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MARINE REVIEW. 7 : Record of Speed and Big Cargoes. [Masters or owners are invited to report improvement on this list.| Iron ore: Lake Michigan—Maryland, Inter-Ocean ‘Transportation Company, of Milwaukee, 3,322 gross, or 3,737 net tons from Escanaba. Lake Superior—E. C. Pope, Dry Dock Navigation Company, of Detroit, 2,718 gross, or 3,074 net tons from Ashland, light draft. _ Grain: W. H. Gilcher, J. C. Gilchrist, of Cleveland, 114,982 bushels of corn, Chicago to Buffalo; America, M. M. Drake, of Buffalo, 111,507 bushels of-corn, Chicago to Buffalo. : Speed: Owego, Union Line, of Buffalo, Buffalo to Chicago, 889 miles, 54 hours and 16 minutes, 16.4 miles an hours; Saranac, Lehigh Valley Line, of Buffalo, Buffalo to Lime-Kilns, 240 miles, 15 hours and 10 minutes, 16 miles an hour. Iron Mining. VALUE OF LEADING STOCKS. Quoted by Chas. H. Potter & Co., No. 104 Superior St. Stocks. Par Value. Bid. Asked Cleveland-Cliffs Iron Company.............. $100 00 Picci. $ 80 00 Champion Iron Company.........c..cesceeceees Be OOS eo canvenees 87 50 ROMBHGUET PEON! WOMAN Ys (occas skesdecceses cece 25 00 37 00 39 00 Chicago and Minnesota Ore Company..... 100 00 ———assesene 100 00 PBCKSON ATOM COMPANY <ciess occ seecsceiaciees... 25 00 go 00 100 00 Lake Superior Iron Company................ 25 00 52 50 55 00 Minnesota Iron Company.........ccsecseceesees 100 00 69 00 71 00 Pittsburg Lake Angeline Iron Co.......... D5 OOK oF sceun ens 140 00 Repuplic Tron Company.........c...cesesscess 25 00 29 50 30 50 NSE CES S555 5 SSG SI ene ang Sarees eG ence Coe ao Ra 52 50 On July 16, 1889, just a year ago, the Lake Superior mines had shipped 3,440,432 gross tons of ore and it is absolutely cer- tain that these figures represent a movement full 2,000,000 tons greater than the output so far this season. The shipments from Ashland and ‘Two Harbors to the oth inst. aggreaté only 560,897 tons, and it is known that the decrease from Marquette and Es- canaba, as compared with last season, is correspondingly greater than that from the head of Lake Superior. Even from Two Harbors, where shipments have been more active than at any other port, the movement still shows a decrease of more than “70,000 tons as compared with last season. The output of the mines this season is given only in the case of those shipping from Ashland and Two Harbors and is as follows to July 9: Ashland shipments. Gross tons. Reco ep irks seactece tae oceesacncss ens oes 19,405 SUPE T GFE SS S535 or asa ania sarlgasans pad eee Ree 10,754 ReNPMRNI TIN pores ces eeub ccs e os tec ts isscescesessncrsocsn esse 1,768 INE TAOS loose oes seve iesshens sy osu sacvessversitenueces sess 83,623 NCTE TEMS SS SONS tay oat nd aite DOO aay SOMA Ty errs Bere eer ae 83,867 CERES Bei OF (Omang Sr is aS BE RR Ss ein RN i os 32,664 Na eee ener re facet seuss dasncpespetepssdsisones sone 4,537 ROANOA gr ecctcsessepceteerwcpaseeretessereescetessesceeccyacrsens0s 39,973 PO roa okey er sec ceecasceneonsccncssersoses? 384 RORY LAG o6d 5c csecoseres-corscetnoevaners sveee Es ideniavies 10,556 PANN ERIN eee tee ee coe tinvos sccicte ests c> vauees sagceeh«seene's ose 52,610 AULOLTA...-cccccsovcncnce recesses cenncserscesoesenescseweorsees ees 20,149 NAAR sero seec osc coe se rece ssee=secacerersecers «akaese: 9,000 MO soo gon cg seh ov scascsussoccersosecss esse 1,506 Wliara teal SOUCH NOU ecscicescsctdacectencsetneccesessons 8,615 PANGS ook 020. o ss serps on careaesonesspi se tanepercaerss+rss 4,319 Section 33, BESSCMICT......s.ssccerreccorerescrercveorensees 8,235 MENA TES SEIDEL sie Sabbaphoeenessascn’ 326,975 Two Harbors shipments. Gross tons. OVUGNNRCE OPH Go cce5escccicscncschestsesscceestersn+rececssesesse 126,670 OW BAO i 5 os, das cceas co nrccecatsceecesnrancssedaedecesenees ose 107,252 SISAL oo cela ech cscac= sui apasanstanirensnaareterceanees 233,922 The Ludington mine had shipped 46,815 gross tons from Gladstone July 9. Mining stocks are still dull and there is little of interest to report with regard to them. Prices of shares are higher in some cases, but buyers and sellers are apart in their views. Dividends - are expected from several of the companies having surplus money but no new ones are announced. Ashland, a stock just added to the list has paid $5.00 on this year’s sales and