The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-12-27

Several Enterprises Now
Under Consideration
by Combinations
of Capitalists.

ert Mound. a solid mass Of iron a mile
square Experts believe there is likely
to be iron under the level plain. al
though this has never been prcspected.
For eight miles around iron mountain,
in semi-CirCle. runs an enormous
ledge Of iron. 400 20 LOO feet across
averaging so per cent Of the best grade
Of metaIlic Iron. The deposits Of iron
on Iron Springs mountain are three
and q half miles long and 400 to zoo feet
across
Near Kanarra, a few miles away, are
other deposits of iron. but they are
less extensive and not SO good in quail
tty.
The principal part Of these wonder
ful deposits is held by Colonel S. 3.
Miner and his associates. The Colo
RADIO Fuel & Iron company is the next
heaviest holder. while the bulk Of the
rest that is Of value SIS under bond to
A B. Lewis
Can Quarry the Ore.
The ore is in such vast quantities and
lies i'm such a way thot railroads can
be built right into il and the mining
done with steam-shovels. BY employ
ing this method, experts figure that
the ore can be mined an 15 cents q ton.
The best the United States Steel cor
pOratiOn, with ell its great facilities,
can do, is so cents a ton.
This gives a Utah manufacture an
immense advantage i'm the start in b rs
raw material. bat this Rs not all. I'm
no other place On the United States is
Coking coal found So close TO the iron.
with lime or lluX alsO in >a0se prONiu-
ity WITH all these conditions so IA
vorable, the best experts IN the world
figure that BeEsemer pig iron (the ba-
sis for all calculations OF this chGrac-
teri can be produced in Utah cheaper
than anywhere else IN the United
States. 1t is estimated that under ia
vorable conditions Bessemer pig can
BE- Produced in this state for S4.72
ton. If done on a large scale. making
the coke at the works and utilizing the
/ products. Figuring on making the
coke in beehive ovens at the coal mines
and shipping the product the cost OF
making ton Of Bessemer pig would
be $3.50. The best the United States
Steel corporation. owning its own
mines it's own ore ships and its own
rail road and manufacturing on an
! enormous scale can do is 500 ton AL
/ lowing that IL cost even as high as So
! a ton in Utah, should the first enter
/ prise be on q small scale. the local
plant would have an enormous advan-
I tage over it's nearest competitor, the
/ Colorado Fuel e Iron company. Bes-
( semer. pig costs this corporation $l3
! ton
VIII supply Western Reid.
/ 1t is expected that a Utah plant win
/ at frst seek to supply the western rail-
{ roads with rails and confine itself 9TH
/ erWise to the intermOuntain and Pacific
/ coast market and the Oriental trade.
J This IN itself has possibilities 90 vast
/ they cannot be conceived without care
/ full study. At the present time the Pa
/ cifc coast alone Is consuming approx
mately 100000 tons of steel rails and
/ nearly 100000 tons OF pig iron. Utah
/ furnace and rail mill plants could un-
/ derseu all competitors and fan a short
/ time get the bulk Of this trade under
] ordinary conditions. The cost could
be greatly cheapened. which nor
/ maly would increase the demand. Sup
I plying the Pacific coast trade alone.
/ however. at SIS a ton for pig iron and
| SOS for rails would bring into the state
annually over $17.00O.000 and give en-
/ plOyment to many thousands of men,
] The prices mentioned would afford a
] handsome profit to a Utah plant al
I thought it would mean a cut of about
/ so a ton from prevailing prices.
] With such an enormous supply Of
raw material with the cost of pro-
/ duction 50 cheap. and with the market
| so vast, the possibilities OF iron and
steel manufacture in Utah are almost
Nmitless.