The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1907-03-16
THE IRON MARKET
is MUCH STRONGER
PRICES REMAIN ABOUT THE SAME
WITH INCREASED VOLUME.
A VIEW ORE FIND RECORDED
Corbeit Farm Between Stambaugh and
Saunders Contains Ore Zimmerman
Interests Very Active.

The general business conditions in
the iron word are very healthy oreJ as
may be CLEANED from the following
resume Of the Iron Trade Review
THE remarkable ability Of the
market to shake OIL temporary lethargy
which has been manifested several
times during recent months is again
being shown. and the feeling in the
pig iron market is distinctly strong
although prices show little il any
change. Some additional information
in regard 60 the sales OF southern iron
aggregating 70. 900 tons reported last
week is now available showing that
the leading pipe interest bought 33. 600
tons, M indication that some large
consumer may soon appear in the mar
ket. Valley producers OF bessemer pig
iron. who have only about 30. 900 tons
unsold for the first half OF the year,
have fixed the second quarter price at
seq. 90 furnace. and it Is expected that
the unsold tonnage will soon be dis
posed Of.
Large interests in the south are
firm in their prices. and, although
some iron has been sold by brokers AZ
less than the orders quotation, buyers
are finding it difficulty to place orders
at less than $ls. 80 for last half de-
livery. Rumors OF concession ION
southern iron are not so frequently
heard AZ they were week OF two ago.
"our monthly blast furnace statistics
indicate an.average daily production
for February OF 20. i0s tons. against
40 1876 tons In Janaury, but number
Of stocks were blown out during the
closing days Of last month. and IL is
expected that othsrs will go out Of
commission or repairs this month. "
In this same connection the Iron Age
says
The monthly pig iron statistics
collected by ths Iron Age show the out
put for February, short month. Of |
coke and anthracite pig iron amount
ing TO 2, 0l5, 00S tons, as compared with
2, POO. 6O7 gross tons in January In
dications from the achievements thus
far ia this month are that the March |
output Of pig iron and OF finished pro
ducts OF this largest producer will suc-
ceed the banner record Of October last,
Possibly record tonnage may also be
attained in steel
la pig iron both sides maintain o
defensive attitude, and there is com
paratively little business doing FOR de- |
livery during the second quarter For
early delivery bessemer pig Is AS tight
as 10 well could be in the central west, |
and considerable tonnage could be |
marketed II II were at all available.
The largest rail order placed ia the
week was for 81, 800 tons. Among
structural orders are 200 tons o.,
bridge work for New England rail |
road. and 2, 800 tons for two buildings
in San Francisco. The pipe and tube
trade Is in an exceptional position. |
One large tube company has been fore
cd TO withdraw prices. Other mills
have withdrawn their prices and are
quoting an advance OF 81, 100 TO sL00
per ton. T"
NEW ORE FIND.
ore has been cut In the test pits be-
ing sunk ON the Corbett farm in sec
tion 0, 49-34- This property has been
under option 10 several Stambaugh
parties who have been conducting test
pit work thereon for some time. Last
week vein OF feet wss cut in one OF
the pits and IL looks like good stuff
The explorers are very mucn encourag.
ed and IL is probable that the property
will be taken over by one OF the big
concerns and explored in vigorous
manner before long. II is said that
tnat the Zimmerman interests have
first chance at the property.
- THE ZIMMERMANS
These interests. which are new com
mers in the district have demonstrated
their anxiety TO get some mines by
tarting work on the Kinney farm. ad
-jUining the Baltic mine in stambaugh
The Kinney has been explored at var
ious times in the past but nothing Of
much value was encountered. IL Is tho
intention Of the new option holders TO
testpit considerably and then put down
a.deep drill hole. Captain Isaac viii.
hams OF this city is in charge of the
work
These interests have also tho refusal
Of an option on the Biru mine east. Of
this city The Bird i. located on sac.