The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

12 Iron Mining. VALUE OF LEADING STOCKS. Quoted by Chas. H. Potter & Co., No. 104 Superior St. Cleveland, O. Stocks. Par Value. Bid. - Asked. Cleveland-Cliffs Iron Company...........- $100 00 i pensaes $ 75 00 Champion Iron Company......-+.-++- Ren epenes ial 6, 0) ire aah 60 00 Chandler Iron Company........ceseseeeecesees 25 00 43, 00 46 00 Jackson Iron Compaty.......... pee epee DIG OO ne egaaeeop eae 100 00 Lake Superior Iron Company...-..--1.+++e+0 25 00 43 00 45 50 Minnesota Iron Company.....s....-..--..-... Pore MOO; (OO ite ciconicuocs 75 00 Pittsburgh & Lake Angeline Iron Co..... 25 00 --sseserees . 145 00 Republic Iron Company......ssseeseeeeeere eee 25 OO! ay x cheten nae 18 50 Ashland .......:.cesssscssereeecs oe ccoreceecserervece DB gOO. :- awanartenaaateks oars Section Thirty-three................. see ea Dy OO va cstuineevies 7 50 Brotherton..........- Peach c kot pneu cnn aon ict niauc con 25 00 2 00 e250 Tiron! Believes. ovens cesee rere Eisaeieetaeecaaeoas 25 00 nl Opeemeaan see PAE EG ete ecblnn 6 .teRetew pn sees ra csatraitt teeiate <> 25200 BeeDiese ae saleteeema Peter Kimberly and Henry W. Oliver are the "'plungers"' of the iron trade. 'hey have taken the lead in contracts for actual work of development on the Mesaba, and their operations will receive a great deal of attention. The details of leases as made by them seem almost increditable, however, in view of present conditions in the ore trade. Oliver's lease of the Cin- cinnati is said to contain the following terms: Minimum output guaranteed, 150,000 tons a year; royalty, 55 cents; advance roy- aity, $25,000; length of lease, nineteen years. The lease in- cludes the entire property, eight forties. The lessees also agree to explore the four fourties that have not been explored, and if they find iron, they agree to mine a minimum of 10,000 tons extra on each forty. Shipments of iron ore from T'wo Harbors up to Wednesday, June 22, aggregated 265,223 grosstons, of which 154,760tons was from the Chandler and 1rro,463 tons from the Minnesota mine. On the same date shipments from Ashland aggregated 571,079 tons, divided as follows: Ashland 55,419 tons, Aurora 92,048, Colby No. 2 16,753, Tilden 66,345, Iron Belt 30,110, Montreal, north vein 8,406, Palms 14,756, Brotherton 28,299, Comet 2,375, Carey 11,495, East Norrie 63,217, Newport 19,967, INOGGIEr Ia7.452. Pabst 18,556, Sunday Lake 21,025, Windsor 4,919. F. W. WHEELER, President. MARINE REVIEW. E. T. CARRINCTON, Vice-President. Around the Lakes. Mr. F. A. Hawley succeeds the late D. B. Linsted in the position of general western agent of the Central Vermont Line, with headquarters at Chicago. In tour hours and 53 minutes 1,712 gross tons of ore was unloaded from the steamer George I'. Hope at South Chi- cago, Tuesday. This surpasses previous records in the unload- ing line. Capt. D. P. Nickerson, who died in Cleveland Monday at the age of eighty-three years, was among the oldest of lake ves- sel masters and was well known as marine inspector for the old Mercantile Insurance Company of Cleveland. On 15% feet of water the new wooden steamer Iroquois, built at Marine City by Curtis & Brainard of Toledo has just brought down from Escanaba 2,316 gross tons of ore. She will undoubtedly carry 2,400 gross tons if loaded to the full depth of water in the rivers. The owners of the consort John C. Fitzpatrick are also very well pleased with the carrying capacity of their boat. She has just taken 1,906 gross tons to South Chicago on Lake Superior draft. The pair of boats, the Hope and Fitzpatrick, carried on this draft 3,618 gross tons. Here is a.sample of dispatch given by the management of the Reading coal affairs in Chicago: The steamer Italia on her last trip there with hard coal from Buffalo consigned to that company was in port a full week lacking afew hours. She was at first assigned to an up-town dock, which it was impossible to reach on account of her size--she carried about 2,500 tons--and was then turned over to the mercy of a shovelers' union at a second dock, where only four men were allowed to work at a hatch, although double that number might be used to advant- age. 'There should be no complaint on the part of shippers when masters or owners refuse to charter their boats to certain companies on account of this sort of treatment. Coal is carried cheap enough as it is without delays of this kind to costly ves- sels in handling. it. Be F. L. CILBERT, Secretary. e uillers of all kinds of METAL AND WUUDEN SHIP, é >