The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1898-05-13
MINING MINHTES.

The ore rate from the Gogebic
to the docks at Ashland has
been reduced from As to 40 cents
per ton.
Sapt. J. H: Pearce, of the
Commodore, was on Saturday
looking for trammers at s1.75 to
work at that mine.
The statement is again made
that the Oliver Mining company
is again negotiating for the pur-
chase of the Pioneer mine, at
Ely.
Winston Bros. have this week
put on night crew at the Sparta
mine and are pushing the work
on their stripping contract.
During the visit of J. M. and
F. E. Thomas to the ranges this
week it was learned to be their
intention to operate the Aetna
mine this year. This property
shipped no ore last season, al
though a considerable amount of
stripping was done, placing it IN
condition for good future ship.
ments, and from $4,000 to 1OO,-
600 tons will be shipped there
from this year.
The Minnesota Iron Co., does
not publish annual reports, but
the figures which have been
made up for directors show that
earnings in 1897 we're very much
in excess of 6 per cent on the
stock, and there is no question
of the payment of that rate
quarterly at least for this year.
For 1893 sales are largely in ex-
cess of those on record at this
time of the year.
At the Lake Angeline mine,
Ishpeming. a body of silicious
ore is beng developed in the
western end of the property. It
is of large extent and overlies
the better grade of ore. Aver
age analyses are 45 per cent iron
and .035 per cent phosphorus:
The Chandler has discuntin-
ued the night shift at the mine
for an indefinite period, says the
Miner, the reason being too
much ore on the stockpile. AS
! the allotment for the Chandler
only allowed 700, 900 tons as this
mines shipment and as there
are nearly 100000 tons on stock.
the day shift can handle the ex
ira amount to be mined. This
latest move throws out about 25O
men out Of work and is a hard
blow to the business men and
those who have lost their posi-
tions.
W. H. Yawkey, of Detroit,
Mich, was in the city Yesterday,
looking after matters in. connec,
tion with his fathers landed and
mining interests in this section.
1t is understood that the Alpena
} property, upon which much ex-
ploratory work has been done
during the past year, is to be
placed upon the market shortly,
either for sale or lease.
{ At the Ohio property some SO
men are at present employed,
about Is men by the Ohio com
pany and the balance by Gul.
, branson Bros. in their stripping
contract. About ten cars of ore
, per day are being forwarded
from the property,
E. J. Longyear, the damon
drill operator, has obtained a
contract from Wright & Davis to
) test and finish developing thei1
: lands in 8.57.21, which Mr.
Longyear started to explore some
l. three years ago and which are
} located three miles northeast o1
Hibbing. Wright & Davis owl
the fee of these lands and their
new spur, now under construc,
ton, will tap the property. II
! looks as though the property
will be gotten in shape for pro-
ducing this summer Mr.. Long.
year employs 30 men.-News
Tribune.
The Biwabik Mountain Iron
company has taken a new lease
of the BiWabik mine from the
fee owner, John NJ. Williams, OF
Chicago, at a royalty reduced
, from 80 to 20 cents per ton. The
new lease is dated March 26;
! 1898, and it replaces the Old
: lease, which was given by Will
liams to John Mckinley in Aug
ust, 1891, and expires in Aug
ust, 1911. The new lease may
l..