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MARINE REVIEW. : 9 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 Pe ctisscen oe ees Chanipion Tron Conipaniyscccccs-cessneeet. ne 25000 > Soar eae erences Chandlerdron- Com patiye.«ccscne-csesmeceens 25,00 "are womens 39 50 jackson alrons Com paiiycvrs ror shce, oeee okies er: 25 (OO ipo reve cuaere 75 00 Lake Superior Iron Company.............000 25 OOP las ceisleeact ceo gin ieee ees Minnesota lnon Compatiye-.<cacseseceaeccrers TOO*002) Sone ote: 60° 00 Bittshursh ake Angeline dronCow.< -25 004099" Ae 125 00 Repitblieslron= Com paniy--ccsescessseserercen 2'5 OO) pre eaeacatee 9 25 PASI Aid iereeeniodsee rece cemeeeent ewcactiod aeeneetn ees 25 OOM otis caste eee eee Sectioned hirty-threescs.c.<cteusteveee ns cteeck: 25 /O0s9 WE SE cee TROY MEE KONO oo iocqaaboodEsbondboscoo0G cadoUSooduanGOReeE 25 OO ae tata Wecresnats 2 50 IONBBE Li tecnccnesece ceases nomen anceeren ae ee DQ5NOO! Lea ime ecatcrs 2 50 PANU OT Bee cheisle npiecies del cteccasieseeseiieet sess Errante 25:00: 209 a joeabos 7 00 On the roth inst. shipments of ore from Two Harbors aggre- gated 406,191 tons, of which 206,336 tons was from the Chandler mine, 175,186 from the Minnesota, 15,787 from the Canton and 8,782 from the Cincinnati.. On the 15th inst. the total from Ash- land was 543,840 tons, divided among the different mines as fol- lows: Ashland 26,465 tons, Aurora 85,808. Colby No. 2 7,070, Tilden 54,544, Germania 4,975, Iron Belt 5,833, Montreal, south vein, 1,347, Montreal, north vein, 19,777, Brotherton 14,643, Comet 5,035, Carey, west 24,439, East Norrie 28,203, Eureka 16,623, Newport 39,653, Norrie 106,492, Pabst 77,541, Sunday Lake 17,524, Davis 6,204, Jack Pot 1,651. At least one mining company in the Lake Superior region, the Ashland, finds a little comfort in good fortune during the present period of depression. 'The ore find at this mine, which was referred to some time ago, has turned out quite favorably. In a small perpendicular shaft ore was struck 20 feet from the surface and at 114 feet the shaft 'is still bottomed in good ore. At adepth of 90 feet, a cross-cut was run south 55 feet to the foot- wall. 'Turning back, the crosscut is being driven by the miners to the north, the entire length of same being over 80 feet, and no hanging yet in sight. The policy of suspension in mining operations has extended to the big Minnesota and Lake Superior companies with about as much earnestness as has been shown by the smaller concerns. Following a general reduction in wages at both of these proper- ties, arrangements have been made during the past week to dis- continue a very large part of the mining work. Operations in two shatts at the Minnesota were discontinued Saturday, and only one shaft at the Chandler, which is however the main pro- ducer, is being worked. There is probably no foundation for the rumor that the so- called Rockefeller interests in the Missabe--the Merritt combina- tion--is arranging for a consolidation with the Minnesota Iron Company. Around the Lakes. St. Mary's Falls canal draft is but a trifle below 15 feet. Shipments of hard coal from Buffalo last week were 61,573 tons. Fog-signals at Beaver island light station, Lake Michigan, are disabled and not in operation. Repairs will be made as soon as possible. On a mean draft of 14 feet 8 inches, the steel steamer Alva of the Bradley fleet, built by the Cleveland Ship Building Com- pany, loaded at Lorain 3,052 tons of cargo coal and 200 tons of fuel. 'This was her first load and she was bound for Lake Supe- rior. Treasurer George P. McKay of the Lake Carriers' Associa- tion has received assurance from William Smith, deputy minister of marine in Canada, that a light will in ordinary weather be kept on the schooner Vance, sunk near the "Dummy," Lake Erie. The American three-masted schooner Grace G. Bennett, British three-masted schooner Cavalier and British schooner Mel- bourne, were classed last week by the American Shipmasters' Association of New York, publishers of the Record of American and Foreign Shipping. One day last week Mark Hopkins, with a few friends, took a spin on his steam yacht Bonita up to Bay, City tohave a look at the big steamer he and others are having built there. The 7 run from St. Clair to Bay City was made in the remarkably fast time of ten and three-quarter hours, and the return in ten and one-quarter hours. As the distance is 169 miles, the yacht's speed was fifteen and three-quarters miles an hour going up and sixteen and one-half returning.