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MARINE REVIEW. 5 Iron Mining. a VALUE OF LEADING STOCKS, Quoted by Chas. H. Potter & Co., No. 104 Superior St. Cleveland, O. Stocks. i Cleveland-Cliffs Iron Biepiiig Seite ties $ oN oe Champion Iron Company.......2.....cccceccoss Be OOM? ne, as Sivingier Tron COmpany..s.csssessecdtscocssss Bs Oo. | =<ay ec fe eels (On iGompariy iors: chest c., 25 00 Yess Be Lake Superior Iron Company................. Be Go a8 a 86 a Minnesota Iron Company...............ceseee 100 00 "80 00 3. od Pittsburg Lake Angeline Iron Co........., 25 00 150 00 Reps blac tron Company... sccsccsevccsec-ce <0. 25 00 e 00 "24. 50 PRSIMASVC wre vseresscerenenesacsssarne cetentecansedececs ZOOS we weiner 60 00 MEEtONeD MPtpstHTee ets... bck esc sLe 25 00 8 00 IBRIORHETLONe nite steedaa. 1h. ltethareeek: 25 00 "2 00 275 EKOME BE] trcveseeceversnercatvanirenseceshuedeervs saves 25 00 2 40 25 * Ex. rights. _ Reports of fires at both the Chandler and Republic mines created some anxiety among stockholders during the past week, but the loss in either case has been found to be of little impor- tance. Timbering in No. 3 shaft of the Chandler was partially burned out, but there is a positive statement from the manage- ment to the effect that the loss will not exceed $25,000 and there will be norestriction in shipments of ore. At the Republic the loss was confined to the air compressor house and it is said to be very small. 'Transactions in stocks are very light and there is little in the way of dividends to encourage trading, The Pitts- burgh & Lake Angeline company paid $4 a share last week, mak- ing the total so far in the company's year, which ends June 30, $21 a share. It is probable, of course, that this great mine will in the three remaining months of the year pay the additional $4 a share, bringing the total up to last years record of $25 a share. A division of some portion ofthe profits of the Champion company had been expected, but an entire plant of new and more powerful machinery is being put in at the mine. Odanah Mining Company is the name of a corporation that recently secured control of the properties known as Carey and West Carey, Gogebic range. The value of the lease, as repre- sented by the transfer made a few days ago, is $52,300. Pickands, Mather & Co. of Cleveland are the sales agents of the new company, which has evidently acquired control of these proper- ties with a view to increase their development. . The Minneapolis Iron Company of Minneapolis, Minn., is among the companies organized lately to control Mesaba lands. The capital is $3,000,000 and the incorporators are George lL. Becker of St. Paul; A. R. McGill, Carmon N Smith, EK. M. Mabie and John J. Ankeny, all of Minneapolis; Walter S. Milner of Ex- celsior, Minn.; John McKinley of Duluth and A. E. Humphreys of Charleston, W. Va. Lake Underwriters. 'All of the general lake agencies were represented at a meet- ing held in Buffalo, Tuesday, and it was decided to continue - running the vessel register as heretofore, under the management of Capt. Daniel McLeod, with headquarters at Buffalo. In order to get the register out by April 1, as was thought best,last year's volume is to be carefully revised by Capt. McLeod, with the assistance of Capt. S. V. Parsons of Buffalo and Capt. William G. Keith of Chicago. Capt. Mcleod has been following up the repairs and new work so closely that the April issue of the register will be reliable for all practical purposes. The inspections that may be found necessary will be recorded in the first supple- ment, which will come out a month later. Work on the revision will be commenced at once. The following officers of the Inland Lloyds were elected for the ensuing year: David Vance of Milwaukee, president; Eugene Harbeck of Detroit, vice-presi- dent ; H. S. Sill of Buffalo, secretary and treasurer; W. J. Sand- rock of Buffalo; Amasa Fitch and C. A. Macdonald of Chicago, and J. J. Clark of Detroit, members of executive committee. " '© Informal discussion was had on the subject of hull rates, says the Buffalo Courier, 'and it is possible that a meeting may be held hereafter to attempt to bring about some uniformity 1n that direction. Although it seemed to be conceded that it would be impossible to get all the agents to abide by an agreed schedule during the busy part of the season, It was believed, by a few at least, that it would be well to have some sort of agreement for a starter. 