The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1888-02-25
MINING NOTES.


A Small Budget Of News-Ths Bianey
mine again changes hands.
The working force OF the Smith mine is
TO be reduced to three men-just force
sufficient TO keep the water out will be
retained-begining with March L.. This
arrangement win continue until the plant
OF machinery is put in when full force
viii be put ON and the mine actively
wrought.
The main shaft at the McCusker ex-
ploration on section twenty-thrce, 43-S2,
has reached depth Of forty-iour feet,
penetrating eleven feet OF merchantable
ore, though not SO clean as could bc
desired and bottomed in IA jasper lorna
ton, which Of itself causes no great alarm
on the part OF the operators, as IL is
entirely out OF place, and will, IL il
thought, prove to be only Gaping or a
horse of rock, as IL runs at right angles
with the formation, which has a course
OF nearly north and south. Nothing
more viii be done in this shalt until
spring, when it will beput down and the
true state OF affairs aseertained. The
work now being done il confined tn test
pitting with a view of locating the west
wall; the east wall having been defined
and in iron slates, the same as that Of
the other finds on the new range. Not
enough work has yet been done To claim
N mine, but il is certain that considerable
ore exists there and il In hoped that
Capt. McCusker will be successful i'm his
search for the main body.
The Blaney mine, ON section twenty
seven, 1882, has been again sold, or 10
about TO be. This time the purchasers
| being syndicate OF Cleveland capitalists
headed by the well known iron man,
w. j. Rahill, who will mine the ore and
consume IL themselves i'm their furnaces.
The property was formerly owned by
Julian NJ. Case, OF Marquette, and Green
Bay and Milwaukee parties, who last
spring, sold TO the Waunetta Iron Mining
| Co, ~ concern composed OF Milwaukee
gentlemen OF wealth, but since the trans
fer the property has been wrought TO no
extent worthy OF mention, the cause
being assigned therefor IL that misun-
derstanding existed between the owners
some Of them wanting To work il while
others did not. Things had advanced to
| that state where something had To bc
done--either sell or 20 to work or lose
the whole thing. Ii il purported that
the last idleness WIS due To the faet that
"a lease was under consideration. The
property Is "a good one and it is earnestly
hoped that the reported sale is true, Tor
4
what there IL IN IL, and that cannot be
extracted without work and to work il
will place another mine IN the Crystal
Falls district ON the active list. The
property NJ equipped with "A hill plant OF
mining machinery and a good vein OF
Bessemer ore has been developed.
! Although month has passed since the
opening oi the regular selling season, ore
sf Int
and no inquiries are reported from any
source. The prediction OF the producers
who, some weeks ago, forcshadowed the
| condition OF the ore business, seems to-
! have been well founded, and the chances
/ are now that another month will elapHe
before the sale oi ore in any considerable
quantity. Furnacemen are deprcssedby
the practical realization of the fnct that
the Calnegies control the iron market,
and do not ieel in the humor to bny ore.
The only encouraging feature ~ tho report
from the coke manufacturers, 10 the
effect that their total produot for 1883
is sold at ruling quotations-$l.7 10 T.,
furnaces, $i.S5 To dealers and 50 %
foundrymen. As far ~ the coke men are
concerned, IL may bc stated nuthorita-
lively that the price will remain at the
present figures. During the week, another
| lot Of rails was taken by one or two
roads, aggregating about $4,000 tons;
and the price, as before, was $.,l .5U
which means $33 i'm Cleveland. But the
market does not appear To be affected by
these orders, and no activity is displayed
in any quarter. IL IL stated that the
1883 output viii fall far below that Of
the past season, and that even the re-
duced output would depend in quantity
upon vessel rates. Theproduccrsd dcchne
10 quote, even approximately, the prob
able price Of new ore, but the chances are
that, with lower lake freighte, the pro-
ducerr will he enabled TO place their ore
on the market nc prices somewhat below
those OF 1887. For ore now ON docks,
the following are the ruling quotations:
No. specuar and magnetic Besse-
mer ores per ton. ..-.........-........ OOmT 30
No. Specular lnon' Beseemer) ores
per q OO@8 B5
Bessemer Hemntit .,................. 76GB To
Non Beaaener Hematites.............~ 8 nOm5 CO.