The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-09-20
THE WEEK IN IRON CIRCLES.
GENERAL FEATURES OF THE TRADE-moN
oRE-PIG IRON.

GENERAL FEATURES OF THE TRADE--IRoN
oRE-PIG IRON.
The Cleveland Iron Trade Reviews
resume Of the week in iron circles.-tien-
eral Features.-Foreign iron markets
nre just now Of considerable interest, in
view OF pending tariff changes. The
Welsh tinplate makers are reported to
be in % state OF great excitement, as the
result Of u sudden rush FOR their product
by American consumers, In anticipation
OF the passage OF the Mckinley bill. Re
garding the general iron market. our
correspondents, =. w. Royse * Co., OF
Manchester, England, write under date
Of August 30: "An all-around improve
ment il To be noted in this branch.
Prices OF pigiron have steadily advanced
at Glasgow and Middlesbrough, and the
total increase during the month being
some 3s Cd. TO Is. per ton, and n con-
tinuance OF the rise is expected. Stocks
in Connals stores at Middlesbrough
have decreased during the month, though
shipments are reported to be not so
large as In last month or in August last
year, but from Glasgow they are salts
factory. In all branches OF the finished
iron tr,tde more activity il noticeable"
Domestic markets generally maintain
their status quo, az will be seen by the
following reports: A moderate amount
Of business has been booked at Chicago
during the past week, several good sized
sales OF southern charcoal iron have been
made; car load orders, however, con-
tinue TO be the prominent feature 81 the
market. On certain grades of southern
iron some further cutting of prices have
been reported for early deliveries, which
is explained by the desire Of some fur
nnces 20 further reduce stocks ON hand.
For long scattered deliveries all az the
southern companies are very firm. Sill
very irons continue in good demand and
the outlook for general fall trade IL good.
The Cincinnati market for pig iron has
continued fairly active. prices have been
well preserved, but In few instances,
where furnaces have accumulated special
grades, producers have granted some
concessions, either in price or delivery.
Confidence has continued To be a promi-
nent feature OF the market, entertained
by both buyers and sellers. The Tonnage
on back orders is heavy, but some i'm
proyement IN noted i'm making of deliv-
cries previously reported. A better
inquiry il experienced for softeners, and
there II n moderate but steady move
ment In charcoal brands. Toward the
close of the week some large orders
relieved the southern furnaces 81 any
accumulation which might have taken
place and n stronger feeling has resulted.
Orders for finished iron continues heavy
and the melting of pig metal is almost
unprecedented. During the past lew
DAYS at Buffalo there has been quite u
noticeable increase in inquiries from con-
sumers who from actual requirements
are forced into the market for their fall
supply of pig iron. As the present nc
knowledged policy 81 buyers h 10 delay
purchasing until compelled to do so from
necessity there il reason 20 expect more
activity in the future; especially M
stocks In the foundry yards are being
rapidly reduced. There Is little change
TO note ia the pig iron stun tion at
Louisville since our last report, The
market continues quiet, though there "
n slight improvement in the amount Of
iron being sold and inquiries are fair.