'The general idea was that rates ought to be about the same as last season."' The Ice-Crusher St. Ignace. BUILT BY THE DETROIT DRY DOCK COMPANY, DETROIT, MICH. Attention is attracted just at present to the ferry steamer St. Ignace, which has been making regular trips across the Straits of Mackinac winter and summer for several years, on ac- count of information that the Detroit Dry Dock Company has. contracted with the Michigan Central, Grand Rapids & Indiana and the Duluth, South Shore & Atlantic railroad companies to build a larger and more powerful boat on the same plans. The St. Ignace is believed to be the only vessel of the kind in the ' world and as the boat has no trouble in making her way through from three to five feet of ice, the new steamer carries with it the suggestion of a polar expedition. The St.Ignace is 230 feet over all, 53 feet wide and 25 feet molded depth. 'The two stern- wheel engines are 28% and 53 by 48 inches stroke and the two bow-wheel engines are 26 and 48 by 42 inches. Her hull is 30 inches thick, steel sheathed. The new steamer will be 300 feet over all, 52 feet beam, 25 feet molded depth and will have 17 feet draft of water. She will have a propeller in each end, same as the St. Ignace, and be driven by separate compound engines, having a total capacity of 4,000 horse power. Four double-end boilers will furnish the steam for the main engines and the many auxiliaries, winches, capstans, electric lighting plants, etc. The auxiliary engines in the St. Ignace number twenty. The additional size and engines will give the new steamer 4o per cent. more carrying capacity and one-third more power. She will be housed in to protect the cars from heavy weather, and accommodations for the crew will be on the upper deck. The contract price is said to be $325,000. The dry dock com- pany will give the St. Ignace an overhauling as soon as the new boat is put in commission. The first cargo carried over' the Straits by the St. Ignace was eight locomotives of seventy tons each. A Steam Yacht for Mark Hopkins. In addition to the steel excursion steamer for V. Doller, Put-in Bay, the Detroit Boat Works has a contract for a wooden steam yacht for Mark Hopkins, St. Clair, Mich. This work to- gether with the manufacture of smaller craft and yawls gives the yard a busy appearance. The steam yacht will be 102 feet on water line, 120 feet over all, 16% feet wide and 7 feetdeep. Her engines will be the same size as those of the Doller boat, 972, 14 and 24 by 14 inches, and they will have a Deane independent condenser. A Roberts water tube boiler will furnish the steam. Something handsome and speedy may be expected, judging from other yachts turned out at this yard. Itis said that the Idler, built by the boat works, will try a Cain wheel when she comes out this sprng. Detroit Dry Dock Company's "Straightback." For some time past the Detroit Dry Dock Company of De- troit, Mich., has been engaged on plans for a very large steel. freight steamer called a "straightback,"and it is now announced that a boat of this pattern, 360 feet over all, 342 feet keel, 42 feet beam and 24 feet moulded depth, will be built at the Wyan- dotte yard of the company for Messrs. Selwyn, Charles A., John F., Charles F. and Newell A. Eddy and John Shaw of Bay City, who recently purchased the big steel steamer E. C. Pope. The price is understood to be $235,000. Original plans for the "straightback" contemplated a boat with a tumble-home to the outer deck, no between decks, a turtle back forward, iron railing instead of bulwarks, and all houses aft, including the pilot house, built up of metal and extending the full width of the ves- sel, with doors, windows and all exposed parts constructed in a very substantial manner. The hull with increased water bottom and one bulkhead forward is the same at both bow and stern as the present style of vessel built by the Detroit company. Whether these plans will be followed in the vessel now to be built or a new style adopted is not given. out as yet.