The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-06-28

the holdings of Matthew Cullen, the
Allen g. Campbell estate, Patrick and
Dennis Ryan, James McGarry, the
Cory brothers. Frank f NcGurrin and
brothers. the Duffy property and the
holdings Of the Utah Iron company, as
wen as others. This makes a total Of
over 5000 acres in the heart of the
Iron Mountain and Iron Springs dis
tricts. The coal lands secured are
scattered from the southern part of
the state to the central. Senator Lewis
says that much of the coal is Of a
good colIing variety.
The location Of the plant has not yet
been settled, but it win necessarily be
where there is plenty of water. The
works viii require an immense amount
and there viii be more needed to sup
ply the city which will be built up
around the plant
Employment For Thousands.
Employment for many thousands Of
men. with a monthly payroll agSre-
eating several hundred thousand dol
lars, viii be given. These men, with
their families, and the persons who
viii supply their needs, will make an
enormous increase in the population
Of Utah. building up a large city
wherever they may be.
Should there be fierce competition,
with anything like low railroad rates,
the new company would be able to
undersell the Colorado Fuel & Iron
company all through its territory. A
rate of y cent a ton a mile, which is
much higher than is given out OF
Pittsburg, would enable the Utah Fuel
& Iron company to lay down its prod
yet in Colorado for approximately $3.50
a ton when the MOffat road is COM
pleted and TO put ii in Chicago at
$3.50 a ton freight rates. The cost of
production is so much lower in Utah,
owing to the close proximity. high
grade and immense quantities Of the
iron and coal, that the Utah company
could sell its product throughout the
Colorado cOmpany's territory for what
il costs the latter, and still make a
handsome profit
Bessemer Pig For S4.72.
steel experts figure that a large plant
in Utah, making its coke at the works
and using the by-pTOducts. can make
Bessemer pig iron at SAP a ton, the
lowest cost in the United States. 1t
costs the Colorado company $3.50
ton, according TO the best information
obtainable here. The Utah company
could lay its product down in Pueblo
for SS.25 a ton. with low freight rates.
The cost to the United States Steel
corporation IS $3.50 a ton and upward
in its various works. The cost in Biz
mingham is So to SO and in the Senan-
go and AIahOning valleys Of Pennsylva-
MIA. independent furnaces are prOduc-
ing BessemeT pig at a cost Of 1928 a
ton. The market price in Pittsburg IS
around SIS a ton.
The Utah plant viii in all probabl-
ity make its first efforts to capture the
trade Of the intermOuntain region and
I the Pacific coast It is estimated that
the Pacific coast alone is consuming
/ annually 4S0. 900 tons OF pig iron and
300. 600 tons Of steel rails. With the in
I crease in population and the lowering
/ of cost by the new plant il is eX-
pected that the consumption will be
greatly increased. The trade of tbs
Orient viii also be sought, the new
plant having every advantage in the
I way of initial cost and low transpor-
tation.
Cost Of Plants.
/ The blast furna ces alone for the pro-
posed works should the capacity be
/ 240O tons daily. would cost $4,000 600
/ The by-prOdUct coke ovens would cos
over s., 600 GOO. A 2,O00-tOn rail mil
would cost 81, 900 .O0O Other expense:
in erecting the works would be ap-
proximately S1.00 000 A total of So
0G0 600 exclusive of working capital
cost of ore and coal properties, eX-
pense of opening them. and the cos
of building a railroad for assembling
the materials.
The cost of the road win depend or
( the location of the plant. The con
structiOn Of works to make structure
steel. nails and other products vii
greatly increase the investment.