Great Lakes Art Database

Marine Review (Cleveland, OH), 30 Jan 1896, p. 6

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

6 | MARINE REVIEW. = Lake Freight Matters. There is not now any more indication of sales of ore for 1896 than there was two months ago, and it is quite generally agreed that nothing will be done until after March 1. Among ore men of Cleveland now out of the city or who are preparing to leave on trips to Cuba, Florida, the Bermudas and other places are the following: Col. James Pickands, H. G. Dalton of Pickands, Mather & Co., W. D. Rees of the Lake Superior and Republic iron companies, L. B. Miller and A. B. Conkey of Oglebay, Norton & Co., F. C. Smith who is with E. C. Pope, Capt. Thomas Wilson and others. This departure from the city on vacations of men most interested in the ore business certainly does not indicate prospects of an immediate settlement of business for next year. ~ Within the past few days reference has been made to the charter of the Josephine, Thomas L. Parker, and possibly one or two other boats controlled by Chicago owners, to move some ore next season from the head of Lake Superior at $1.10. This is not a new transaction. It was understood some two months dr more ago that these vessels were en- gaged by Pickands, Mather & Co. of Cleveland at the rate named, but it was also understood that special conditions, very probably light draft of water at the point of delivery, attended the charter. Lake coal shippers have as yet done little towards next season's business, and there is no talk among them about the contracts that are usually made on soft coal. The mining question is generally settled and it is understood, of course, that prices of soft coal will be somewhat higher than they were a year ago, mainly on account of increased labor © costs. The contract of the Grand Trunk Railway Co. does not bring up the question of lake freights, as this coal has been moved in the past al- most eutirely by rail, but this contract is always interesting as it is among the first to be let. Charles M. Hays, general manager of the Grand Trunk, has issued a circular asking for bids. The requirements and places of delivery are as follows: Portland, 30,000 tons, gross; Chaudiere Junction, 12,000 tons, gross; Montreal, in company's coal yard, 70,000 tons; Montreal, at company's workshops, 10,000 tons; Montreal, 20,000 tons; Brockville, 36,000 tons, net; Detroit, D. & M. slip, 25,000 tons, net ; Detroit, Grand Trunk tracks, 35,000 tons; Suspension bridge, Inter- national bridge or Port Dover, 430,000 tons, net. _ A year ago charters of vessels to arrive at Duluth for wheat to be taken to Buffalo were made at rates as low as 23g cents. Charters have been made during the past week at 3} cents, which is equal to $1.21, but at this writing 3 cents is all that is offered. In all about 2,000,000 bushels of wheat has been covered at Duluth to be taken by vessels to arrive after the opening of navigation. : : | Around the Lakes. Capt Brittain of Saugatuck, Mich., will build a small wooden tug for the Muskegon Boom Co. _Capt. J. H. Killeran is now associated in business with Captains Alex Clark and J. B. Hall of Buffalo. Capt. David Vance of Milwaukee will leave New York Saturday on his usual winter trip to England. ~~ J,. P. and J. A. Smith of Cleveland will build two steel scows, the dimensions of which are 150 by 30 by 12 feet. United States Marshal Winney of Detroit has sold the wrecked steamer Britannic to Henry McMorran of Port Huron for $5,800. Anyone knowing the address of W. E. Rice, formerly mate on a lake steamer, will confer a favor by sending the same to MARINE REVIEW __ Thos. J. W. Quirk, who was very well known among lake engineers, died at his home in Cleveland, Sunday. He was sixty-three years of age. David Bell, ship builder of Buffalo, has an order from Geo. Moon of the same place for a steel yacht 75 feet in length. The vessel is intended for Niagara river service and will be of very light draft. -Nau Bros. of Green Bay, Wis., have laid the keel for a tug to take the place of the Charnley, which they sold to Chicago parties. The new | boat will be large and powerful and will be suited to wrecking work. Captains Wm. Cumming, A. J. Greenley, Geo. Mallory, Henry Stone and James Stone, all representing mining and vessel-owning companies of Cleveland, will next week accompany the mayor and other citizens of Ashtabula on a trip to Washington in the interest of the proposed break- water at that point. _ Mr, Sinclair Stuart of the United States Standard Register of Ship- ping, New York, Capt. F. D. Herriman of the Bureau Veritas and John Haug of Philadelphia, are all engaged in overseeing, for insurance class- ification purposes, the work of constructing the Rockefeller ships in dif- ferent lake yards. Ts R. Harvey of Harvey's Marine Bureau, Sault Ste. Marie, announces that the private telephone line between Sault Ste. Marie and Detour is to be greatly improved before the opening of navigation, Difficulties in the service between Detour and the Sault have occurred mainly on the --_ short line through a swamp