The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-02
DOMINION OF CANADA.
ELY MINING NEWS.
Oliver Company Acquires Another
PrOperty-WOrk MT Tower

ELY, Mimi, Feb. 1-(Special) 1.-The
prospects for a continuation of good
times among the iron miners of the Yer
million range were never better The
Oliver Iron Mining company at Ely has
Just acquired another property which will
tend to increase the pay rolls consider
ably, The property which the company
has leased is described as lot 2,Ssection
u, 63-13 and lies just north OF the Ze-
NTH mine. The lease Is to run for fifty
years and the minimum output is to be
25,O00 tons annually, and a royalty of 90
cents ton and per cent OF any ad-
vance over $3.50 a ton in the price of ore
at Lake Erie ports. The company has
been exploring on the property and that
a, body of ore has been found the lease
SHOWS. The ore may be hoisted TIN ough
sunk.
The annual feature of ore buying by
the Eastern consumers Is seemingly be-
coming less and less important. six or
seven years ago not more than 10 per
cent OF the iron ore in the Lake Superior
region was controlled by the consume rs,
while now at least IS per cent of it is pro-
duced by the same interest that turns it
into iron and steel and finished products
II is an interesting fact, however, that
the 70 per cent of ore bought in the open
market at this time is about equal in tons
to the 80 per cent seven years ago. The
total movement Of ore from the Lake SUI
perior region in 1893 was 6.O65 716 tons.
whereas In 1900, it amounted to more
than 19,0O0.000 tons, so that the increase
in the volume of ore has. for the present
at least, compensated for the decreased
percentage of ore bought in the opsn
market.
The annual meeting of the Roberts Iron
company was held last week, and the
following directors and officers were
elected: Harry Roberts president and
j: ii. Barlow secretary and treasurer
The Roberts mine produced 6Q010 tons
A surprise was in store for man, this
week when Paymaster Trebilcock, IF the
Zenith mine of the Oliver group an
nounced that he was about TO leave for
ant superintendent of the Mansfield
mine at that place. This mine has a
good deal of history connected with it,
In the fail Of 1888 twenty eight men were
caught in the mine by a cave In, which
allowed the Michigamme river 10 flow
into the workings of the mine and were
drowned. In 1896 the proprietor5 con-
ceived the idea of digging a canal TO turn
the river away from the workings, and
did so at a great expense. Tie mine Is
looking better now than it ever did
The Minnesota Iron company, at
Tower, is now sinking a shaft on the
north side of the hill on which its hard
Gre mines are located, and will then go
10 the depth of 2O9 feet, and then run a
drift 1000 feet to Montana shaft. The
drift will cut several veins of ore that
have been found by the diamond drill,
and the ore will be taken out by tbs
Montana shaft. Drifts have also been
run to the depth of $50 feet to open soma
ore that has been found by drill some
time ago, and which will be attacked
before long. Late mining operations at
these greaGor depths have failed to dis
cover any OF the native copper that was
occasionally nearer the surface. In all
some 100 pounds Of copper have been
taken from the mine, chiefly out of Mon
tana shaft at about 800 feet This cop
per has Invariably been found imbedded
in the iron ore, and with no connection
with any cupr11erouS rocks.