Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1892-10-06
CROWDED With WORK.
Great Deal of Activity in Iron
Manufacturing Circles.
ROLLING MILLS KEPT BUSY.
The Price OF Iron Shows 81 Disposition to
RIse-Some Sales of Ore at the Old
Figure>-Sews of the Various
Mining Districts
and Mines.

4O-uOLION tuG Iron 1IAuS Il6NleN,
commenting on the iron market for the
week, will say: Putting it briefly, the
situation as to iron is an improved tone
in the pig iron market, without any
transactions of note at advance prices.
In manufactured iron and steel hrmer
attitude. accompanied here and there
by prices from 81 to So ton higher than
ruled in the past two months. In the East
there is a slackening of the pace main
tanned through the Western shut-downs;
demand is far, but prlceS are irregular,
with no gain III tirmneSS
I'm the West mills are crowded with ac-
cumulated work, and there is such steady
supply Of new orders that it will be weeks,
in some cases two or three months, before
books can be cleaned up. The improved feel
ing in the chief selling centerS for raw iron
has held for two weeks. Now buyers will
not contract largely at the 25 cents advance
which Southern iron makers have made
on the strength OF the September furnace
figures, but the plentiful supply of small
orders indicates that a good many mill
low, and that it only remains for buyers
to be fully convinced that bottom has been
touched TO bring them to the front with
large requirements.
''Furnace men count on the October re-
port OF stocks to dO the convincing, but
there were a good many assumptions in
the last days OF August, and other fur
naceS have gone in blast in September,
while banking and blowing out has not
been much OF q feature in the furnace
news OF the month.
something like $4,000 tons OF ore have
been sold in this market the past week at
prices the same as have prevailed for some
time, a reduction of from 20 to 40 cents
from last year.
with continuance, week after week,
shutdown, namely, mills crowded with
orders, and new orders coming In faster
than old ones were filled. manufacturers
and dealers have advanced prices in this
market from 81 to So ton on finished
iron and Steel The mills represented here
stances that they have had to go into the
market and buy to fill their orders"
l.
Shipments of ore from the Lake Superior
iron region for the season up to Septem-
Der l exceeded 100000 tons, of which a
naba. Definite figures are not obtainable,
but it is certain that the shipments from
Escanaba up to that date equaled, ard
probably exceeded, those of 1.-The big year,
1880. Since that date, however, the ship
ments have fallen off largely, and the to-
tai shipments for the season will doubtless
be less than those of the season of 1890, by
500, 1000 tons.
MARQUETTE RANGE.
In a recent interview, Mayor E. c. An
thony, of Negaunee, said that about 1,550
miners and laborers were now being en-
plOyed in the mines at Negaunee, this be-
ing about 80 per cent less than were en-
plOyed last year. Miners are being paid
So to $50 day, as against 800 to Sp2.SO
last year. Laborers got from $1.75 to
$3.50 last year, and this year from $1.45 to
$155.
About twenty-five feet of water has been
removed from Lake Angelina, which is be-
ing unWatered so that the mining COM
panleS can get at the ore which lies under
the bed Of the lake. There is a consider
able area at the east end free of water land
the Cleveland Company will begin strip
ping at once. The ore is so near the sur
face that the company can do open cut
mining for some time.
The Cleveland Cliffs Company's officers
say that selection OF site for new
furnace will be made soon, but they give
no intimatiOn OF which town will be
selected.
MENOMINEE RANGE.
Ferdinand SchleSiDger seems to have no
love for the officials of the Chicago u
North western Railway, says the Iron
Mountain Journal and if reports are true
he has recently formulated plaE-Which
is already being carried QUITO deprive
that road of it's lucrative Chapln ore-carry-
ing trade. When Schlesinger first OBJ
tanned control of the Chaplin he organized
the Escanaba. Iron Mountain d Western
Railway Company, and built the ore-car-
ryinG road between Iron Mountain and
EScanaba. His deals, however, were of
too great a magnitude to be successfully
carried out at that time, and he was forced
to rellnquish the property to the North
Western Company: Now that he is again
in possession Of the Chaplin appearances
Indicate that he has made deal with the
ST. Paul folks to ship MS ore over that
road to Pemb1ne. and from there over the
500 road to Gladstone.
While the volume of shipments must nee
essarily lessen from now ON to the close of
the season, because of the clearing up of
StOck-pileS at many mines and the future
dependence on the daily product alone,
there is reason to believe that mine man
agements will push the output to the high
est point possible. That the phenomenal
output of 1890 will be reached is hardly
probable, if indeed desirable, but in the
face of the predictions made In tie spring,
the ore is going to market. and had the
same activity marked the course of the
Marquette County mines as in other years,
the output from the region would have
broken the record. 1t is said, and with
much truth, that large portion of the ore
remains unsold, and admitting this, it may
be pertinent to ask, when this condition of
things did not exist.
The formal consolidation Of the Luding-
UO1 duu DUtu VI WHICH,
are now controlled by the Kimberly syndi-
cate, was effected at a meeting held at
Menominee yesterday. Sam M. Stephenson
was elected president. The mines Will be
pumped out as soon as possible, and will
be operated together.
GOGEBIC RANGE.
Shipments of Gogebic Range ore by way
of Ashland, up to and including Wednes-
day, September 81, were: Wisconsin Cen
trail docks, S74. O7S tons; Lake Shore docks,
1884. S21 tons.
meeting of the stockholders of the
October IL. 1t is considered probable that
an assessment will be levied.
vERMILION RANGE.
Shipments of Vermilion Range ore by
way of Two Harbors, up to and including
September Il, were: Minnesota mine,
374, III tons: Chandler mine, 513.lS1 tons;
Pioneer mine, 1862 tons; Zenith, 6,9y7
tons.
COPPER REGION.
At depth of 400 feet diamond drill