The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1891-09-26
FROM THE MARKETS.


O neral Features Of ,hs Iron Business Iron Ore
Move meats Pig Iron,
The Cleveland Iron Trade Reviews ne
snInp al the week in iron Ciirlcs:
''My impression il that there D. going 20 he
considerable activity ana improvement 10 all
iron enterprises ior il couple ~ years "a come
Thus writes 10 The lron friidg lieyiew q promi.
nent railroad man. whose lars' Investments.
commanding position aud d~pnssionate hnSi-
ness Indictment, certainly qualify him 20 st.4tk
with authority. ia confirmation OF this view
We have "a note that from ail quarters rnccur.
ariug adNiccS are rcriNed. Within The past its
days there have been speculative inquiries iu
Central Western markets. aud consumers ate
apparently becoming more interested in the
future of the market The furnaces are acting
wisely la accepting orders al fan prices for his
years delivery. l4aur inquiries have been sent
ont by western ctr works ana the day for Ia
creased railroad business serms mar ~ lnnd
favorable feat ne 81 the situation II that in
spite ol the enormous productive capacity. The
stock ~ pig irOu increased very little diIrIug
August this shows that consumption III q triy
keeping pacr with production. Labor trouble.
IN the iron mills scem 10 haze been satisfactorily
settled aud There n thing va slat 10 Interfere
With n rmunfrntNe hu-hmss Tor months 10
come. canvass this week oi the coke furnaces
wv the iiirmmghnnl district, shows twenty ~
blast nnh lnur out a fair demand with "A hope
fu ireling on the mart ~ consumers, y the pre-
sent condition 81 the thicugo pa metal market
Small orders are numerous aud several ranEinI
Ia size to 5un tons have marked the IaUit Week
There has been 40 particular Change la tho wav
pi price either ON nprthern pr southern ne
a Discrimination Atnl continues on the part ui
tlFilioe man Ia make contracts ~ present prices
running further ahead than end ol prcSent year.
ior anything beyond January ! morr mooney IN
asked. The Increase in production during pas
ninety days has, however, been SO large, that
consumers Waleray heel quite easy, rgnriing
any materl' change in prices. Lake Superior
rhnrcnas ARE quiet prircs on several at he lead
ing brands being hrinly maintained nt sis 80
Chicago. with sales ranging ~ 10 $40 Some Ca
the smaller companies are SIN prepared 10 sell
SIT 80 iron, but the number II limited. The
outlook ier balance for the year Is healthy. IN
divatiunz being that consumption viii vtendily
advance. and that a. soon railroad lines
have any money they Will also be- large buyers
While there has been no material change 10 the
Detroit market during the week under review
yet there have been "a number 81 transactions Ia
Lake Superior charcoal. While The amount IN
any single transactions has not been worry lat.s.
yet Ia the aggregate The tonnage has b.fn Vsrv
satisfactory aud la no case ha. tl,e seller h,en
forced 90 make q punresslpn Yns ut.cegtan.a
oi trright- rNniaininE 80 ~, present Ii causing
raiieNc lcellnie " cont gRtt lor hltngy delivery
~ pfcse,it hslltes, nNd the buyers ara not Yet
rpally 20 stand nn adyano0, nnd am waiting Ia
hopes That concessions will he otfrrtd. some
lew orders Tor coke Irons are being pluced and
occasionally one for Bessemer Tile inquiry for
prompt shipment = INCREASING. and the Ontioos
for larger business II very good. Al LOuirVillc
there are Inquiries Tor round lots of both coke
and charcoal iron. hat ilrnuccs have advanced
their Views Tor hltur delivery ,nnd seem well
supplied with orders for thirty To sixty days
aud ARE not disposed 10 accept orders for long
futurs az current prices. Buying AZ buffalo Tor
the past week has been exceedingly light hut iar
the first time this year consumers oi pig irui, ge
port AN improved outlook. Ontside ii tab,
encouraging ieaiufv our correspondents tail "a
sc any improycmpnl vhsia,eg o,fF theduilncss
referred "a last mSrk' Ctu,spmpiion IL evidently
.,n tnf is.el..s.. hut the growth H. 40 gradual
That II a. iully mel by orders tor carload lots
in addition TO the contracts alrrady plaeeti
The most popular brands of Lake superior
Ga lrcoal are firm at Am advance. An improve
inent la Inquiry ~ noticed at 81 Louis Nuit
an Improvement " 10 hc reported iu stp,cf ..s,i
iron during the past two N,,kH, Aont ..rv b,
expectation orders hayp llopl lueis ,..ng raplas
nnd the deWnnh hts pfeolAe a,ate aqsisr The
ltlEpnN mile aV ngN suite busy und ar,
lhginnint ~ pc pten-ed ga ghi oltt orlsrn ns
quickly ~ desired, tnlte u good many buil,iinrs
arc iuidsr ruuHi rucilO ana many nov hndts..
ARE also heing built rrlces while showing 40
imp. o. omtnt are frmer