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Show BANNER IRON STATE Utah's Production of Iron to Surpass in Yen Years. PREDICTION OF J. T. JONES Says) Quality Is Unsurpassed nnd Quantity Exceeds the Holdings of tha United States Steel Company-Col. Company-Col. Mllner Toys Taylor Estate, 845,000 on Iron Ground Option Rich Ore From Mexico The Utah to Sink Deeper Mining Notes and Personals. . "I predict," said John T. Jones of Iron Mountain, Mich, seaterdas, 'that before Ihe next ten sears expire the State of Utah will be the banner State ln the proeluctlon of Iron ln the United States " , . Mr. Jones has ppent tvvcnts--two sears nmong the Iron ores of the Lake Superior region nnd passed upon the vast Iron deposits near Cedar City ln Iron counts, which wrre rccentl) purchased pur-chased b) I' I Klmberl). of Sharon. I'a , nnd his associates foi the colossal sum of $2 SGO 000 Mr Jones also slated slat-ed that In 1893 ho read a paper before the American Institute of Mining tn-glneers tn-glneers nt Montreal, Canada, and at that time he predicted that tho Iron output of Minnesota, which was then less than 1000 000 tons n sear would reich 10,000 000 tons per annum In ten Sears Minnesota will produce this sear, says Mr. Jones about IS 000 000 tons of Iron, so that his former prediction predic-tion has been verified In nine sears, and he feels equally confident of the nccurncy of hla estimate of the growth of the Iron industry In Utah. Continuing, he said that Mr. Klmber-ly Klmber-ly and his nssoclales control more nnd better ore than Mr. Schwabs testimony nt-A.lltA.l tn thn United States Steel compan) In the United States The outcrop, ho si)s. shows more ore In sight than do the live Iron rangea of the I.ako Superior district of tho Upper Up-per Peninsula, and the Utah deposits contain nil the varieties that are found elsewhere The phsslcal construction of the Utah ores, he sa)s. is equal to tho old range ores nnd not unlike the Mcsibas They contain hematite, llmonlte nnd tho blue specular varieties varie-ties of the Menemlnee range At lenet one-third of the Utah ores he sa)s. will make a Bessemer mixture that will average) 015 er cent phosphorus and fO per cent Iron Mr. Jones having hav-ing completed his researches In thla field left for the Hast last night. In connection with this large transaction In Iron grounds, Col. S 11 Mllner ses. terdiy paid to John C. Cutler, Jr ns trustee for the estate of Thomas Tas-lor, Tas-lor, JIB 000 for seven Iron claims that form a part of the Klmberly purchase' and will eventually pas! Into the hands of those purchasers The contract price for tho Taslor holdings Is JlT'iOOO, of which JoO.OOO has now been paid. |
