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MARINE REVIEW. 5 Record of Speed and Big Cargoes. [Masters or owners are invited to report improvement on this list.] Iron ore: Lake Michigan—Maryland, Inter-Ocean Transportation Company, of Milwaukee, 3,322 gross, or 3,737 net tons from Escanaba. Lake Superior—E. C. Pope, Dry Dock Navigation Company, of Detroit, 2,718 gross, or 3,074 net tons from Ashland, light draft. Grain: W. H. Gilcher, J. C. Gilchrist, of Cleveland, 114,982 bushels of corn, Chicago to Buffalo; America, M. M. Drake, of Buffalo, 111,507 bushels of corn, Chicago to Buffalo. Speed: Owego, Union Line, of Buffalo, Buffalo to Chicago, 889 miles, 54 hours and 16 minutes, 16.4 miles an hours; Saranac, Lehigh Valley Line, of Buffalo, Buffalo to Lime-Kilns, 240 miles, 15 hours and 10 minutes, 16 miles an hour. Iron Mining. . VALUE OF LEADING STOCKS. Quoted by Chas. H. Potter & Co., No. 104 Superior St. Stocks. Par Value. Bid. Asked Cleveland-—Cliffs Iron Company.............. $100 00 Biciscises $ 80 00 Chanipion Iron Company:.....0..c.cccscseecess BE OO Se iivecastes. Nivestses Chandler Iron Company..:....0scsscecssesseees 25 00 37 00 39 00 Chicago and Minnesota Ore Company..... 100 00 ss eeswneues 95 00 Jackson LON (COMPANY ..5..<.0.sssseosenoeeee ses 25 00 go 00 100 00 Lake Superior Iron Company.............006 25 00 52 50 55 00 Minnesota Iron Company.......scccsecceeeeees 100 00 69 00 71 00 Pittsburg Lake Angeline Iron Co.......... D5 OO edhe tus t6>) T4400 Republic Iron Company.............s.0scesese. 25 00 29 0O 30 00 NIAC MAP ATAIIG.. cc. case tesnessecueseesercesevaiese Be OO Oe eiences 5 00 It is still impossible to obtain reports of shipments from all of the Lake Superior mines for the present season, but it is cer- tain that the entire output of the district up to July 1 does not exceed 600,000 tons, as against 2,890,240 tons on the correspond- ing date a year ago. The movement from Ashland is in advance of other ports, although the total from that port to June 24 was only 208,402 tons. On June 17, Two Harbors had shipped 77,389 tons of Minnesota and 53,230 tons of Chandler making a total of 131,069 tons, while 30,669 tons from the Ludington mine had gone forward from Gladstone. Regarding Marquette and Escanaba no definite figures have been given out but their ship- ments would not bring the grand total above 600,000 tons. Ship- ments of the different Ashland mines to June 24 were as follows: Carey 13,627 tons, Eureka 3,497, Trezona 5,368, Germania 1,768, Mt. Hope 11,012, Norrie 54,748, East Norrie 25,405, Pabst 32,977, Ruby 166, Sunday Lake 4,545, Ashland 20,541, Aurora 16,488, Tilden 4,379, Montreal, south vein 4,458, Palms 4,319, Bessemer 5,104. The government officials of Canada who are over zealous in their efforts to head off the investment of American capital in the mining region of northwestern Ontario, have brought on a depression in development that is decidedly discouraging to the people in that section of the country. A correspondent making a trip through the district writes: ‘Since the California gold fever of forty years ago, no new mining district has attracted such world-wide attention as the Sudbury nickel range. But when I left there last week there was not one-tenth the mining activity and interest anticipated six months ago, and nearly every one at parting said, ‘I wish I could go with you, for the Ontario government has knocked us out here.’ At Sault Ste. Marie a few prospectors were exploring on the surrendered In- dian lands back of the town. ‘They hate to leave the country, but can only see starvation ahead if they stay. Work of any kind is not to be had there except on the new canal which is progressing well but the wages paid are low. From one end of Algoma to the other I found a new movement being inaugur- ated, which is nothing less than the formation of the district into a new and separate province of Algoma. Many of the lead- ing men of the district, regardless of politics or any other con- siderations, are discussing the matter in dead earnest. ‘The idea probably originated in the recent proposal to separate north Michigan, just across the lake, from the south part of the state, on the ground that their interests are not the same _ Be that as it may, the universal dissatisfaction with the new mining act in Algoma is the immediate cause of the movement here. The ar- guments used in north Michigan apply with double force in Al- goma. There are rumors of a general change in the affairs of the