The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1896-02-14

operates a diamond drill on the
property, and is proving the orc
body to a great depth.
The fact of the Minnesota Iror
company closing a contract tc
lease certain iron lands in sec
ton 20, 63 IL, would indicate 8
probable extension of the Du
luth & Iron Range road, should
the lease be considered protita'
ble and the deaf closed.
The Youngstown Steel Co.,
Youngstown, O., has just re-
ceived an order for 1000 tons o1
washed metal for shipment te
Liverpool, Eng. Two orders
from England were filled last
year by the same company.
The Youngstown Bridge com.
pany shipped last week the larg
est bridge girder ever sent out
of it's works. It is 81 feet in
length, nine feet deep and weighs
so tons. Three fat cars were
required to ship it.
Two crews are engaged in tes1
pit explorations on lands held by
the Consolidated company on
section 5, the work being under
supervision of Capt. Cohoe,
Martin Felstrom being in direct
charge.
The Carnegie Steel company
has made a readjustment OF
wages at the Duquesne Steel
Works, reducing the wages OF
from fifty to sixty tonnage men
from II to 20 per cent.
The stripping carried on by
the Mahoning Ore Co., since the
close of it's 1895 shipments, has
laid bare 400. 200 tons of ore.
Louis Rouchleau was on the
range on Saturday, looking after
his explorations on 25, 57.17.
The Sharon Iron Co. is about
to resume operations at it's fur
mace at Sharon, Pa.
Absence of snow makes wood
scarce for Michigan furnaces.
Capital in Iron Ore Mining and Shipping.
In his paper read at the Inter-
national Waterways Congress at
Paris in 1892, the late Geo. H.
Ely, of Cleveland, presented fig
ures which showed, with an ap-
proach to the actual, the vast
aggregate of invest nents in the
various mining, dock, vessel.
railroad and other interests con-
nected with the mining and
transportation of Lake Superior
iron ores. These figures with
some revisions, were put before
the Wilson tariff committee at
Washington IN the following
year. The same ground has
lately been covered by Harvey
D. Goulder, of Cleveland, attor-
ney for the Lake Carriers AS
sociatlon, who went to Washing
ton last week 10 urge upon the
River and Harbor Committee the
interests of the vessel men pend
ing legislation. The figures of
Mr.. Ely were brought down to
Jan /, 1896, by Mr.. Goulder's
inquiries among vessel, dock and
railroad companies, and the ad-
ditions presented side by side
with the old figures by the Mar
!! inc Review. The prodigious to-
tai of 1898, ,242,O85 is shown. The
distribution of this enormous in
vestment is shown below, with
the corresponding figures in Mr.
Ely's compilation:
Capital in mines in the four
Lake superior districts III
| 1889, as per United States July '02 Jan. 90
inc: NV 'e:;:: i5.ooe.ooS seo,sas,,2a .oo,2ab,&
Capital In docks and
their equipments at
| Lake Superior and
Lake Michigan ports
| built and used cxclu-
s52s!Y edidIaS fCr shipping ore ssss,sss Il 4,ss So
Capital Employed exciu- ''' '''''''
sively In railroad trans
portation of ore from
mines to shipping ports
on Lake Superior and
Lake Michigan <ofscinl 27,o14,594 a236i, IS
Floating capital on the
lakes, employed ex-
clusively in ore trans
portatiOn, from upper
lake to lower lake
ports (ofticiaD. .......... 20,930107 56680, 20
Capital in docks, and in
their equipments, for
receiving and forward
ing ore exclusively, at
Lake Erie ports be-
tween Toledo and Buf-
falo inclusive of both
(oflctaD...... .......... 1885,, $50 15,4a2, 81
Capital employed cxclu-
sivcly in railroad
} transportation of ore
inland to mills and
furnaces from Lake
Erie ports (of1iciaD... 2d343,6l7 28,1936
Total. 1884 ,9s5 s2a3, ,e42, o.
The additions under the hea
of "Capital in Mines" are lare
ely comprehended in Mesab
: range proper lies. The ne,