Birmingham age-herald., 1895-06-24
Ice cold lager at Beer Pavil- ion, LakeVieW. 6-23-tf
IRON MARKET.

Cincinnati, June 22-The upward trend of the iron market continues and, ap- parently, without any retarding infiu- ences worth noticing. Agricultural inn plement makers in the central west com plain of cancellation of orders, mainly because of the drouth through Ohio, In- diana and Illinois In some other lines, also, disappointment is expressed but it is perhaps more because high expecta- tions have not been realized, than that there has been no improvement. The man with pessimiStic views, and those who pronounce the present activity only temporary, to be followed by another slump, are not hard to find but the facts are working dead against them.
 Reviewing the salient points that the week has developed, one of them is the disappearance of accumulated stocks of iron that were pressing on the market. and of small. weak sellers. One lot of 30,000 tons of foundry iron at northern furnace, that has depressed prices in its district, is reported to have all been taken. One southern furnace that has been taking contracts considerably be- low the market, is reported to have filled its books uncomfortably full of orders. Even the large stocks of charcoal iron that have SO competed against each other as to drive prices out of sight, have been largely taken up, and the holders have discovered how foolish they have been to part with valuable property at less than cost Charcoal irons are still the weakest spot in the market. but they are daily strengthening.
 The statement was made recently by an experienced iron maker that present consumption in this country is 100000 tons per month in excess of production The declaration seemed wild. It now ap- hnxt hat in output of furnaces in the United States was taken and little more than 100000 Ions drawn from Che limited stocks. Probably the same rate of reduction is going on this month. A very little more of this and the market will get away from the conservative influences that control it.
 The lot of the furnace man and his rep resentative, on an advancing market, is not so much one of roses as might be supposed. old and valued customers who have been placing contracts for five years on a declining market. and who now desire to buy for six or nine months ahead at present priceS-on an advancing market-and are refused. feel that the course of the furnaces is arbitrary and unjust The furnaces, on the other hand, feel that on a declining market they extended deliveries, carried iron for their customers. and accommodated in many ways at their cost, and now are entitled to little of the improvement that is so long overdue. The merchant and commission man enjoy life as best they can between the upper and neither stones.
 The principal transactions of the past week have been with two or three large agricultural implement concerns, and with the leading malleable works. The latter have covered for total of perhaps p, 900 tons. The majority of it is coke iron, but a considerable portion has been of charcoal iron The rolling mill and general foundry trade have been rather free buyers. and all a; the last advance in prices.
 Southern irons are now s1.75 per ton up
 rom the lowest figure on mill grades and $1.5D on foundry grades. The last
 dvance of 50 cents per ton was ordered
 the 18th instant. The strongest ele-
 .-nt in the whole situation appears to oe Bessemer pig and it's products. Steel