Chapin mine, even to the system of mining, under the reorgan- ized company, and it is more than probable that everything per- taining to this costly property will undergoalterations in accord- ance with the conservative disposition of the new management. In Cleveland the company has established headquarters in the Perry-Payne building where Mr. G. H. Kent, vice-president sec- retary and treasurer, has taken up offices seperate from the firm of M. A. Hanna & Co., the senior member of which, Mr. M. A. Hanna, is president of the Chapin mining company. ‘The com- pany has sold very little ore in comparison with former years, on acconnt of the low prices that have prevailed so far, but will be in a position to take advantage of the improvement now ex- pected in the market. At the mine the working force has been reduced to about 900 men, mining not more than 1,500 tonsa day, with the shipments from stock pile and mine reduced to 12,- ooo tons a week. The Chandler enjoys the distinction of having produced the greatest amount of iron ore ever taken from a single forty. The mine is this season excelling its past record. Its average ship- ments are 150 car loads a day, twenty-five of which come from the newly opened north vein, or shaft No. 3. Thus the last acquisition to the mine bids fair to equal the old, as twenty-five cars a day is a remarkable record for a new shaft.—T wo Harbors Iron News. About 7,000 feet of track opening the workings in the new find of the Commonwealth company is now completed and ship- ments are about to begin. One of the footwall shafts is down and the. second one would have been finished but for delay in sinking, on account of a body of quicksand encountered in the work. Shipments from the new property will begin in a few days and the company will undoubtedly make a good showing. The Diamong Drill of Crystal Falls says that the Shafer, one of the most promising mines of that district, has made sales aggregating about 100,000 tons. So far this season 20,000 tons of ore has been shipped, one-half of it coming from the stock pile, which still contains 20,000 tons. The mine is now 295 feet deep and is resting at that. A new shaft, No. 3, is down to the third level, 280 feet, and will soon be ready for use. Mr. E. Florada, who has been in charge of the Dunn and Armenia mines for a number of years past, has resigned and is succeeded by Capt. Bennets, who is also an official of long service. The resignation of Mr. Florada was probably due to matters arising from the recent appointment of Mr. T. F. Cole to the general management of all of the Schlesinger properties. The Mesaba Iron Company held a meeting last week and re-elected the old officers—Alexander Ramsey, president; M. V. Mills, vice president ; W. W. Spalding, secretary and treasurer. The option of 9,000 acres of land to the Mesaba syndicate, now developing the property, was extended. At the Lakeside the diamond drill has penetrated the rock toa depth of 500 feet, and sufficient has been revealed to war- rant the sinking of a shaft, on which work will soon be begun. The prospects for the development of a mine are considered good.—Iron Ore. One of the Lake Superior papers figures that during the season of 1890 there were ninety-six mines of the Vermillion, Gogebic, Menominee and Marquette ranges shipping ore, as against twenty-two mines on the shipping list so far this season. A Small Reduction. Cleveland ore companies having the management of mines shipping ore from Ashland are advised of a reduction of 5 cents a ton in the rail rate on ore from the mines to Ashland over the Lake Shore and Wisconsin Central roads. ‘This brings the rate down to 65 cents a ton, and it is understood that the Chicago & Northwestern will reduceits rate on ore from the Marquette range to Escanaba to the same figure, making the differential be- tween Marquette and Escanaba 20 cents a ton, instead of 25 cents as formerly. ‘The prevailing difference between Escanaba and Marquette in the lake freight to Lake Erie ports has not been more than 20 cents of late, and the Duluth, South Shore & At- lantic was profiting by a 25-cent differential in shipments of ore by way of Marquette. The Chicago & Northwestern according- ly made application to the Western Traffic Association for the reduction. ‘lhe Ashland roads have always held to the same rate as that made by the Northwestern from the Marquette range to Escanaba and insisted on reducing their rate when the Mar- quette-Escanaba differential was changed. \