The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-08-09

| change In the situation at the furnaces
has been for the better, reports showing
n less rapid accumulation OF stocks in
the furnace yards in the north, and n
small but actual decrease In the south.
There has been fair movement in Ohio
softeners and IA better demand for char
coal irons Of both northern and southern
production. Car wheel grades have been
held very firmly without special activity
Lake Superior brands have found wider
distribution. The Louisville market in
practically unchanged since our last re-
port. as buying continues light and the
larger buyers seem to be entirely out OF
the market. The furnaces, on the other
hand, do not seem willing to make con-
cessions To force sales, and the majority
Of them are not offering iron for longer
delivery than from three to five months
in the future. The demand seems TO be
somewhat better for the soft and silvery
grades than il il for the standard foun-
dry irons. Although the stocks are in
creasing somewhat, furnaces seem better
satisfied To carry them at the furnace
than push them on the market mt n con-
cession. good many Of the leading
southern furnace stacks are out az blast
and probably will not be blown in for
one To three months to come. This will
in n measure keep the stocks down and,
IL in thought, that IL an active buying
movement should come up il would take
very little time TO clear the yards OF the
southern furnaces al what stock they
have accumulated. That consumption
Of all grades at Detroit continues large il
~ not denied, but that this means an
active market does not follow. The ma
jority OF consumers are we'll provided for
the Immediate future. but ON the other
hand nearly ali furnacemen have their
order-books well filed up and ARE trying
To push sales. The current orders ARE
accepted MT full figures. and general
feeling that higher rather than lower fig
ures will be obtained later un this year.
Some few small sslles are reported from
St Louis mt less than schedule figures.
but IL is unlikely that any concessions
could he obtained ON round lots, IA
most southern furnaces ARE sufficiently
well sold ahead TO render them Indifferent
about pressing sales. Consumers are
very busy and M the hot Gather disap-
pears AN active buying movement may
be expected. The ply iron market at
Pittsburgh IL still inactive and sales are
light, but the past week has brought
with IL somewhat livelier inquiry and
an improved feeling. Though nothing 81
especial significance has transpired To
iul feeling for heavy business during the
fall has taken a stronger hold With
great unanimity OF opinion Consumers
report AN encouraging outlook. The
impression seems to be that the present
low prices will be maintained. The coke
trilde continues to show evidences of in I
creasing activity and its condition is
such that the operators are more than |
pleased Six days week IL the custom
AIRY run nowadays. practically seven
Fights 81 all the ovens i'm the region are
i'm blast; shipments are increasing. NIL 81
which presents "A condition 81 trade sell /
dom, II ever, witnessed mt this season oil |
the year.---Iron ore.-There IL 80 very |
little To report in the way of news, con-
corning the ore market, that no change
may he reported To have taken place
during the entire month. The situation |
remains unchanged, both ~ regards the |
small amount 81 standard ores unsold |
aud the firm position maintained by |
the dealers, who entertain no idea of re- |
ceedng from their price, fixed earlier in |
the season, to induce the furnace in
terests To cover any possible wants. |
The receipts al ore at lower lake ports /
have not been 80 heavy, these two weeks,
as they were during the fore part 81 July, |
but this result IN undoubtedly due To the |
lack 81 storage facilities herenbouts. and |
not TO any decrease in the mining opera |
tions In the Lake Superior country. |
Nevertheless, the gain in ore shipments,
this year, over the corresponding period |
during 1889, already exceeds six hundred
thousand tons, and II this rate Of gain
IN maintained, the total shipments for
the season will just about BE- level with |
the opinion heretofore expressed In there
c,,lutuua giving th,. nrpho bla lake shin 1
ment- for 1890 M Z 500, 900 tons.--Pig !
iron. market N In peculiarly |
unsettled and unratisf';e.sry condition,
which is partly accounted for by the alb |
scnce from the business centers of "A good
many people whose transactions in n
measure Indicate the drift 81 things. part |
" by the uncertainties al the immediate
future ms regards the price 81 the raw
ma terial~ entering into the manufacture
al pig iron, and partly by the lack oftone
or confidence. snperinduced 10y weak |
prices held out. here and there. by smaller
furnaces who must realize, iIi order To
meet their ore pay ments, and who, while !