The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1891-10-17

Movements-Pie Iron.
The Cleveland Iron Trade Reviews re-
sumo al the week in iron circles:
Like elvanclng and re'cains lirmies the north.
elr ani southern lrons are roniestlng every foot
az .iie ggound IN their race for tilr sutf4..nncv
line ~ battie southwark. northern min irnms
having rttrntly been sold IA the Wheeling district
Ht pr;9fs that keep southern brands ont at that
market. The Wise men oi The iron trade NY
tiat. u the usual diilrgsnrN in pries rxinted, nli
the surplus ~ suitlc nali praiics would have
been disposed Of tn loiur mills n Ohio and
West Virginia. aD1 nn aas4iurs would have laeiqA
'nAtn.neis Nnd They are probably rdit. AR'nn,r
az HE '"idne central, western vnh southern
maIhytt Shows rtaii iurd hctitiiy condition
ami gradual hr'ghffu'ng outlook Al lin.an.
u 80 there Inns hecn hi,lyy huylw % coNrr con.
fi1irr- legitimate wants during The next thr.cto
rs months. hut nrii'ierS as "A rae have not at
o. nltsd 60 lorc Ipiie2 much higher The Louis
~ e market hns been quite active during the
pet week, though nosltc|aiiy argr transactions
| bHv' been reported. and the majority of sg,l,4s
htf' heen in TOO &C. 400 ton lots largely. Tor
H"'iN ry during the balance ~ this year There
= % .rod demand from allince nul Il seems tp
! w. Nrrtiy generally distributed throughout tln
c1iu'r ~, Ia many inataucra the inquiry Is sharp
for delivery durinl four 10 SIX months % tcNt
y.fr THE chicago murket ~tlll shows "A heaithy
a rr'' ui activity, coke iron, being the ma pls
lnl4' n demand. For tl's. "a number ol GOO NY
.it.l contracts have horn I,'ausl since last ~
/ tlr fnuthfin irrlticcs rftti good shnrr of
/ it-tii'rt coins, va southern cokr- the HnoiAAy
I q l7-s'nie, OF a firm ifont maintained on he
| tari ~ "a number at the lc.id NJ fompanes both
o. 90 concession in price aud thif ia trifyrr.
I H.. beyond January ist.. while Others holding
rovuua'y al same basis az price ~ their Dom.
ll"t'ors stand ready 60 cut these figures llnd
r~in scattered deliveries Whrnpvergood rustht
81 want - hny ronnd tots IN general the 4okh
WfrsNt u firm, with the expectation on the bart
! ~ ihe producers Of somewhat higher hanrrsl be.
tAs now AMI January lst Ou the other
I hriA while many consnners arc buying Frvlv
tiirs irc doing 80 IA order to fgnVer contracts
/ q usidy booked rather thnn With tho hl,il ct
h.H' tiitilng, as N h. conceded lY cs.usarsaf lV.
i1tn u that production " iullyequal toconHUnp
! ttu. understanding tho fact that the latter Is
/ ti' tiiil on iln increase, ~ hecharta tlmAtket
ph ur two laWo TRANSACTIONS have been con.
Iiuuatea ON the part az Lake Suppriorlurnai'cs
! tho hoiug closed az isnrs but little ln ndyince
/ ~ iiir old priras which prevailed during J yur.
eN'ftl 81 the lradiuR coiapnnies ~ the Chlttlpo
u.s. 'rt Hrr. however. obtaining = ~ TO Chicago,
1 sn ind hut httle difficulty in placing their hIn.
a'id metal. The roads Ia the south and west
I hlr ing uNcrinNcd ior cars and number oi
hls- 1r' almost hiuck.fded by the heavy traffic
/ LOW gbng forward While there have been 40
not ,bly arse transactions Ia the Detroit market
/ during The past week there has been "a healthy
steady trading In nearly every Crude OF Iron III
/ / fif0"i lots AMI usually Tor prompt delivery,
"a unusually large inquiry Il scen for Lake
I sup'tor charcoal. chiefly nom eastern points
/ 1h'. practically means, huNevcu. th. usua pur.
/ "a s-nu dcue during Octnber and November
/ AArp ~ Hk. tnsporiht!On may he taken nd
g-Ht le of The carriers have asked some shc n,
! a ~ Nrcs Ia lake rates which uecessltatea hiuh
81 g res at the lVsunr Lake Erie delivery ports
CSC 'ln iarw car Nhw'i matcre, too, nr nycstt.
