The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1891-05-23

prices. and IN most cases prompt delivery
IN requested. On account of the continu-
ed trouble in the Connellsville district, il
is difficult for foundries to obtain as
good quality as they are accustomed To
Use, and thus more demand is caused for
silvery iron. transactions in Lake Su-
perior charcoal continue to be the most
prominent feature OF. the Chicago mar
ket; many additional snles 81 round lots
have been made, and other Ia re consum-
ers are now negotiating f.r theirseason's
supply. Buying 81 metal OF this class,
which usually takes place In June and
months ahead OF regular period, in con-
sequence of the exceptionally low prices
which are ruling. There has been no real
upward tendency in prices yet in this
line. Transactions in the way OF coke
irons are diminishing somewhat, deals
being very light Tor iron made la the
Birmingham district Sales OF northern
irons have been restricted ON account OF
the shutting down OF most OF the local
furnaces, owing To the impossibility OF
obtaining fuel. Purchasing, Mt Buffalo,
with the exception ofLake Superior char
coal iron. continues 20 be for immediate
requirements. The mallcable trade Is be-
ginning TO manifest considerable interest
in the market. Prices still remain very
low. Consumers In the st. Louis market
are beginning To realize that prices have
about reached bottom, and inquiries are
coming in more freely. The furnace com
panies, however. as minated before,
will not consider advanced deliveries at
the present prices, and Increased activity
with higher figures may be anticipated
shortly. At Cincinnati, prices have not
.tnI ~ ho laa nAFf lint
there is larger business Inquiries have
come in for large quantities al both coke
and charcoal irons. Sucn transactions
as have been closed have been, at the
bottom figures. The more active buy
ing; however, affords "A better founda-
ton on which TO build market, and
some furnaces have already advanced
their views for forward deliveries. The
largest orders booked have been for Lake
Superior charcoal and southern coke
grey forge irons.
The LOCAL SITUATION far ms the
case Is at all applicable Co the interests
centered here aud in the Mahoning and
Shenango valleys, there has been NO
change i'm the situation, and the pros
poets for "A change are as remote AZ ever
they were. After making all the conces-
sions that could possibly be made, the
ore producers find that they are no bet
ter off than before, and that the volume
of their business would not have been
affected an iota II they had gone up with
the price instead az coming down. That
is TO sny. even the exceedingly low price
made for 81 ore has been no inducement
60 the furnace interests To purchase, and
the ore men are prepared to wait for
something or other 60 turn up In better
meut of their business The ore prices
have been reduced ON the average dol
lar and quarter from last seasons
prices. the vessel men have followed suit,
and no space need be wasted TO say that
there will be NO money this year in Jake
ireghts. In evidence OF this assertion IL
is only necessary TO state that with the
exception Of some government work, and
one private boat, the dockyards here