The daily morning journal and courier., 1902-05-31
, IRON AND MINING.

| Growing Big Industries in the Fal
 West-The Tacoma Steel Corpora ton.
 An article published May 23d in the
 Daily Ledger of Tacoma, Washington
 is interesting. It says:
 The biggest deal in mining properties
 made by local parties for several months was consummated yesterday by
 the Tacoma company (steel corpora
 tion) in the purchase of 176O acres of
 mineral land on Vancouver island. The price to be paid is S2O GOO cash and $4O,- l 900 in capital stock of the Tacoma com pany.
 The property is divided into four groups containing ill all eleven claims. The property owners were represented
 in the matter by J. L. Bledsoe, of AL
 berni, V l., who has been in the city for
 the past two days. The property is
 considered a very desirable one and the
 Tacoma company has been working up
 the deal for the past several months.
 Yesterday definite agreement was ar
 rived at, the first payment made, and
 the transfer signed,
 All the groups are within three or four miles of each other and are located
 well up Barclay sound. Part of the property is directly on tide water and none is distant more than a mile and half. The best of shipping facilities are offered when the time for such comes, as the depth of water to that shore will accommodate, it is said, any drought vessel
 Another reason why the Tocoma con- pany was particularly anxious to se- cure the property was that it is located within six miles of the Anderson group of iron land claims owned by the Taco ma company The developments on the Winston Seal mine in this group have proven the great extent and high quail ity of the ore bodies of the range. De- velopment work on one of the new groups will be begun soon, but no effort will be made for immediate shipment or until the shelter at Tacoma is erected
 President Henry Hewitt, of the com- pany, stated to Ledger representative last evening that their first move in the of the iron industry would be the erection of a 150-aon daily capac ity snelting furnace in Tacoma. Shelters on Vancouver island, he said, might follow later, but not until the business had developed sufficiently to make it expedient for foreign ship mentS.
 The ore bodies, MT. Hewitt says, from of personal investigation of some of the new properties, are of inn mense extent, immense outcrops of high grade ore showing in many places sometimes for a hundred and fifty feet in extent. The ore, he states, is mag netic, running from GA per cent. to 70 per cent metallic iron, contains but lit- tie phosphorus and containing in part lime as high as per cent, adding to it's value as a fluX.
 President Hewitt also stated that the has secured options on 112 square miles of timber land on Quatsino Sound, on the Northwest coast, for use in the paper pulp industry, which the | expects to establish in the | near future. The timber comprises | spruce, cottonwood fir and cedar, all | available woods for the manufacturing | ,f the pulp. Two land cruisers will be | sent from Tacoma this week to view | he land, who will employ other assis- ants. Every rod of ground will be | ooked over, it is stated, and the tract 1 ;takcd off into ten-aCre lots and to be separately
 This wood supply, MT. Hewitt states will be used for the pulp factory to be ocated on Vancouver island. The pro- luct of the factory is designed for for ign shipments only. It will have no lirect connection, or detrimental influ- nee, it is stated, as regards the pulp ,lant to be located in or near Tacoma.
 The company's TeXada island proper V bids fair to turn out even more val table than was al first supposed, judg- ng from recent mineral developments n the surrounding country and on the itself. The last 120 feet of haft just put down, reaching the 300- oot level, is reported to have tapped icher copper and gold ore than any yet rought out. On the mine adjoining the CO., acre tract recently purchased from he crown an exceedingly rich gold ore trike is said to have been made during he last few days