The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-10-11

the assembling. this week I'm New York az the
international convention OF ironmastcrs from
Great Britain and the continent The gathering
was not less noteworthy for It's size than for the
individual distinction of ITS members. During
the next few weeks the visitors viii be given
peep OF the great industries OF the west aud
south. aud IL u not too much 90 say that
they will depart with new and exalted
ideas 81 our resources Already IL n reported
that several large manufacturers 81 tnplate
have Joined the party for the purpose 81 exploit
ing this country with IA view TO assisting la the
establishment OF that industry Ia the United
states now that the Mckinley tariff bill has
become "a law. The various trade centers OF the
central west show undated signs OF prosperity,
though "a temporary iull IN pig iron sales \
noted In some quarters. This Is particularly
true OF Cincinnati where the Strngency IN
money has exercised It's influence ON the market
IA spots since last report. Some lots Of
iron have been pressed FOR sale for immediate
delivery aud cash, and prices realized were
about twenty-five cents per ton under the un-
derstood minimum of the market. Aside from
this furnaces have held firmly, and at the close
of the week large transactions took place az reg.
ular prices. The largest southern producer has
sold this month more than twice the product OF
Is furnaces, ana report that they viii have az
they can do between now ANA Christmas 10 MI
their orders. Stocks Of iron are smaller and
ores and coke are less aud dearer IN the south
In the Mahoning Valley a good deal OF iron n
being carried because its high cost viii not adj
init Of selling ON the present market An
attempt IL being made 60 get reduction on
COnnelsviile coke. but 80 far without success.
az ever and see no signs as yet 81 Stacking ia
demand The heavy consumption Of iron, which
has been the prominent feature Of the Chicago
market for number OF weeks back. still con
tinues many concerns being Obliged 60 decline
further business on account OF inability to com
plete within periods specified The amount OF
iron now being melted Is heavier than at any
previous time, aud indications all point 20 n
continuance OF activity Ia tins direction. There
Is u strong disposition on the part Of certa In
furnaces which have been cutting prices 20 now
mir Irak "A he IA = "A In Ia
way OF early deliveries. The Pittsburgh market
continues very good indeed for manufactured
iron, and very unsatisfactory for pig iron
Transactions are light aud some concessions
have been offered by outside brands seeking 20
effect sales IN that market but regular standard
irons are firm az the exceedingly low prices now
ruling Considerable activity has developed
during the last week AZ Detroit. aud several
deals for Lake Superior charcoal have been
closed amounting In the aggregate 10 several
thousand tons. Prices on outside brands that
are not well known have been made below what
regular irons are commanding There n quite
AN active demand for Jackson county silveries.
aud furnaces are behind Ia their shipments
Southern irons have also been called for quite
freely and number Of orders booked In
quiries are being received for almost y classes
Of metal, and In nearly every instance prompt
delivery IL wanted. Owing TO the great demand
Tor cars 20 move the cotton and other crops
there Is dearth 81 cars for other purposes and
southern furnaces are complaining very consid-
erahly. Some furnaces have been compelled 10
bank owing 20 lack Of fpel. Prices are somewhat
steadrr. M keeping with the views OF Southern
furnaces. Consumption continues 20 be cnorm*
Gus in all branches. aud Ia some lines manuitct-
urcrs are refusing new business. Buying at
Buffalo Is considerably heavier. but does not
seem 20 result IN an advance In values. Many
consumers are taking advantage OF the extreme
ly low prices 20 partially cover their present
contracts 40 the event OF "A rise. ---lron ore
There is no market. and since there rs nothing
TO SELL there is no occasion Tor any activity on
the part Of either producers or sales agents
The only thing that's concerning the trade-and
that la indirect mnnner-is the lack OF activity
In shipping circles. In consequences of which a
quantity of ore yet TO come down IN "A puzzel to