The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1925-12-04
IRON ORE AND STEEL
Items of Interest in Iron Ore and
Steel Cleaned from Authorities
on the Subject, viz: Sillings'
Review and Others.

The Duluth & Iron Range shipped
from their docks at Two Harbors
up to November 20 when the last
boat cleared, a total of 1914
tons of iron ore as compared with
4,817,294 tons in 1924
From present estimates by a Du-
luth man intimately identified with
the lake iron ore movement from
the Lake Superior district, the total
shipments will be in the neighbor-
hood, of 54,O0O,0G0 gross tons for
the season Of 1925. This was the
maximum estimate of a few weeks
ago, and was based then on favor
able weather conditions during Nov
ember. These conditions have for
the most part been realized. The
lake ore shipments in 1924 totaled
42,623,672 gross tons. The record
season of lake moved ore was 1915,
when 64,734,198 tons were forward
ed from Lake Superior.
Lake Superior iron ore consump-
ton during the month of October
amounted to 4,609,389 gross tons,
an increase of 598.563 gross tons
over the consumption of iron ore in
September. In October, 1924, there
was consumed 3,497,792 gross tons
of Lake Superior iron ore.
AT the furnaces consuming Lake
| Superior iron ore there was on hand
on Nov total of 33,541.569 gross
tons of iron ore and at the Lake
Erie docks on the same date there
was 7,656,229 gross tons. The
total tonnage on hand at docks and
| furnaces on Nov. 1, 1925, was A.
197,798 gross tons. This is 1885,
POI gross tons under the Al 1886, 089
gross tons at docks and furnaces
Nov. l, 1924.
Among the things which will come
up for consideration in the estab-
fishing of iron ore prices in the
Lake Superior district for next year
is the outlook for higher lake vessel
rates. 1t is pointed out that con-
tinued low water levels may be ex-
lpected the coming season. At least
there is no reason at this time to
look for material improvement. The
low levels make a difference of 800
to 1000 tons per cargo in the OPP
Grafton of the modern lake freight
er. Ore is sold on delivered basis,
at lower lake ports, and so if there
is to be an advance in the price of
iron ore because it is too low on
present freight rates, an admitted
fact, the lake freight matter will be
something additional as factor for
an ADVANCE of prices.
i Employees of the United States
Steel Corporation who have zeal.
ously taken advantage of their OPP.
portunities to subscribe for shares
each year, and have kept up with
the plan, have made considerable
money. One of these, a locomotive
engineer, has been with the Duluth
4 & Iron Range Railroad since back
in the middle eighties. He made 9
good investment in some acreage
adjacent to San Francisco in 1885
, Whether he made much or little By
this investment is not known, but hi
has been free and confident IN
weston in steel common outside Of
his annual opportunities to subscribe
for shares He is believed to b.
worth at least 100000.
***
Mill operations in the Pittsburgh
district continue at close to 85 pc,
cent of capacity and consumers ar,
showing a great deal of interest il
their first quarter requirements ant
a fair volume of business has beer
placed for delivery during thi
period. The. mills are taking ad
vantage of their improved position
as to untitled tonnages on books an,
are advancing prices on the lines o.
finished steel which have been un
reasonably low during the past FEY
4imonths. On the three heavy role