The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1890-07-26
THE WEEK IN IRON CIRCLES.
GENERAL FEATURES or THE TBADE-IRoN
oRE--pIG lRON.

oRE--PIG IRON.
The Cleveland Iron Trade Reviews
resume 81 the week in iron circles.--Gen-
rral features. The condition OF the coke
trade Is generally Indicative OF the course
Of the iron business. Just now, ship
ments from the Connellsville region are
rapidly falling off and production shows
but slight Improvement. The period Of
midsummer dizziness is just getting under
WHY and no Immediate noticeable inn
proveneut can be expected. The promise
OF "A large trade when the present period
isuver is bright. Furnaces mall sections
Of the country are preparing for the fall
run, and large orders for fuel will soon
be placed There is nothing gloomy in
the situation and it's condition may be
fttingly described as healthy hut innc-
tive. Southern furnaces and rolling mills
have Just now 10 contend with the triple
annoyance OF very hot weather, scarcity
of labor and railroad troubles. They
have never before experienced so much
difficulty In securing labor. As soon ns
the mills that have been shut down owing
TO the heat aud for making repairs, are
ready 90 start up, there will be renewed
activity. Some goo, sales were made in
Louisville during the past week. but the
iron WAS for the east. where the buying
was more active ON account Of their de-
lay in entering the market, owing To the
unsettled condition Of the hbor troubles
The amount 81 iron being offered is not
large, ns many furnaces ia the south are
shut down. owing TO trouble with work
men in some instances and lack of ore or
coke in others. Mary consumers think
that the passage of the silver bill will be
an active factor in strengthening the
market in August. Southern furnaces
claim 20 be comfortably booked with or
ders and the trade well supplied, and
from this view their positions are about
balanced, though there are rnmors cur
rent oI some concessions being made in
both coke and charcoal irons 10 affect
sales The usual midsummer dnllness il
noted in all branches of the iron trade at
Cincinnati. This has emphasized also
the extreme hent which has compelled
partial stoppagc OF the mills and found
res, and the labor troubles which have
been a disturbing element in many local.
tiles. The freight handlers strike mt Gin
cinnnti has caused much Inconvenience
tn mnny consumers by interruption Of
traffic la pig iron north. There are few
transactions Of importance 60 note
Tie general outlonls continues hopeful.
and II il the feeling Of both consumers
and producers that the later months OF
the ycnrwill Witness broad. healthy trad
ing and probably improving prices. The
week at Chicago has shown about the
usual amount 81 midsummer buying. in.
quirics and orders being for the most
part Of moderate size and for nearby
deliveries. Lake Superior irons remain
stationary and furnaces making these
brands are firm az Co changes in price.
This being the season ofhke navigation.
heavy shipments ARE going forward to
apply ON contracts already hooked.
There il no change IN the position Of
southern irons in Chicago, these furnaces
being firm and not disposed tomake con-
ccrsions. On the other hand consumers
are buying insmall lots only, In the belief
that lower prices will shortly prevail.