The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-21
RATE WILL BE 80 CENTS A TON

Special to The Journal. s''
Duluth, Mimi, Feb. 21.-About 1000, 900
tons Of vessel room has been taken for
the coming season from the head of Lake
Superior to Lake Erie ports by indie
pendent shippers, that is shippers outside
the United States Steel corporation. This
fixes the Independent rate at 80 cents a
ton from the head Of the lake, Is cents
from Marquette and 60 cents from Es-
canada on Lake Michigan. The Steel cor
poration is still refusing to offer more
than rs cents from Duluth and announces
that it will go no higher even il 1t IS
obliged to take wild tonnage all the sea-
son. This concern will require about
5,O0O,O 900 tons of room aside from what
it has in it's own fleet of 1l2s ships,
and will move during the season at least
1900, 900 tons of ore. '.l7& =" ~
If conditions remain as they now are
in the manufacturing line, the total iron
ore to be moved will exceed the 22ooO,-
600 tons that has been figured as a proba-
bility in this correspondence. The fur
naces of the United States are making
iron now at the rateeof 100000 tons
per annum, which4means the consumption
of at least $4,000, 900: tons of&ore, all
grades considered Of4athe total ore pro-
duction of the Unite & States. about
three fourths comes from Lake superior.
This would be- 26,O00, 900 tons from the
|
continues at the present ratio during the
year That it Will continue as high as
now for year ahead is indicated by the
reports Of steel making companies, all OIL
which are already sold up in their INES
Of greatest tonnage for from three. TO nine
months ahead and the volume OIL
orders pressing for figures was never SO
great at this time of year as just now.
Two large iron mining. companies hleo
articles of Incorporation at Duluth this
week. both of them branches of large steel
makers of the east One was the Crete
Mining company, capital S5,0Oo,0oO, ana
the other the Norway Mining company,
capital $4,000. "A third, the Bradford
Mining company, has been formed by Du-
luth and Cleveland mining men and is now
at work opening mine close to the CHS
holm and Clark mines Of the united
States Steel corporation on the Mesaba
range. 80
The old Kloman mine of the Marquette
range, that has been idle and almost for-
gotten for so many years that It's sloch-
holders considered their stock OF no
value is under option to the United States
Steel corporation for about $20OOOO. II
has been practically idle since 1874,
though Attempts we're made to work II III
1882, If an option IS closed the lessees
will make a thorough examination. Inc
property lies in the noted -HRepuolic
fold where the Clergue- SyuulCdIe 10
! conducting very extensive explorations
deep down.
At the Republic mine large crushing
nlant has been placed. There is now
an ore crusher at practically every hard
ore mine. Of the Lake Superior region.
few years ago furnace managers were I'M
willing to attempt reducing crushed ores.
The first experiments in crushing the very
hard ores of the region were made by u.
H. Bacon of the Minnesota Iron company
now chairman of the Tennessee Coal, iron
e. Railway company.
Recent purchases Of ore lands on lne
! Mesaba by the Youngstow own IRON, Sheet
and Tube company aggregate ABOUT SUM-
| 900 tons of ore The company Is erecting
at youngstown an open hearth furnace,
has bought one blast furnace and VIII
build another and will be independent
and self contained as to ore and blllets,
making it an important factor in the
steel making trade. One of the Mesapa
properties it has bought can be mlneo
by steam shovel. &a~
The Breitung Iron company that mas
been working on lands north of Sault
Ste, Marie for year, has made arrange
ments with the Clergue syndicate lot lhe
n,rchase by the latter of all ore 1t may
mine and branch of the Algoma Central
| e. hudson Bay road is being surveyed 10
the property. It is said to have large
no1d @E.z.-s -z5s , +