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Show lafail i i i i ii ii mmm, IKON IN MINNESOTA. Additional Woheo Doing Dovel-opod Dovel-opod Evory Dny. Inimenae Qnantltlea of Or Cuntitlned In th Varlooa Mlnea Moro Than I Enongh to Supply the Whole World. Tho development of Minnesota's Iron rnuRcs nro not by any means rom-plctedi rom-plctedi they are contlnultiff daily, uml zenith that was not dreamed of n rear or lest ago Is now laid bore for the ham-cr ham-cr of the nssnyer and tbo ton mias-urcment. mias-urcment. of (he buyer unci the miner. As nn Instnnec of this Is the development develop-ment made during the past few months in tho northern part of township S7-17, und the Hotithcaat quarter of town 8-17. Dlscovcrlcsnremaileatulstlll continuing con-tinuing In the northern tier of nccllons' of town S7-17, especially In feet Ion 6, where nine acre tinctH hate been shown to be well-nigh emercdwlth ore. ml where there has been proved lull-1 lull-1 lions of tons. This ore body, w itlt that of the Adams, Vega and Tnynl mines, with which It Is believed lo be connected, connect-ed, la one of the largest on the range, and six months ago Its existence, except ex-cept to far as the mines named wpro concerned, was Kcarcely conjectured. Among the holders of Mesnba ore the hake Superior Consolidated Irou mine is far ahead in quantity of ore held, much of It, being, however, under min ctal leasu to other operators, and more ot It being held by the Consolidated under lease from the original holders Owing to some circumstances connected connect-ed with the formation of the compnn.x by Mr. Iloekefcller's associates Itahold Ings were obtained at small expense, and owing to the same clrcnm'tnnces it is dlirtcult to separate the cost of the mines from that of the road, which fell into Mr. noelcefeller's haudi at the came. time. It la safe to nevimo Hint $1,500,000 paid for all the so-called Mer-rltt Mer-rltt properties thnt went Into the Consolidated Con-solidated company, together with ail costs connected with their admission into tho company, Including some subsequent settlements. These properties, prop-erties, some of which nro hnso and somo fee, ore believed by the most con-flervalhe con-flervalhe lo contain 70,000,000 tons of ore of various grades. In addition t these the company has the Adams mine, the Lake Superior, the f)ne Jack nnd thoMcKlnleynnd thellouchc-leau-Itay to under optio. These will have cost, when the option is taken up, about $2,500,000, nnd contain not less than 05,000,000 tons of ore. Tho Lnke Superior leases nro figured as eotcrlng nt least 10,000,000 tons, and the Adams Icntc Is put nt n very conservative figure, fig-ure, far below what the owners nro willing to concede. There Is here nr, Irou holding of not far from lf.0,000,000 tons, all obtained at a round cost of $ I.00O.CC0. The Minnesota Iron company has nbout 40,000,000 tons In sight nt ths Mesnba mines, nnd for them it has paid almost $1,000,000 Some of the largest are leaecs. In addition to their own mines, tho company has n tonnage contract con-tract with the Vega, which Is regarded ns one of .tho most Important mines of the rnnge, with, perhaps, 10,000,000 tons In sight. The Kouchclrnu-Ilay company still holds not far from 30.000,000 tons, of which nbout two-thirds Is fee. The Snuntry exploration is estimated nt not far from 15,000,000 tons. Tho Fowler explorations, the Security Land holdings, mostly under option, to tho Minncsotn Iron company; tho Franklin group, the Ohio nnd some smaller properties, contain at least 30,-00O.0OU 30,-00O.0OU tons. There remain the vast holdings of the Wright and Davis syndicate syn-dicate on the wtcetcru part of the rnngs on which arc several mines and an enormous nmount of pnrtlnlly explored lands. A report made on theso holdings hold-ings for tho Minnesota Iron company a j ear ago, nnd on which tho latter company based nn offer for the entire tract, showed them to contain ore call-mated call-mated nt nbout 00,000,000 tons. Tho Minnesota Iron company paid nbout $,000,ooo for the- Chnrlemngne Tower interests on tho Vermilion range, including the Duluth nnd lion llnnge. Nobody outside the officers of-ficers of the company, nnd probably not they themselves, know the ore holdings hold-ings in tho undeveloped lands they own, though tho mines at pit-wot worked have been pretty well punctured punc-tured h.v tho diamond drill, nnd for l.ooo feet down nro ns well understood ns If they were sliced bare. Vast us theso holdings are, they sink into In significance, m far hh tho total go, compared to tho Incomprehensible quantities on the sister range. Two I other compnnlcB nre mining the Vermilion, Ver-milion, but such Ii the present Inuc- tlvlty on this range that It would not be surprising if there were hnlf n dozen new concerns nt work there shortly, and twice thnt number of mines sent-terd sent-terd fiom Tower toward the Internn-tloual Internn-tloual boundary. Minneapolis Journal Jour-nal -i.5w "rt'v " .-. |