The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1902-07-12

ar the end OF last week. ana az TINS
writing il is being voted only the
miners 1t provides for an advance
TO laborers. with substantially the same
scale for miners at last years. The ex-
pectation Is that il will be rati fed and
work resumed, but meantime addi-
tional furnaces have gone out, six
being idle at the beginning of the
week. with the probability that Others
would need TO bank awaiting the &C
emulation of sufficient coke, even in
case of an early resumption at the
mines. The situation in the Poca-
hontas field has improved somewhat
with prospects Of genreal resump-
ton by the middle of the month.
Conditions in the Eastern Pennsylvania
field are no better. and the increased
pressure for Connelsville coke, added
TO the shortage of cars in that region
since the anthracite strike has required
the hauling of so much soft coal 10
the East, has made coke scarce for
Mahoning and Shenango Valley furn-
aces Struthers Furnace banked this
week and other stacks are on the verge
Of temporary stoppage. The ques-
tion Of foundry iron prices for 1903 is
having serious consideration with
views of sellers somewhat apart.
There has been some informal con-
ference among furnace firms The
ideas Of Northern produces vary as
much as sos 90 from $50 TO s22. 30
at furnace commonly asked for No ?
| Southern sellers i'm most instances favor
Sl7 at furnace Buying is for both
1902 and ao3 with indications that
more iron will be wanted for this year :
delivery than furnace can supply In
the Chicago district 25. 600 too -, 900
tons were bought in the week for the
delivery in the first and second quarters
of 1908, some Of il at sl7 30 Birmang-
ham for No. 9 In the Pittsbur E
district a sole Of 200 tons Of Bessemer
iron is reported at $2l. Is Valley fur
anace for the last quarter Of 1902 this
being the highest figure at tnat deliv-
cry Further importations of German
spiegeleisen are to be made, leading
steel producer having placed an order
for 10, 600 in Che past week. A sale Of
1 Virginia basic was made AZ $50 80
Pittsbnrg. Steel for the latter part
Of the year is somewhat easier In the
central west q, 900 tons OF foreign
sheet bars were bought at 50. 30 al
a delivered while the buyer who has
an open hearth plant is turning it,
product into bllets which sell az 81
at Pittsburg A sale Of %, 900 tons OF
foreign billets is reported at $33 Chic
ago, in the Pittsburg district negoti
atoms for four quarter billets are re
ported on an offer Of &3l but no sales
at SO low figure Is repotted. The
rail tonnage Of the Pennsylvania rail
road POI 600 tons placed for next yeai
-is the feature Of the week ia rolled
material This makes |, 900, 90 tons
Of at is estimated, of rev business
for 1908, as against an estimate Two
weeks ago OF loo, 600 tons all told
Including tonnage carried over from
1902, The plate mills that maintain
ly6o Pittsburg for tank are sold upt
April 1903 other mills readily get iron
1 - TO 2c for available 1902 tonnag
and some get l,s5, or - premium fo
plates for 1908 The shipyard demsn
IL heavy, two 5000 ton orders fror
I independent lake yards being take
: ia the past week. In the ChicSg
district one maker Of structural shape
Z sold - 900 tons in the past week an
the rail mill in that district il booke
: 80 July /, 1903. The structural demaR
Z is most PERSISTENT and higher price
, are paid for 1902 naterial Bar ira
IS higher in the central west, one pr
2 ducer asking considerable advanc
eVer /. 80 Pittsburg, There is rathe
I more competition on sheets and "
dependent mills are shading price
recently noted