The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1898-03-12
THE IRON MARKET.
The Cleveland iron Trade Reviews Resume OF
the Week in Iron Circles

The Cleveland iron Trade Reviews Resume OF
the Week in Iron Circles.
Iron orc selling firms quoted prices for
1898 to the furnace companies on Tues
day, the sheet showing the average an
alyses oi 1897 cargocs of all ores having
been sent out a lev days before Some
buyers did not wait to be solicited TO
buy but visited Cleveland offices on Tues
day to put in their orders for certain
ores oi which they wanted 10 be sure.
Between 200, 900 and 300, 900 tons
were sold in this way. Tins may sound
"selling" of the one or two million tons
oi Lake Superior ores produced in n
year consisted principally IN pursuadng
furnacemen Go get along with as much
less than they wanted as woud make
the supply 60 round But it is
fact that in the case OF u few oi the
most desirable ore, last years ox-
prricnco will he repeated in 1898
the aggregate asked for by mrnacemcn
will be- more than these particular prop
critics can produce. With Mcsabi ores
and with certain old-Inngc products,
also, the talent oi statesmen will be fully
occupicd in finding market. II does
not appear that the effort made in the
pAst few weeks to get Mcsabi producers
90 get 20 some agreement among them.
selves will succeed for this year; but II
1898 repeats the performances OF last
year, when the prices set 10y one interest
having It's own railroad were so low ns
Co amount TO cut in its freight rate.
the result may he disastrous enough TO
bring remedy 10y another year. The
effort will @ 90 get an advance this year
MeSabis some sellers ARE talking more
aud may get il. Thus far nobody has
been anxious TO mov0 A lew weeks
will probably develop the course ~ tho
big producers more plainly. Prices
quoted this week 0n some of the well,
known 0ldrange ores arc as follows
Chapin, SO so, last year $40; Palms.
$500, hast year; S2.5T; Brotherton,
S2.71, last year S2.G2: Miunesota,
S3.3G last year S3.ll; Norpie, 50 .S4.
last year So 90; Atlnpte, $2.75, last
year 81 30; Chapdkr, 81 n, last year
S2.92%; Auroga, S2.92, Iaet year $3.50;
Republic special, Sa.aa, last year
S3.l0i Republic Spceular, S3.35, last
year Sa.lTi Republic Magnetic, $3.27;
Kingston. S3.17, last year $500; ASH
land, So so last year $2.GG; Pioneer.
3.03, last year $2.S7; Montreal ~. ~,
last year S277; Crushed ChGaapion No.
l, SO 10, last year 50. Ok No. 9 Section
16, S307, last year $3.50; Harvard
Besscmer ilematitc, SAD, last wear
50 .f&, Bosscmer Old mine llomatito.
~ 20, last year $2.35: Lake Bessemcr.
50 .S5, last year, $9.Tas Cleveland Bcs-
semcr, $3.29. hst year $3.lG; Salisbury
Bcssener, 81 56. last Year $3.50. An
gpline Hard, SAGA, hast year So 40;
Angclne Ilcmatiie, $9.Sl. last year
$2.S2. twill be seen that there IL no
uaiiurm advance over last year. While
the base ore is fifteen ccuts higher than
In 1897, each orc takes it's place accord
ing To actual cargo analyagH sAE h,st sea
son orthe guaranteed analyses for 1898.
II is quite well determined by transnc.
tiona ALREADY closed that sixty axe
ypn.- win be the season rate en one
from the head OF the lake, Sop;e Mar
quette business has hessA done at sixty
cents. Five steamenA % the NenoniDee
Transit enmpany hrv chartered ior two
ypass by the Canmlian.Athnsic com
pany to carry package freight. One
result viii he thar about doO,Ooo tanS
more ~ tho orc 81 one large house viii
he placed with outside vessels.
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