The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-06-14
THE WEEK IN IRON CIRCLES.
GENERAL FEATURES or 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: Gen
eral ieatnres-The May ! statement OF
the steel rail pool shows sales ior the first
five months OF 1890 OF 1,02O,O23 gross
tons, and the deliveries $4,000 tons.
This is az the rate OF S25.O 900 tons Tor
the first half year, as against 612, SOB
for the similar period OF last year. This
indicates very healthy state ~ the
steel rail trade. The annual meeting OF
the iron and steel workers is in session az
Pittsburgh as we write, with the results
yet TO be determined. The English iron
market continues IN depressed condi-
tiun. Our correspondents, 5. w Royce
d Co., Manchester, write under date OF
May "a "While Scotch pig iron stands
at about the same level AS at the begin
ming OF the month, Middlesbrough war
rants have fallen about IS. cd. per ton,
aud ARE now at about IL. per ton less
than Scotch. The makers In the Middes-
brough district, who have been holding
off in the strong feeling that the reduced
prices could not last, are now coming
forward and meeting the market, and un-
der circumstances the present position is
not good one. There il not much BUSH
ness doing, and what there IL is only for
the present delivery" The situation in
the central west is outlined below: Ac-
tivity at low prices has been the ruling
feature i'm Cincinnati fursome weeks past
IL is even more pronounced as the pres
cnt week closes. Every seller oisouthern
iron has had all the business he could
take care OF and a great deal has been
refused at full current prices. Furnaces
hesitate Co formally advance prices until
they are sure the position can be main
tanned all summer. IL looks, however,
az though that point would be reached
curly in June, as nearly all the producers
are full of orders for from one TO four
months ahead Of make. The inquiry for
charcoal irons and Ohio softeners is also
better. Prices are firm all along the line,
and the tendency toward an advance il
pronounced VIM. +. Jarvis & Co., De
troit, report that nearly every grade OF
pig iron continues 20 show increased
firmness. Az was anticipated last week,
there were a number Of large sales 81
Lake Superior charcoal, aggrgating sew
ernl Thousand tons, but Notwithstanding
this, there is still left unsatisfed to-day
a. larger inquiry than at any time during
they Prices are firm and concessions
will not bc made 10y the furnace.men.
The same conditions may also be said Co
apply Go southern foundry and forge
irons, although the volumn Of business
was not as large, only foundry grades
being needed All sellers are sangunne oI
a continued better market. Tie market
at Louisville Is showing u firm tone and
buyers are purchasing freely for long
delivery. Furnaces have continued TO
sell at figures current recently, and
among the leading furnaces there has
been nu advance IN prices; the tendency,
however, Is toward slight increase, and
Il il thought this will be realized shortly.
one or two furnaces who have been vir-
tunlly out 81 the market Tor the last