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 acquisition. 



PROPERTIES OF THE BETHLEHEM STEEL IN CUBA. 

 The sections marked with a * are tlieir newly acquired lands. The group on the right are the 

 holdings of the Spanish-American Iron Co. The shaded sections in each group represent prop- 

 erties still in the market. 



