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MARINE REVIEW. 7 Record of Speed and Big Cargoes. [Masters or owners are invited to report improvements on this list. | Iron ore: Maritana, Minnesota Steamship Company of Cleveland 4,260 gross, or 4,771 net tons, Escanaba to South Chicago; Maryland, Inter-Ocean Transportation Company of Milwaukee, 3,663 gross, or 4,103 net tons, Escanaba to South Chicago, draft 17 feet 4 inches; Western Reserve, Peter Minch of Cleveland, 3,314 gross, or 3,717 net tons, Escanaba to Ashtabula. Grain: E.C. Pope, Eddy Bros. of Bay City, 125,730 bushels of corn, Chicago to Buffalo, draft 14 feet 8 inches; Western Reserve, Peter Minch of Cleveland, 112,431 bushels of wheat, Chicago to Buffalo; W. H. Gilcher,J. C. Gilchrist of Cleveland, 114,982 bushels of corn, Chicago to Buffalo. Speed: Owego, Union Line of Buffalo, Buffalo to Chicago, 889 miles, 54 hours and 16 minutes, 16.4 miles an hour; Saranac, Lehigh Valley Line of Buffalo, Buffalo to Lime-Kilns, 240 miles, 15 hours and 10 minutes, 16 miles an hour. lron 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 oo See $ 70 00 Chanipron, [rom COmpawy..sscs-..c.0 b+. otevce 25 - OOS Gt a eveneretes 60 00 Chandlendrony Compan yal...c...cs6e; vaceede. 25 00 AALOON xs Panett PackcoOn Iron. COMPA 2. c.cscswacnasese seen nce DS OO bpd ican ct stoeet ats 95 00 Lake Superior Iron Company..............0. 25 00 43, 00 44 00 Mimiesote Iron Compattyec: cs .0ss0202. 0020-2 100 OO 73 50 77 OO Mttcbubeh oolake Angeline, [ron Co..k-6 25800l.. 9 7% stave... 140 00 Repiiblic Irom Company.-........:..0ére.+s-0s- De MOOi eee ae a ccc: 13 25 PNGINPATION docs atte deces edna Facts okbrbs seh dete as DECOM Ere fai tertsteth eg Sia. eoet sees SeGtiomabiity-bMLeCr. «tases cscss hessuentunaies BEEOO 2s tee se cee: GE SD ROU MeRtON eer scraceccscsst Ae. ecccc sts cei ee Soecennes 25 00 ZI00n 2 50 Htcommeb elitescrey asdcek canes s teok | adscscscach Sere bodes s 25 00 2 25 2 50 PAMUDRO Te Asetentsee s Foes qusmee ches eevie'tin cca uwaoesd aeuw eee 25 00 Sie ee cesta 6s Shipments from the Mansfield to date foot up about 45,000 tons. 'The company is understood to have sold 80,000 tons. The Dunn has shipped 85,000 tons and will undoubtedly make an output of 150,000 tons for the season, against 167,000 tons in MeO lees ta The Cleveland and Lake Angeline companies are discussing the question of sinking a union shaft between their lines in the Lake Angeliné basin, the location proposed now being covered by water. Whether this work will be commenced this fall or not has not yet been decided upon. There is no truth in the report that the Champion Mining Company has sold 275,000 tons of ore. The mine has never produced more than 225,000 tons ina single season. Mr. H. H. Brown, Cleveland representative of the company, says that some ore has been sold and shipments are being made from the stock pile, but the statement that sales amount to 275,000 tons is ridiculous. -- With almost three months left, during which shipments of ore may be made from Ashland, the movement from that port on Aug. 17 was 71,279 tons more than the entire movement during 1891. The figures were 1,324,605 gross tons shipped on Aug. 17 of this season against 1,253,326 gross tons shipped dur- ing the entire season of 1891. Heavy sales of Bessemer ore this season is, of course, the cause of this increase. Shipments from Ashland during the entire season of 1890 aggregated 2,174,556 gross tons. It is more than probable that the big record of 1890 at this port, at least, will be overreached during the present season, as to do this an average weekly movement of but about 60,000 tons will be required. Shipments of iron ore from Two Harbors up to and includ- ing Wednesday, Aug. 17,aggregated 670,746 gross tons, of which 384,969 tons were from the Chandler, 282,433 tons from the Min- nesota, 2,265 tons from the Pioneer and 1,079 tons from the Zenith mine. On the same date shipments from Ashland ag- gregated 1,324,605 gross tons, divided among the different mines as follows: Ashland 111,841 tons, Aurora 188,006, Colby No. 2, 37,584, Rand 15,536, Tilden 147,285, Taylor 12,783, Globe- Ashland 5,309, Iron Belt 92,162, Montreal, north vein, 21,920, Palms 34,655, Section 33, south vein, 2,362, Section 33, north vein, 3,133, Anvil 