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Show STEEL INDUSTRY 13 ASSURED UTAH PLANT EMPLOYING TWO THOU' SAND TO BE LOCATED AT SPRINGVILLE IS REPORT Entire West Will Benefit From In. vestment of Millions to Develop Coal and Iron Deposits of Western States San Francisco. Utah's ' immense coal and iron deposits are to be exploited ex-ploited in the building of a steel industry in-dustry for the West, according to a formal announcement made here recently re-cently by Wlggington E. Creed, president presi-dent of the Pacific Gas and Electric company and of the Columbus Steel company, and prime mover in the organization or-ganization 'of a $15,000,000 Western I steel corporation. From information given out by Mr. Creed, indications are that Utah, California and Oregon will share In the industrial development planned. Conjecture on the intentions of the group of flanclers who for nearly one year have been making an intensive study of steel fabrication possibilities on a large scale had it that the entire system, mines, coke ovens, blast furnaces and rolling mills would be located in Utah. But the formation of the corporation, to be known as the Columbia Steel corporation, corpora-tion, incorporated a merger of . coal and iron properties in Carbon and Iron counties, Utah, and the Portland, Port-land, Ore., and Pittsburg, Cal., steel foundries of the Columbia Steel com pany. This is taken as an intimation that the mines, coke ovens and pig iron blast furaces will be in Utah, while the refining processes will be carried out at the Pacific coast plants. The coke ovens and blast furnaces will very likely occupy a site offered by the city of Springville on the east ahnri nf TTtnh Into Thic nrtlnf is Ideally situated in respect to the coal and iron sources of Utah. Large limestone deposits .adequate rail facilities facil-ities and ample fresh water supply i are other considerations. I Estimates are that at least 2000 men will be given employment in the initial mines and plants to be operated oper-ated in Utah. As the Industry develops, de-velops, additional population will be required in the mill centers. Local financiers consider the move one of the most significant in the development develop-ment of the West and one that will go far to establishing the economic independence of this section. |