The diamond drill., 1891-11-21

e q: ass asFs s1.',' 'a sre. s scrsr drliS<sy
q fSe 10 OH" rstr essSry - svtlsIs ;'i!srai po
shsss 'Sn % casrps a' s oa iI%Is,ns se~ "a Hpr &C
NAY next Nothing of interest can ic reported
rcearsiin1 the Lake superior chsrro.is market
n ''a' nnmber1 Rcpnrt. are nude that several f,'r
nncek which have accumulated stocks ARE vii'lff
10 mako figures ot $la. 10 or even ~lB.on 'ni
ca1o No calm Il made that rgeu cc~f can ~
covered al these fgnn.~ but the companies ma
lng snfrne take the Iotltinn that they have ~
necu.nnlation Of Iron, nnsi must mrfer rrthr'i
...ss uf pront or loss incurred Tnr strong rni.i
panles nrr not making any such naufs-. and vii
not consider anything lie,ov NlI thna.eo, cfeil
IA several caseS maintaining rrm position AZ
SIS The sltuntlon must eisl Ia h'uNing out
ol 4 number of stalks. wnen this e,d Occul<
prices viii improve. bat not lforr. The scn.rai
outlook Tor trade a. healthy and ciicouragiF-
There can be no question but that ia many liiifr
manufacturers vii le taxed 20 their utmost c.-
ps.ify The balance ~ this year y likely 10 show
onlg i moderate amount oibnylr'g asccnHunets
aiwaye make = point 10 fn down tnr'r s'pfns a.,,
account 81 taking Inventory ou that date Tnew
n sin no material Improvement Ia TIE Dvtroit
market. nna While Snnie GOOD sized orders arc
ocgasionnl \ revived. yet prices do not improve.
On ncrotnt 81 navigation un the lakes beng 80
near the CLOSE. there y considerable inquiry Tor
LIKE NulTr1f rnNfIlII Tor eastern btIlNfll
from furnaces that cannot ship east during the
winter At nauch higher rates There u more ctll
for rst t'nS> Ohio ~oltenrrs than Tor ~uine time
past hui 80 adyance ia - A.es has tascn pla,t
ket during the past week VMd no shiesoiiWport-
,,i,ss are reported Theft WAS lot ~ grcy fOr1e
hoa.,ill un basis ol Sa.5n. binnnghan. but u u
l0unl 10 ne asa on lot and j. an Indication rath
..r IL ilf ete~ OF lle seller tn Ot the true mar
krt which l. about on basis fSlOiOrth this year
delivery. While there " little buying Vi ear Wlns
IRONS inst M the moment. some contracts Tor
cars ARE being let una the situation ahlonscha
coal furnaces Is silch sis To give them encourage
nent and "a irgner feeling Tor the futurV--roine
ARE well sold np. while Others VIII shorty blow
out for repairs. relieving the market nithirnuch
competition, and already some small btNs arr
reported at figures considerably above those re
Gently ruling. There seems TO ie a trfe more
life M the ST. LoiAs market, but only enough 70
indicate that there may be better times aAean
The effect In present business n slight. a. q very
intense dulllfeSs still continues. Exceedingly low
prices ruling. Some pennsylvania irons
are now offered VA the vicinity OF ~. Louis ~
lover pricts than ever before known. Cincinnati
reports that southern coke irous have sold ~ a
dollar per ton above the lowest prices oi August
Whether the advanced prices are TO be sustained
will depend upon the demand entirely, ~ " y
not the policy of southern makers 20 pile then
iron Tie moving OF the cotton crop together
with the general activity In the southern states.
reitdcrH IL impossible 20 siciilg cars Tor prompt
shipments OF iron. The railroad facilities Ot the
south arr, inadeqtiate. ard there H. ample room
for another great trunk line. Not much Interest
* shown IN the 81. Louis market. buying Tor
the most part seems 20 berariohd orders hilu
iOtS In small amounts. the stove works bciiiktut
heaviest buyers. Prices on southern coke irons
remain about the same. Lake superior ana
southern car wheel irons are very low. but II T.
The general rule among the turilsces 20 accept
orders only Tor immediate or early delivery.
1HE Local SITuAuoN.--The OctOber shipments
of ore although ireghts were reasonable low
during the largest portion oil month, SHOW a