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MARINE REVIEW. a lron Mining. VALUE OF LEADING STOCKS. Quoted by Chas. H. Potter & Co.,.No. 104 Superior St. Cleveland, O. Stocks. Par Value. Bid. Asked. Cleveland--Cliffs Iron Company....:......... $100 oo Pee $ 80 oo Champion Iron Company...............cc0e000 DEMOO eet. Laceee 75 00 Chandler Iron Compa tyes cc... 0.06.00 25 00 [MGP Gey 208 Seracocer Jacksor iron Compaityercc-s eta EO ibang: Seo deta We 100 0O Lake Superior Iron Company.............6.4 DS CON Ms Tie, Mee edoe aed Minnesotatdron Company.....-.1s:6..ic..5-+.5: MODs OO ius has. eee 80 00 Pittsburg Lake Angeline Iron Co.......... \ 25 00 TS 1002 yeaa wate vets Republic Iron Companiy:i;.., 2c. 8-2-0 ook 25 00 23 50 25 00 STE ee ap semsp'e ete cna-s cisec vs eusnairaaae DMO peda eet nett Alain oon Seeton eMinty-CHLee...a.-eiys. ct teen 25 00° ONOO ame ns scree: EP MEMULLES GOT eoate ees ASV a. vest cbc ca oSscnsivovdes 25 00 DEBT Sh Lae «iso : With indications of early sales and some profit in the busi- ness of mining Lake Superior ore next season, there are some signs of improvement in the market for stocks. The Republic Iron Company announces another dividend of 50 cents a share, payable on the 19th inst. The Gogebic Iron Syndicate, a cor- poration that was started with a great flourish in 1886 and has since maintained an existence, although the value of its shares has been reduced to nominal figures, is one of a number of com- panies that propose to make another trial for ore on account of the improved outlook. An assessment of $10,000 is proposed by this company. Cleveland representatives of the Ludington and Hamilton mines, which have been deluged by a big flow of water, seriously threatening the future of the properties, are ad- vised that pumping capacity equal to the flow of water has been secuted but nothing definite is given as to the outcome of the trouble. or. Clarence M. Boss, M. E., writing of mining matters on the . Gogebic range says: "In Michigan deep drill holes at the Norrie and Ashland mine show an abundance of ore at 1,500 feet verti- cal depth, and at the Aurora the drill showed the continuation of the wonderful Norrie lens under this property. Explorations are being prosecuted on the Geneva, but the Davis, Blue Jacket and Ruby are abandoned for the present. 'The properties be- tween the Ruby and Colby are working slowly with fair prospects. - Extensive development is in progress at the Colby and Palms with prospects of a large production should the market warrant it. At the Mikado a 14-feet vein of very good ore has been opened up, and the Sparta and Alpha, just west of the Brotherton, are mining steadily. These three mines will be added to the shipping list in 1892, or as soon as railroad facilities can be af- forded them. 'The Brotherton and Sunday Lake show no change, both being steady producers of high grade ore. The Comet mine further east is showing up well, and the Commercial, one half mile east of the Comet, has just cut the ore rim with the diamond drill. At the Wisconsin end of the range, the Windsor, Cary and West Cary, Section 33, and Montreal mines, maintain the even tenor of their ways. The Germania has at present very ~ little ore in sight, but the shafts are being crowded down by way of exploration. At the Minnewawa, Pence and Hennepin ex- _ploratory diamond drilling is the only work in progress. Ex- ploration is in progress on a large proportion of the properties along the range from Pence to the Tyler's Fork, but none as yet show merchantable ore in paying quantity. A correspondent writing from the Vermillion range says: "Chemical analysis showed the Minnesota ores of the past year vary from 62 per cent. to nearly 69 per cent. metallic iron, and from 0.060 per cent. to 0.040 phosphorus; Chandler, 64 per cent. iron and 0.038 per cent. phosphorus. There is a fair prospect for an increase of the Minnesota's output in 1892, and a great increase in the Chandler's is assured. A steam shovel, the first on the range, will be put at work loading cars at the Chandler, » The greater part of the present output from the mine comes from the new "forty," or shaft No. 3, from which 800 tons to 900 tons per day are being hoisted. Its capacity if pressed, is not far from 50,000 tons per month. The Minnesota and Chandler will each stock pile 300,000 tons this winter. The Pioneer promises to be a larger shipper next season. The vein of ore so long sought for was discovered a short time since, which, coupled with better management and improved appliances, indicates a bright future for the mine." New mining companies are being organized for the develop- ment of mineral properties on the Mesaba range with a boom fully equal to that attending the opening of the Gogebic range. Ex-Governor Campbell of Ohio and ex-Sheriff Sawyer of Cleve- land are mentioned as officers of one of these corporations,known as the Ohio Mining Company, and bearing the appearance of a boom concern. W. J. Hilands of Cleveland is also named as one of the officers. The Minnesota company has begun explorations - on the range, Mr. D. H. Bacon giving personal attention to the work. Ind icator Cards From the Emily P. Weed. Indicator diagrams presented herewith are from the triple ex- pansion engines of the steel steamer Emily P. Weed, which were built by S. F. Hodge & Co., of Dettoit, Mich. This series is designated No. 2 by the builders and will be followed in the next two issues by No.5 and No.7. Series 2 and 5 were taken on the same trip and series No. 7 some time later with a reduced blade area of the propeller. The cylinders are 23, 37 and 62x42 inches; steam in this case 152; vacuum 2534; revolutions 75; to- tal indicated horse power 1,080. H.R CYL, ame we ew te tw eww mee XN \ Cx ES 2 NX 4 \ 7 \ é We pet IS c \ 7 Se e N - ~ -~ geale 80 ' \ as ca @ SN é Noes pins ¢ Ne TSS ¢ EEN Bina'. v 'SN "7 ss : oe 8 eae ee ae ee ew i --~ " ein oe -------= Ie . XN -------- Nn, \ oo SN y \ - N 7 eS es é : oo =~ 4 oh ae Sr 7 N mon 40 eins 4 \ oo Seale Soe ' AK a Skee s - ~~j 4 - oan 2a - a a a oi x oe s ; - SSL A OSE Ce SS ea a ee ew MEP 22°85 HP 329 -- ea 27 J o ' 5 T aie \ = ee { 6:4 as eae 6°% ! fe \ : | \ ts --7~ a al Paine 6 pee inns ~~ ye 4 eo eres B are Bel \ -- --- oe CALE 10 Sete Es SCAL Je aot don es ~~ ee Be Naa A = ) aa "Wirt sa a ass scr re arr ee ers men rare a The following changes in the stations and duties of officers of the corpsofarmy engineers are ordered: Maj. James F. Gregory, from Washington, D.C., to Milwaukee, Wis. and relieve Maj. Charles E. lL. B. Davis of the duties under his charge Maj. Davis will take station at Washington D. C., and relieve Capt. Thomas Turtle of the duties lately under charge of Maj.Lewis C. Overman. Maj. Ernest H. Ruffner, now at Quincy, IIl., will turn over the duties under his charge temporarily to Maj. Alex. Mackenzie, and proceed to Buffalo N. Y., and relieve Maj. Amos Stickney, who will take station at Cincinnati, O., relieving Maj. Daniel-W. Lockwood of the duties lately under the charge of Lieut. Col, . William EH. Merrill,