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x > MARINE REVIEW. 5 lron Mining. , VALUE OF LEADING STOCKS. Quoted by Chas. H. Potter & Co., No. rog Superior St. Cleveland, O. Stocks. Par Value. Bid. Asked. Cleveland-Cliffs Iron Company.............. $100 oo pried ee $ 55 00 Charmpron- Irony Campativense.<c, earn: DIE (OO sss 5 ae eeseeee ents 35 00 Chandler MronsComl pam yes. mere 25 OO met Ged ettiene es 40 00 Jackson Iron' Comnipanyss.cetec tee 25. Ole. 2 Rema ncsi a: aR mare Rie Lake Superior Iron Company............... 2'5| OO hata tans istnain es Rove eee Mainniesotairom- Compatiye-can. ates waeecd 100 00 64 00 68 00 Pittsburgh & Lake Angeline Iron Co..... D5 SOO: o tinea neuen 135 OO Repub ite Trom- Com pat yards ores 25 00 9 50 10 50 SH lain srece sete dcanecke eee met acta ea oe eee QAO nce tree e to ee nomen Section hirty-threemes ere ccstcssse ee ZENO RE tare 4 00 BROCE RUOM <<, csc as ete mete css ee QSROO rs ae coe) iain dsm eee LOH EI tetss .ocegctines Seer ecto... mes ee DO LOOM seeeeettneee. 2 00 OLA Mercwtect estate ee eeecrin cones cea 25 00 eee 9 00 Duluth Stock Exchange quotations report sales of Biwabik at $40, Great Northern at $10 and Cincinnati at $2.15 to $2.25. Following are prices asked for various stocks in Mesaba range companies: Listed stocks--Biwabik, $45; Cincinnati, $2.30; Great Northern, $10.50; Kanawha, $2.50; Lake Superior, $3; Little Mesaba, $5; Mountain Iron, $101.50; Mesaba Mountain, $23.50; Shaw, $2.35; Security Land and Exchange Company, $20; Washington, $4. Unlisted stocks--Allegheny, $1; Aurora, $1; Buckeye, $10; Chicago, $2.50; Charleston, $1.50; Champion, 65 cents; Detroit, $1; Dayton, $1; Great Western, $4; Homestead, 10 cents; Kentucky, $1.25; Kakina, $11; Lackawana, 50 cents; McKinley, $28.50; Mesabi Chief, $5.25; McCaskill; 25 cents; Myrna. $1; Manhattan, $1; Northern Light, 50 cents; Ohio, $9; Oneota, $2; Pennsylvania, 50 cents; Rouchleau, 80 cents; Repub- lic, $1.25; Red Hematite, 30 cents; Standard Ore Company, $8; Tonawanda, $2; Zenith, $4,50. ; Olof Wenstrom of Marquette, mining engineer, has made au examination of the Republic mine, and gives it as his opinion that there is much in store for the company aside from the lenses now being wrought or in sight. The present lowest depth at- tained in the workings is about 1,000 feet, and he thinks the bottom of the ore basin at this point will not be reached in twice that distance, and by reason of this, other large bodies of ore should be found in ground hitherto unexplored. He advises thorough exploralion of the territory under the bottom of the . present pits.--Iron Ore, Ishpeming. Gogebic range shipments during the past season are greater than the shipments from any of the other Lake Superior ranges. The lake movement was as follows: Gogebic, 2,738,358 gross tons; Marquette, 2,383,555 gross tons; Menominee, 2,257,507 gross tons; Vermilion, 1,155,490 gross tons; Mesaba, 4,200 gross tons; total, 8,539,110. Rail shipments will not change the relative position of the different ranges. After a trial of three months, the Pittshurgh & Lake Ange- line Mining Company, operating one of the most profitable mines in the Lake Superior region, has adopted the eight-hour plan. The change is favored by employes as well as employers. Man- agers of the mine say that during the trial of this system of working the mine the product per man showed a material in- crease and there was no increase in the cost of securing the ore. A report from Duluth says that the Great Western Iron Company, owning lands on the Mesaba, has received an offer of 40 cents a ton royalty and $10,000 advance for a lease of 120 -acres in sections 9 and 10, 58-17 A great many attractive and costly calendars have been sent out with the opening of the new year by vessel brokers,insurance - agents and manufacturers in the different lake cities, but by far the most elegant is one issued by the Pemberthy Injector Com- pany, Detroit, Mich. Drop a postal card to the Penbertty com- pany asking for one of the calendars and the request will prob- ably be complied with if this motice in the Review is mentioned. The five masted auxiliary screw ship Maria Rickmers, which was built last year at Port Glasgow, Scotland, and illustrated in the REVIEW, sailed from Saigon on July 14, for Bremen and is now posted at Lloyds as uninsurable. The Rickmers is the lar- gest vessel of her class afloat. Her dimensions are: Length, 375 feet 7 inches; breadth of beam, 48 feet; depth of hold, 25 feet 4 inches. She is fitted with a 160 horse power expansion engine, the