The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1903-03-13
MINING NOTES.


Is stockpile. The new pocket is 4Sx24
feet inside and contains four compart-
ments.
4 The Minnesota Iron Company has
three drills exploring, two are working
near Armstrong lake and the third at
what is called Five Mile lake.
The Union mine near Virginia was
CLOSED down Indefinitely last week and
i the entire crew transferred to the
i Franklin.
| Shaft No. of the Minnesota mine at
Tower is again being worked after an
4 idleness of over twelve years. Another
deposit has been found in this shaft.
i T. H. Martin, accountant and as
j sistant purchasing agent of the Union
Steel company in Duluth. has accepted
a position with Corrigan, Mckinney &
i CO., and will leave soon for Cleveland,
to assume his new duties. He will be
employed in the general office OF the
company there.
i Frank Johnson of the Johnson Nickel
Mining company with extensive hold
1 ings in Cook county. claims to have
made an important discovery in steel
| making. II have discovered process,
4 NIL JOuuSOus WhCICpy Cdu
| make steel direct from the ore. The
molten metal goes from the blast
furnace to the converter. One melting
is titus saved, and the handling of the
! pig from the molds to the converter is
dispensed with. The steel can be made
| for at least So a ton less than by prA-
| sent methods" Mr.. johnson says that
! he is having two cars of ore from Cook
1 county sent to st. Paul via Winnipeg
for further experiments.
1 Tie Cleveland Iron Trade Review
compares the size Of the ore pile min
ed IN the Lake Superior, region last
| year with wellknOwn structures, in
order to convey to the uninitiated some
understanding of the magnitude of this
| industry. The total tonnage shipped
was 27,571,21 or approximately 275,-
| III ,210 cubic feet. The height of the
| Washington monument is 555 feet and
| the length of Westminster Abbey 1856
feet. 1t would require a building IS
high as the monument, as long as the
| Abbey and SCI feet wide to contain the
Lake Superior ore pile for 1902, if the
| ore were all assembled in one place.
| The hole made in the ground by the
/ years mining would be 275 feet deep,
| 1000 feet wide and 1000 feet long. Into
this hole fifty three buildings of the
size Of the Frick building in Pittsburg
could be put.
The Oliver Iron Mining company is
constructing at the Mountain Iron
mine the finest machine shop on the
range ii is said. 1t consists of an erect
d ing shop S0x100 and a machine shop
35x100, with framework of structural
iron and sheating of pine and tar
paper protected by corrugated iron.
Tracks and a travelling crane will en-
1 able the largest shovel or locomotive
to be handled with ease. For the
present the old equipment is to be used.
but additions to the plant will be made
as found necessary.
The old Cincinnati mine at Biwabik
has been rechristened the Cass mine
and is being operated by new compa-
ny of Duluth. Capt Frank Thomas IL
in charge of this property as well as
the Hale and Kanawa. rs men are
being worked.
Il A Pittsburg dispatch of Saturday
says: Another tremendous drive was
made yesterday against the stock of the
Consolidated Lake Superior company.
! Under immense pressure to sell, pre-
ferred shares fell from 23A to 2OM,
while the common sank from 11-16
tc. AZ. The shrinkage yesterday in
five hours during which the stock ex-
i change was open represented a loss to
the. shareholders of about 81, $40 900. An
equal amount was handed out on Tues
day, and so far this week total stock
Il values of more than $4,000, 900 have dis
! appeared. Since the big breaks came in
4 Lake Superior affairs last December,
| the preferred shares have fallen from
| 20 to 20A and the common from 81 to
| AZ. On the two classes of stock about
25,OOo,000 Of value has been clipped off.
Since January 1 Lake Superior sales
| have been uniformly heavy and the
4 price has dwinded from around SO for
4 the preferred and for the common
4 to the present low quotations. A coup
lie of weeks ago there was a temporary
rally, but it did not last long. There
has been some talk of reorganization.
The first mineral coal contract ever
issued by the state of Minnesota was
taken by the Quodenaw Development
company of Duluth. The contract was
taken from the state auditor, who re-
fused to reduce the price of royalty de-
manded on iron under the state leases.
Work will probably start at once in
| mining coal. The coal field are about
a mile from Hill City, Aitkin county,
the description being section Sc 1926.
| 1t is confidently expected that navi-
| cation will open on Lake Superior
| early this year. 1t is claimed there is
! little ice in the lake. The average date
for the opening for the past ten years
has been April Is.
The Duluth, Missabe & Northern and
Duluth & Iron Range roads have re-
quested the Pennsylvania roads, which
leased a number of locomotives from
them, to return the same by April l..
! Nineteen engines were sent from the
head of the lakes to assist in relieving
the congested condition in the fuel re-
gions of Pennsylvania.
| A corporation called the Crescent
Mining company, capital $4,000, has
filed articles with the register of deeds.
1t has been formed, it is understood
| to take over one of the Fay iron ore
| leases on the MeSaba range. The in