| Show r STEEL STEEL COMPANY IS IS t. t CLOSING LOSIN BIG Bm DEAL DEAI DEALTo f To Produce 1000 Tons a Day From Fron Utah-Idaho Utah Iron J. J 0 P Properties roper t. t lesl les l' l f 7 MEANS GREAT PLANT HERE j t. t Will IiI I Its II ii Own 11 ii Line LillI of nr Railroad Northern f 1 Prom From O to In s Mines lIlIes I 1 If f. f The ho deal leaI by hy which one D of or the prominent Is Isto of the tho co country i- i nent I le I companies t the Iron properties s jn n n to take Pike over u Idaho northern Utah and southern controlled b by E. E II IL Wilson JIon of this city r I Is In form announced c It was closed all any day lay The Tue formal formally I Ii to tn bo hp r- r details have all nil h been leen on arranged and a ar few fow signatures i o the tho necessary ar papers r are nil all that Is required to place th the tho 1 company In pO posse Ion of or the prop prop- it t erty plans J In n n. fact so o definite are arc the rif made it itIs have been heen I i that arrangements to have a Is said Mid upon good authority hiye hAVI k arrive here on Dec 1 corps of or en engineers 0 o. o to be begin lr tl tho woi work k of surveying a afine fine of or railroad from flom Ogden Ogdon to the iron I J z t line r- r i Holds fields lne which extend from flOI Mineral Point In Cache Cacho county count to a point 5 fr miles beyond near Preston Ida hla mies h The Fhe plans o of it the stool steel company in include In- In dude clude the building of oC several plants for forthe or the eude conversion of the iron Iroil ore Into pig pig steel works Iron as well veil wel as for fOI or largo large which will undoubtedly ly be built hult In or O near neal Salt Lake That the company Sal e. 7 T has large Jarge things In view which moan mean the adding o of an Immense Immen new perma permanent perra- perra nent font industry to those which are arc al alread already al- al read ready realy making for or a n greater Utah and anda a n greater Salt Lake is evidenced c b by the p fact act o of its 18 taking laking Immediate steps to I build Its own line lne of railroad to the mines mines I Working for rOI lii Jh Deal I. J I Mr lr Wilson has hns been working for f months to get gel hold of oC the properties I t which he hE knew would be he needed to t- t round out the large reserve resources i fl-i which would be c required to attract the these great gleat steel interests Interests Once assured as- as t of the permanency and the superior quality of the bodies of Iron ore rc at Mineral Point he secured everything everything everI every every- ever ever- I thing In sight Ight in that immediate lo locality IQ- IQ 10 c i t calitr calt- calt and then following the iron deposits de de- de A. A posit posits In their northward course aloo along L the he Wasatch range Into Idaho ho he 11 found other which were scarcely arcel les less T r other promising He lie placed men at work at atit three different points in Idaho and ant In it Ul developed tho the same ame class clas of or ore In 1 0 S t aa as a la lar large KO o quantities as aR arc aro at Mineral Point where the tiep tie tie- p f k Is J. J so extensive us as to nu of theIr great Ireat value J 4 quality If these Mr Ir Wilson on declares declares is equalled b by tho those f found round In only one other othel locality In the United States Te They run from 65 63 to 70 per and anil are ale the tho host best best known for or converting Into ne Bessemer tm steel teel while the quantity is sufficient to provide an immense tonnage for generations to come como While hIle It has been known for CO years ear that these hese Iron deposits exists in Utah and Idaho they have never ne before been exploited for the reason that they could be utilized only 11 by the Investment Investment Invest Invest- ment mont of large capital and the big companies com corn panics were not yet t ral ready to come this fatS far west But with the wonderful development de do- i. i of the te Pacific slope In the theL thelast L 1 la last t few years the time Ume ha has como come for moving moving the steel industry westward and thE those these e deposits have been thoroughly thoroughly thor thor- i. i nu Invest investigated ted with wih the tho result reul that they IIley ar arc found to be among the rich richest cst amonS 4 and lind mo most t extensive In the entire entre coun coun- 4 2 tr try y To fo Produce I 1000 Tons ron a fl Ua Day t Mr 11 I ons on's contract with the steel company Is on a royalty basis basl and the tho 1 I com company pan guarantees the production of not lo less than 1000 1000 tons a da day for a period of thirty years ears Owing to the fact that the contract has not been nb absolutely ol closed the tho name of the steel company compan is not made public at this time hut but when It becomes known there o wilt will wi be he no IiO question queston of Its Is ability and andI I Intention to carry can through Its is plans plant |
