The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1891-07-18

ton the following spring. But with the
prospects of large crop aud with the
continued demand and inquiry that
there IL to-day, IL Is TO he hoped that
some better prices may be asked and
obtained a little later on. Northern
coke irons are showing considerable
activity In our local market aud obtain
ing some good-sized orders. We hear of
no tranctions in southern IRON, of record
during the past week. Altogether, the
trade may be said Ia be fairly good, ns
lar aSdemand is concerned, at nominally
low prices The Chicago market shows
little In the way al features 81 special
interest. Moderate buying is only going
ON, this being divided among northern
cOkes, southern cokes and Lake Superior
charcoal, orders ranging for the most
pnrt from 300 tons down. II is reported
TINT one or two good-sized lots of Lake
Superior charcoal have been sold during
the last week TO one 81 the leading mall
leable concerns for the purpose OF com
plotting their seasons contract. Prices
remain on about the saiue basis az has
been ruling for the last fortnight. On
southern coke some companies are very
firm ON the matter 81 extended deliveries,
while Others are found ready 20 make
present prices on contracts running well
into next year. Lake Superior charcoals
are being held at SIS, Chicago, with the
exception of one or two furnaces which
are still IN need Of orders; price is being
cut by these. Buying at Buffalo has
leen considerably restricted during the
past week. due in part, at least. to in
ventoring, which IL apparently quite
general among foundries at this time 81
the year There tx evidence Of a little
more pressure to sell, but stocks mt
furnaces and ioundries are light. Con-
sumption H. so very small that II would
look as though any change would be
toward an increase after the "shntdown"
attending our national holiday is over.
THE LOCAL SHuAnoN.-There has
been ~ combination OF circumstances
this week that did much To retard bust
ness, so that little can be said either in
the transactions or OF gossip. Quite
good many OF the people interested in
the iron and iron ore lines went out of
town to spend the Fourth and have not
returned as yet, and several oil the lead
ing men in these lines seem To have lost
all interest i'm the market, and have
temporarily retired To enjoy vacation.
From the head Of the lakes considerable
confusion il reported In the ore ship
ments, and the vessels get very poor
dispatch. Nobody can tell within hall "A
million tons just how much ore has
come down by lake thus far, but there
are some who claim that the failing off
this year over the corresponding season
in 1890, il fully two million tons.
Freights. which were decidedly bnllish
last week, are weak at this writing, but
will receive considerable stiffening as
soon as the southwestern grain crops
reaches the western points OF shipment.
Some Bessemer ores were sold this
week at the prices that have governed
for the past month, the producers seeing
no way out OF the claims upon them by
their consumers. IL had been resolved
by some OF the ore men to curtail their
mining operations, and To limit them To
the lowest possible output, but they
were met 10y the problem OF the future,