The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-05-02

MEsABI Minnesota Iron company hai
RANGE. men out investigator thu
iron lands Of the g. N. Nelson
Lumber company and that the pros
poets are more favorable than "A lev
days ago for the purchase OF the proper
ty by the iron company. There are al
sorts al rumors, one to the effect that
the deal il closed already and another To
the effect that the deal is not even con.
templated. IL is claimed Mt IA reliable
source, however, that the Minnesota
Iron company has secured options and
that the price agreed upon is $780,.
600. II the deal is consummated il will
be one OF the largest in the history ol
Mesabi ore property transactions
These lands include the Auburn mine,
for the lease OF which the Minnesota
pays twenty-five cents per ton aud which
property has shipped 4S5. $50 tons since
being opened three years ago.
A plating OF a new town, the name oil
which is not yet decided upon. is one OF
the most important changes yet contem-
plated in connection with the great dis
covery Of ore at the Genoa, ON thirty
four, 5S-17. Aside from the Genoa and
Palmer mines, there are Indications oi
other properties being developed in the
immediate vicinity, promising ample
support for a thriving village.
Capt. T. III. Hooking, who for the past
eighteen months has been in charge OF
the Commodore. has accepted a lucra-
tive position as superiniendent q the
Montreal mine, on the Gogebic, the
duties OF which position he will assume
the coming month. He has sent in his
resignation from his present position to
take effect on the last OF April or first OF
May.
The Penobscot Mining company has a
large amount OF work laid out for their
mine near Hibbing this year. The work
OF sinking the shaft and erecting a shaft
house will be completed az quickly MS
possible, when hosting plant will be
put in. and 1t Ia the confident expecta-
ton OF the management that the mine
will enter the shipping list this year.
Acting under orders from the general
Office to open the mine and prepare for
active operations, Capt. Il. II. Hooking,
Of the Commodore, started to pump the
water out OF that mine on Saturday.
f.. j. Loncyear is conducting consider
able exploratory work in the vicinity OF
Hibbing this year and IL said 90 be show
ING up couple OF good finds.
The Sellers is working about 100 men;
about 800 tons per day Is being hoisted.
The stockpie now contains about TO-
BOO tons.
Capt. John Mailman has a drill crew
lt work for Capt Roberts on his prop
'rty, comprising the ne. OF the ne. Of
section twenty-nine, $3.50. Enterprise.
The Drake and Stratton company has
quite number OF men employed IN the
shops under Master Mechanic Chambers
lifting out the steam shovcls, engines
md cars Tor the summers work while
about forty laborcrs are employed
cleaning up the tracks. II Is expected TO
,egin shoyeling some time next week.
The Biwabic will probably soon begin
% ship ore. The shovels are now being
'ut In readiness, the pits have been
out and water pipes are being
aid. Supt Shilling says he has not yet
cceivcd orders to ship but will have
hings in readiness when the order does
ome.
The stockpile at the Cincinnati Is over
'alf shipped and the pump IN rapidly |
owering the water IN the shalt. IL Is ex-
'ectcd 10 begin mining by the first OF
ext week. II Is the intention toemploy
100 men at this property during the
ummer and 10 mine and ship in the
Of 10000 tons Of ore. -
,anQo