The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1921-09-29
UlAAnIRONI.i,IkOUS-
TRY ISlTO Be
DEVELOPED

already has in operation at Midvale
Utah 100000 steel mills mar.
AcuEs its products throughout the
koa,. announced from its general of.
hc,s in the Boston building, SAT-
Lake City. last Saturday its plans
ior ,Ae uovylUpment of Utah's vast
hon Cre mines in Southern Utah and
he installation of additional equip
nent at its Midvale plant which will
incre....e It's output to 5000 tons per
month.
This corporation began business al
Midyale in 1915 with Utah capital
and erected and equipped a plant
sosting Sl75,OOO In the six years
l its business life the plant has
grown to a $2.0OO.0O0 steel mill
and is now marketing Its products
hroughJIt the West from the Mis-
Iourl River to the Pacipic Coast. Ac-
scrding to statements of its officials,
ME capacity OF the present plant
ialls Tar shor of meeting the de-
nands Of the market and the con-
templated enlargement is being un-
xertaken not as speculative ven
ture, but to take advantage OF op.
% tgnlties the normal western mar
get affords.
Under certification by the State
Securities Commission the Utar
Steel Corporation has been permit
ted to dispose OF 10000 shares of
Cts percent cumulative preferred
stock, each share to carry as a bon
ns one share of commonstock OF no
par value. The aim of the corpora
tion will be to obtain this invest
ment Of 100000 in Utah. so that
the earnings Of the company as dis
tributsd as dividends may stay in
the state and continue to develop
rho resources OF the state. Already
Investment has been volunteered by !,
eastern capital, one offer being for
100000 worth OF the company's
stock This offer is from the Mckee
Co. Of Youneston. Ohio, manufact- !,
nsers Of steel mill equipment. Ac.
cordInx to Vice President N. Rosen-
blatt Cd the Utah Steel Corporation.
shis cffcr was made after the com-
pany had Investigated the plans OF I
sh~ Utah company and It's market
opportunities julius Kahn. resident
Of the Truscon Steel Company. the
largest manufacturers Of steel build
ing products in America, said in a /
letter TO Mr.. Rosenblatt that he con
Eiders the prospect OF the Utah Steel
Corporation the best ct any steel
sompany in the United States. In
statement given out at the general
Sffices Of the Utah Steel Corpora
Zion in Salt Lake City last week Mr.
ROsenblatt said:
The future of the iron and steel
industry in Utah is assured. Our
present plant has demonstrated the
profits that are to be made in this
BUSINESS. even when our only raw
sateriaI is scrap iron. We have in
Utah the largest deposit of high
grade iron ore in the United States.
emily 200 miles distant from our
Aidvale mills II is within 21 miles
OF the main line Of the Salt Lake
Route and a short raIlrond over a Il
favorable grade is all that is re-
suired to bring this ore to our plant. ID
We have already bought millions OF !
teas Of this high grade ore at a II
hishly advantageous price Only 100 ,
miles from our Midvale plant is ono 6
Of the worlds largest deposits of s
a 4
high grade cooking coal. and we have '
huying arrangements for unlimited 7
of coke under the most C
favorable conditions. Limestone is a
in the Salt Lake valley .
amt We have unlimited supplies with a
IA thirty miles Of our plant, some S
. ~