The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1899-10-27
IRON NOTES.

A dispatch from Cleveland announ-
ces that the Carnegie-Oliver interests
have placed orders with the American
Shipbuilding company for seven YES
sells. instead of five as was first an
nounced. Five of them will be steam
ers and two will be tow barges.
One of the tow barges will be built
at West Superior and the other at
Chicago.
The second largest pump in the
world, having a daily capacity of
forty million gallons, was started at
the Tamarack and Osceola stamp mill
Friday. The Calumet and Hecla has
the largest pump, its capacity being
6O,OOO,000 gallons daily.
The talk of sending forward 20,000,
900 tons of ore next season is said by
Duluth ore man to be higher than will
be,realized. He says that the ship
ments Of iron ore next year will prob
ably be about 100000 greater than
this year, which would mean about
lS,5OO,000 tons next year. Il do not
mean" said the iron man, "that they
cannot mine and ship 100000 tons
for next year, but that they will not
do it. / think that an increase of
100000 tons for next year is liberal
and will not be exceeded The Yer
million range will probably show an
increase next year of 100000 tons; the
Mesaba 100000 tons, possibly 1,500,-
900 tons, and the old ranges about
500, 900 tons. Assuming that the
shipments this year will be 100000
to l6, 800, 900 tons this would make the
total for next year not to exceed 49,
000 900 tons. and l think that the
total will be within that amount. My
reason for believing that the increase
in shipments next year will not eX-
coed 1000, 900 to $500, 900 tons is be-
cause the market will not take to eX-
coed 100000 tons additional of Me-
saba Ores"
The Iron Trade Review says: The
announcement was made last week
! that the Bessemer Steamship COM
pany Rockefeller and not the Car
negie-Oliver iron mining interest," had
secured the whaleback fleet by buying
a majority of the stock of the Ameri-
can Steel Barge company. In the
same connection reference was made
to the pending deals for vessel TOM
age for 1900, and to negotiations for
additional vessels by mining compan-
les. Ore and vessel circles did not
have long to wait for open develop
ments. Limited circulation had been
given to apparently reliable reports
that tonnage was under option at 81
for the season of 1900. The Rookie
Teller interest straighway set on foot
plan of operations. the significance
of which has been becoming more
| fully apparent with each day of the
past week. Having secured the ten
steamers and twenty lows Of the
whaleback fleet, it began chartering
some of the largest vessels on the
lakes at 81. % for next season. Prom
inent among vessels so taken was the
Mitchell feet of eight vessels, capable
of carrying between 100000 and 900,-
900 tons in the season from the head
Of the lake. The largest four of these
vessels were at the time under negot-
ion for sale to the Oliver Mining
company on reported basis of $780,
900 each. ~ The week has been en-
tirey without precedent In the mag
nitude of the business done in the
fOrwardnesS of the movement. Nat
uraily, the discussion ore prices is on
and the price scheduled heretofore
talked of based on 81 vessel rate. will
now undergo revision. Inquiries from
furnacemen are still coming in, but
no ore meeting is probable for a few
weeks at least. Estimates from the
mines as to probable production IN
the twelve months following the close
of navigation will be awaited before
the question of next years business
is taken up seriously. The events OF
the week have made S4.75 as base
more likely than $3.50 for old range
BesSemer.
The new Spruce mine which is now
under process of development in the
way of sinking shaft is going to be
operated upon the most improved I'M
derground system. 1t will be fitted
out with a steel shaft, boiler and en-
CINE house. The skips to be used will
be of the capacity of five ton. Super
intendent Wallace Kimberly informed
the editor this week that the order
for the hosting plant was placed. Il
will be a Webster, Camp u Lane
engine, same as that located at No. j
engine house at the Adms mine. The
&c, rop,;oa6 tO no local n6