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Show STEEL MERGER ! IS INTIMATED i Capitalists of Utah and West Coast Meet at Los Angeles LOS ANGELES, Cal , No. 4. ' Capitalists of San Francisco and Utah ,in conference with A C. Denman, Jr., 'president of the Southern California Iron and Steel company, will announce It Is understood, the merger of th- Pacific Pa-cific coast st--l und Iron resource? that will make the west Independent of eastern mills for Its steel supply. Mr. Denman refused to make any stateim-nt In regard to the plans of tin-I tin-I new corporation, but stated that the announcoment would be forthcoming .shortly Representatives of the interests inter-ests with which his company Is aaso-1 aaso-1 elating were in conference with Mr j lenman j eal "relay. ' First announcement of the project was made last September, with the in- Tp...r;-.n..n ..f tlx- Pacific M. e , r-iporation, r-iporation, under the laws of Delaware I for 20,000 i"1" I ndi-r this plan ,tho properties of th pacific Coast steel company, whii h opera! a plants in San Francisco, Francis-co, Portland and Senttle. tho local 'plants of the Southern California Iron and Steel company, and valuable Iron and coal deposits In Utah owned b) the Mllner Interests are to be takeii jovcr and operated by tho new Steel company . 1 The plan also contemplates the ' erection Of idast furnaces to cost approximately ap-proximately 17,600,000, In Utah, close I to the ir.'ii and coal deposits Th' new company Is to be organized bo that 11 will operate in units Independently Inde-pendently of the eastern steel manufacturing man-ufacturing plants. The pig Iron manufactured man-ufactured In Utah will be shipped ui- 1 n 1 tly to the various steel plants owned own-ed and controlled by the company lor I ;the reduction into the finished product. prod-uct. 1 The enliir project is to be financed j by Los Angel eC; San Francisco. Seattle and Utah capital making the compan., entirely a western concern. I The Judson lnterets ot Oakland, operating the second largest steel plant on the Pacific coast, are al 0 'expected to join the merge; The Southern California Iron ami J Steel company, which will become a part of the new corporation under plans previously announced. wa: I founded In L.os Angeles in 1901 For ; many y ears it has been operating z. plant at Fourlh and Mateo streets, but it has also under constiuctlon a new'' plant, on a twenty-six acre site on Slauson avenue on the Union Pacific right of way. The local company is headed by A. C. Denman Jr. president presi-dent and general manager, F. G. Pratt, sice president, Russel Me. D Tuylor, treasurer; and A. W. Grler, ; this consolidation, the am- bitlons of tho Pacific coast steel men will be realized, since tor many years It has been the desire of leaders of , the steel Industry' of the coast to man-Ufacture man-Ufacture their own raw materials from available iron and coal deposits. Among those who participated in the conferences here were A. C. Denman, Den-man, Henry M. Robinson, president of tho First National bank; U. S. Sena-Itor Sena-Itor William 1L King, of Utah Judge-Wilson Judge-Wilson of San Francisco, vice president pres-ident of the Pacir'le Coast Steel company com-pany .and Mr McLaughlin alo of San , Francisco, and a vice president of the-Pacific the-Pacific Coast Steel company. |