The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1897-06-02
LIGHT SALES.
Non-Bessesers the Principal
Ores Sold.
from Iron Trade BeFiew-l

Ore sales have been light the past
wee, and the activity has been chief
lyon the non-Bessemer side OF the
market. The 4o0.ooo-ton purchases
of old-range Bessener ores by the
Carnegie Steel Co., as previously re-
ferred to. are supposed 10 represent
eae-fan-th to one-tllird the require
,nents of the company in ores outside
the s1esabi range. reckoning It's total
conservation ut about 100000 tons.
II IS understood that the Illinois
Steel Go. has found the ore men ready
to put ores in its docks, TO be carried
IN the way stocks are carried at Lake
Erie Dorts. but this option seems not
10 have been used thus far, as all the
com p.nyfs purchases. at least OF Old
range ores. for 1887 delivery have been
outright sales. Some interest IN
freights VAS excited in the week by
The rs3arted covering OF 100000 tons
for the summer months by the Rock
Teller interest. 1t turned out, how
ever. that shipping orders had been
misunierstoo and the deals were
declared of
In the main the market Indications
Of the week are slightly more favor
able as 10 the volume OF business
Chicago has had fortnight of good
having in pig iron and the activity OF
larger bIlYers has led to distributed
Inquiries for smaller lots At the
same time there has been q better call
for iron on old contracts in Western
districts. 1t has been noted in
finished lines that specifications are
coming in more freely, and both
eastern.and western mills have been
more fully employed of late than ID
the earlier spring months. The pros
pect OF larger structural demand is
now more generally recognized No
Immediate rush of orders followed the
hreak king down of the beam agree
ment, but buyers may now be willing
TO consider large purchases since
they have not had long TO wait Tor
beams and channels TO take their
Mace in the list of cent-a-pound prod
ucts. The four mills that were ex-
Dected to act in concert in maintain
ing ]. sc as the central western basis
quickly agreed on an open. market and
lie Pittsburg is now freely quoted.
Not all are willing. however. to sell
for delivery into 1893 on. that basis
There is little change in prices On
other finished products Open-hearth
mates are now sold at the figures re-
Gently asked for Bessemer plates:
thus far Ic Pittsburg seems to be
minimum for open-hearth material.
Under recent wages reductions. bar
iron from Pittsburg mills has gone
lower. There is more activity at
most western mills, but the demand
is evidently in anticipation ola shut
down at the end of June. There will
be no haste in agreeing TO $3.50
pudding. Last year Dittsburg mills
were lined up by unionism before this
rate was accepted. To-day 81 is the
maximum in the Pittsburg district,
with good reason to believe that the
finishing scale has been cut in what
are still considered union mills
Valley manufacturers will expect
equal advantages The tin plate scale
promises a contest, also, reports indi-
,n+ rplr ra tho r0t1S for
rolling black plates for timing put on
the regular sheet mill basis. but that
advances are made by f0ot-note
changes. The scheme to bring the
rod mills of the country into an asso-
citation arrangement is making pro-
eress. though it does not appear as
vet what its final shape will be- In
the case of some mills the plan is to
buy the entire product. Other mills,
with steel works connections, VIII be
handled under an agreement as to
oufnut over and above that carried
into more finished forms by the OWL
ers- The capacity of effective rod
mills is about 100000 tons a year
AS high as 100000 tons has been
marketed asrods in one year, thong
the demand to-day is much below
that. The plan on foot would at
least cut the supply down one-half.
There is no general effort by buyers
of rods to cover ahead in expectation
of an advace. and most mills are
booked for two or three months on
business taken earlier in the year, sol
that no anticipatory effect of the
p3ol movement is in evidence
Foreign business continues in various