diameter of the cylinders being 16, 26 and 42 inches, with 27 inches stroke of piston. Her boiler is allowed a pressure of 160 pounds. She registers -3,822 tons grossand 3,344 tons net. Changes in Shipping Concerns. Some changes are announced with the opening of the new year among firms engaged in the shipping business. Mr. A, C. Saunders leaves the firm of M. A. Hanna & Co., Cleveland, one of the largest concerns engaged in the production and sale of iron ore and pig iron. Mr. Saunders has not announced his inten- tions as to business matters in the future. If he severs entirely his connection with lake interests he will certainly take with him the best wishes of everybody with whom he has had business dealings. Few young men connected with the lake trade are spoken of more favorably than Mr. Arnold Saunders. Everybody in lake business will learn with great satisfaction of the promotion of W. J. Sandrock to full membership in the insurance firm of Smith, Davis & Co., Buffalo. He isa hard worker, well versed in his calling and an excellent man. 'The fact that he was made chairman of the Detroit committee for formulating rules for the building of steel vessels, shows the high estimate of his worth. The firm of Keith & Carr, vessei and insurance agents, Chicago, has been dissolved. J. G. Keith will be joined by Den- nis Sullivan, formerly wrecking master for D. Vance & Co., Mil- waukee, in a new firm to be known as J. G. Keith & Co. Messrs. Carr and Bliss of the old firm of Keith & Carr will also begin a new business. . Personal Mention. Samuel Mitchell of Negaunee, who is a part owner and manager of the Jackson and other important Lake Superior mining properties, has just begun to give attention to business after a long siege of illness. Capt. J. A. Calbick of Burton, Calbick & Cook, Chicago . vessel and insurance agents, Capt. James Davidson, West Bay City shipbuilder, and Capt. Inman of the Inman Towing Associa- tion, Duluth, were among visitors in Cleveland during the week. "On a return trip from England some time ago, I had the pleasure of meeting James J. Hill on the voyage," said David Vance in Cleveland the other day, 'and I am satisfied that he will carry out plans for a steamship line on the Pacific. He out- lined his plans to me in a general way. His lake line of pas- senger boats will, of course, be a success, as the boats are inten- ded mainly as feeders of the railway now completed to the Pacific." Commander R. D. Evans, United States navy, recently ap-« pointed naval secretary of the light-house board, is receiving a great deal of attention from Washington correspondents. A recent issue of the New York Herald contained a two-column article on "Fighting Bob Evans' Magnificent Record," and other newspapers throughout the country have printed lengthy inter- views with the commander since his arrival at the capital. It is to be hoped that the influence of this new naval secretary with such an excellent record will tend to bring about a better feeling on the lakes toward the executive officers of the light-house service. Steel Castings. Commodore Melville, chief engineer of the navy, again refers in his annual report to the department's experience with manu- facturers of steel castings. "I am glad to be able to report," he says, "that we are now having less trouble in obtaining steel castings, showing that considerable experience has been gained and progress made in this art since we first began trying to get such work done for our new engines. 'That there is still room for improvement is shown, however, by the following experience: The bureau recently sent two designs for engine columns--one a modified form of box girder, the other a form of I beam--to four of the most prominent steel casting establishments in the coun- try, asking which of the two forms was regarded as the simpler to cast. One firm reported that it could cast either without diffi- culty; another said that it could cast the I beam, but that the girder was impossible ; the third firm offered to make the girder, but not the I-beam, saying that the latter was a form that no one could make, while the fourth establishment claimed that both forms were impossible to cast in steel." ST. MARY'S RIVER CHARTS NOS. 1 AND 2 FROM POINT IROQUOIS TO E. NEEBISH AND FROM MUD LAKE ENTRANCE TO E. NEEBISH, COR- RECTED TO AUG. 30, 1892, CAN BE HAD AT THE OFFICE OF THE MA- RINE REVIE W, 516 PERRY-PAYNE BUILDING, CLEVELAND, FOR 20 CENTS EACH, OR BOTH BY MAIL FOR 50 CENTS. BOTH CHARTS WILL BE FURNISHED WITH CLOTH BACKS AND BOUND EDGES FOR $1.