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MARINE REVIEW. , 9 : ' tron Mining, VALUE OF LEADING sTocks. Quoted by Chas. H. Po tier & Co., No. 104 Superior St. Cleveland, O. Stocks. iP é ; Cleveland--Cliffs Iron Gompaniy: ta oe foes ee j Bid. oe Siemipion ron Company......c.....ss60c.,.. DE aOOL Ree Se PetelrOn, COMPANY.....ccccccerccssecccee, Boon ee 42 = He@icam MnOm COMpPAany...........cccecsesscees., DEEGON ns ee ee 43 5 Rake superior Iron Company................ BEM Oo ir a sien ee a ae Minwesota Iron Company.............0..00.... 100 00 67 60 a 00 Pittsburgh & Lake Angeline Iron Co...... 25 00 ae ae epmplic non, Company.........-:-.....6.6.... 25 00 9 25 ae na PRPC eso eicc 3.658 ooo te> Seo écces ences 25 00 meeMOn Mirty-three.............cccesccseeeceecs, 25 00 eee A 00 BEOUMEGLOM s+... seccecces<ce THeDOnU BE OO AGEN eae 25 00 = 2 00 2 50 RRM CM crc erie eces (vvesa inc sseceveveccccsc nck: DOE OOK ee eee te eae 2 00 eRe iste iacoiet sat See viee ce SoS dw ececee celoces. DR OOtee i ee 9 00 At the special meeting of the Republic Mining Company, held in Cleveland on the 14th inst., it was found that the Chicago stockholders who were represented by Messrs. Leiter, Austrian and others, and who opposed the proposed resolution giving the directors authority to transfer operations of the company to new properties, presumably the Mesaba range, had secured control of about 29,000 shares of stock to be voted upon the question. A two-thirds vote was necessary to carry the resolution and, as the _ directors and their associates represented but about 56,000 shares outside of treasury stock, no vote was taken. A resolution was passed unanimously for consideration of the same question at the annual meeting next month. A statement from the management showed assets aggregating $1,062,000, of which $340,000 was vessel property, $52,000 cash, $289,000 bills and accounts receiv- able and the balance mine inventory and ore on hand. An important document presented at the meeting was a re- port from Prof. Charles D. Lawton, late state geologist of Michi- gan, relative to the present condition of the mine and its future prospects for the production of ore. 'The report was prepared at the request of President Rees. Mr. Lawton says in connection with a review of past operations in the mine and a technical de- scription of its present condition: "I have been somewhat familiar with the Republic mine since work was first begun in it, in 1872. I have been through it many times in the past, and have thus seen it in its palmiest days, when it contained large bodies of the best of ore. I was not fully prepared for the great . changes now apparent in the mine. 'The falling off in its pro- ductive capacity is so complete as to suddenly relegate the mine from its position as first, or nearly first at least, in the list of hard ore mines, to a place among the smaller and less profitable mines; certainly very little as compared to the income realized in former years. I knew that during several years past the lenses of ore in all pits of the mine were contracting; that in every pit, as greater depth was attained from year to year the bodies of ore were becoming smaller; but I did not realize that in that por- tion of the mine where formerly the greater part of the product | has been secured the ore bodies had almost utterly disappeared. It seems to be the fact, however pitiable the truth may be, that the rich lenses of ore that were once found in shafts Nos. 5, 6, 7 and 8 have vanished and their traces cannot be found. I confess that it is difficult to realize that the great Republic mine that has so long stood as the standard of stability and quality should now suddenly collapse; that the important bodies of ore should now finally, 'pinch out' and disappear almost entirely. It does not appear that the Republic mine can long be a large or profitable producer of ore. I include in this judgment the West Republic, with the past mining in which I am familiar, and with the dia- mond drill and other explorations that were made on the prop- erty, also. I think the better way to pursue, is to work the mine in a moderate way and continue to explore the ground as has lately been done. I see no reason to alter the plats of work, as we discussed them down at the mine. I was accompanied in my examination by Messrs. Pascoe, Forsberg and the mining cap- tain, and I have in connection with my observations relied on the information which they have given me. My report is made up from what I saw, and the statements of these gentlemen."' A Chicago dispatch says that at a meeting of the executive committee of the Minnesota