The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-07-12
THE WEEK IN IRON CIRCLES.
GENERAL FEATURES OF THE TRADE-IRoN
ORE-PIG IRON.

GENERAL FEATURES OF THE TRADE-IRoN
oRE-PIG IRON.
The Cleveland Iron Trade Reviews
resume of the week in iron circles: Cen
eral features. generally favora-
bile crop prospect, an increased activity
in railroad building, and a very heavy
demand forstructural materials, the sec
ond half Of the year opens out auspici-
ously for general business, and the iron
trade especially. Naturally we look Tor
lull in the pig iron market during the
extreme hot weather, but these cessa-
tions will be but temporary, since the
causes affecting the business are in them
selves temporary. Added TO the shutting
down OF rolling mills, ON account OF the
heat, is the advent of the stock-taking
season, which will, OF course, affect bust
ness 20 certain extent, but with the re-
turn OF more moderate weather and the
conclusion of the always unpleasant task
~ inventoring, we look for an immediate
rebound. This experience IL common to
this season Of the year. Comparisons
show, however, that orders are running
considerable in excess 81 the same period
of last year and consumption IN nearly
all lines is heavier now than il was then.
Nearly all southern furnaces are heavily
sold and cannot take large additional
orders for several months TO come.
Much difficulty is experienced in making
shipments ON contracts ia consequence
of scarcity of labor at furnaces. Leading
companies report that they have never
experienced SO much trouble before IN
this direction. Reports from the south
indicate that some trouble may bcexper-
fenced among the worlmen, but il is gem
orally anticipated that this will be
avoided, and that the employees recog-
nize that the furnaces are notin position.
owing to the lowness OF the market, 10
pay any advances, and will accept this
statement Of the condition OF affairs ms
true. II a strike should take place, with
the heavy consumption going ON, ironIor
prompt shipment will undoubtedly adj
vance. Indications during the last day
or two from the east of "A better market,
which was not true during the first part
OF the week, is having the additional
effect OF strengthening the views OF those
considering the present market n strong
one. There ARE about fourteen furnace
stacks south out Of blast which will, OF
course, reduce the output, and will nat
urally have tendency To give the mar
ket an upward movement Six hundred
tons grey forge sold mt Louisville the
present week Mt $1475 cash. which Is no
doubt the highest price obtained yet.
We learn Of GOO tons No. / soft selling
in ST. Louis at $l5, while No. 2 soft and
No. 3 foundry were sold on the basis Of
$685. cash in Louisville, though sales
are reported M having been made in that
mnrket Of grey forge mt $i3.25 and Sl3.-
80. No. 2 foundry was sold mt Sl4.25.
Prices at Cincinnati are firmly held and
IL is expected that July will show more
than usual activity. w. +. Jarvis x Go.
report for Detroit: "While there have
been no important changes In the mar
kct since our last report, the ilrmness ON
the part az the sellers is particularly no.
ticcable. Noconccssions are being granted
Tor any grades OF metal, possibly expect
ing what may bc termed Job lots from
the south, for quick delivery. The large
transactions in Lake Superior charcoal
which we have mentioned during the
whole Of June, were not continued, al