between Gatesville and Detour. This stroll of line, which is about ten miles long, will be abandoned and a new linge suited to telegraph and telephone, will be erected on a new country Toad, According to articles of association filed at Lansing, Mich , by the Detroit River Bridge Co., the cost of the proposed bridge across ai Detroit river is $4,000,000, Capital stock of the company is half that amount and the incorporators are the Michigan Central Railroaq Co, which owns 19.930 shares of the stock ; Chauncey M. Depew, Cornelins Vanderbilt, C. F. Cox of New York, and Henry M. Campbell, Henry 3. Ledyard, Ashley Pond and Henry Russell of Detroit, each subscribing for ten shares. Chief-of-Engineers Craighill of the war department announces that since the death of Major Post another engineer officer has been selecteq to succeed the late Gen. Poe, but his name will not be given out until spring. Gen. Craighill says the new man isengaged on important work elsewhere, and will not be at liberty to-go to 'Detroit for six weeks o, more. As it is impossible to do any out door work at present on the works which Gen. Poe had in charge, and as the services of his succeggo; are not required immediately, it is thought best to not make his name public as yet. =e Stocks of Grain at Lake Ports. The following table, prepared from reports of the Chicago board of trade, shows the stocks of wheat and corn in store at the principal points of accumulation on the lakes on Jan. 25, 1896: Wheat, bushels. Corn, bushels, CHICAGO......cccessersreeevees petisssteiseccoel 0, GOU,000 3,568,000 Dili theceecsessceeseressecccsenccecsncccesasss 9,174,000 54,000 Milwaukee. ......cccccseccscccscescscsooes « 429,000 1,000 DetrOit...ccccsoccccorccsesccarscaraseveccececss 324,000 29,000 - Toledo....... E eeeesecon uses'. Pe neeaene tt ete 813,000 472,000 Buffalo......... eeeede scr ccscseaees pete ese se 2,738,000 108,000 Total....... Rae cnenetnostens Geemeoeaense 34,458,000 4,230,200 As compared with a week ago, the above figures show at the several points named an increase of 12,000 bushels of wheat and 1,483,000 bushels of corn. On Jan. 25, there was afloat at Chicago 1,618,000 bushels of corn and 227,000 bushels of oats; at Buffalo, 259,000 bushels of wheat, 223,000 bushels of oats and 304,000 bushels of barley; at Duluth, 512,000 bushels of wheat; and at Milwaukee 176,000 bushels of wheat and 120,000 bushels of oats, Law Suit a Weapon, (From the. New York Tribune). The Magnolia Metal Company, No. 74 Courtlandt street, has had to defend itself against several peculiar attacks by rival corporations, which have wanted to get control of its patents, and the latest attack is in the form of an attachment, which has been served in advance of the trial of a suit for $35,000. Charles B. and Edward C. Miller organized the com- pany eight years ago, and the corporation is incorporated under the laws of West Virginia. As the company manufactures the finest grades of metal used in journal bearings, its patents are of great value and several capitalists have vainly tried to get control of them. Recently a dis- charged employe in Chicago made a claim against the company for $7,000, and the claim was assigned to James Shanks of this city, who brought a suit. The company settled the claim for $1 and caused the arrest of Shanks for alleged perjury in the proceedings. Now an attachment has been issued against the company in a suit brought by a man named Law- ler, as the assignee of a claim of $35,000 made by an English construction company. As Lawler is a New-Yorker and brings the suit against a foreign company having an office in this city, he has been able to get the attach- ment before the trial of the suit. Although the suit is for $35,000, he has been obliged to give a bond for only $1,000, and ex-I)ock Com- missioner Phelan is on the bond. Charles B, and Edward C. Miller said last evening that the English construction company, which had made the claim for $35,000, really owed them about $80,000, and they would be able to show that by the contract if the suit of the assignee could ever be brought to trial. The suit was an American suit, they declared, and had been brought in order to secure the attachment as a club to compel them to sell their patents cheaply. They declared that they would dispose of the suit in short order and show the animus of it when the case could be brought to trial. Instead of being liable to a judgment, they said, they had made about 4 million of dollars in the manufacture of magnolia metal and only lately passed $150,000 of the company's surplus to the capital account. 3 oe The Magnolia Metal Co. of New York has given bond for $36,000 11 this matter, and has brought suit for $100,000 against the parties who instigated these attachment proceedings for money actually due from them to the Magnolia Metal Co. and for attempted damage by the at- tachment proceedings. A beautiful prospectus is being sent around to friends of this company offering stock with a 10 per cent. guaranteed dividend payable semi-annually.

Powered by / Alimenté par VITA Toolkit
Privacy Policy