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MARINE REVINW. 7 lron Mining. VALUE OF LEADING STOCKS. Quoted by Chas. H. Potter & Co., No. rog Superior St. Cleveland, O. Stocks. Par Value. i s Cleveland--Cliffs Iron Company............... $100 00 ee - ae Shantmion [ron Company..........ccccccsseress 25 00 eae 58 00 ander Iron, COMpany........icsc.ccosssccs0, 25 OO ne gee mts ence: 45 00 Heekcon iron COMPANy..-........cecccseceewescs 2S OOH te sda 75 oo Lake Superior Iron Company................. 25 00 40 00 42 00 MainmesotaltOn COMmMpany......s.sccscecsssscses 100 00 70 00 73 00 mitcsprireh Ccodake Angeline Iron Co... 25 00. 2.2... 145 00 EMM Te GON COMPANY......es.ccerreviceee ss, 25 00 IO 00 12 00 PMG cet vesaics-secesssssvess Pern Steere oes eaaih ce DSROONS ce NED, SOME ED ne ate lh, Geta Cee Seemommiumirty-tHree. ...s.....cccccseceesceessce; 25 COOK ii.) = ehcyeaak 5 00 PMaPRESTAUOM tiers coe sh vce sa sesls owe iacassoxosdedecis 25 00 2 00 2 50 MrroRUMMES eal teete ce ane eaaeiiaie 6 vss viavies vi'ovevsa vey seeenece QS IOO- 7 Sen reece y 2510 SMU IGM ie ceeteies ie cs eGtocsiceivcivic steve s/sWoyibic's s,c/ebis clos ois 25 00 8 25 IO 00 Corrigan, Ives & Co., Tod, Stambaugh & Co., and Oglebay, Norton & Co. are among Cleveland sales agents who have already made arrangements for handling the ore of four or five Mesaba mining companies next season, and it is understood that Pickands, Mather & Co. are also about certain to have some of the new ores for sale. In fact it will not be surprising if all of the sales agents get a share of the new business before spring. Corrigan, Ives & Co. represent the Cincinnati and Hale proper- ties. The first cargo, which is from the Iron Mountain mine, will be delivered to Oglebay, Norton & Co. at Cleveland in a few days. It is now bound down on the McDougall barge 102. The Chandler mine, Vermillion range, which is close onto a record of 650,000 tons in shipments for the present season, declared anoth- er regular dollar dividend on the rst inst. Shipments of iron ore from Two Harbors up to and includ- ing Wednesday, Nov. 2, aggregated 1,103,320 gross tons, of which 625,962 tons were from the Chandler, 461,876 tons from the Minnesota, 2,525 tons from the Pioneer and 12,930 tons from the Zenith mine. Onthe same date shipments from Ashland aggregated 2,128,355 tons, of which 1,070,123 tons were from the Wisconsin Central docks and 1,058,232 tons from the Milwaukee Lake Shore and Western docks. The total move- ment from Ashland to the date named is only 42,201 tons behind the entire shipments of 1890, the year of the greatest shipments, while the movement from Two Harbors is already 223,306 tons ahead of the entire shipments from that port in 1890 and 209,039 tons ahead of 1891. More ore was shipped from Two Harbors in 1891 than in r8go. : A correspondent in the Engineering and Mining Journal says that Lake Superior mines irrespective of the new properties being developed on the Mesaba range can, if necessary, ship 14,000,000 tons of iron orein 1893. 'This is amistake. There is neither mining capacity nor dock capacity at either end of the lake route for such a product. The Duluth Ore Company has leased land on what is known as the Berringer forty of the Biwabik, Mesaba range, from John R. Berringer, John T.. Jones and J. B. Weimer, on a guarantee of an annual production of 100,000 tons at 50 cents a ton royalty, To Build Another Very Fast Launch. Messrs. McBride Brothers of Philadelphia, owners of the fast steam launch Yankee Doodle, which was destroyed by fire a few weeks ago, will probably build during the coming year another boat equal or superior tothe burned launch in speed. The Yankee Doodle was probably the fastest boat of her class in the world. Her speediest record was made on July 4 last, when 'she ran a mile on the Schuylkill river in 2 minutes 15 seconds, or at a rate of almost thirty miles an hour. The hull wa' 50 feet long and 6% feet beam; displacement, 4 tons; draught, 15 inches. Engine, 160 horse power; two 8x8 inch cylinders. Screw, 34 inches, 5 feet 10 inches pitch; two blades; 550 revolutions per minute. 