Show STEEL CORP SELLING BONDS BOND Worth Sold Part of Issue for Build Build- Building Building Building I ing Utah Plant I ISA SA SAN SA FRANCISCO Jan 19 For 19 1 For Forthe the purpose of building In Utah A steel industry try to S1 cr e the western rn states the tho Columbia Steel corporation has halo hassold hasold sold old worth of 16 ll 15 ear seven per cent first morta- morta bonas benas The Th 4 4 sold today Is Ii 1 part of ot an AU- AU AUthorized authorized au authorized First on the th pro ot of develop develop- development development ment outlined by Pre WIgging WIgging- ton ton n H I Creed In his bis statement of the purposes of the Columbia steel corpor corpor- corporation corporation atlon will be b the erection of cC product by-product by coke ovens and blast furnace for or the making of pIg pic iron at the site hoen on Utah lake lale lak between and o Pro o For this work nih willbe be required The sale ale or of these bonds alIl ill facilitate R an n Imme Imme- Immediate Immediate diate start on actual courll ton tion orK orKin orkIn In Utah count county DIRECTORS X The board of ot directors t of f the com corn company company pany are Wiring ton E U Creed Cred president of the pacific Gas and nd Electric Electric- n compi-n Herbert president of of othe the Anglo Anelo and London Pal 1 l ban bank It John S Drum president of or the Mer Mercantile er- er cantile cantlie Trust company W tv W V v CI docker ocker ent ot of the Crocher National bank J 3 D 1 Grant Grant sloe Ice pc the Gt General Petroleum Wallace M lIf president of o Alexander Ale Dald ton eon pany vany and ana anapi pi of the San Fr int- int co chan chain chanI chamber ber of ot ce ceD I D H Ii d gen l gen ren l 1 manager of Ithe the Columbia Steel compary L F l Rains Hains A C Ds s El-s Jr and W Wv WW v of Salt Lake I IL Albert E U Bonton Bo ano nay C GDali G Dall Dali counsel of the Columbia Steel corporation S r F B Hone Moru president i act of the Del Monte Propel tics company compan 11 I Fl 1 C Burrell Ice ice nt at of C A Hooper t Company anu Joseph Sloss Hooper ice Ice and anel of the Columbia Steel All An ba u uI uthe the three named from Silt t Lake ha base ha e their headquarters In tn San Siri ri 11 I OTHER J JUAS Jo o I 1 IThe The Columbia Steel from fromi 1 which the large larce- coipo o Is de- de de developed by the of the Utah Ut properties has plants at POI land Ore Oreland I land and Pittsburg Ca r ne San Ean Francis Francis- so o which now nOl produce from scra I mostly open hearth sterl l l- l lar har ar 1 and steel teel castings The The The-a o plants a ill III land Lo be e to manufacture sheets rods rols wire nice and nails pails I Of the c of shares of ot no salue alue corn com common cornmon mon com mon stock end nd in pre pre- preferred pre erred stock shares shans ot of o corn com common moo mon stock base ha been Issued and 7 7 42 In pre preferred erred so ok a l has been Issued Creed ed GI Giant ant Fleish haker baker haher Drum and arid Croch l i base ha sub- sub i for or oser OHr i in rod stock at par In th c c h to provide funds foi the tho completion of cf the build build- buildIng lag Ing program No cash dl may maybe maybe maybe be paid out ot of earning s accruIng accruing Inc Ing after January I 1 1 19 H In addition to the aunt which wilt will willbe be necessarily called to fo fot by the con con- construction construction construction program of ot the Columbia Steel corporation itself elC the tho building of the branch line from Lund 10 o the Iron SprIngs ore the com of ot the of opening the Ule coal d deposits and other developments can be b for tor the immediate future In Utah TO BIt The Lo Jo Angeles Ito Roi nOI te t it Is f under under- understood understood understood stood will willery ery sery soon t lIm work or on onI I the branch line Une to the iron ore The day rapidly approaches h ahen n the first Utah iron ore nih will be carried to the Iday t Utah blast to 1 weld acId in Ire Irea irea a day of as aa great g economical import import- importance importance importance ance to Utah some som as the men mem memorable occasion in 1869 gold gold- golden golden cold en en spike was aa w driven at Promontory Point to complete the railroad |