The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-19

One and one-third tons coal at SIS. o.
l Cost OF COking .......................... 80
Total cost of coke ....................Ss a
Less credit for ammonia, tar.
benx0le and 5000 feet OF gas per
ton OF coal -----.-.----....-. ~
Net cost of coke .....................a q
This effects a saving Of s0.7S on the
coke necessary for each ton Of pig,
bringing the cost Of production down
to $4.72 a ton.
Figuring the cost Of Bessemer pig at
S., however. there is an enormous
profit IN selling it direct or manufac-
/ tUred into rails. as follows.
Cost of rails based on Bessemer pig
iron at Sc and 81 for conversion into
rails -..-..--..-.-. go
Present selling price al works.......... q
Six hundred thousand tons Of rails at
SIS per ton, profit 100000.
Ample Market For Steel.
The price OF rails could be reduced to
SIS, increasing the consumption, and
the total profit on GOO. 900 tons would
still be 5000. 900. II the demand for
rails did not exceed 10000 tons, max
ing a profit of 81, 600, 900, Bessemer pig
10 the extent Of 100000 tons could be
marketed on the Pacific coast at 81 a
ton at the works. making a profit Of s.
a ton. or $1,000 900. and a total profit of
$4,000 coo. The present consumption Of
rails on the Pacific coast alone Is 300
600 tons and Of pig iron $4,000 the San
Francisco prices being S4S for the for
mer and $3S for the latter. With the
prices practically cut In two, as Is pos
sible with the Utah works, the demand
Hel 81 "a
railroad tonnage growing out of a plant
like this is estimated at 10000 tons
daily The present Pittsburg price for
rails Is $24. and II costs SO a ton 10 de-
liver them in San Francisco. 1t is ex-
pected 90 deliver Utah rails In San
Francisco for s. a ton
A plant Of the kind figured on under
these plans would pay out at least So
100000 annually in wages alone. and
would mean the building Of a city of
not less than 10000 population.
Colonel $. b. Miner and his assOCi-
ates have under consideration the
building Of a plant on a somewhat more
modest scale. but likely to be the nu-
cleus of an enormous steel business in
Utah. They are preparing TO put in a
blast furnace with a daily capacity Of
500 tons of pig iron. or this Il is
planned 10 convert 800 tons into rails
and sell the balance as pig. The cost
OF production would be much higher on
this smaller scale but the pig iron
would be sold at the works a Pittsburg
prices, or around SIS a ton. while the
rails would be sold around S28, present
conditions prevailing when the works
were In operation.
Pig iron at present sells for S3S a ton
IN Salt Lake City. With a price of SIS
ton for the pig iron in Utah and
cheap freights to the Pacific coast, an
immense stimulus must necessarily be
given all lines of iron manufacturing.
All kinds Of foundry work. structural
iron and steel manufacturing and the
making Of various other products OF
steel are sure TO follow on an increas-
ing scale.
A plant of the character under con-
slderation would mean the regular en-
pl0yment Of 800 men. Four hundred
men would be employed at the works,
300 In mining the coal and making coke,
and 200 IN mining the iron.
Recent Reports on Iron.
A recent report on the iron mines
and the conditions relative to pros
pective manufacturing IN Utah Is as
follows.
The iron properties In Iron county.
southwestern Utah, are situated in Iron
Mountain and Iron Springs districts
which are about twenty-five miles
southeast of the Oregon Short Line
railroad.
The deposits cover an area fifteen
miles long by about three miles wide.
the ore showing on the surface at three
different points. The ore is principally
soft red and brown hematite which
can be handled easily by steam shovel
except where bIoWouts occur. which are