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Weotr’ Mining. : _ VALUE OF LEADING STOCKS. by Chas. H. Potter & Co., No. 104 Superior St. ie et oii + Past Value, Bid. Asked. ning Company............ $ 25 00 $1500 $ 16 00 ROMPANY......06....0es000000 25 00 80 00 90 00 ndler Ir COMPANY -.0.09.000530...60000005 ~ 25 00 39 00 40 00 shicago and Minnesota Ore Company..... 10000 sees, 100 00 Iron Cliffs Iron Company........eeeeees ee OO aca 120 00 Jackson Iron Company............ Seaewuensiasss 25 00 90 00 100 00 Lake Superior Iron Company............006 25 00 62 00 65 00 Minnesota Iron Company................c00008 100 00 68 00 70 00 Pittsburg Lake Angeline Iron Co........... 25 00 145 00 150 00 _ Republic Iron Company..............0000 25 00 26 50 28 50 _ Michigamme eal elae ee er 5 00 werk. _ Among the mines of the Menominee range, the Common- wealth is attracting most attention. The stripping on the new find of this company is progressing rapidly and everything is in readiness to g@ ahead with the construction of 8,000 feet of spur track. the ore body has proved up fora length of about 700 feet and averages where crosscut about roo feet in width. There is in stock at the mine now about 30,000 tons of ore, and it will be possible to ship from all the openings, if the market warrants it, 150,000 tons. The company has sold some ore. Chapin’s working force has been cut down so that it is now less than 1,000 men and the daily output ranges from 1,300 to 1,500 tons. The report that the Great Wesrern mine at Crystal Falls had closed down ard removed the pumps was caused by a reduction in the working force. The stock pile of the Great Western contains 15,000 tons of ore. Owing to the fact that the cost of reopening the lower levels of the Norway mine, closed by the recent cave, will be much more than the value of the ore that could be secured thereby, the pumps will be pulled out, and future work will be done above the water level. At the Millie only a few men are employed and the stock is not more than 7,000 or 8,000 tons. Duluth citizens held a meeting a few days ago to consider the matter of a railway from that city to the Mesaba and Ver-~ million ranges. Already two companies are organized to build railroads in that direction, both of them speculative, prepared to go with their terminals wherever the greatest inducements are offered, and ready to sell out. It was proposed at the meeting to have Duluth and St. Louis county issue bonds for the building of the road, and thus own and operate it. A committee was ap- pointed to consider the subject on all sides and report later. It is said that the road would not cost more than $1,000,000. The district abounds in valuable timber in addition to its great mineral wealth. The Norrie is the only Gogebic property that has as yet shipped any large qnantity of ore, and the shipments of this mine have not been more than 4,000 tons a day against 6,500 to 7,000 tons a day last year. The shaft at the North Pabst, now in mixed ore, has been sunk to a depth of 472 feet, and 20 feet more will bring the mine into good shipping ore. The Comet has about 15,000 tons in stock, but attention is being given now to development. ‘Two shafts are now being sunk on this proper- ty and an additional one on the Norton (formerly Pittsburgh) adjoining. John M. Longyear, the Marquette millionaire who is well known in connection with Lake Superior ore interests, said a few days ago in referring to the depressed condition of the market: “ There is literally no market for iron ore. We have overdone the thing—killed the goose that was laying the golden egg. Lake Superior can supply the world with iron, and it has been doing so; but not having access by rail or lake to Jupiter, Mars, Saturn and other planets, the market cannot absorb all that we are able to get out.” Young men who have rendered valuable service to the ore companies during the past several years of prosperity among agents of the Lake Superior mines are being rewarded in Cleve- land. ‘The latest announcement is that Mr. W_ H. Becker has been admitted to membership in the firm of J. H. Outhwaite & Co., agents for the Lake Angeline and other valuable properties. The members of this firm now are J. H. Outhwaite, William G. Pollock and W. H. Becker. The East Negaunee mines, Schlesinger syndicate, are being worked very actively and will make a showing in shipmerits equal to any of the mines of the Marquette range. A big sale of the ore MARINE REVIEW. : of these mines was reported a few days ago. ‘They have nearly 200,000 tons in stock. ‘The Cleveland mine of the same range has about 70,000 tons in stock and the Volunteer 30,000 tons. The Winthrop Iron Company has purchased the old steam shovel of the Lake Superior company for use upon its.stock piles. The big new shovel of the Lake Superior company is not yet working well. The power is said to be short of requirements, but this can, of course, be remedied. fe Mining Engineers. The American Institute of Mining Engineers will hold its fifty-ninth meeting in Cleveland, begining June 2. Opportunity will be given for the discussion of papers presented at the New York meetings of the Iron and Steel Institute of the society and at the international sessions at Pittsburgh. The topics named below have been suggested, and all papers relating to them will be subject to comment, and new facts may be introduced inde- pendently. The topics are as follows: ‘The Preparation of Antracite Coal, Mr. Coxe; Bituminous Coal Mining, Mr. Ramsey; Methods of Analysis of Iron and Steel, Professor Langley ; Electrical Motors, Mr. Spaulding ; Electric Welding, Professor Thomson ; 1 essemer Practice, Messrs. Howe and Cabot ; Open- hearth Practice, Messrs. Campbell, Thielen, and Wellman; Blast Furnace Practice, Messrs. Wedding, Gayley and Shinn ; Rolling Mill Practice, Messrs. Daelen, Wedding, Wellman and Morgan ; Tunneling, Mr. Carson; Compressed Air Motors, Professor Jacobus ; The Magnetic Separation of Iron Ores, Messrs. Jones, Fowle, McDowell, Ball and Birkinbine ; The Chlorination of Sulphides, Messrs Thies and Phillips. Big Importation of Canadian Logs. . About 160,000,000 feet of Canadian logs from the Georgian bay district will shortly be taken to Michigan points and manu- factured into lumber. ‘The transportation of this lumber will result to the advantage of the American carrying trade but it is worrying the Canadians. The government of Ontario decided some time ago that the sales of timber limits would be subject to the condition that all the logs cut therefrom must be sawn in the province, but the timber land from which these logs were taken was secured previous to this announcement on the part of the Ontario government, and now the American owners of the logs are taking them to Michigan under the Canadian ruling for the removal of the duty on logs to meet the requirements of the McKinley tariff act. ‘The conditions under which the timber limits of the provinces are sold are under the exclusive control of the provincial governments, but some of the Dominion papers are now pleading with the Dominion parliament to stop this , movement of logs into Michigan, on the ground that it isa question of customs duties. Detroit River Lights. Advices from Ottawa are to the effect that there is little hope of the Canadian government relieving vessel owners of the expense of maintaining private lights on the Canadian side of the Detroit river during the present season. Some of the Canadian vessel owners and two or three of the members of parliament from the lake districts, among them Hon. William McGregor, have been engaged in an effort to have the department of marine and fisheries take the matter up, and they have succeeded in causing inquiry on the part of the government regarding the cost of maintaining the lights, but the officers in charge are decidedly opposed to increasing expenditures in this line. Surely the American government has done its share many times over toward improving the connecting waterways of the lakes, common to the shipping of both counties. The MARINE REviEw presents valuable statistics. The MARINE REVIEW presents beautiful supplements. Each number is worth keeping. Send 75 cents to the MARINE RE- view for a binder that will hold 52 numbers.