The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-06-28
THE WEEK IN IRON CIRCLES.


GENERAL FEATURES or THE TRADE--IRoS
oRE--Pio IRON.
The Cleveland Iron Trade Reviews
resume " the week In iron circles: Gem
eral featues.--Tho monthly statement
'oi the condition of the blast furnaces Tor
,Iune LIST shows an increase of six stacks
in the active list. The steel rail market
is not in particularly encouraging con-
siitivn, though some sales ofconsiderable
sire have recently taken place. Thecoke
trade shows AN improved condition,
shipments having materially increased
during the week. What Is doing in cen
trial western markets II indicated In the
reports summarized below: As predict
ed sby eur Detroit correspondents. Vim.
AZ. Jn~sis e. CO., from the unusually large
'inquiry for lake Superior charcoal iron
sv,llich they noted ia thcir report 81 last
week, the transactions in the aggregate
Tor this grade OF metal were probably
larger than in ANY previous week in the
history Of the trade. Nearly every buy
er 81 Lake Superior charcoal iron was ON
the alert and desiIious TO close Tor as
large a supply as can be delivered TO
them during the present season. II
would he difficult To say what the ton
mage amounted To, but il Is way up in
the tens 81 thousands Of tons. Notwith-
standing AL this, there is still left unsat-
isiied number Of inquiries for consider
s,ble amounts. IL docs not seem possi-
hle that the market can fail TO appreciate
the stimulus that this buying must give.
Prices remain firm, but no advances
have yet been made. The months Of
June aud July are now about the only
large buying season for Lake Superior
charcoal iron. although IL course there
- steady trade during the entire year.
but the large boyers. requiring iron Ia be
carried by lake. are Obliged to make their
contracfs early, to Doe certain OF getting
the quaatity they want prior to the close
of navieatitn. There was considerable
inquiry for Southern and Jackson eoun-
ty siiveues, ia small lots, which resulted
IN some trade. but OF no great fnagni-
tude. The market seems iirmere each day,
and the outlook more hopeful. Activity
ia all kinds oi iron continues an Chicago
and the northwest. The tonnage OF pig
iron orders booked the past two weeks
has seldom been exceeded for am equal
period. TIE demand has been principal
~ for Lake Superior charcoal, the local
irons aud southern irons. In view 81
heavy orders placed. and more In sight, IL
l. little surprising that prices have not
shown greater tirmness. Southern coke
brands are up fifty 90 seventy-tive cents
f,erton enJ firmly held. bat on other cl,sss
AZ irons ths leading buyers have been
able Ca sspply their wants on very hsv-
oralse terms. Considerable car wheel
and msliesh<e iroa hes been sold. Ohio
sotteners ere sn steady request. Old rails
and wheels ar higher. The ioundries are
al busy and the Keeling u generally hope
liul. The recent advance 81 fifty cents ON
southern iron, and the relative scarcity
90 certain grades for early deliveries.
have 60 some extent checked the buying
movement at ST. Louis: but consumpr
tion continues active, and prospects ars
gnod for continued strons market.
Cincinnati reports quiet week. Neven
theless a good amount 81 business vas
rounded up. The mslieabls concerns,
car wheel works aud agricultural imple-
meut works have been the heaviest pur.
chasers. charcoal irons have therefore
been more prominent feature than be-
FORE. Lanr lots ~ Lake superior char.
coal irop sc9 bought for maIIsable pur.