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ETE Tt 5 IEW. Vou. VII. CLEVELAND, OHIO, THURSDAY, APRIL 13, 1893. No. 15. lron Ore Sales Market--Lake Freights. To a representative of the MARIEE REVIEW, who was in Pittsburg on Monday of this week, Mr. Curry, who is in charge of matters pertaining to the purchase of iron ore for the Carnegie Steel Company, said that his company had not changed its posi- tion regarding prices of iron ore. "We have not solicited nego- tiations with the ore sales agents," said Mr. Curry. "Some of them came to us several weeks ago and said they were desirous of fixing prices on ore, in order to make up their minds as to whether they would work their properties to full capacity or cut down the mining force. We told them that we were not ready to buy, but offered $3.50 for standard Gogebic Bessemers. We have not changed our position in the matter, and see no reason at present for a change, although we understand that the Aurora and one or two other companies mining standard Bessemers have sold a portion of their 1893 product at $4, the price asked by the ore dealers. We bought some ore--not a very large amount ---last week at our price." ; Mr. Curry would not say what was meant by the term "our price," and would not state the amount of the purchase to which he referred, claiming that the sellers had requested the Carnegie company to withhold information of this kind. Among the ore dealers it is generally understood that the ore referred to will come from the Pewabic mine, a Menominee range property, in which the Carnegies own a half interest, and that on account of the relations between the mining company and the purchasers the deal can have no effect upon the general market. It is also said that this Pewabic ore is of a special grade and is to be mixed with non-Bessemier ore for the manufacture of Bessemer iron. Pig iron has been.a trifle weaker during the past few days, and some of the ore dealers are inclined to charge the weakness to manipulation that is aimed at a depres- sion in iron ore. The Duquesne works of the Carnegie company has been shut down, and it has also been given out in the newspapers that the Homestead works would suspend operations shortly, but as it is known that alterations are to be made in the works at Duquesne, and as the report of a shut down at Homestead has not been confirmed by the manage- ment. these stories have had no effect on the opinions held by ore dealers as to prices. Thus the ore market is practically as it has been since small sales began three weeks ago with furnace men, who have acted independent of the Carnegie and Illinois steel companies. These sales may exceed a million tons, as, in addition to the Bessemer ore that has been placed, the Chapin company is understood to have disposed of more than half of its 1893 product at $3.65 a ton, or 60 cents below the first prices paid for Chapin a year ago. Knowing that the consumption of ore during the past year has been largely in excess of the previous year, and that stocks of coke pig iron were reduced 27,000 tons in March, leaving the supply at about 350,000 tons, or practically a nominal amount, the ore dealers are still strong in their demand for $4 for stand- ard Gogebics. Officers of the Norrie, Ashland, Iron Belt and other companies mining standard Gogebics declare positively that they have sold no ore, and that a marked change must come over the situation before they will sell at a reduction on the prices for which they have been holding out. No lake freight contracts have been made, and the vessel owners who understand the relations between the ore dealers and pig iron manufacturers seem satisfied to await the outcome of the differences without urging matters. On account of the inactivity in ore, the grain freight market is weaker, however, a number of boats having been chartered for three cents from Duluth to Buffalo. From Duluth to Kingston, five ceuts is offered. There is some fear of trouble at Buffalo on account of a rush of grain at the opening, but it would probably be as well that such should be the case, as the prospects in iron ore seem certain to improve with delay in the opening of navigation. Coal carriers are in active demand at both Buffalo and Cleveland with the opening rates strong on all upper lake shipments. Mr. Galwey's Candidacy for the Inspectorship. John H. Galwey of Detroit, who was up to a few, months ago president of the national organization of marine engineers, is a candidate for the office of supervising inspector of steam vessels of the eighth district, now held by Capt. C. H. Westcott. As might be expected, Mr. Galwey's candidacy meets with decided opposition from the vessel owners, on account of his ~ prominent connection with the association of engineers. He has written a letter to several of the lake lodges,of which the follow- ing is a copy: " The election of Grover Cleveland has made a change in the board of supervising inspectors a certainty. I therefore wish to inform the members of the M. HE. B. A. that I have concluded to become a candidate for the supervising inspectorship of the eighth district, and would be very grateful to your association for such assistance as you can consistently offer towards promot- ing my success. Having the endorsement of the congressman from the Detroit district and the assurance of others whose influence is unquestioned that they will support me for the position, I feel-certain if the members of our order will make an effort in my behalf, that I will win the appointment. Now it is hardly necessary for me to state that should I succeed, the interests of our organization will ever be an uppermost consider- ation, and nothing in any way detrimental to its welfare will be carried by the board of supervising inspectors with my consent. I would like if possible to secure the endorsement of every con- gressman in the district, and am certain that such a result can be obtained, if every association will make such request to its congressman. I do not think it necessary to present a long petition, but simply request it in the name of your association, with seal and signature of your president and secretary. I would like to be furnished with duplicates of the same, to present with my application to the secretary of the treasury." That portion of the foregoing letter in which the writer says that the interests of the organization of marine engineers will be his uppermost consideration, has given the vessel owners an opportunity to enter protest against the appointment and petitions and remonstrances to President Cleveland have been sent on to Washington by individual. owners in several lake ports, as well as the Lake Carriers' Association representing the entire lake marine. The Cunard Steamship Company presented checks to the engineers and officers of the Umbria for their skill in mending her broken shaft at sea and bringing her into port last December. The subscriptions of the underwriters for the same purpose amounted to $6,000,