The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1894-03-03
THE OUTLOOK.
trent Prices VIII Affect the Lake Super
Tor Field.


,rrent Prices viii Affect the Lake Super
Tor Field.
nction OF the management OF the
mine 10 disposing OF a large block
at the rate Of $2.75 per ton, Cleve-
thus setting the pace Tor future
ctions In this line for thisyear has
Il Ia deal OF speculation relative
possibilities OF Lake Superior
ties 10 secure place in such a
(. From what Ii accounted one OF
u authorities on subjects oil this
Iron Orc, Of Isl,peming, The DIA-
DmLL extracts the following com
which include the outlook Tor the
i Falls district for this year:
n Mr.. Rockefeller reads oil what
prrie mine is doing In the way OF
( price he Will very naturally get
DciI out and proceed to revise the
ures upon which be has been basing
Iculations The position Of the
"a Is not nm enviabIs one at this
ular time, nor. indeed, have any oil
ocs anything TO DO particularly
ri with over the prospects Tor the
b. The royalty, rail- and lake
u commission. insurance, etc.
n0h ton OF Nesaba ore will amount
BUT 1926 per ton. Those who are
hiormed upon the ore question adj
lat the Gogebic Hematites OF Besse-
rade will command twenty-five
moro ger ION in tho market than
70 Mesaba product. This being the
hen the Mesaba will have 20 quote
Of 81. 80 per ton for orc delivered
ke Erie ports.
will necessitate their doing all
mining, etc, for fifty cents per ton,
: this there ARE not many that can
10 through without actual loss. Oh
D II Mr.. Rockefeller can obtain all
rincipal mines. possess the railroad
hive his own ships to carry the ore to
BE-, he may be able 20 meet the com
On. lie is now trying to deal Tor
liver. Biwabik and other mines,
lcIudsd in tho group hs lately OBJ
} possession OF. These mines have
ilroad excepting the ono now con-
d by Mr. Rockefeller, and they are
ically at his mercy. "Mercy" IN the
they are using In connection with
Isiness at this time upon the new
Colby mine, OF the Gosebic, ought
able to compete with the Norric
IL is opened up. II has large de-
and ought to mine as cheaply
nins In sadly In debt, but this the
rs are probably able to pay. The
belt, also a Standard Oil posses
is said to be a good mine, but aside
these there ARE lew that can meet
Rice OF the Norrie, and none OF then
but loss, probably.
Pewabic mine, located Mt lror
bfain, has made sale Of ore Tor thi'
3 delivery. This ore is oi wonderful
", probably the best mined in thu
Id States, comparing equally Will
|est OF the Lake Angelina and Lake
|rior mines, OF the Marquette district
Pewabic, on account OF the gilt-edget
scter Of ito product, can keep II
ation, and ought to bc able to max
Ian interest upon it's investment. i
BIO royalty to pay which isgrvatly u
Syor, royalties now representing tn
Is OF mines that are well situate'
posscssing large and clean deposit
b.
o big Chaplin can find no comfort Il
price made by it's Gogebic competition
Dre Is Of -Bessener grade, an
Is still worse, 10 not as high In iro
ought to bs. What the difIerenc
hing price OF such quality ore an
OF the Norrie has not yet been d
upon. This Is a time when a
Ter rules and methods Of ealculatio
been thrown TO the winds. IL
him that the Chaplin should have q
a price ~ the Norrie In order
and IL is very evident that itcannc
70 such price for the very good rel
THAT the ore II inferior TO that oil u
sbic mine that has just vet tho pri'
ktandard Beasemers. Generally, u
rio has brought soventy-fve cents ~
more than Chaplin, but u Is a settle
that the Chaplin. nor any other no.
psmer, can put out ore Tor such
3.
he Crystal Falls properties came
pete with the price now quoted, a.
10 10 little probability oil thoir bell
|ted up this spring. They arc no
eticalIy all idle. The Dunn, one
largest, 10 non-Bessemer. and VIII
.s an abundance OF ore 1t is a roy'
baked mine, and no mine oil such kII
afford such extra cost at this time
he little mines OF the several rang
y no longer = place In tho mark'
y are practically forced out oil bu
Alta price n hall dollar q ton bs
tbsn quoted they arc running benin