The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1902-07-26

II dibOQIh Di LLtlf ell pultubh. Ac
4 announcement 10y TIE large Southern
furnace interest that its books are
opened for 1865 orders. beginning
with March. prices on basis OF $i7
at furnace for No foundry iron
tells of the strength Of inquiry for
forward DELIVERIES that the furnaces
have been meeting lately. as well as
/ the extent 20 which N this Instance
the business booked for 9O2 viii lap
over into The following year The
Chicago district reports sales u 100, GOO
tons OF pig iron IN the pass week
Sales in ami aTgraa Pittsorrg amount
j TO 40, 900 tons y foundry and mallea5le
Bessemer irons. AM 81 10 estimated
that fully 100 900 tous 4 iron TO-
4 foundry Use has now usen sold in
that districi tor delivery next year
IA tie Eas- tie aaye been round
sale If Southern iron cor next year
and Cincinnati notes marked increase
ia inquiries and sales for 1903 delivery
Prices FOR next scar are nor uniform
as low a. 5000 and a. high as sis
being quoted by southern iuruaces for
/ No . while NOrtaegn furnaces quote
from SCI 10 $22 at fnrrae Taere !,
closer scutiny tAan eyer " signs. that
consumption wi .ecease "a the near
future lecause tine ni5h p.ics Il
iron, but DC @ lain ea3rgh 70 BE-
eata logued hlagl Tie danger is ~
generally reeo-uz IL ~ tie case q q
number 81 pig .r1a plduce half the.r
capacity If the hr.t SIS months Il 1903
il already sid few have sold less
than one.third their probable output
ii that ueriol Pittsburg reports il
sale If 10000 toms Il Bessener iron,
delivery extending through laO9 at
So al furnace CD above the
bass 81 sales og .4 rst quarter
made few months a. ne Unitsl
States steel Crporati In the bug
ing of foundr aud Dbl ,ale Pig iron
for next year lar-e ius SIS Haye led,
one Important a-aag having placrl
ain order for its requirements from
April to Deoeulocr besides buying
certain forms of finished for all Of next
year There is nothing new in Tire
steel situation. Independent finishing
milis cannot make money A. the pres
ent prices for billets ana rolled mater
ial and with steel somewhat weaker
through resales opposed 70 wait for u
further decline The situation in the
heavier foruis az finished steel grows
stronger Rail burin1 continues. the
~ q O. order Tor 40 0n0 tons equally
divided betweeE the steel corporation
and the outside group Of mills being
the latest of Importance Tl- Chicago
nill is practically Add 10 o,at l. I'M
the plate market shipyard Ugd agricul-
Hnral orders have added sKuch 10 the
tonnage boolics for SOB The consol
tdated lake ~ rds have n0W - vessSs
an their bosa.s these representing
Il ~ 900 tons 81 pilates and shapes For
locomotive 0ad Agricultural engine
requirements aherc has l,e.-fi good csn-
fractng SUNae Central territory lgan.
ufacturers ~ the latter lire who have
waited for a~surance on Oh crops, now
tnd that they cannot sei deliveries ON
some forms e material wanted IN the
late tail befcge ,Iauaarr 81 Febuuary
Chicago reIsaets sales ~ 100, 900 tons
of bars in the past week. aud this has
served 10 reBslve the weakness recently
roted III bur troI in the Nest SbtIct.
gral orders, On which as well e. on
nsates the sfsieia lig'anes are 6isre-
.g4rded even - 1903 busieess ~ some
sellers an. st2l strong ceature one
structural NAH took u t'ta tuus in Chi
cago last week The task Of consoIid.
alton Of Maho1 ing and Shenango Val.
ley furnaces IL revived. Int important
cluded in any such move know 10th.
ing Of it, Valuations or the bsfis OF
present prosperity wou& be prdhib.
tive The action on the Amalganoted
Association proposal ~ accept ~.
dncftpn Of - psrcent uu lsblr entering
into Tin plates for expei 70 replace
drawback plates has heet iavurahle in
MAJORITY u Che lodges repurtiug,
though there Az some negative VOTES
Aragan shaft NJ ) IS noy' 100 feet
deep.
The Oliver Iron Mg Co.. has begms
exploratory work ~ the old Garfield
e,tst Of the Verona
But little remains at the big stock
pile at Amgon Ma I The Steam
shovel has done great work THE eeason
-Cuuent
The Florence mine j. shipping ore
~ Escanaba as rapidly as circumstance