Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-03-29
Cement PLANT MAY
MEAN BUILDING ROOM
WILL BE TURNING OUT FIN
IsHEo PRODUCT BY
EARLY FALL.
Company Places Another Block o
Stock On Market In Order
to Erect Mill.

Persons who are familiar WITH the
operations of the Arizona Portland
Cement company and who know that
the mill that concern is erecting five
| miles east of Phoenix on the Tempe
road win be producing cement in ear
ly fall, are predicting a building
boom in Phoenix next winter as a re-
suit.
All the machinery and buildings
have been brought down from Roose-
welt and are already on the ground
All the grading and much of the ex-
cavating for the new plant has been
done and it is expected that the work
of setting up the machinery will be-
gin in three or. four weeks About
three months will be required to get
everything in running order, so it is
possible that the mill will be turn
ing out cement in August.
At present the company is making
financial arrangements to complete
the erection of its mill. Several call
meetings have been held recently to
discuss the concerns finances and
last Friday il was decided to place
SO. 900 shares of stock, comprising
part of what is known as Series
A." on the market at the old price,
20 cents a share. Par value is 81 and
the officers of the company are con-
fident that the stock will be worth
that much in a very few months.
Two of the strongest financial men
of the city have been added to the
board of directors. These men are
Emil CAM and Frank NJ Avis. botn
of whom are now taking a great in
terest in the affairs of the company.
Mr. CAM has been elected vice.
president.
A. G.. Hulett and Mr. Avis have
been appointed general sales agents
for the company's stock. A full In
vestigation on the part of everyone
is invited. Many people have made
a thorough investigation of the claims
of the Arizona Portland Cement COM
pany and everyone has been favorably
impressed. The company has no bet
ter boosters than it's own stockhold-
ers.
A radical departure from the usual
method of selling stock has been ia
ken. Anyone subscribing for a por-
ton of this last $4,000 shares to be
placed on the market does so with
the condition attached that he does
not have to take the stock unless
the entire block is subscribed for. No
one will put his money into propo-
sition that has not enough cash on
hand to place itself on a producing
basis Besides. the extra time gives
subscribers an. opportunity to make
arrangements for cash.
The company is very fortunate in
having secured competent. skilled &C.
ment men as employees. The general
superintendent is Paul Bovard. who
was the cement mill chemist for the
government at Roosevelt. F. NJ. Tup-
per. who reconstructed the mill at
Roosevelt and had charge of it
throughout the four years that it was
at the dam. is construction superin-
tendent of the company. Both these
men know the cement making bust
ness from the ground up and know
everything there is to be known about
this particular mill They have been
successful in the employ Of Uncle
Sam and the cement company be-
lieves that IT could not have done
better than it did in employing them
both.
Mr.. 1upper says lndl the ildChiheiE
should have a life of twenty years
II was in operation at Roosevelt four
years. but actually received only
about three years wear Therefore
il is good for at least seventeen years
longer.
Real estate men are taking par
ticular interest in the success of the
cement company for they believe IT
will mean an immense Increase in
building operations and. of course. a
demand for building sites. The COM
pany intends to sell cement at prices
much lower than it can be purchased
| for at present. for it can cut prices
away down and still make hand
some profit 1t is estimated that the
success of the enterprise will reduce
the cost of building in Phoenix one
| fourth.
|