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i i ; Sahelian RE ila nebe delectable sium ihsicirmishsisicy ae MARINE REVIEW. Some Sales of Iron Ore. There are at last a few features of interest in the market for iron ore and some indications that the work of making contracts for next season’s carrying trade is not far off. It is admitted in the office of E. C. Pope, who represents the Norrie mine, that that mine has sold some ore for next season’s delivery, and Oglebay, Norton & Co., sales agents who represent the Ash- land, Colby and other pig properties, and who will handle probably 2,000,000 tons of ore this season, are also eunderstood to have made sales. The ore dealers report prices about $1 a ton below figures obtained on the same grades at the opening of the market last year. The extent of the sales is not known, but itis not thought to be large and other concerns express no anxiety on account of the transactions. ‘The ore sold is of a high quality. The Norrie ore has been disposed of in past sea- sons at prices slightly below those secured on the very best of the Lake Superior product. ‘The sales are not with the Illinois Steel Company, however, nor with Carnegie. Prominent ore men still hold that these two leading customers in the Lake Superior ore market are still willing that the situation may be- come more demoralized and are waiting for bottom, Carnegie having a plentiful ore supply and enough coke to run his fur- “naces for sixty days to come. The ore dealers talk of dollar freight from Ashland but there is, of course, no rush on the part of vessel owners to accept such a figure. The situation as regards the entire iron industry is far more encouraging than it was two weeks ago, and if contracts are to be made at $1 from the head of Lake - Superior the amount of tonnage tied up at that figure will be very light. Only the larger class of vessels could possibly make _any money on such a basis for ore freights. Coal shippers are seeking tonnage to load immediately, at ' Cleveland and Toledo especially, for Duluth and Milwaukee. - Fifty cents is offered to Lake Superior and 55 @ 60 cents to - Lake Michigan, but few boats have been secured on account of _ the expense that would attend the moving of them so early. The object with the coal shippers is to have coal ready for ship- “ment before May 1, when labor trouble among the miners is expected. Loading of coal, as well as any move toward an -" opening at this time will certainly act to the disadvantage of the vessel interests. It is evident that the tendency now in the - general situation is toward improvement over the gloomy out- look of the past several weeks when there was nothing whatever upon which calculations might be based. If men are kept away from the boats and circumstances permit of a late opening of navigation, it would seem now, more than ever, that the result . will be to the advantage of the owners of floating property. No Hull Tariff as Yet. The lake underwriter who met in Buffalo last Friday took no action regarding a hull tariff. They adjourned to meet in Chicago later but it is not thought that there will be any change of importance in the tariff of last season. There was some in- formal talk of what might be expected from the representatives of the English Lloyds who secured some of the best risks on the lakes during the past two seasons by cutting rates,but the opinion generally expressed was that delay in settling the losses which the foreigners sustained, together with other disadvantages in dealing with English offices and English courts in cases of dis- pute, would act against an increase in this sort of competition. The main object of the gathering was to arrange for the further ' publication of the vessel register. It had been understood that the western agents were dissatisfied with the register as made up at Buffalo, and thata strong effort would be made to remove the headquarters to Chicago. Secretary Sillstated, after the meeting, that the effort made in that direction was not so strong as that of last year, and that it was decided to continue the publication at Buffalo as heretofore. Capt. Daniel McLeod was re-appointed chief inspector and manager of the register. All the interested companies being agreeable, a committee was named to apportion the expenses of the work among them. Officers were elected as follows: O.’T. Flint, Buffalo, president; David Vance, Milwau- kee, vice-president; H. S. Sill, Buffalo, secretary and treasurer; C. A. Macdonald, C. W. Elphicke, Chicago; F. L. Vance, Mil- waukee; Eugene Harbeck, Detroit; Townsend Davis, H. S. Sill, Buffalo, executive committee. All of the companies engaged in lake business were repre- sented at the meeting. The representatives were: A. H. Mac- donald, Detroit Fire and Marine Insurance Company; Eugene Harbeck, Michigan Fire and Marine, Detroit; F. lL. Vance, Com- mercial Union Milwaukee; C. W. Elphicke, London, Chicago; R. E. Rispin, Union Marine, Chicago; G. L. McCurdy, North America, Chicago; J. S. Gadsden, Etna, Chicago; O. T. Flint, Greenwich, Buffalo; Townsend Davis, Western Assurance Ex- change, Security, Standard and British and Foreign, Buffalo; C. A. MacDonald, Marine, Sea, Mannheim and Reliance, Chicago; H. S. Sill, St. Paul, Buffalo; C A. Macdonald, of Crosby & Mc- Donald, Chicago _It isstated that Mr. P. H. Fleming, who has just returned from Europe, succeeded in getting the general western agencies for the Union Marine, of Liverpool, the Sax- ony, of Saxony, the Transatlantic, of Berlin and the General, of Dresden. Messrs. Gadsden and Elphicke, of Chicago, stopped off at Cleveland on their way home from the meeting. Mr. Gadsden, who now represents the Etna on the lakes, is old in the service of that reliable company having been connected with its fire in- surance business at Chicago for a number of years. A Modern Atlantic Steamship. In a supplement accompanying this issue the MARINE RE- VIEW presents a photo-engraving of a modern Atlantic steamship, for which we are indebted to the American Shipbuilder, of New. York. ‘The boat is the El Sol, of the Morgan line, built by Wil- liam Cramp & Son,of Philadelphia,under the direction ot Horace See, marine architect, of No. 1 Broadway, New York. Her di- mensions are: Length between.stem and after side of propeller post, 380 feet; breadth of beam, molded, 48 feet; depth from top of upper deck beams to top of keel, at lowest part of sheer, 33 cA feet; length over all 405 feet; gross tonnage 4,500. The hull and deck houses are of iron and she has four pole masts; also of iron. The engines are of the vertical triple expansion type with three cranks, and cylinders 32, 52 and 84 inches diameter by 54 inches stroke of piston. Steam of 160 pounds pressure is supplied by three double-ended cylindrical, internally fired steel boilers, with eighteen furnaces fired fore and aft from two fire rooms. - Changes in Mine Representatives. Mr. J. H. Dalliba has disposed of his interest in the firm of Dalliba, Corrigan & Co., and Mr. H. P. Lillibridge, who has been associated with the Schlesinger syndicate, joins Mr. Cor- rigan and the other members of the firm in the ore business. Mr. Dalliba will still look after some of the sales business of the concern in connection with other interests. The figures at which the Schlesinger railway, of Michigan, together with eleven shares above a control in Chapin mine were sold, is reported, approximately, at $2,000,000. The Schlesinger syndicate paid $2,000,000 for the Chapin mine out- right when it was purchased some time ago, Through the deal Mr. Schlesinger’s interest in the three mines of the Florence & Iron River Company was disposed of to the minority, but he re- tains the four Negaunee mines—Queen, Prince of Wales, Buffalo and South Buffalo—as well as the Dunn and other mines which had nothing to do with the negotiations following his recent em- barassment. There is no doubt that the purchase of the Schles- _ inger railway is in the interest of the Chicago & Northwestern but some doubt is still expressed with regard to the Vanderbilts controlling the mine as the negotiations were carried on through New York brokers, : ee