gives promise of $5.00 more. It is expected that Lake Angeline, which paid $1.50 a share last month, will make another dividend the present month. Champion and other companies have money but they are slow in dividing it. The Diamond Drill says that at present about 300 tons of ore per day is being taken from the Mastodom mine of the Cry- stal. Falls district. Another 5,000 ton lot of ore has been sold, which makes the sales for this year 35,000; all of this will be taken direct from the mine, and the stock pile of 15,000 tons will be held until more ore is disposed of. The bulk of mining is on the 300-foot level and above, there being a lot of ore in sight. Capt. Henry Roberts isin charge of the mine for the lessee, Capt C. T. Roberts, while E. S. Roberts looks after sales inter- ests of the company. The Dunn mine, one of the Schlesingers, is shipping 1,000 tons of ore a day and could increase the output to 1,400 tons if the supply of cars was more liberal. Shipments so far this sea- son amount to about 60,000 tons. Ina long drift to the north a good deposit of ore was found last week. A new shaft will probably be sunk in the foot wall, from which a cross-cut will be run tothe new find. Two other drifts are under way and give promise of profitable returns. The East Jackson mine, a property on which considerable work has been done of late, gives promise of producing a fair quantity of ore this season. Ore was struck about ten days ago and, although quite mixed on the edge, the driftis nowin 15 feet of soft ore that will yield high iniron. Its thickness is not known but the drift seems to be coursing diagonally. It is the same ore revealed by the diamond drill some time ago, and the drift will be continued through it to the hard ore known to lie from 50 to 75 feet farther south. The Pioneer mine of the Vermillion range shipped 12,000 tons of ore last season and it was thought this property, as well as the Zenith, another new mine of this district, would produce considerable ore this season. The market has been against them, however, and nothing has been heard of them in the shipping list but development work has been carried on and, now that there is improvement in the situation, the Pioneer is about to begin shipments and the Zenith may also present a surprise in the way of a creditable output for 1891. The Buffalo group of mines, Schlesinger syndicate, have shipped 150,000 tons of ore so far this season and are probably being operated more fully than any of the other Marquette range mines. Development work is keeping pace with production, six drills being employed exclusively in that line. Supt. Cole says that the openings are now three years ahead of actual mining operations. It is said that the Lee Peck mine, Menominee range, is soon to be worked on a large scale by Messrs. King and Wilson, and a plant of machinery has been set up preparatory to the opera- tions. The property is known to contain a large vein of ore. Capt. E. Florada, late of the Dunn mine, is superintendant. Working forces are being increased in a number of the Go- gebic mines. At Section Thirty-three about fitty additional men were given employment last week and shipments are being made from the company’s stock pile. The stock piles of the Ashland company are also being moved quite rapidly. The Monitor mine, a Crystal Falls property which shipped but about 26.000 tons last season is expected to produce 75,000 tons this year. About 15,000 tons has been forwarded so far and shipments are being made at the rate of 500 tons a day. Supt. J. N. Porter of Stambaugh has resigned the general management of the Florence-Iron River Company’s properties. He takes the superintendency of the Briar Hill Iron and Coal Company’s gold and silver mines in Colorado. The property on which the Commonwealth Iron Company recently found ore in paying quantities will be known as the Badger mine in honor of the state. The Hughes Steam Pump Company, Cleveland, lately put in an immense pump in an iron mine at Iron Mountain, Mich., of 2,000,000 gallons capacity, style compound condensing 24 inch high pressure, 40 inch low pressure, 12 inch outside pack plunger; 18 inch stroke, using air pump and condenser ; weight 24 tons. This pump is raising water 500 feet through a 12 inch pipe and giving unquestioned satisfaction. -