The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-05-24

GENERAL FEATURES or THE TRADE-fRo>
oRE-PiG IRON.

oRE-PIG IRON.
The Cleveland Iron Trade Reviews
resume OF the week in iron circles Gen
eral ieatures-The pig iron market is at
present Indicative oi the general iron sit
uation in the central west. At Chicin-
natl, il continues active at low prices.
Buyers do not hesitate 90 provide freely
for their wants atprices that are current,
particularly in southern irons, and as
these requirements for legitimate con-
sumption are heavy. business is active.
The transportation lines north and
south are carrying more pig iron than
ever before at the corresponding time OF
the year. Northern prices have been
slowly settling toward an equality with
those that have for some time prevailed
for southern brands. Values are SO low
now, both north and south, rs TO cause
serious complaint among makers. II
there H. not an early and favorable rcac-
ton the output will soon begin To de-
crease. The furnace men continue TO keep
firm front and there's very little bust
ness in consequence. The market has been
rather quietat Louisville, with only a fair
amount OF trading. I he same Irregular
tiles exist that have prevailed for prices
on round lots, though hut few OF them
have materialized into purchases. Fur
naces differ as to their views ON the situ-
alton, and in some instances there is as
much az 81 per ton difference in their
prices Many Of the buyers, within the
last few weeks, have purchased for their
requirements for several months ahead,
and n number Of the furnaces, on the
other hand, have their order books com
fortably filed for sixty TO ninety days
and refuse orders for certain grades, yet
there are other ready sellers for certain
grades, and every inquiry is promptly
met, and some shading OF prices is being
INDUCED in. There lisa fair business going
of well distributed carload and hundred
ton orders. Inquiry still continues
strong, but the general tone OF the mar
ket is quiet VIM. +. Jarvis & co., De-
troit, tour correspondents) write "There
is no material change in the iron
market here since our last report.
About the usual amount OF small orders,
and a few ranging in amount from 200
To 900 tons have been placed. The larg-
en- orders have been mostly for special
brands andfor extended deliveries, while
the small ones have been for immediate
shipment. The report that several large
orders for cars have been placed may
have a tendency to strengthen the Lake
Superior charcoal market. Southern
coke irons are still weak and some Ma
honing Valley furnaces are inclined TO
hold their trade. and in so doing are
obliged TO make very low figures, but re-
fuse TO make anything but prompt ship
ment at these prices" There are a good
many buyers OF pig iron i'm the field at
Chicago, and the market has rather ac-
tive appearance. There il no important
change in values for either northern or
southern iron. Prices are firmly main
tanned at the low levels established i'm
April. Local furnaces are selling more
freely. The leading Lake Supsrior char
coal furnaces having heavy forward
sales refuse Co meet the decline in coke
irons. Indeed, most OF the Lake Superb
or producers have all they can do to take
care OF engagements already made for
iron. The local labor troubles which
seemed threatening for time have not
materially affected the market. The
foundries ali seem active and in the ag-
gregate are melting more than ever be-
fore. There has been no change in the
st. Louis market. Enquiries for late
shipments are not quite SO numerous,
but steady trade is maintained in
southern irons and Ohio soiteners, for
current and early requirements, at UNI
changed figures. Charcoal irons are
quiet, but prices are sustained.-=Iron
Ore.-While there is no record for the
week OF any sales, the ore unsold is held
firmly by the dealers and producers, at
the prices which governed last Novem-
ber's transactions. Furnaces, generally,
will be compelled TO look TO new ore for
their raw material about the middle OF
June, and the chances are that unless
mining operations In the Lake Superior
region are more theoretically carried ON,
there will not be enough ia the stock
piles 10 keep all the stacks in blast for
any length Of time. A careful canvass OF