The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-06-21

there were orders entered lower than to-
ward the middle and latter part. No ]
foundry sold at S12.3O, No. 2 foundry
as high as SIP 10, grey forge $lO.75,
while we learn of a 3.OOO-ton sale OF grey
forge at $1,000; all Of the foregoing
figures are on the furnace basis. Our
correspondents have advices from one OF
their furnace connections, naming prices
on No. / and No foundry of Sl3 and
$3.50 respectively, cash at furnace.
The future seems bright, and IA the mar
ket has started upward, il will IN all
probability 90 up several dollars higher,
II an appearances are true. Consumers
in Chicago and the northwest, which isat
oh times closely debated market, have
been slow 60 believe the reports from
other quarters Of iirmer and advancing
prices. Last week, however, removed
all doubts ON this head. There has been
a general disposition to take hold Most
OF the larger inquiries have been Tor long
forward deliveries, which many furnaces
have positively declined TO take unless
at considerably better figures. Buyers,
however, have been able for the most
part TO get what they wanted Lake
Superior charcoal iron y i'm active de-
maud, and is firm in tone, butno advance
il noted Ohio softners are wanted free
/ ~, but in small lots mainly. Old mater
ial rules higher. The most noticeable
feature in the Detroit pig iron market FOR
! the past week was the activity of Lake
Superior charcoal iron. Very large tran
sactions were closed. we learn from VIM.
+. Jarvis q Co.. and these have been fol
lowed by still larger inquiries, and there
can be very little doubt but that a
large hole in the visible supply OF
Lake Superior will bc noted 10y the
next monthly report OF stocks on hand.
Prices have remained about normal, no
concessions have been granted that our
correspondents have heard OF, and while
the market may be said to be firm, no
advances can bc noted. Buying is free
for small quantities, the larger buyers
/ having covered some time since. The
same condition Of affairs exists respect
/ ing northern made grades. AT ST. Louis
/ the market for southern coke irons is
strong with an upward tendency. Ohio
soiteners are quiet ut unchanged values
aud the same may be said Of car wheel
I brands. Prices at Buffalo are n shade
/ nrmer than they have been, with fairly
active business in progress. decided
advance IN southern coke iron and ad-
vauces in steel and steel products have
been great relief TO northern manuiac-
turers, who are holding iirmer. without
having made any advances, however.
During the week past the marketat Pitts
burgh has been active on all grades OF
pig iron, and prices have advanced fully
twenty-five Co fifty cents per ton.-Iron
ore.-The situation begins Co look a trille
more favorable, and during the week
there has been sold quite respectable
quantity 81 ore, nearly all 81 Bessemer
grade, and including quite a block OF Me-
nominee ore. The opinion of the trade
J - lhiAl btlVft Wi lbiik blti' VII IiN' W
be some purchases made by furnace men
who did not supply themselves last fall,
or else quite u few stacks will go out of
blast by July / The warm weather
seems 90 have facilitated ore shipments,
aud the receipts are correspondingly
| larger. Charters are rather dull M 90
I ore, but coal rates are stiff and will be
higher. Pig iron. There il considera-
ble activity in the charcoal line, as this is
/ tho season when the makers 81 malleabIe'
| iron generally place their orders. The
cash price in Cleveland il S20.5O. BESSIE
mcr iron is stronger and in large demand.
sales aggregating some 10000 tons being
reported from the alnhoning Valley atan
average price Of $3.50, cash, at the fur
mace. Mill iron Is also in considerable
demand and is selling freely, but foundry
iron Is quiet and sluggish, very little bus
mess being reported in that quarter.
The furnaces as rule seem 90 Doe comfot-
ably supplied with orders, for which
reason very little concession may be oh
! tanned by conHuners, while there h mo-
special anxiety by the makers To find "A
market. About SIT 90 IL the furnace
! ufIcp for "A prlfna ol.1do al laundry it.tn