of smelters built for handling precious metals, which are necessarily more complicated, complicat-ed, having the most refractory ores to handle.leads us to conclude that in yiew of the market at our command an iron reduction plant here consisting of a twenty ton stack running upon the nupetior ores of our mines would be able to yield, as a net profit during the first year of its operation, the entire en-tire cost cf the plant. Just what such a plant would cost we are unable to state. With all nec-cessary nec-cessary buildings and stacks it is hard-lr hard-lr possible it would cost $50,000, and that too when constructed on the most approved and modern plans. All can readily see that with such iron furnaces here, stove factories would springjup and a hundred other products the factors would be made which would create a demand for many such furnaces. fur-naces. It would seem that the only thing necessary to insure the success of the enterprise is an intelligent and forcible presentation of the facts to Eastern capital. |