The Maritime History of the Great Lakes
Helena (Propeller), 18 Feb 1892

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      The announcement from Milwaukee this week that the steamers HELENA and VERONICA and other boats of the Milwaukee Tug Boat line have been chartered to carry 125,000 tons of ore from Escanaba to Ohio port at 95 cents a ton was a surprise to both vessel owners and shippers in Cleveland. That the transaction has been consummated, however, there is no doubt, as the mine, the Pewabic, is controlled in Milwaukee, and the Cleveland sales agents of the company say that freight matters are settled at headquarters. Last year's product of this mine was also carried by the Milwaukee Tug Boat Company. This is the first break from the demand of vessel owners for $1 a ton from Escanaba, but it is not likely to cause activity in charters for the present. The condition of the pig iron market is even worse than it has been for some time past, and ore to be delivered next season is not selling, for the reason that prices sufficiently in advance of last year to meet the increased lake freight charges can not be secured. Iron ore dealers still feel that the pig iron market, which has been so long depressed, must improve, and they are accordingly awaiting developments. Sales of ore, all told, for this year will probably foot up 3,750,000 or 4,000,000 tons. Probably 2,500,000 tons of this was disposed of early to the steel makers and covered by the freight of $1.25 from the head of Lake Superior. The balance, which is Bessemer ore going to some of the furnaces, is distributed largely among ore companies controlling vessel property.
      The Marine Review
      February 18, 1892

      Milwaukee, Wis., Feb. 18 - During the early winter months Milwaukee vessel owners did not let the matter of freights for the coming season trouble them much. An awakening is now perceptible, however, and from this time out they may bestir themselves. The ice was broken last week when the total output of the Pewabic iron mine, which will reach anywhere from 75,000 to 125,000 gross tons, was taken for the steamers HELENA, VERONICA, MARION and towbarge HELENA, (AMBOY, the latter is expected to be named) at 95 cents per ton. The Pewabic mine is owned by Milwaukee capitalists, hence the dicker was made at home. The ore product has already been sold. Shipments are to be made from Escanaba to Lake Erie ports. The Grand Haven fleet consisting of the steamers Ionia, Mary R. Boyce and towbarge Mary A. McGregor, will deliver 100,000 tons of ore to the Iroquois furnace at South Chicago from Escanaba. The rate is not mentioned, but as the Illinois Steel Company last season paid 50 cents, free of handling, and as this contract is of similar character although the ore dock is situated farther up the Calumet river, 55 or 60 cents may be the possible figures.
      The Marine Review
      February 18, 1892

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William R. McNeil
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Maritime History of the Great Lakes
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Helena (Propeller), 18 Feb 1892