1,696, Brotherton 66,031, Comet 19,198, Carey 18,977, Newport 63,233, Imperial 2,446, Norrie 257,802, East Norrie 125,877, Odanah 1,286, Pabst 25,255, Eureka 5,- 084, Sunday Lake 38,628, Windsor 15,503. It is reported from Duluth that in the W. H. Oliver lease of the Mesaba Mountain mine the advance royalty of $75,000 has been paid. Details of these leases as published seem almost in- creditable. In this case it is said that the minimum output is 400,000 tons a year at a royalty of 65 cents a ton. "At the Mountain Iron," the dispatch adds, "the plow used in stripping turns up 62 per cent. ore in the second furrow. In spots the ore is found just under the leaves. 'Thhe ore is not over 4 feet from the surface over a length of 400 feet and an unknown width. It is soft blue hematite of excellent quality. At the Biwabik stripping is progressing with a steam shovel. 'I'he cost of strip- ping and moving the dirt several thousand feet with tram cars and horses is 17 cents a yard. Itis expected that steam cars will reduce it to ro cents a yard. 'The average depth of strip- ping is 30 feet with 60 feet of ore below."' Actual Investment in Cuban Iron Mines. About $5,000,000 has been actually invested up to this time in the building of railways and docks for the development of iron mining properties in Cuba, and yet only one of. the three _ American companies engaged in this enterprise has shipped any of the ore. There has been no halt in the work but mining ope- rations go slow, even under favorable conditions. 'This esti- mate of expenditures is made by Mr. S. P. Ely, vice-president and general manager of the Spanish-American Iron Company, in which C. Ll. Colby, Colgate Hoyt and C. W. Wetmore of New York are leading stockholders. Mr. Hly has been spend- ing a few weeks in Cleveland but will shortly return to Cuba to conclude preparations for shipments by his company of 200,000 tons or more of ore next year. The Spanish-American com- pany's railway and docks at a new port that has been estab- lished near Santiago de Cuba are about completed, and the Sigua company, controlled by Philadelphia capitalists, is also about ready to begin shipments. The Juragua company, which is virtually the Pennsylvania Steel Company, was first to begin work on the Cuban range, and in addition to a large quantity of ore shipped during two years past will produce about 400,000 tons this year. Mr. Ely says that Spanish laws and the many other disad- vantages encountered by corporations seeking to establish any enterprise on a large scale in places like the island of Cuba are against the formation of any iarge number of companies or the creation of a boom in the district similar to that following the opening of new ranges in the Lake Superior region. As leading stockholders in the American Steel Barge Company are interest- ed in both the Spanish-American and Sigua companies of Cuba, it may be expected that preparations will soon be made for whalebacks to bring the Cuban ore to this country. A Saitek a BF ct eS A Close to the 5,000-ton Mark. With the addition of 1 per cent. carried without charge by all boats in the iron ore trade as an allowance for moisture, the cargo taken out of Escanaba for South Chicago Monday by the steamer Maritana foots up 4,260 gross or 4,771 net tons. Ona draught of 18 feet, or a few inches more than the draught on which this cargo was taken, the Maritana and her sistership Mariposa, will carry 5,000 net tons without any difficulty, and it is certain that the larger steel steamers now building at the yards of the Detroit Dry Dock Company and F. W. Wheeler & Co. will improve upon this record. 'The Mariposa is about to load her first cargo at Two Harbors and willundoubtedly bringa large load of ore through the Sault canal. She was given a trial trip in Cleveland Tuesday. Representatives of the Globe com- pany and the owners, the Minnesota Steamship Company, were aboard and the trip was satisfactory in every way. The whaleback steamer Thomas Wilson last week brought a cargo of 2,646 gross tons from Lake Superior on the canal draft of 14 feet 9 inches, and the Onoko, which held the record of big cargoes for a long period, carried 2,496 gross tons ona like draft. Send 75 cents to the MARINE REVIEW for a binder that will hold 52 numbers.