The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-06-10
Utica to Be an Open Pit.

The Utica mine or the MeSaDa range,
which has been an underground prop,
by steamshovel hereafter. 1t belongs to
Pickands, Mather & Co., and ships to
the Lackawanna Steel company. A
curious thing about the Utica is that
it was found under the stripping dump
Of the Mahohing mine, in spot where
the latter had been wasting its strip
ping for years under the supposlt1on
that there was no ore there. Tins dump
grew to the height of forty feet, and
The shaft Of the Utica was put thru it.
Now this dump, and the earth in place
below it and over the ore, is to be
moved off for mining operations.
Shenango mine, belonging to W. z.
Snyder & Co., is to be worked heavily
this year, and shipment Of about 3Oo?,,
for at the rate Of 20 cents a ton roy
atty to the fee owner, or about 100000
this season. In the case of this mine,
the fee owner is an old-time 'Duluthlan,
a former carpenter working for day 8
nav. who got the land on mortgage fore
Closure for about $500. The Shenango
will mine from 100000 to 6OO,OOO tons
a year for the life Of its lease, which
owner Of from $1oo, 900 to $l2o,ooo for
the next eighteen to twenty years.
- Shaft on the Hale.
A shaft is to be sunk on the newly
discovered Hale deposit near the vii
lage of Biwabik, where G.. A. St. Clair
has been exploring for ore and has sue
ceeded in getting a small deposit. This
mine was supposed to have been ex-
hausted and was abandoned by the
lessee last year. Now comes new man
and finds a body of ore lying close to
the old, and probably part Of it. This
incident shows the possibilities OF the
range. and the reward yet to come to
those who have persistence, faith, good
Judgment and money to do exploring
with.
Lumber Sales Of Week.
There have been q few sales Of lum
Der this week, among them one OF 500,
900 feet by the Leisure Lumber com
pany, which cleans that concern out
Of stock Of all kinds, other than few
thousand feet Of odds and ends. The
Leisure company is not numbering this
year and may not the coming winter
but retains it's mill and timber, Of
which # has s a; lRerge quantity n;na H ani
better, at $40. has also been made. This
price contrasts with sales Of the sam!
grade of No and better at about SIG
One Of the dangers OF this marke
is that it may not be maintained at :
high enough pitch to make it an In
yiting field, and some manufacturer
are fearful that such q pass may COM
in time. They want large cut ever!
wear, and steady business, so tina
the buyer will not get in the habi
Of substituting other woods for whit
pine that he has been buying at tn
head Of the lakes. =. :, r.>z
p,Ices Advancing.
Lumber prices are still advancing
and the price at which a lot of No.
and better was sold here this week
convincing proof. This was lot fro1
the Mullory mill, owned by Willia1
O'Brien, and the logs ran about twent
to the thousand, considerable Norway
and the product was largely to No.
This was sold for $40. A year ago thi
stock would not have brought over ST.
g. clear advance of SO thousand fee
There is very little lumber for sal
in fact, some dealers go so far as
state that this o 'Brien stock is abor
all there is on hand unsold. Of cours
this is far too sweeping.
One large lumber manufacturin
company here has just sold all it's CT
for the coming three, years, rsceivin
the top-notch price Of this season, an
is out Of the market till 1908. This
probably the first time, certainly tt
first time in this market, when a ga
of quantity of lumber was made Il
so long a period. Others are fgurin
on sales of the same class.