The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-02-15

The Cleveland Iron Trade Reviews
resume OF the week Ia iron circles General
Featurcs.-Iust which way the cat win jump,
within the next thirty days, Is hard 20 tel.
There is Il distinct lull both east and west, but
nobody can be found who VIII predict
that tins bodies 81 90 the general iron
market The mouse in this ease, Is supposed
20 represent the seller, who II being watched
with cat.like keenness for any advantage, In the
way ~ lower prices, that may be taken Of him.
There are some who affect 60 believe that pig
iron has gotten over the center ana TINT the
next movement VIII be n decline OF az least fifty
ceutr but this may be "a case OF the wish being
father OF the thought our reports from leading
trade centcrs ia the central west certainly con
tain no such Indications as VIII be seen below:
The situation of the general market In Detroit
+ In no way changed from the last report Of orr
correspondents, VIM. Y. Jarvis a Go. There
have been scarcely any operation however OF
any magnitude TO be sure, the car load trnde
aud a few orders for lots Of 100 70 300 tons OF
charcoal iron have been placed IN ruling figures,
hut nothing has occurred in any way TO disturb
or change the state 81 the market last re
ported. n n generally thought by makers Of
pie metal that the present lnll will be but tenn
lorary matter. and that Il VIII Doe succeeded BY
/, strong market which win hold for che balance
- the year, respecting the course OF Lake su.
t4rior charcoal this seems more than probable.
owing 20 Go "a scarcity Of stocks IN both makers
aud consumer hnnds. The northern coke iron
makers seem 60 feel that furnace coke will rule
higher after the meeting ~ Pittsburgh, ON the
10Th. which viii have the effect Of strengthening
their prices The iron market at Cincinnati still
presents the appearances of a stand-on between
sellers and buyers. and the business current ~
Tor small lots mainly. The feeling Is such that
small matters are magnihed 90 mean great
thlnas Speculative offerings. about which much
II said. are rally very light az a points west OF
Pittsburgh. and the Information r. that holdings
la second hands there are much reduced A
careful calculation shows that AL the iron held
in speculative or middle hands west Of The Ale.
ahaueys, woudnot supply current consumption
ln the same territory four days-probnbig not
TWO DAYS. Warrant iron figures but little in the
west. though nn occasional lot Is pressed for
sale nt under price Conservative men see
nothing ln the The situation looking 90 % reese
tfnn. but believe that iron is being consumed az
last ~ Il Is made. aud when this aPalu begins
go appear. thcro win he another active market
and strong proes Leading southern makers
stAi hold nrm and are confident eood m-
quiry ior small lots Of ironcgntiuuesat Chicago.
aud IT, j. noticed that deliveries are generally
wanted quicker than FURNACES can make them.
la TACT. the Inability ofiufuaccsto keep np with
stated deliveries oncontraets hakcaused trouble
Ia many eases buyers stlll hold OF expecting
lower prices. and many 81 them are ia position
sa hold out a good whlie being vel stocked.
others nei,in must continue 60 buy freely for
astunl needs. rather better trade Il looked
f5r ln February, though most seller. have
little Co complain d Ia amount 81 business