Steel Trust Investing Millions

Iron Mountain, Mich., Oct. 23. - At a cost of several million dollars, the Oliver Mining company, subsidiary to the steel trust, has under way the most extensive series of "deadwork" operations ever carried on in the mining region. In preparing for the future it is sinking six great shafts, all of which will be put down to a considerable depth and be of large dimensions. One of these - the new Chapin shaft here- will be the largest bore ever made in the region. Its dimensions inside timbers will be 10.5x23 feet. At the Norrie mine, at Ironwood, a shaft is being sunk to a depth of 2,000 feet; a third, at the Savoy, will be 1,500 feet deep.