The diamond drill., 1888-03-03
MINING NOTES.

Machinery will be put in position at
the Smith mine as soon as the snow dis
appears and the ground settles.
IL is predicted that much exploratory
work will be done i'm the immedinte vicin-
ity of Crystal Falls and ON the new range
during the coming summer. The new
range is already attracting attention of
outside men of wealth.
II is predicted that much exploratory
work will be done in the immediate
vicinity Of Crystal Falls and ON the range
during the coming summer. The new
range is already attracting attention OF
out side men Of wealth.
Operations ut the Parks, Tobin and
Gonyou exploration, on section twenty
three, 43-32, has been suspended for a
time. The showing obtained is very en-
cournging and work will be resumed as
soon as the snow goes off.
Preparations for placing the boiler,
pump and hosting drum in position at
the Hollistcr mine are being rapidly
pushed forward and the work OF erecting
the plant will in all probabilities be com
menced next Monday. The machinery
occupies n stand at the "old north pit, !"
at which point tho vein has been cross
cut distance OF forty-hve feet and en-
countering but one wall. Ii IL expected
that most OF next week will be occupied
in getting the machinery in order, when
the shalt, which is now about forty feet
deep, will be put down an additional
sixty and the find properly show up.
Nothing has occurred during the week
to disturb the sleep OF the alternating
ore interests, and there In M little pros
pect as ever for "a speedy galvanizing into
activity oil the dormant iron ore market.
The dealers have no inquiries To report
and, in view OF the large quantity of ore
ON docks, are not disposed To make any
effort 10 SELL They concede, however,
a reduction from last seasons prices, Of
hall "A dollar per ton, while the furnace
men-those of them who are at all
disposed 10 talk of orc-say that prices
must come down 81 20. This may not
be encouraging To the ore interests, but
it is still less 40 FOR the vesselmen who.
10y this time, are beginning To realize that
"a reduced output, coupled with an i'm
creased tonnage, is hardly conducive TO
good freight rates. Nothing new IN
reported from the rail market. The
railways still appear To be holding off,
and orders are scarce and OF small
amount. How long this will continue is "A
matter of little doubt. Good judges say
tntt Wltnlu TWO fnOutns every rail- mill
I'm the country will be in full operation.
IL In evident that, leaving alone all new
construction work, the orders for replace
ment must come, and must come soon.
The railways carry no stock Of the $40
article, and must sooner or later be in
the market. The rail mills-purposly,
perhaps-have very little material on
hand and the chances are good for "A $:4
price, on the Pittsburgh basis, when the
rush comea. The action OF the furnace
men in theNalley, in asking reduction
i'm the price of coke, has not as yet had
any perreptible effect, but IL is believed
that before long, coke will befurnished TO
furnaces at 81. 90 a reduction OF twenty
five cents. The railways ARE also To be
asked TO grant n reduction In ireights, 40
as more nearly TO place Western furnaces
on competing basis with Central fur
naces. In the absence OF any 'SS prices,
we quote IA follows:
No. I specular and magnetic Besse
mer ores per ton. .........97 OO07 so
No. specular mon -Bessemerl ORES
per ton. OOMo 90
Bcsscmcr Hemetite- ................ 1899 76
Non -Bcssemer Hematites. ............... OOmB 90
Cleveland Iron Trade Review.