The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1896-04-08


to be sold at auction to the highest
bidder.
Big Deal
1t Is understood that the deal be-
tween the Nelson Lumber company
and the Weyerhauser interests has
been contaminated and the property
OF the former in the Mesaba section
passes into Weyerhauser's possession.
The deal has been under consider
alton some time, but most lumber
circles have not believed that it was
likely to be closed, the sum asked for
the properties being very large The
amount that the Nelson company gets
for its interests in this section is
placed at about 1000, 900 cash or it's
equivalent, making the trade one Of
the largest that has ever taken place
in Minnesota pine timber interests.
The possessions of the Nelson COM
pany in st. Louis and Carlton counties
include to very large and modern
mills at Cloquet, capable of cutting
from loo, 100000 to 125, 900, 900 feet in
a season, vast tracts Of standing pine
along the ST. Louis and tributaries
estimated to contain several hundred
millions of timber; new standard
gauge railway Is miles long and now
being extended into the iron and pine
regions of the Mesaba range, valuable
iron lands on the Mesaba leased to
the Minnesota Iron company, and
from which royalty is received, as
well as undeveloped iron lands.
The Weyerhaeuser interests already
control one sawmill concern at this
place, with two mills and has other
interests along the ST. Louis and in
the Mesaba country valued at about
the same as those of the Nelson COM
pany. These will all now be run
under practical consolidation, and
the combination will be very heavy
bidder for the eastern cargo trade in
lumber from Duluth.
The Genoa, on "a, 58-17, is one of
the most promising new developments
on the range, large body of rich ore
having been proven there. The
property, consisting of five forties, is
a Minnesota Iron company possession,
and in accordance with the vigorous
policy pursued by that company the
work of improvement goes rapidly
forward. A large boiler house and
blacksmith shop are already complete
and a shaft house is well under way.
The company employs force of some
fifty men at the present time, which
number will be greatly increased, dur
ing the. shipping season. "A spur
track from the Fayal is now being
put in, and the Genoa will enter the
shipping list this season. R. Fl.
Charming, formerly at the Norman,
is in charge Enterprise.
A gigantic industrial combination
went through the preliminary stage
of formation and was practically
effected at a. meeting Of steel pro-
ducers held in New York last week.
Another meeting will be held in Pitts
burg soon for the arrangement of de-
tails. 1t is proposed to regulate the
production of steel to actual require
ments by methods similar to those
employed by the rail pool. Nearly
the entire production of the United
States was represented at the New
York meeting, embracing capital Of
several hundred millions of dollars.
Pending completion of the COM
bination, steel producers have with
drawn from the market and will
make no new contracts.
A collection of specimens of iron
ore from all Of the Lake Superior
mines has been presented by j. 3.
French, of Duluth, to the Iowa State
University. The exhibit embraces
small quantities of ore selected from
the following mines: Pioneer, Zenith,
Chandler, Canton, Cincinnati, Biwa-
blk, Mahoning and Bessemer. The
exhibit will be placed in the geo.
logical department of the university
as permanent exhibit.
The Sunday Minneapolis Times
published mammoth bicycle edition.
Among other write-ups appeared
history of bicycling in Ely with
well printed picture Of Miss Birdie
Westcott. 1t was well gotten up and
the gentleman who did the writing