--Free Press. Hawgood & Avery's big steamer S. S. Curry will leave Toledo during the latter part of 'the present week with a big cargo of soft coal. It is expected that she will load about 3,600 tons, and if she does all records in the coal carrying line, on the limited draft that will be allowed her will have been badly broken. New rules and regulations just issued by Major J. F. Gregory, corps of engineers, U. S. A., for the government of the Sturgeon bay shipcanal are more stringent than those of the canal company ever were. Craft of any kind are not permitted to lie in the cut on account of the stress of weather, but must pass through and come into the bay, where there is plenty of good anchorage. team vessels are also prohibited from running at a higher speed than three miles per hour and can not pass each other when going the same way. The Marine Engine. Public attention has been so exclusively devoted in this country to the improvement of the locomotive engine that few, even among the well informed, understand the prodigious ad- vance which has been made in a genenation in the marine engine. Taking the engines of English men-of-war as examples, Mr. W. H. White, the English naval constructor, recently showed in a paper before the English Institute of Marine Engineers the change in marine engines which had taken place since the Black Prince, Achilles and Minotaurs were engined. 'These ironclads had engines which weighed 400 pounds per horse power, burned five and one-half pounds of coal per hour per horse power, and and worked their engines at the rate of 350 to 450 feet per minute, with a pressure of twenty to twenty-five pounds. Every five' years since has seen a change, and, without dwelling on the de- tails, the English ship of war to-day has triple expansion vertical engines, which carry 135 pounds of pressure, give one horse power in an hour by burning less than two pounds of coal, weigh 200 pounds per horse power, and drive their pistons 900 feet a minute. 2 Pressure has risen six or sevenfold, consumption of coal dropped one-half, weight of engines fallen in almost the same proportion, and speed nearly doubled. All this means lighter engines and more freight room, less coal and cheaper carriage, greater speed and more trips, The result is that it costs from 3 to 6 cents to carry a bushel of wheat 3,000 miles, and while rail freights have fallen a fifth to a third in ten years, ocean freights have fallen nearly one-half and go on cheapening without any apparent limit. All places are equally accessible by water and India and Australia compete in Huropean markets with our own products, though our coast is one-half to one-third the distance from London.--Philadelphia Press. Production of Pig Iron. The total production of pig iron in the United States in the first half of 1893 according to the statistics of the American Iron and Steel Association, was 4,562,913 gross tons, against 4,3- 87,317 tons in the second half of 1892, an increase of 175,601 tons, but a decrease of 206,765 tonsas compared with the pro- duction for the first half of 1892, which amounted to 4,769,683 The production of Bessmer pig iron in the first half of 1893 was the largest half-yearly production in the history of the country, amounting to 2,374,890 gross tons, against 2,189,696 tons in the second half of 1892 and 2,254,345 tons in the first half. There was a total decrease in stocks of pig iron on the market at the close of June last as compared with the end of December, 1892, of 43,215 tons. Alike to one of her sisterships on the lakes, the whaleback recently launched in England is named Sagamore. Lloyds returns show that, excluding warships, 352 vessels of 609.120 tons gross were under construction in the United Kingdom at the close of the quarter ending June 30. Of these vessels, 260, measuring 515,791 tons, are steam, and 92, measur- ing 93,329 tons are sail. The present figures are less than those for the previous quarter by about 12,000 tons. This decrease occurs entirely in the steam tonnage, the sailing tonnage having slightly risen. , ee