The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1888-06-02

both pits Mt depths Of ten feet good ore
has been found, and 1t is believed that
the property will prove TO be good one.
Reporter.
The option Immediately south Of the
Blaney mine, on which work was done
last summer by John r. Jones, Is 10
again he taken up and considerable work
done. Mr.. Jones developed fine body
OF ore, but abandoned il because it did
not give Bcssemer returns as he had ex-
pectcd.
Capt. Thos. McCusker is still working
his promisingpropcrty on section twenty
three, 1882. Owing TO an abundance
Of water he can not do much until he
puts machinery in. He informed the
writer that he Is negotiating with out side
gentlemen OF means and will probably
make "a sale.
Supt. j. ~ Porter was in the city on
Wednesday and made the remark that
the Youngstown folks were trying as hard
as any to make contracts but hadnot as
yet succeeded, but had not given up try
ing. At present the prospects for the
resumption OF work mt that property are
not the most flattering.
Four months ago il was stated in these
columns that the out look for the season
did not justify the hopeful anticipations
Of the mining districts, and an estimate
OF the 1883 output was mt that time put
at $500, 900 tons, nearly million less
than the record for 1887. Events have
fully justified this prediction, and itmay
be said-regretfully, but none the less
truly-that the present season will prove
n failure to all the iron interests, ore,
furnace and carrier The causes leading
to this opinion are ofacharacter too well
known to require elucidation; but, while
there may be differences OF opinion M TO
the factors that led 10 the suspension OF
business there can be no doubt as to the
result. The total sales To date-always
"A matter kept 'under the hat'-are by
competent judges estimated To be less
than Toe, 900 tons, while at the cores
bonding period last year, no less than
100000 had been covered. The per-
sistent refusal Of the furnace interests To
purchase any ore, except in dwindling
quantities, and their offer for large lots
Mt prices which the ore producers cannot
make and live, has resulted in the de-
termination ON the part OF the owners OF
h.a s.t.. 1aht Ann
mines, on the Gogepic range, Ia suspend
mining; and II the market does not show
early signs of reasonably strong de-
niand, 20 shut down altogether. IL Is
said that several large consumers Of Co
gebic Bessemers are maintaining an Mt
titude Of what an Americanism calls
bluff" with view to still further de-
pi essing an already weak market. Wnile
the miners may be willing To risk the
depletion and consequent depreciation OF
their properties 60 make a small margin.
they do not see their way clear 10 work
at dead loss, and so the Indications
point to the cessation OF operation i'm
the quarter referred to. The three mines
above named have stock piles aggregating
about 100, 900 tons, and the sincerity OF
the producers in their resolution To sus-
pend operations IL attested by the fact
that they are letting go of some charters.
obtained at extraordinarily low rates.
The Colby il said 10 be- ~ trihe better off,
having less labor and no royalty TO pay
for, but even here there IL ~ dcarth Of
sales, and little prospect Of speedy Inn
provement Hard ores do not appear
To find "a better market than is the case
with hemattes md the condition OF
affairs il thoroughly unsatisfactory
Cleveland Iron Trade Review.
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