The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1901-04-19
NOTES

SiSuCu w tlc AStllduu OUccl ~ 4TOLl
Co. They have to have it for a mix
ture with the ores they use.
f. Il. Ahbe, who has been holding
the position as mining engineer and
assistant superintendent of the
Minnesota mine at Soudan has been
made general manager vice Edwin
Ball resigned.
Dock Agent Holden opened his
office Monday, a portion of the clerical
force employed at present. Fifteen
dock hands are at work cleaning
pockets and getting things In readi-
ness. Several cars of ore were receiv-
ed the latter part Of last week, since
which time small amount has been
coming daily.-Two Harbors News.
| Articles of incorporation of the
Niagara Iron company have been filed
in the office of the register Of deeds.
The headquarters of the company are
TO be in Duluth, and the purposes are
stated to be the mining, smelling and
manufacturing of iron and other
metals. Joseph Toben, Frank L.
Buell. and John @. A. Crosby are the
incOrpOrators. All of them live in
Duluth. The capital stock is $500, 900,
divided into 10000 shares of $40
each.
Articles of incorporation were filed
yesterday with the register of deeds
of the Minnesota Abrasive company,
with a capital stock of $1,000. 900.
The company is formed for the pur-
pose of mining and manufacturing
iron, corundum and other ores and
acquiring lands for that purpose by
lease or otherwise. The incOrporat-
ors are Charles A. Towne, Edward e.
Lewis, Alfred McCallum, Thomas B.
Lewis and AXel WickstrOm. Charles
A. Towne is the president of the COM
pany.
A lease from the Elba Iron company
to the Hobart Iron company and was
filed Tuesday in the office of the reg
lister of deeds, dated Feb. %, 1901.
The lease runs for thirty years, and it
covers he Ell of the set and the Sw4 of
the Sc of section 1851. The roy
atty is 30 cents per ton, and the lease
| provides that $4,000 tons shall be pro-
duced this year and 100, 900 tons each
year thereafter. 1t is provided that
all the ore shall be shipped over the
Duluth & Iron Range SO long as that
roads freight rates are the same as
those charged in good faith by COM
peting lines of road.
A Cleveland dispatch to the press
of Saturday says:-The embargo Oh
the iron and steel business caused by
the inaction Of the ore association has
at last been lifted. and great impetus
has been given to affairs in that
trade. This is Icing demonstrated
just now in activity in the ore mark
ct. Since the announcement was
made that the prices of ore had been
fixed the scenes around the offices of
the reproducing companies have
been busy ones. The purchasing
agents of all the big plants have been
in Cleveland making their contracts
for the season or making oyertures to
the companies with which they have
dealt in former years. The primary
result of this is that so far about
.000, 900 tons of iron ore of the vari-
Gus grades have been sold, and it is
expected that before the next ten DAYS
have passed the entire output of the
ores in the Lake Superior district will
have been disposed of. After that
will come the work of making con-
tracts. The first sales that were
made came from companies outside OF
the ore association. Among these
were sales made by the Cleveland
Cliffs Iron company, which made dis
position of d large block of non-Besse-
mer ores. These sales were followed
by others from the mines of Corrigan
Mckinney & Co. Since the prices
have been fixed. however, some of the
producers of the Bessemer quality
have made larger sales. Contracts of
great magnitude were entered into
today with meters by Oglebay, Nor
ton s. Co., and it is said their sales so
far amount to almost 100000 tons.
In these sales the product Of the
mines upon which the United States
Steel corporation is excluded, the out
put being left for disposition later, as
the optionholder shall dictate if these
are exercised. Sales were also made
today by the Republic Iron company,
| although they are not so heavy as
those OF the other companies, owing
to the fact that the product of these
mines have been limited. 1t is also
said that sales have been made by M.
A. Hanna & Co. and by other concerns
which will bring the sales of the Bes-
semer grade of the last few days up
to abont 1000, 900 tons. The sales of
nOn-BesSemer ores. therefore, with
tthose sold todav hiring the total sales