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MA OR eM ee R EB VY § 8 3 PROPERTIES OF LAKE SUPERIOR CORPORATION. Mr. C. D. Warren, president of the Lake Superior Corpora- tion, recently made an inspection of the works at the Sault and has expressed himself as highly gratified with the condi- tion of affairs as he found them. The steel plant and rail mill are in good condition and are classed as the main indus- tries of the corporation. They hope to have both plants working some time in August. The president and directors of the corporation during their~ visit concluded contracts which will keep the Helen mine running with an output of from 800 to I,000 tons a day throughout the season, in addi- tion to such shipments as are made to the steel works of the parent company. The Algoma Central railway, another prop- erty of the Superior corporation, was reported by Mr. Warren to have been built as well as the highest standard of American railroads. Similar report. was made of the railroad running from Michipicoten harbor to the Helen mine. Mr. Warren further stated that the water power canal and power house on the Canadian side of the Sault are in excellent condition and will be the means of encouraging many industries to locate there. The corporation also owns street railway lines, wood pulp mills, saw mills, machine shop and foundry, chem- ical plant and nickel plant. While the reorganization of the industries was in progress Mr. Francis H. Clergue furnished the Ontario government with the following statement showing the condition of the various companies at the time of the consolidation and the original cost of the properties: The Lake Superior Power Co.--Power development, $283,- 442.92; power building, $393,110.93; power canal, $200,092.70 ; compensating works, $288,820.77; power canal No. 2, $22,- 212.12; Gertrude nickel mine, developed; a part of 75,000 acres of nickel property owned by company in Sudbury district, $273,811.76. Nickel smelters, finished and in operation, etc., one 120-ton and one 220-ton capacity, $42,206.99. Helen iron mine, non-bessemer, Oct. 12, 1903, blocked out and drilled 2,615,200 tons. Siderite deposit represents millions of tons of bessemer ore, $259,100.02. Cariboo copper mine, not devel- oped; $11,046.11; copper nickel reduction, all finished, con- sisting of sulph, acid, briquetting, roasting, water, gas and oxygen plants, capacity 50 tons ferro-nickel daily, $513,- 657.28; copper-nickel converting plant, nearly completed. Converter in. place and machinery all ready to install, to con- vert 325 tons of ore per day, $65,320.96. Brick plant, finished and working, capacity 16,000 pressed bricks per day; 5 kilns and 80 furnaces. Clay bank owned by company about 2,000 ft. from plant, $102,392.70. Chemical laboratory, one of the finest private laboratories on the continent, $6,929.93. Chem- ical laboratory equipment, $10,299.66. Docks forming connec- tions with the Algoma Central and Hudson Bay railroad. Vessels of largest type on great lakes can load or unload, $8,460.47. Real estate, comprising a stretch of land (water front) for nearly five miles up the St. Mary's river (Canadian side), and other properties; riparian rights, $432,716.68. Iron range explorations, $56,793.89. Office building, $85,527.76. Tagona Inn, $29,093.96. Miscellaneous buildings and equip- ment, $27,007.11. Limestone quarry, at Cockburn, in Michi- gan, $6,103.99. Warehouses, $10,589.63. Steamship Siesta, $42,421.23. Rights to cut pulp wood, transferred to Commer- cial Co., including camps, equipment, etc., $118,243.03. Total, $3,289,492.60. The Michigan Lake Superior Co.--Power canal, completed and in operation 21% miles long, $3,622,804.54. Power build- ing, completed and in operation. Develops 44,000 H. P. or 60,000 electiical H. P. 25,000 H. P. sold. Owns a large acreage of land and water front. This land is becoming more valuable as the United States government is increasing its holdings for part and other purposes, $11,717,661.79. Elec- tric transmission line, $23,306.28. Real estate, river front prop- erty, extending inland. This property has increased very greatly in value within two years; all within city limits, $217,238.45. Docks, located on St. Mary's river, $34,184.25. Total, $5,665,195.31. f The Sault Ste. Marie Pulp & Paper Co.