New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-08-08
TO CONTROL TIE MENOMINEE DISTRICT
MILWAUKEE SYNDICATE BUYING ADDITIONAL
IRON MINES THERE.

IRON MINES THERE.
Milwaukee, WIS., Aug 7 Especial. The sale Of the
Florence, Youngstown and Iron River mines, i'll the
Mcnominee district to a syndicate represented by
Ferdinand Schlessger of this city, Will be effected
during the present week, unless some unforeseen OBJ
stacle presents itself Tie consideration is under
stood TO DO $8J00O0. The deal seems TO be a
long step in the direction Of Capitalization OF the
mining interests Of the MenOminee district, and 1t IS
expected that important enterprises in the way
OF building new railroad lines and Lakc-bot-
toms for orecanylng purposes will follow it,
The acquisition Of the Florence. Youngstown and Iron
River mines Will enable the Schlesnger party, after
the present season, TO put 100000 tons Of iron ore
upon the market every year. In addition to the
Chaplin which by far the largest mine in the group
Mr. schIesnger and his friends have tho Dunn mine,
near Crystal Falls, which they have been operating
more than two years and they recently purchased
from Angus Smith and Others the Armenia mine. in
the same neighborhood. The Chaplin mine Is generally
regarded BeSsemcr property, although the ore Is
50 the limit render the quality more or less
doubtful. All the other mines I'm the group, five in
number, lie a considerable distance north Of the
Chaplin. They are non nBessemer properties. The
Florence mine IS located at Florence, WIS. the Iron
River mine at stambaugh, Mch and the Youngstown
mine at Crystal Falls, Mioh., within few miles Of the
Dunn and Armenia mines. Angus smith, OF THIS CITY,
is part owner of the Youngstown mine.
The 100000 tons Of ore which the schleslnger
party, by acquiring the Florence, 1OunsslO"h anu
Iron River mines viii be able 10 produce annually IS
the sum of the present yearly output of all the mines
I'm the Menominec district with the exception OF
the mines al Norway, Mich. operated in conjunction
with the Cambria Iron Works, at JOhnstown. Penn;
the Ludngton Iron Mountain and two Or three non
Besemer properties in the northern part Of the district
there are no large mines the Menominee range out
side Of those which figure in the present deal ana
those belonging 10 the Schlesnger group Inc
Dunn. Florence. Youngstown, Armenia and Iron kVcf
mines are capable Of producing annually an
average OF 100000 tons OF ore, making 1'ooo'oOO
tons Of non-Bessemer per year Most oil the non
Bcssemer sent 10 market from the Lake superior
fields is mined I'm the McnOmlnee district; ana ihe
schles.nger party, with aggregate productive ca
pacty OF 100000 tons, will, IT is generally be-
neVcd, practically control the market lOf hvn-
Bessemer hematte. The prediction Is made that iuo
other principal DOn-Bessemer mines In inc sttIct
including the MastOdOn and Paint River, ana nlust
OF The promising new properties, viii be IN lhe haS
at Mr. SchleSinger and his friends before mex WIZ G
II is reported that MIR. Schcsngcf ls lncTcS'cu III
the construction Of new railroad from the MehOHhro
range 10 Escanaba- The Chicago and NOthW'slcln
Fal"ay az present enjoys monopoly OF the Iphoi1
frame IRON most points In the MenOminee srci "n
most OF The mine.0wners said 10 be deslf0us, OF
recurring competitive railroad service. Mr. schhles
niger II is also stated. intends 10 spend ABOUT
Sl5OOOO0 In building steel steamers for carrying ore