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Or MARINE REVIEW. 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 Gio oe $ 63 00 Champion Iron Company...-eeeereeeceseeeeeees ZEROG. en MATa 58 00 Chandler Iron Company...-.eceecsceeesereeeees DEEOOTe Tepe ware ee 46 00 Jackson Iron Company....scsessereseserceeerers ZOO ks Ls Cdocsceeee 75 00 Lake Superior Iron Company...........+++06 25 00 40 00 42 00 Minnesota Iron COmpany.........ceccereeeceeee 100 00 _ 70 OO 75 00 Pittspuneh oc Lake Angeline Iron Co... 92500 © = 4 sis. 145 00 Republic Iron Company................sese+e. 25 00 10 OO 12 00 FSAI es ceemcen-eoeecrwece seme aera ta eee oee on BIS AG O)A NE Sy ashe ooon eet C00 ao Seerromeleti nt yt MECO. mace ee deees ttverse see ze- 25 W022 eae. cata 5 00 Brotherton..........-....... SDpop enicoaPucoRe nacre 25 00 2 00 2 50 irom) Belitverc.ccss. ndcdhgnedonidheseado dogo rlocoehANdseN 25 00 2 00 2 50 PAO Ase eo shee eerie eetidces cna teeet nena yi ew ch 25 00 B25 ou Niacnene Following are some figures now given out by promoters of Mesaba range properties regarding mines under contract to ship next year, together with royalties and minimum ore output: Minimum Advance output, Royalty. Royalty. eross tons. Cimemamatioean cep pester $0 55 » $25,000 150,000 Biwabik, (P. L. Kimberly).... Peete cote rte 300,000 Biwabik (Berringor)............. DO oem Fans ooo *100,000 AVA OUI. atvcstese narra esate: 50 25,000 50,000 Wyoming (A. J. Decker)...... 30 40,000 25,000 Wyoming (J. T. Jones)......... OU ee eerecsaess 25,000 New England (N. D. Moore).. 55 50,000 150,000 New England (Weimer)........ 5) 25,000 50,000 WonenaCloe isms scr. ccen-bescsa 65 Peer 50,009 Mesaba Mountain................. 65 75,000 400,000 Oli OR eee arene eros enseakctine OO RE Ee a acekccees 150,000 Heh GC as wens crsscs eee eis contd s AOE Sd est tte ee 50,000 Wyoming (Parkersburg Iron COMO AUNY oe epee oases es 50 30,000 50,000 SIM Getler eerie taene setae ae esses ee canescens 1,500,000 © * This amount first year and 50,000 tons second year. Stevenson Burke is president of the Standard Ore Company and H. P. Barbour, F. A. Bates, Henry W. Oliver and A. D. Thomson are among the directors. This company now controls the Cincinnati and Hale properties, Mesaba range, and is nego- tiating with the Homestead Iron Mining Company for a lease of another forty acres, on a guarantee of $5,000 advance royalty and a minimum output of 30,000 tons at 40 cents a ton. Another Mesaba lease recorded recently gives the Virginia Iron Com- pany the right to mine ore on a tract of land owned by the C. N. Nelson Lumber Company. The lumber company retains the timber rights and is to receive 30 cents a ton royalty on all ore mined. Within a few days track laying on the Huron Bay Railway will be completed from the new port on Lake Superior to Cham- pion, Mich. The company has made a bid for hauling the ore of the Champion mine next season and expects to get the work. Shipments of iron ore from Two Harbors up to and includ- ing Wednesday, Oct. 26, aggregated 1,072,560 gross tons, of which 610,499 tons were from the Chandler, 446,606 tons from the Minnesota, 2,525 tons from the Pioneer and 12,930 tons from the Zenith mine. Lloyd's Supplement for November. New tonnage in the Inland Lloyd's Register for the last month of naviga- tion makes quite a good showing. There are eleven vessels having a net ton- nage of 7,427 tons and a valuation of $854,000. The two 261-foot car ferries, built to carry loaded cars across Lake Michigan, the new wooden steamer Morley, very much like the St. Lawrence, two schooners built at Davidgon's West Bay City yard and two more McDougall barges are most important among the new craft. The list with tonnage and valuation follows : NAME. PORT OF HATL. | OWNERS. Poa VALUATION PAPA OTe INO pales POC Osercnec sae In. Ae Aer Ni Mie RR: Olas 564 #900,000 AmDeArbDOn NOs 4 LOLedO ete. ee ApAtdoeNic ye ih cake Osea 564. 900,000) Wm. B. Morley..... Marine City........... WMOMIG Vie eson ee ieee a fo a atts 125,000 Wat aia) eee Ashtabula, scare: OWA SY erect ee ee anc, 26 12/000 Perfection Se DavsOlivens: Pen Sem Av S Ole = eee ee ee *4() 15,000 Sunol....... I) ONVMISMEs ater eee aa pee 31 12'000 Aberdeen Davidson nan senor seen 994 50.000 Dundee ... .|Davidson Trans. Co........... eft 995 | 50,000 Loretta ... P ClittondsC- BROOKS: en ae 312 10,000 Barge No. 126 : . American Steel Barge Co....... 1,168 90.000 Barge No. 127........ .|American Steel Barge Co....... 1,168 90,000 oe ee eprs| gen Ewe 0,427 $854,000 *Astimated, il "UGGS SS PS STNG : s S oe O"Ss M. A. BRADLEY. President. 2 _ Millen, Detroit, Mich. John G. Keith, Chicago, Ml. rare Firth, Erie, Pa. W.S. Brainard, Toledo, 0. VICE-PRESIDENTS: 4 Thomas Wilson, Cleveland, O. R.P.Fitzgerald,Milwaukee, Wis, Peter F. Miller, Buffalo, N.Y. Alex. McDougall, Duluth,Minn, 'harles c Secretary, Buffalo, N.Y. Geo. P. McKay, Treasurer, Cleveland, 0, CHEE a ar. Goulder, Counsel, Cleveland, O. : : ? LIFE SAVING STATION AT " DEATH'S DOOR."' As a result of numerous accidents in the vicinity of '"Death's Door," entrance to Green bay, Lake Michigan, an effort will be made by the association to secure the establishment of a life saving station on Plum island. 'The nearest life saving station to this dangerous locality is the one at Sturgeon bay canal about forty miles distant., On the night of Oct. 17 the steamer Gilmore went ashore on Pilot island in this vicinity and isa total loss, and the steamer Merrimac of the Inter-Ocean Transit Company's line went on Nine-Foot shoal at the same time. The boats were running for shelter from a south-east gale. The Merrimac was compelled to throw overboard 300 tons of ore be- fore she was floated. Again in the storm of last week the schooner A. P. Nichols went onto Pilot island and if released it will be with great difficulty. here are now three wrecks on Pilot island, two on the middle ground back of Plum island and two on South Fisherman shoal, east of Washington island. Four of these have been stranded since last fall. PROPOSED DREDGING AT "COLLISION BEND." Acting Secretary of War L. A. Grant gives the vessel owners little encouragement regarding their request that a small portion of the money appropriated for St. Mary's Falls canal and approaches be applied toward widening the channel by dredging in that portion of the St. Mary's river where the steamer Peck was sunk and where several accidents have since occured. He submits in connection with a recent communication a letter from Gen. Poe, in which that officer admits that there is great necessity for the proposed improvement. He says, however, that dredges now employed on the St. Mary's river are employ- ed on specific contracts and can not be diverted to this work. Even if dredges were available, he is of the opinion that the use of any portion of the funds now available would be inadmissable, except under the greatest emergency, such as existed when the channel was completely blocked by the sinking of the Peck. Nothing will be done this fall, and unless the association makes a special effort toward securing funds before next spring this channel will remain a menace to navigation troughout next season. Congress at its session this winter might be induced to pass a law diverting a small portion of the canal or Hay lake funds to this improvement. PILOT ISLAND LIGHT. At the last meeting of the financial committee of tne association, a communication was received from Capt. William Nicholson of Chicago, asking that the light on Pilot island, Lake Michigan, be changed from a fixed red to a fourth order fixed white, with a 15-secoud white flash. In January last the board ordered this change, to take effect immediately prior to the establishment of the Plum island ranges. Unfortunately, no appropriation was secured at the last session of congress for these Plum island ranges and the change has not been made. The matter has again been taken up with the light-house board, however, and Secretary Coffin of that board informs the associ- ation that it is now in the hands of the district officers. Mr. George Baker, inventor of the sub-marine boat which has attracted a great deal of attention at Detroit during the past summer, is having the boat taken to Chicago in order to secure advantage in his experiments from deep and clear water within the breakwater. Mr. Baker's home is in Chicago, and it is also probable that he intends to derive some benefit from having the boat in operation during progress of the World's Columbian ex- position. ST. MARY'S RIVER CHARTS Nos. 1 AND 2 FROM POINT IROQUOIS TO EK. NEEBISH AND FROM MUD LAKE ENTRANCE TO E, NEEBISH, COR- RECTED TO AUG. 30, 1892, CAN BE HAD AT THE OFFICE OF THE MA- RINE REVIEW, 516 pRRRyY-PAYNE BUILDING, CLEVELAND, FOR 20 CENTS EACH, OR BOTH BY MAIL FOR 50 CENTS. BOTH CHARTS WILL BE FURNISHED WITH CLOTH BACKS AND BOUND EDGES FOR $1.