--Ground wood pulp mill, capacity 80 tons daily, $181,348.40. Ground wood pulp mill--tools and machinery, $327,683.49. Sulphite pulp mill, capacity 60 tons daily, $328,281.89. Sulphite pulp mill, tools and machinery right to cut pulp wood, $217,751.02. Boiler house, $6,077.05. Paper bag mill, in Michigan power build- ing, completed. Also makes building paper, utilizing only waste pulp from both pulp mills for its full capacity, $23,323.81. Warehouse..at'. Sault. Ste. .Marie, Ont., $16,330.10. Total, $1,100;895.76. Algoma Iron Works, Machine Shop--Tools and machinery for same. A complete and splendidly-designed shop in every detail and. equipment, $67,472.67. Foundry, fully equipped. Kept busy. all the time on work for the sub-companies, $67,807.44... Foundry--Tools and. machinery. The machine shop, foundry and blacksmith shop are capable of building railroad locomotives or any other engines; exceptional equip- ment, $4,363.45. Blacksmith shop, works in connection with foundry and machine shop, $13,243.51. Pattern shop is fully equipped with every modern device in the way of tools, ete. Pattern shop--Tools, etc., $12,586.74. Pattern shop--Tools and machinery, cost included in foundry tools and machinery, $12,586.74. Miscellaneous property, $497.12. Total, $295,159.81. Tagona Water & Light Co: Electrical plant, lights. Towns of Sault Ste. Marie and Tagona, $127,701.88. Water service, towns of Sault Ste. Marie and Tagona.. This company is a steady earner, with increasing possibilities as towns grow, $245,554.70. . Fotal,. $373,250.58. The Algoma Commercial. Co., Ltd.--Josephine iron mine, not entirely developed, seven analyses show iron 63.78, sulp. .209, phos. .023; two ore bodies, one Bessemer and one non- Bessemer; drills indicate a rich deposit; two drills have been worked, $111,263.41. Frances iron mine, "Identical with Ver- milion Range formation," $75,370.64. Grace gold mine, devel- oped 1,500 ft. of shafts and drifts, $133,806.27. Emily gold mine, undeveloped, but all indications point to richer deposit than in Grace mine, $18,849.04. Elsie nickel mine, developed and productive, $190,245.49. Woodbridge iron mine, unde- veloped, located in Mesabi district; 3,000,000 tons measured up, $119,073.42. International dock and railway terminals and hotel, railway terminal site for Union Station to be used by Algoma Central, Manitoulin & North Shore Railway Co., $93,519.18. Sault saw. mill dock, loading station for lumber ; this dock holds 3,000,000 ft. of lumber; another dock must be built to hold extra lumber, $14,888.78.. Michipicoten hotel, Algoma inn, $14,067.36. Tagona inn equipment, hotel owned by Lake Superior Power Co., $9,527.91. Veneer mill, in full operation, turning out 80,000 square feet per day; all product 'sold ahead, $112,483.06. Sault saw mill, in full operation, product all sold, cutting 30,000,000 ft. lumber a year, $142,- 564.30. Real estate, franchises, etc., increasing materially in value daily; $435,716.18. Land grants--Algoma C. & H. b. R. R., 673,400 acres earned subject to conditions; 814,000 acres more will be earned when railway is completed from the Sault to Josephine Junction, and when completed to Mis- sinabie 185,000 additional; total, 1,672,400 acres, $412,065.69. Manitoulin & North Shore R. R., 99,900 acres earned, subject to conditions. Investments at Michipicoten, consisting of buildings, warehouses, docks, etc., also at Searchmont, and at Goulais, of saw mills, etc., $61,859.83. Logging operations, supplies timber to pulp mills, saw mills, veneer mills, char- coal retort plant and kilns, etc., $180,847.64. Total, $2,126,- 238.23. The Algoma Steel Co., Ltd--Bessemer steel works, 750 tons Bessemer ingots per day, $2,277,181.36. Blooming and rail mill, 1,000 tons per day, dependent upon capacity of blast furnace at present, $155,734.27. Charcoal blast furnace, 150 tons per day; constructed to use either coke or charcoal with