I g1i Hs tho market with a. NirW at ugnouth',
| q fiiNuf.cs during 1892. hut with the brictter
out'r II Viii be hard work 10 CLOSE for any
rpiifi ierahe ninount for delivery further than.
InnrH ny 90 March, except upon hgher plane
/ than present quotations Atorcfheg the trade
| is much more satisfactory. both IN proe an,s
10 nne. During the past week more Inquiries
u iy' been received IA tho iui,Aiu market than
ai tlfv tlmu fnr eOsaru months lrgrs have
ult l,tyguOed. hus tho keng Is much better
So q indications that n large buying movement
"A al tk.
ha0iy. h1Ve exceeded expectations The mast
week az 81 Louis has developed moderate
nA4'hcr Of Inquiries, whilst lew medium sized
orb q have t,eh placed at tegular figures
'fnF InrAi. SITUATION One isghts are veaker
go " ok, un account oi the holding back Of the
a Ia nhipIGss, Which throws the entire Wild ton.
ticD upon the uri market. and so crenfez tenn
funlty uycrplus of carri0Ts, with itscOnseqlence
~ weakening the rate. OF course this Is bat -
temporary contingency, ~ with the first rush OF
gram the price viii 60 sailing upward. The grain
uitn G. "a Tar better AFFORD to pay the rate then
the ore producers. and II il likely 90 be nip and
tuck between these two interests for the remain
tn ore situation. except The aalp ~ =, ANAL lnf
OF non Bcssemer, lg}i oyer 80 the dock from last
NvaF 10 q pries considerably la advance of any
a., igAdy shlr season, and npprpAimatinK that
flid in 1890, The transaction cuts no great
iigir' n isclt, hut may serve AZ u straw VA refer
er,a To- the future 81 the ore market No one
expects TO see any sales made this tall nnl Vol
" not unkely that the vNl al Tho year there
iifig W. 80 nesslng demand a. 10 cause rep
~ isnl bi the htit* OF TWO years ago, when ore
was ao Il in the hall AZ - rate too hlgh 10 be sns.
tain "a by.the PIG Iron market Tn. Immediate
r'-u ~ That episode was the immodeu,ic al
van Of pix iron within very Few weeks. i,,,
lowed ~ reaction ifom which The market B..
sii'' fsfrrng. The conservative mon ", the ufn
trade viii not DO HiSi,tis AZ n,,te a repetition
ni tiiil iieastpous VNpelimpnt, aud they mean y
bait lhelr one lor sale Va the spring. aud Ia q ch
Wiih the vessel movement The pig iron bust
ness ~ Ia the curious position OF being on Tho
NtfE' Of a boom. without, ns yet, glvinq IN. frSt
slen OF the good times TO come, Thecondltions
nil ftfor "a sharp advance tho stocks arr. small
aud are still dlmininhiig; trade IN good rs To-
suura. q marked Improvement in this direction
msu % ting Itself this week. aud the consumers
a'y nqnlring Tor round lots where they preferred
10 buy "a ear load ~ y time, few weeks ago
Yet HE price is ~ low. or nearly ~ low ~
c.l u was, since the advance 81 say TWEEN.
tyscits q ton n nossnincr, which now sells ~
Ia 10 fhp valley furnaces, can hardly BE- called
an aiyancf Hut there - some con sith,rahi,
bus',, IS doing at SID. where node was recorded
az thc cheaper rt', and al in nli. thera Ia riud
reason 90 expect an improvement, werc u net
FOR the Tact that the iuture I, tou easily mad "a
come about 10 liist this way. Bui one needs "a
r neither "a prophet nor the sou of a prophet ia
make She tortgst that December will sce better
business ani better prices IN all the Varloits
lines sud pig iron viii undoubtedly receive its
share OF the improvements. We six furnaces ia
the Shenapgo valley witch, soinc DAYS ago
banked their ngeS hecduSe of the demand on the
pant 90 their mea Tor ~ ten per cent, advance. !
have conucded the demand. and have started
up ngn.u. They were confronted with the choice |
ot giving ~, on seelne their furnaces chilled na
they could attain no labor whatever aud 40
they chose the csser oyll. az cour~c they can.
not afford 20 pay the advance hut in view ol
the changing condition ~ the market. they have
mnde the best 81 a. THIS action ,il la the
oonrreef ~ very short tiule cause the advance TO
be made throughout the two valleys, Whth
means an luerase Ia The enst oi prs,luclng IA tom
~ lis iFsH o.. l.isi uilw'll Vruta Manufactured
i,on, u hli.' h'nwr' aRl peIcss are better hy Il