. The Cuba review. . THE NEW PRODUCE EXCHANGE BUILDING IN HAVANA, NOW IN COURSE OF CONSTRUCTION, BY PURDY & HENDERSON. Another Important Iron Ore Deposit in Cuba. Charles M. Schwab announced April 7, after the annual meeting of the stock- holders of the Bethlehem Steel Company, that a novel and important iron ore deposit in Cuba had been acquired by the Bethle- hem Company. Mr. Schwab considers this the most im- portant discovery in iron ore deposits made within twenty years. The ore beds, which he inspected and acquired during his re- cent visit to Cuba, are located near Santi- , Santiago
. The Cuba review. . THE NEW PRODUCE EXCHANGE BUILDING IN HAVANA, NOW IN COURSE OF CONSTRUCTION, BY PURDY & HENDERSON. Another Important Iron Ore Deposit in Cuba. Charles M. Schwab announced April 7, after the annual meeting of the stock- holders of the Bethlehem Steel Company, that a novel and important iron ore deposit in Cuba had been acquired by the Bethle- hem Company. Mr. Schwab considers this the most im- portant discovery in iron ore deposits made within twenty years. The ore beds, which he inspected and acquired during his re- cent visit to Cuba, are located near Santi- , Santiago. ago, and engineers have measured up 75,- 000,000 tons. The peculiarity of the new- ly discovered ore lies in the fact that it contains two per cent, nickel and one per cent, chromium. The tract measures about 875 acres, and is distant some twelve miles east of San- tiago. It is believed that the Bethlehem Steel Company hold possession on a fifty- year lease with privilege of renewal, and that the owner receives a royalty of 10^ % per ton on the minimum output. The sketch hereiwith indicates the locality of the new Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original Munson Steamship Line. New York : Munson Steamship Line
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