The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-07-19
/: THE WEEK ~ IRON CIRCLES.
GENERAL FEArrnEs or THE TRApE-lRoN
oRE-pIG lBON.


GENERAL FEArrnFs or THE TRAnE-rRoN
oRE-PIG lRoN.
The Cleveland Iron Trade. Reviews
resume ~ the week In iron circles: Cen
cral features American iron manufac-
tuners viii be interested in learning that
the English iron markets are picking up.
Our Manchester correspondents. 5. W.
Royce x CO.. write under date OF June
o. There IL much healthier tone in
the pig iron markets. and there are good
reasons for believing IN the probability
Of a further Improvement shortly. Prices
at Glasgow aud Middlcsbrough have im-
proved To "A moderate extent during the
month-about Is. Cd 10 Is. per ton-and
the tone az both markets Is decidedly
more cheerful Shipments from Middles-
brough are very heavy, and the stocks
in the public stores have steadily de-
creased. Makers have hltterly been sell
Ing freely, and are very firm IN thel
quotations, the inquiry for forward de-
livery being very good Curhome mar
kets are rather dull at present., owing to
the extremely hot weather The past
week has not shown ANY large degree OF
activity in the Chicago iron market, but
~ fair demand exists in the way OF inqni-
ries and orders 81 moderate size. Lake
Superior charcoal brands continue firm.
Ohio softencrs and silveries have been
sold in iair-sized quantities. Southern
irons have not sold heavily, az these fur
naces are firm in their views while con
sumers are asking for concessions. Old
wheels continue scarce and are In good
demand. The condition al dulncss in
the Pittsburgh market noted in our last
report still continues, but rs this X only
natural at this season OF the year. II has
had no effect ON prices. Furnaces are as
a rule sold ahead and are awaiting re-
newnl OF activity after stock taking has
been completed. Noting u practically
unchanged market, our Detroit cores
pondents, w. II. jarvis 4 Co., write: 1t
IL to he observed, however, that while
most OF the coke iurnacemen in thcsouth,
aud also for that matter in Ohio and vi.
entity, evince very conservative and
firm feeling, weak spots may be seen IN
more places than "A week ago; more lots
are offered for quick delivery at slight re
auctions, but even these lots are not
sought FOR by our buyers, most OF the
large consumers being well supplied.
Jackson county Ohio silveries have
been in some demand, and prices on these
I brands have advanced fifty cents per
ton. Lake Superior charcoal figures
have not altered "a penny, though tran
sactions have been quite large. Tie
/ Michigan and Wisconsin furnaces ARE now
well sold up as rule, and while most OF
/ the largest buyers, both in the car wheel
and malleable trade, have placed their
season orders, considerable iron must
still be bought. Except on Lake SUPERB
or charcoal we think the marketable
only fairly firm" Inquiry for future de
livery nonat Louisville continues heavy
aud there have been some special sales
made nc figures above themarket. TheIt
does not seem TO be any disposition on
the part OF many furnaces to sell nc all
and there has been looked for a genera
strike at the furnaces, but u scale q
prices, we learn, has been agreed upon
and this question is practically settled
though there have been some furnaces
shut down ON account Of labor troubles
and repairs and ithas, of course, reduced
stocks; and rs furnaces have booked
some months ahead they seem indifferent
about selling at all just now. There is 4
very firm and confident feeling OF a fur
ther advance in the near future, and arr
holding firm ia their ideas as 60 prices
II il felt that toward the close OF th,
month when the mills have made the
necessary repairs and are in the market
nm excellent Llll trade will begin. Thl
abnormally hot weather at 81. Louis
combined with the holiday season. hat
temporarily lessened the consumption O
iron, whilst foundrymen show no dcsir
90 make further purchases. Philadelphia
reports Indicate that there lisa good dca
~ inquiry for material 81 various kinds
for which holders quote ON small lots 10
: the full rates recently ruling. There Is
disposition TO defer quoting on large lot
for the time being, as there Is n ieelinl
that iithc market opens amy way active
prices ought 20 stiiien. For the remain
der Of the month, mills are pretty wei