Hide Article Text (OCR)
JN ORETRADEi Business dandns go the on trade ; closing, eid Iheir sumption taed botht develop-red more mnesteud; Jg made, that the score of situationrds, The ,hd thing lling up* ed work-ces for ailied. , It.that the this time feet, with manufac-sournging ? subrais-tration, if*10 itlu ac-mimously iption at her week, ages for 'hero isresum p-n manu-ich more Buying g up of , .distinct een • very iny kind ays. Pig jstlonably curtail-s v tov .he,lown out*. - • • . ..crtatiarrofhe report orage Co. ird, July ts having and only tho ilrst int stocks The one-Yet in are those i fall will mind will lsuraptiYOsally are. 1 of the ear, with ut thoseunvaried •to-month vith. buy-final way,tken care mve buy-that theOK$1,16—is general among ore shippers. They point to crowded docks and add that any considerable advance that the grain movement may occasion, .whan it comes, wohld bo followed by a cessation of ore shipments. . Tho receipts of tho Cleveland docks last week were about 97,000 tons and the. shipments to furnaces about 33,000 tons. The ratio ofoiieto three, between these figures, lias been comparatively a steady one since tho season opened. Late reports from the milling region only fulfill tho prophecies that were mado a few weeks ago. The Shutting down of the Champion, that, with its total of 2,Go4,527 tons at the end of last season was fifthamoung Marquette nines in production indicates the strait to which continually dropping prices has brought the mining interests. A one-third reduction in railroad freights* that is guaranteed the Champion by the the outlet it will soon • have co Huron Bay, conics too late to be of assistance, but it is a notification to whom it may concern, that a reduction in railroad rates ought to* to be preferred to tho cutting oil' of shipments. The sales of ore in this market, the past, liavo been small ones. In pig iron, likewise, there is almost a suspension of transactions. It lias been the dullest week of the year, sellers say. Quotftlians do not change. It is mcrclj'a matter • of how much they shall be cut. The River furnace of Fiekamls, Mather Co., that turns out about 100 tops of .high grade foundry pig daily, will blow out in a week or two, being the last of this company’s furnaces to go on tho idle list. Rolling mills are likely to resume within a week or ten clays. Meantime their sales are in small lots and at iirmor prices- Tho structural market is lifoloss. Muck bar is in somewhat better demand, at $2*100 @ $24:75, Merchant steel ia quiet ami the scrap market is practically nil.HOW IWHATSECAn AdvoFarrHuron Bay Railroad.Work on tho Huron Bay road is being pushed by every means consistent with economy and nothing happening will bo so far completed on the first of August as to admit of a. construction train being run , over the entire line. The only remaining vyork so far as the grade is concerned, is in. tho rock cut*Tiro/Ur’d wnvl- wrlM hn vrtnit*i*n.l two week’s work* will be required in completing it. It is stated that the cost of putting this cut through has nearly equaled the original estimate of thaco^t of tho ontirc line. It is 1,300 long and CO feet deep at one point. The rock is covered with some 20 feet of clay, in tho begining of tho cut tins clay was left so near the lino of the road that much of it has been handled twico. Following a heavy storm, from 300 to •500 yards of it has.been washed into tho cut, in such shape as to cause more labor and cxpenso than was involved in its original removal.Iron lias been laid from Huron Bay to the Summit—a distance of over 00 miles—while the ties have been disturbed over the entire line. Bridges all built, as are the tressels with one exception—a short piece immediately east of tho Summit cut, but as the ma tonal is on the ground, no time of account will be consumed in putting it in readiness for the tins.—Negaunee Hcr-uld.A Misrepresentation.A dispatch from Ashland in last Monday’s Evening Wisconsin stated('on t t'-i 1For a j curing t!in Ironvminds ofbut as ycward secprise. Ilive of 'IYork inin veganonterpri;vest menthe gent-for the cat Ashlalion forsuch enfurnaceiron imstated Lgood pin“Tho onsaid Mr.wood avicinity»*be snppl of wood and if tlsonablereason v .a blast ter call committ matter,” There can havt the peon per mm called to taken ti city.• Justic preme b cut last the case In 1887 c^rnapsmmGrant uHer bus was sen correct!'was rec court, v June. . not sit. Justice Th ursd. versed t low and errors crefusingavbmittney.A. J. ' city yes! merly g* Snyder; I-Iurlcy, Iron fc cured or At the p eated iran no,
Newspaper Details
Ironwood Gogebic Advocate
Ironwood, Michigan, US
Sat, Aug 13, 1892
Page 5
Full Page
Clipped by
Akron S.
OH, USA 19 Jun 2018
Other Publications Near Ironwood, Michigan
Daily Globe
Ironwood Daily Globe
Ironwood Gogebic Advocate
Interstate News Record
Ironwood Inter State News
