The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-10-18

outside lots who were compelled TO lquidate
during the stnngency, ARE now about all shaken
out. Among the sellers generally, the pig iron
situation at Detroit seems 90 be regarded with
sangune expectation for large continued bust.
ness az fair figures anyway, and many think ad-
vances will bee seen ia the immediate future.
| Notwithstanding this hopeful feeling. there Ger.
tainly may be seen weak spots, particularly in
southern iron where the deliveries suit the fur
naces. These offerings have caused considerable
uncertainty IN the minds OF many buyers. who
are accordingly putting OFF purchasing, where
the lowest prices are not granted. This applies
20 the smaller buyers. however, 60 "A greater
extent than 10 the larger ones. Some movement
OF Lake Superior charcoal shows full prices are
obtained and on certain favorite brands nd.
vances have been made. The situation Is decid.
eddy hopeful for this grade OF metal. ManufRc-
tured iron Is IN large demand bar iron being "a
scarce an article as any on the list The Louis
Vile market continues duh with rather small
amount OF inquiries; consumers are pushing
furnaces hard for shipments on old orders. while
the furnaces have TO contend with "A short car
supply which hampers them somewhat. but
shipments continue heavy and stocks continue
20 decrease. Some orders are found 10 be din.
cult to obtain, and on all grades furnaces are
holding steadily 10 current quotations Now
that the tariff question Is settled II Is believed
by many that IN the face OF the enormous con-
sumption we will see higher prices during the
winter The week just closed has shown "A
greater buying movement In the Chicago market
than for considerable time back. Several large
blocks OF southern ear wheel iron have been
placed There has also been considerable activ.
ity I'm northern aud southern coke irons "A mum
Der OF good sized orders having been booked.
Buyers who have been holding on for the past
ninty days are now many OF them coming into
the market. ~ their supplies are running short,
and IL Is generally recognized that lower prices
than those now ruling are not likely TO prevail.
There II but little demand at present for Lake
Superior charcoals though inquiries are more
active In this department silveries and soft
irons continue 10 be called for in moderate
amounts. The heavy consumption isstil going
on without any abatement. but "a serious draw
back is the extreme scarcity Of ears which is de-
laying shipments IN every direction. There Is
practically no change ia the st. Louis market
since last week consumption. purchases and
inquiries continuing on about the same scale. at
unchanged figures. Available stocks IN tho
south. for early shipments. are not large and
and they would be smaller II the ear supply
were better. The same cause Is seriously dimin-
ishng coke shipments, with no prospect OF early
Improvement The past week shows no impor-
tant change in the situation at Pittsburgh.
certainly no change for the better IN pig iron
The pressure 10 sell outside brands at conces.
sions has weakened the tone Of the general mar
ket, aud although standard brands are held nj
unchanged prices, consumers are holding of in
expectation OF some reduction. The same ten
dency toward weakness in prices heretofore
noted, together with light buying. has continued