The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-08-02
The HOLSTER mine will have a
spur track in couple of weeks.
1t has been ready for it for some
time.
THE WEEK IN IRON CIRCLES.
GENERAL FEATURES OF THE TRADITION
ORE-PIG IRON.


oRE-pIG IRON.
The Cleveland Iron Trade Reviews
resume oi the week in iron circles.-Gen-
eral fentures.--W there be nm over pro-
duction OF pig iron i'm the last six months
OF 1890? This il "A question OF decided
moment, and for its answer attention IL
naturally directed To the southern fur
naces. Without going into "A discussion
OF the subject, we desire to point simply
to the labor and fuel question, which
have assumed highly annoying, II not
serious, phase in the south. as indicating
that there will not be "a too general blow
ing i'm al furnaces IN that section. Pro-
duction will no doubt be increased some
what, but within narrow limits. and we
do not look for anything like n glut I'm
the general pig iron market. The largest
stock al pig iron ever in hand at blast
furnaces in the history OF the country
was ON June 30. 1889, when the surplus
amounted To 536. 2S6 net tons. From
that time il began To decline until, i'm
November, IL had been reduced TO 1873
900 tons. Then began agradual Increase
until the present time, the LIST of July
showing 3SO,74i tons ON hand. In addi-
tion To the quantity OF pig iron held by
the makers or their agents on June 30,
1890, 63 300 gross tons were stored IN
warrant yards on that day, which, added
to the 33S 900 gross tons i'm first hands,
makes "a total OF 403, 400 gross tons Of
unsold pig iron, which Is less than three
week + supply at the present rate of con
sumption In this country. Classified
according to the fuel used i'm the manu-
fncture OF pig iron, the quantity held IN
| first hands ON June 30 was divided AS
/ follows: Anthracite and coke pig iron,
/ N ~
coal pigiron, 49, 3l tons; charcoal pig
iron, 90, 100 tons. From our correspon-
dents we summarize the situation in the
central west as follows: While there
| have been one or two deals of some mag
nitude for southern iron az Detroit, and
also some inquiries for Lake Superior
charcoal. the general market has been
compnratively duh. The break up Of
| the long strike az the carpenters in De-
/ troit, will promote general building oper-
atiOns and cause the buying al consider
able material in this line in the very near
/ future. Added 20 this the cessation OF
| buying. which has continued SO long, will
/ soon bring some al the small users into
the market, and il is safe to predict that
more business will be reported from now
ON than has been done for the past three
or four weeks. The firmest feature Of the
market is Lake Superior charcoal, while
| Southern and BeSscmer seems Co have
arrived at rock bottom, and remains
there with very lew fluctuations. Al
/ though "a somewhat easy tone has pre-
vailed in the Cincinnati market for pig
/ iron during the past week, with the eX-
ception of few special brands, prices
have been sustained. There has been n
fair degree OF activity. The large south
ern companies contipue very indepen-
dent, being full oi orders for several
months TO come. but at the same time
there are other producers less advan-
tageously situated, or less fortunate in
procuring orders, who have been willing
To sell. and, i'm few instances, nstute
buyers have obtained bargains. But, as
a rule, the lower prices made have been
speculative lots, which have been pressed
for sale. Prices az Chicago has been well
sustained during the week ON both north
ern and southern brands, with the eXcef'-
tion ON the latter Of some concessions in
the wax AZ prices made 10y certain south
ern furnaces pressed Tor orders. No
change of price has taken place in Lake
Superior charcOals and several orders OF
good size have been placed during the
past week. Odd car wheels ARE scarce
and In good demand. 1t Is thought at
Louisville that very little business will
he done before the first ~ August, when
the starting up OF MILLS that have been
shut down on account al the hot wea tn
err, stock-taking and making repairs, will,
il il believed, havea tendency to increase
the movement oi iron. The prospect for
the TALL trade. is therefore, very satisfac-
tory. Southern furnaces are not turning
out as much iron ils usual, "a good many
of them remaining out oil blast. The
general situation oI the Buffalo market
continues ensy and dull. Some large or
ders have been placed for deliveries dur
ing the balance 81 the year. but ~ a rule
buyers are very indifferent and are chiefly
occupied in hurrying forward shipments
ON old contracts. Pig iron consumers