The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1909-11-27
MORE DIAMOND
DRILLS AT WORK
FLORENCE IRON COMPANY HAS A
NEW DRILL WORKING HERE
IRON MARKETS ARE QUIET
Iron Trade Reviews Resume Of the Weeks
Market shows and Easing of In Bosi-
nss-Mueh Foreign Ore Sold.

Additional exploratory work in the
Crystal Falls district is being reported
right along. most OF IL being done with
the diamond drill The Florence Iron
Company sent drill here this week to
operate between the Hill Top and the
Hollister minea This drill really
takes the place OF a churn drill that
ta' been operated out that way for
several weeks
SHIPMENTS CONTINUE
The shovel was started again at the
Dunn yesterday and the Tobin also
shipped some ore this week but these
shipments were for the purpose Of
rounding out cargoes for the last boats.
lt is thought that tonight viii see the
final ore for the season go forward
from the Corrigan- Mckinney mines.
The .Hemlock hasa small cargo to
ship yet and Is keeping the steam
shovel warm 80 as to dig 1t out ON
short notice.
FOREIGN ORE SALES.
Additional sales OF foreign ore.
amounting to from so. 900 to 75. 600
tons. have been made. While inform.
al discussion in regard to prices of
Lake Superior ore has continued. no
decision has yet been reached, and
some important interests are opposed
10 making any announcement ..as TO
prices until the future of the pig iron
market becomes more clearly defined.
THE IRON MARKET
The Iron Age says:
The prospect OF winter OF agita-
tion at Washington over the status Of
large corporations is undeniably fac
tor In any estimate OF the course of
the iron trade. Yet there Is the feeling
that the present movement has such
a momentum and has been so soundly
developed out OF the accumulated needs
Of the country that no great unsettle-
ment is to be looked for now.
'Gauged by the business OF the last
week. the steel traae Is at high tide
prosperity. Leading Pittsburg inter
ests report that their new orders and
specifications in that time have exceed;
ed all records. Large as were October
bookings. those of the first three week
OF November have been greater Mills
still are chary of far forward business.
Sheet and tin plate plants stand
out prominently In the last week. The
American Sheet and Tin Plate com
pany reports the monumental week in
It's history. Nearly all the sheet and
tin plate mills have their capacity en-
gagged well into the first half OF 1910.
Rail orders include H. 900 tons for Le-
high Valley. OF which more than half
goes to South Bethlehem aud the bal
ance to Buffalo and Pittsburg. Some
good rail business is pending. Heavy
purchases OF spikes and other track
supplies have been made aud spikes are
advancing.
The Iron Trade Review says.
THE contract OF heavy buying OF
finished material and decided quiet in
pig iron is pronounced at present.
There is nothing to indicate that the
activity Of the mills will be decreased.
and the belief is that the lull IN pig
iron Is temporary. II is expected that
production OF pig iron and finished
products for November will fall little
IL any below that OF October.
Heavy buying Of sheets and tin
plates has been feature of the mar
ket. and the tonnage OF mill orders OF
the American Sheet and Tin Plate
company during the last week was the
largest in the company's history. Re
cent advances IN prices Of Its products
have been cheerfullv accepted by buy
ers
''In spite OF considerable inquiry In
some parts OF the country. .the pig iron
market asa whole Is qniet, and some
soft spnts haye developed F"