Iron Company, Monday, it was re- solved to build a line of road from the most practicable point be- tween Duluth and Two Harbors in a northwesterly direction straight into the heart of the Mesaba iron district. A surveying party will be immediately organized under the charge of Engi- neer Angst for the purpose of laying out the proposed line. P. H. Carroll and Samuel Redfern have leased the old Pio- neer furnace at Negaunee, Mich., which it was the intention of the Cleveland-Cliffs company to abandon. Onestack will be put in blast immediately. Mr. Carroll was founder at the furnace for years, and Mr. Redfern had charge of the coal and other sup- plies. The lessees think they can turn out between fifty and sixty tons of iron a day with profit. After being connected with the Republic mine continuously for twenty-one years, Supt. Peter Pascoe last week resigned his position to become a state senator. Joseph Selwood has been made vice-president of the Duluth & Iron Range Railway. He is said to have given up his con- tract at the Chandler. Engines of the Christopher Columbus. In the erecting shop at the works of S. F, Hodge & Co., De- troit, the triple expansion engines of the world's fair whaleback _ passenger steamer Christopher Columbus were open for in- spection during the present week, and the sight of this massive machinery, with its bright, rounded columns and a profusion of brass work, was certainly attractive. "The wrought-iron finished columns in front, which are new to the lakes, give the whole work a most pleasing appearance. 'The cylinders are 26, 42 and 70 inches diameter by 42 inches stroke. The high pressure cyl- inder is fitted with a piston valve, and also an independent liner ot hard iron, and the intermediate and low pressure cylinders have triple ported slide valves. The engine is provided with a steam reverse gear, and also a new device of hand reverse gears. A system of steam and hand power for pinching the engine off the center is also provided. The bed plate is of the box-bed type, and has a very massive appearance, being 19 feet long and 11 feet wide. It is fitted with six journal bearings, and weighs fifteen tons. The crank shaft is 13 inches in diameter, with solid forged couplings, and divided into three equal parts, each part being interchangeable. The colunins consist of three cast-iron forked legs on the back of the engines, and six wrought-iron finished columns on the front, with all necessary bracing to make the whole structure a very substantial piece of frame work. Hachcylinder is placed on col- umuns independent of each other, and they are tied together with fore and aft brace rods, leaving them free to expand. All hand and waste gear is neatly connected to a central position on the - front of the engine. The cylinders are covered with white wood lagging, arranged in narrow staves alternating with fluted mold- ing and finished off with polished brass bands. In addition to this the tops of cylinders are covered with cast-iron polished false covers and brass conical heads, carrying casings for the upper end of the piston rods. 'The engine is fitted with a Knowles in- _ dependent vertical air-pump and condenser and with independent combined boiler, feed, bilge and cooler pumps. Increase in Average Size of Lake Vessels. E. C. O'Brien, commissioner of navigation, has just issued a small pamphlet entitled '""The Shipping Interests of the United States," which is a part of the commissioner's annual report, which is now nearing completion. In this pamphlet Mr. O' Brien presents a great many arguments in favor of protection for American shipping, and in this connection calls attention to ad- vancement secured to lake commerce through protective coasting laws. He says: Ss 'Our lake tonnage increased from 711,269 tonsin 1882 to 1,183,582 tons in 1892. The naval architecture of the lakes has been revolutionized during the last twenty years. The size of vessels employed on the lakes has also steadily increased, as shown in the following statistics: The average registered ton- nage per vessel was: TONS. LOO fei ee: yin mca ire ea eee ee eee ee 626.3 TiS Oieaiiete athe inne oer reel ne te ee cap eadiaie sane om 701.5 SSO: oes ce cae toe eec ee cenes a ee eee ee cae eee 790-5 WSO OR. lesen haces esses ue aces ea aera eseaerry « 833-8 TOO cc oes eset cusecencsd ce choco piece rade es ces acsuiens 862.1 EOO2 ose ecucspcuchariet sean sanne teach: classe am pelos 884.14 "The tonnage of the great lakes now embraces a fleet of large steam vessels, models of beauty and nautical efficiency, which offer to shippers and passengers an wmnsurpassed trans- portation service.