The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1903-09-25
be about rs, 900 900 tons. This will be
a reduction from last years figures of

OtCI A,UUU,OUU bOucs phAon3 hO"S'Stt
that the shipments from Minnesota
will total up about the same as last
year. This favorable showing under
the circumstances will be due to the
fact that quite large number of new
mines have entered the shipping list
on the Mesaba this season. Their
contributions may be sufficient to Off
set the reduction from many of the
old mines. understand the old ranges
were about 100000 tons behind last
years record on September lst this
year, as compared with the CORES
bonding date a year ago. whereas
Minnesota shows a gain or about
10, 600 tons. or course our margin OF
increase is small. but feel confident
that Minnesota ranges will at least
break even with 1902 when the figures
are totalled up at the end of the sea.
son of navigation. The condi ions
are far from discouraging. Consider
ing the money market, it seems tn me
that the iron business has stood up
remarkably well. The movement Of
ore from Minnesota has also demon
strated this year, las never before,
that this state holds the kew TO the
iron ore situation. There is grow
ing tendency to the use of greater per-
centage of Mesaba ore, and new fur.
mace construction is built with that
object in view. The cheapness with
which the Mesaba ores can be mined
together with the great variety of
grades, makes it OF the highest value.
This season has demonstrated this
fact"
Geo. j. Lonstorf, who has an option
on section 80, recently unbosOmed
himself to the Milwaukee Sentinel as
follows: -Four drills have been sunk
into the ore and we have found the
vein in one of the forty acre pieces
to be 144O feet in length, but, on &C.
count of the granulated nature of the
ore, we have not been able to deter
mine its width or depth. and we may
have to sink an exploring shaft to de-
termine this. One exploring shaft
was sunk years ago but that is all the
work that has ever been done OH the
property. There is no doubt about
the grade of the ore. 1t is the same
kind as that which the United States
Steel corporation is now taking out
of the Chandler and Pioneer mines,
about three miles off our property.
These mines are now the richest in
the district. We will begin work on
the improvements at once. l cannot
give the figures at which my options
were made; they depend on the
amount or.Ore that is taken out when
we begin work. No, have not had
an offer for the mine from the Steel
trust.
A New York dispatch of Monday
says: 1.-THE directors of the Consoli-
dated Lake Superior company. after
a two-hour meeting today, gave up
the attempt to find plan for saving
the properties of the company. which
are in the hands of Speyer s. Co.. as
collateral for the loan of $3.50, 900,
made by the banking house to the
company some time and, and announ-
ced that the stockholders of the COM
pony were entirely at the mercy Of
the banking house which could sell
out the stock of the operating COM
panies in the Consolidated Lake Super
ior company at any time they saw lit.
The Commodore mine at Virginia
has again closed and the pumps have
been drawn. The mine is operated
by Corrigan, Mckinney & Co., of
Cleveland and the fee is owned by
W. G. Yawkey of Detroit, who is re-
presented on the Mesaba range by
M. l.. Fay. The mine has been closed
for some time and only opened few
months ago. The cause of the draw
ing OF the pumps at this time is at.
tributed to various reasons. One Is
that the water had stood In the under
ground workings SO long that the old
shafts had become valueless, and IL
the property is to be successfully
operated in future the mine will have
to be reopened from the surface.
A new firm of stripping contractors
have made their appearance on the
Mesaba range the past week. The
firm is known as the Killorin-P hilbin
Contracting company and is composed
OF j. +. Killorin of the Swan River
Logging company; D. NJ. Philbin, Of
the Great Northern railroad, and P.
81. Nelson, of Hibbing. The concern
have large contract for stripping at
the Commodore mine at Virginia.
| A new shaft is being sunk at the