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Fig. 70, measuring on the same num- bered buttock lines from the perpen- dicular line E G D for the knuckle set line. On the sheer plan, Fig. 69, the Jine D G is hinged from D on to E D, as shown by G G, and the lines shown perpendicular from Fig. 70 and num- bered 2-2, 4-4, 6-6, 8-8, 10-10, 12-12, TAE MarRINE REVIEW HILL ORE LANDS SOLD. Papers completing the transactions for the transfer of the Great Northern ore lands to the United States Steel Corpo- ration were signed Oct. 5 in the offices of J. P. Morgan & Co. in New York, Judge E. H. Gary, James J, Hill, J: P. Morgan and a number of attorneys took part in the conference which concluded gh/ Lé/ 96/ _9b/ pbl 14-14 and 16-16 represent the distance from the line C.D G to where the knuckle is intersected and numbered. The same process is gone through for the deck set line, which is erected at Cas shown by © H These' set lines in the half breadth plan can be obtained by measuring along the line DF, The steamer Joseph Sellwood, of the Mitchell fleet, ran on the east bank of the Lime Kiln crossing on Tuesday, sinking across the channel and blocking about two-thirds of it. At the same time that the accident occurred the an- chor of the steamer Sahara scraped the Sellwood amidships and a few plates will have to come off, Fre bb, the transactions. After the signatures had been duly affixed, Judge Gary gave. out the following statement: "After long negotiations, a contract has been signed for the acquisition on a royalty basis of the Hill ore proper- ties (so-called) by companies controlled by the United States Steel Corporation. The quantity of ore has not been accu- rately determined, but it is a large body. The price to 'be paid is $1.65 per ton de- livered at the upper lake docks, * with an increase of 3.4 cents per ton each succeeding year. The minimum agreed to be mined is 750,000 tons for the year 1907, and increases by 750,000 tons per year until it reaches 8,250,000 tons, and thereafter it continues. on' that 'basis, The lease is perpetual until the ore 'is exhausted. It is believed the consum- - "piece de resistance," 25 mation of this agreement: will result in great benefit to both parties." The price named in the statement in- cludes the cost of transportation to the docks on the upper lakes, and: the terms of the lease guarantee to the Great Nor- thern railroad the ore traffic from. the mines, At present the carrying charges to the ports is 80 cent per ton, which leaves 85 cents for royalty on thé ore mined. The Steel Corporation will have the added expense of mining, but this is expected to be low and to ensure a small cost per ton as compared with the present price of ore at the Duluth docks. AMOUNT OF THE DEPOSITS. The amount of ore in the Hill prop- erties has been variously estimated. Mr. Hill himself has stated his belief to be that the properties do not contain less than 400,000,000 tons or more than 500,- 000,000 tons, but officials of the Steel Corporation are understood to estimate . -tife deposits at about 300,000,000 tons, and this view coincides with that of other ore experts. If this assumption is correct, about 41 years will. be required to exhaust the deposits, provided only the minimum amount required by the contract is' mined, and the production of the mines would then be as follows: For the first ten years: WOO7 ae Bee Meee P5000 FOON Gee eee eG a 1,500,000 TOO i ee 2,250,000 TONG ft iwi) a 3,000,000 FOU ye aa 3,750,000 1GIGd Aisi e 4,500,000 POUd, i ee, 5,250,000 IGlge ote ee 6,000,000 ETOCS UR era ie ae 6,750,000 ROMS sds epee eee . 7,500,000 'Total 6 ee 41,250,000 \) 31. years at 8200ca..4 7, c.,.- 255,750,000 Total aheer oy ee 297,000,000 Up to the present time there has been no mining done at these properties, ex- cept the Leonard, which has produced as follows: 21008 Be 10,591 tons TOOA 2500s eee es ieee 6 151,952 tons $005 6 as ae 297,01I tons Total oe 450,554 tons It is understood that the' Longyear properties owned by Messrs. Hill and Longyear jointly are included, as are also some properties of the Northern Pacific railroad. Capt. Claud Ennes, master of the steamer B. F. Jones, recently celebrated his thirty-fifth birthday anniversary while coming down Lake Superior from Duluth to Lake Erie. In honor of the occasion a seventeen-course dinner was served with a birthday cake on which thirty-five candles were burning as the Thomas Heffron, one of the well known marine stewards, was chef for the occasion.