'The boiler was quite remarkable. It had 410 one-inch Steel tubes, tested to 1,900 pounds to the square inch hydrostatic pressure; 360 feet tubular heating surface; weight, 2,000 pounds; grate surface, 8 feet; steam dome, a peculiar feature, 2x4 teet ; usual boiler pressure, 150 pounds. GET TWO SUBSCRIBERS TO THE MARINE REVIEW AND YOU 'WILL RECEIVE A COPY OF THE LIFE AND VOYAGES OF CHRIS- TOPHER COLUMBUS. Coal Movement to Lake Superior. As shown by the following table, coal shipments, hard and soft, to Lake Superior ports from the opening of navigation to Nov. I, were 370,204 tons in excess of shipments on the corre- sponding date in 1891: 1892, 1891, Months, net tons. net tons. Agora, sesiaadep thegadew ee ina djucemeant 151,495 10,919 Maly core siti atone vet ctnaedenan diedee tue 401,729 404,698 JUNO ees Peendee, addccs da tanceeas 462,564 390,674 ORUULYs aeeahereee ahice Ue eee towarsceecuneten 542,008 436,254 PA UIEUIS Lie ROA tesa ea maces tee seaeraeens 414,448 428 ,842 SeMteMmDetaceme.cemnme come e o0a OLS 351,517 OTOP Cie vans atc aac at wemmcneeevardss 852,027 294,831 MOURN PI so.c eeeeoees 2,687,989 2,317,735 The figures are from the monthly statements of Sault canal business. On Nov. 1 hard coal shipments from Buffalo to all up- per lake ports were only 366,559 tons ahead of the movement on the same date last year, so that it is still evident that the great bulk ot the gain in Lake Superior shipments is soft coal. The New Navy. Last Saturday the twenty-knot protected cruiser No. 6, Olympia, was launched from the Potrero yard of the Union Iron Works, San Francisco. The Olympia has 5,870 tons displace- ment, 13,500 horse power engines, is required to make 20 knots an hour, and her fighting equipment consists of four 8-inch and ten 5-inch guns, and six torpedo tubes. Her total cost is $2,387,969. The Oregon is still on the stocks at this yard and the Monterey is being completed. During the year this com- pany will have completed tor the government three war ships, having a total displacement of 20,070 tons, and has built for merchant service three steamers, having a total displacement of 6,127 tons. From the Brooklyn navy yard the Cincinnati was -- launched Monday. She is of 3,187 tons displacement, and her total cost is $1,833,388. ; Bids for the sea-going battle ship of 11,296 tons, and for the Brooklyn, an armored cruiser of 9,153 tons displacement, will be opened by the navy department Dec. 15. No Days of Grace on Inspection Certificates. Among the printed decisions of the treasury department for August and September, 1892, is one (13,266) directed to the collector of customs at Milwaukee, Wis., defining the duties of collectors of customs and other officers relative to steamers run- ning after expiration of certificate of inspection. The department holds that the certificate of inspection expires at a date one year from the date of inspection and that the statutes are violated if the time is allowed to over run a single day. 'The letter to the Milwaukee collector quotes the law on the subject and adds: '"'Tf, as you state, it has been a custom for many years in your district to allow 'a lapse of more or less time between the expiration of the time for which the boats were inspected and the new inspection,' you are informed that the department desires that such custom shall cease, and that all violations of law be duly reported. The department will then exercise its discretionary power in enforcing, remitting, or mitigating the penalties as the facts may determine, giving careful consideration to any mitigating circumstances that may be presented." Marine Review Liner Exchange. If you want new or second-hand machinery of any kind, want to buy a steambarge or steamer, or sell anything in this line, write a postal card to the MARINE REVIEW. We are almost certain to have what you want advertised inour columns or in our liner exchange. This costs you nothing, except the expense of being a subscriber to the REVIEW. We never fail to get you an inquiry or reply to this liner advertisement. Over 150 busi- ness concerns and private parties have been accommodated with this liner exchange.