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Iron Mining. VALUE OF LEADING STOCKS. Quoted by Chas. H. Potter & Co., No. rog Superior Si. Cleveland, O. Stocks, Par Value. Bid. Asked. Cleveland-Cliffs Iron Company.............. $100 00 Poateoncsih oe Borer ee Champion Irom Compatly-.s 2.0.2. 0sscessoyevess 215 OOF UIKE 2Se seeder ToT 9 aaron Chandleriton .Companiyarnscciccercestesct te ZEHOORAL Fiestas 40 00 Jackson, lron, Company cices.scacussssgdneecees 25 JOOb Ect teat Ses ee ieacas 75 00 Lake Superior Iron Companhiy.............006 Z51OOs TM. cesondNeo eau tenccecnees Minnesota Iron Company.........sccocsessecoos TOG OO. pS yes 60 .6o Pittsburgh .é& Leake Angeline kromusGorc 25 OO a ene ee Republic Iron 'Company. ....0s.i is boss 25lOO tae Netehe aoe 9 25 PANG Hilliaita Cl oes seisiic ssiematctieeesninee eee acer ae ee neces 25 (OO Goes oc. cece unos aenctoueese Section, Phinty-threeste ats esc cece teeece 25 YOO f iay. Sen cio veer' aeaeeanees sacs BORNE GLO DM esmctareariecencescrieastiaen ect aeea ieee: 215 OO. Agia intense 2 50 IROMBCLEL ET. cocebuciesocnceescousscece ee eshte nee 25 OO a mur merece a7 IANO Altees ence tions onats snesectialanenss se emeen vere cate oth 25 OO!) = TARA cteas 7 OO From a review, elsewhere in this issue, of the awful condition of iron mining matters as they relate to lake shipping, it will be seen that the very best mining companies are quitting or curtail- ing mining operations just as fast as it is possible for them to do so and are drawing only upon stock piles for supplies to meet the limited sales of the past few months. On July 1 the big Cleve- land-Cliffs company will have practically discontinued all work of raising ore at its different mines and the Republic will be in the same condition. Mining forces at the Minnesota, Chandler, Ash- land and other properties that are the main-stays of the LakeSuper- ior region have been reduced to day shifts only, and the services of hundreds of ten dispensed with. The general depression in financial circles throughout the country has as much to do with this exceptional condition of affairs as the falling off in the de- mand for ore due to over-production. The steamer Pontiac brought to Cleveland, Tuesday, the first cargo of ore from the Biwabic mine, one of the largest of the Missabe mines, about which so much has been said. As this ore -is about the same as the Cincinnati ore, the property of the Cin- cinnati company being a part of the Biwabic tract of land, there' is no question about the quality, since the Cincinnati product has been used largely in making iron. 'The ore was loaded into cars at the mines by steam shovels. ~ At the recent meeting of the Lake Superior Iron Company in Boston, the membership of the board of directors was increased from seven to nine. 'The two new members are Messrs. Foster and Young of Boston. 'The officers are: G. W. R. Matteson, president; A.C. Tenney, secretary, and W. D. Rees,treasurer and general manager. The report that the Champion Iron Company was about to remove the pumps from its mine was discredited by Cleveland representatives of the company. 'The Champion has been min- ing no ore for about a year, but removal of the pumps would mean, practically, abandonment of the mine. Big Cargoes and Fast Trips. Big cargoes and fast trips are being reported among vessels that are working on season contracts, notwithstanding the great depression in the general carryingtrade. ThenewWhitney steamer Merida, a duplicate of the S. S. Curry, just turned out by F. W. Wheeler & Co. of West Bay City, is bound down on her maiden trip from Ashland with 3,118 gross tons of ore, or 108 tons more than the Curry took from thesame port. As these vessels, which are of the type with engines amidships, were not loaded deeper than about 14 feet 4 to 14 feet 6 inches, the canal draught, their carrying capacity is fully up to allthat was expected of them. The Merida goes to the C. & P. R. R. dock, Cleveland, Mack Andrews superintendent, where the Maryland was a few days ago unloaded of 3,134 tons of ore from Escanaba with six hoists in rr hours and 45 minutes, and an effort will probably be made to better this time. At 4a. m. on Monday, the 19th inst., the whaleback steamer Pathfinder, towing the barge Sagamore, left Erie, light, for Ash- land and at the same hour on Monday last the boats had returned to Cleveland with about 5,300 gross tons of ore, thus taking up but seven days in the run from Lake Erie ports to Ashland and return, including time of loading. J. W. Westcott, marime re- porter of Detroit, calls attention to the fact that on this trip the Pathfinder and tow passed down June 17 at 4:50 p. m., and were down again, bound for Cleveland, on the 25th at 6:20 p- m., mak- ing the time of the full round trip, loading and_ unloading, only 8 days, 1% hours. 'This is undoubtedly the fastest tow on the MARINE REVIEW. ¢ lakes. It is claimed that the Pathfinder, under favorable circum- stances, makes 12 miles an hour with her tow. On her last trip to Duluth, the steamer Thomas Maytham, having a cargo of 2,700 tons of soft coal, was unloaded at the docks of the Pioneer Fuel Company, of which A. E. Botsford is superintendent, in 15% hours. Four of the Brown Hoisting and Conveying Company's rigs were used in discharging the vessel. This is certainly very rapid work in discharging soft coal. Two trips between Ashtabula and Escanaba in 7 days 7 hours and 55 minutes is the latest record credited to the Mutual line steamer Corona. One of the trips, not counting time of unload- ing, was made in three days, 13 hours and 30 minutes. The new docks at Conneaut are also credited with some fast work in unloading ore. Hawgood & Canfield's new steamer L. R. Doty was relieved of 2,000 tons of ore at that port a few days' ago in 12 hours actual working time. Capt. James Davidson's steamer City of Glasgow, towing the schooners Aberdeen, Paisley and Dundee, arrived in Buffalo Wed- nesday from Duluth with 261,000 bushels of wheat, the gross freight on which at 3 cents was $7,830. The Viking Ship. Within the coming week the Columbus caravels, as well as the Viking ship, about which so much has been written of late, will have passed up Lake Erie on their way to the World's Columbian Exposition. One of these curiosities, the Viking ship, will stop at Buffalo and§{Cleveland and probably at other - places along the route. In the§accompanying engraving there is a good representation of the type of ship in which Leif Ericksen, _ the Norseman, is reputed, according to some historians, to have discovered America nearly five hundred years before Columbus landed on its shores. 'The vessel is a reproduction of a Viking ship found thirteen years ago in a mound at Gogstad, near Sand- efjord, Norway. Capt. Magnus Anderson, who brought the ship here from Norway with a crew of twelve picked men, obtained notoriety some time ago by crossing the Atlantic alone in a small boat. Oct. 1 is the date fixed for turning over to the trustees the new Webb Naval Academy and Home of New York. Spain has adopted the load-line for its merchant ships, and after April 27, 1894, the marking of load-lines on vessels' hulls, according to government rules, will be compulsory. About Aug. 5 the Lucania, sister ship of the big Cunard liner Campania, will leave Liverpool for New York on her maiden voyage. Canadians are now talking ofa railway between Collingwood on the Georgian bay and Toronto. Ship-canals and ship-railways have been planned for this stretch of territory to cut off the long water haul through Lake Erie and the Welland.