The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-07-05

practically withdrawing from the mar
ket June will probably show the largest
dealing in Lake Superior charcoal al any
month in the history oi the trade. Coke
irons have not been SO much in demand,
but several furnaces i'm the Mahoning
Valley have withdrawn from the market,
as they have no iron they can deliver for
several months. Sales Of small lots have
been made at SO per ton advance over
lowest prices OF the year. Southern irons
are firmer at Detroit, and number Of
brands are asking fifty cents per ton
more, and are unwilling TO accept any
large orders even at the higher prices.
The market at Cincinnati closed the week
i'm good form all along the line with no
indication OF weakness anywhere. The
recent advance OF fifty cents per ton in
southern coke irons has been well main
tanned and sales on this basis, at first
lethargic, are now made readily One
large furnace company has instructed its
agents TO advance another fifty cents.
Whether this additional step upward
will be secure and hold, the coming week
will demonstrate. Southern coke fur
naces are SO literally sold up they feel
natural independence and disposition to
wait for business. Trade i'm charcoal
irons north and south the past fortnight
have probably been the largest tonnage
ever known in the same period, though
prices rule conservatively lower. The
advance in nails IL being sustained. The
general upliit in Bessemer pig, steel, slabs,
bloom and structural materials imparts
full confidence 10 "A strong pig iron mar
ket. The Louisville market continues
very firm, and there is no shading OF
prices reported from any quarter. While
the heavy buying noted during the past
few weeks does not exist TO the same ex-
tent there is a strong inquiry, and n
market in which the prospects are very
good continues to be shown. Reports
from southern furnaces show small stocks
on hand, and parties desiring To get iron
for prompt shipment ARE finding some
difficulty in doing So. Consumption for
very large Business 81 the week Mt Chi
cago aggregated very large tonnage.
There has been activity in every descrip-
ton OF iron. Southern coke irons and
lap q l.ns.
general excellence in mixture with our
own Lake Superior ore products, con
tinue to maintain their desirability and
have "A good share Of the business during
indications OF an advance in prices which
will certainly he realized II the consump-
ton continues ON the present large scale.
The market at st. Louis has been quiet
but strong, and at the close Of the week
there was less disposition tocut schedule
prices. II is becoming evident that the
consumptive demand il at lenst equal to
the present rate Of production, and no
midsummer low prices are to beexpected.
Charcoal iron has been in great demand
during the week ut Buffalo, with heavy
sales, but there still remain several large
consumers who have not yet covered.
In coke iron southern furnaces as n rule
are holding firmly to the recent fifty cent
advance, which, coupled with the scarcity
OF Southern iron, has given "A new impe-
tus To business among northern fur
naces. --Iron Ore.-The situation may
be summarized ns one Of expectancy.
Some little ore, TO be sure, IL changing
hands all the time, but the volume OF
business is 80 small as To merit mo- par
ticmlar mention. There il little doubt
that some of the larger furnaces concerns
need ore, and want IL badly, and there il
just as little doubt that the producers
agents are offering no Inducements To
would-be purchasers. The only question
mt stake IL Of one price. II the furnace
men who did not earlier In the season
supply themselves with ore can see their
way clear to cover their product for
some time ahead and nj profit. little
time will be lost In taking all the ore Of
Tered. This hypothesis, however, ~ n
hypothesis only. and as the immediate
outlook is not one that favors "A sub
stantial advance, the Indications point
to the blowing out Of stacks rather than