The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-12-16
Gbe 9MtAliQeMter,
onioo' Nos. 20 and - FOaFtsOnlhstFeet'
THE Iron TRADE.
Crude IrOp and Steel Materials Strong,
State Of the Market.

Crude IrOp and Steel Materials Strong
State Of the Market,
Stv YoEt Co9ReFrIal BuIaia Of Saturday,
All information picked up at this point
and the reports coming in from other
nome trade centres reflect astrong tone
% the market for iron and steel in near
y all forms. Crude materials that enter
nto the manufacture Of steel are the
,trongest Of any, and, while manufaC'
ured steel, more particularly In the form
4 rails, falls TO fully respond 70 the
iuoyancy prevalent in the market Tor
he crude articles, manufacturers ex'
Iress confidence in an ultimate ad'
vance and appear to be acting, upon
hut conviction, Hence, rails and steel
II other forms are offered with reserve
aud little or no effort is made TO COM
pete with the few "outsiden holders
Who may elect TO secure q profit on their
ontracts rather than take up stock that
will be needed later on, although not
bsolutely necessary tO have " the
present time, Bessemer pig iron and
pl~egeleisen are higher now than at any
Heyious time this year, aud bona tide
itIers find the strength Of the market to
III due to natural causes, not to specpla'
i've influence or artificial b~OlsteFing,
Not only that, butsellers are found more
elucIant to take extensive orders at the
resent time than q fortnight ago at the
dyanced prices, Personal reasons cause
more than ordinary caution In the mat
rF OF deciding upon prices or taking
riers for foundry iron for forward
l%elivery, and there Is therefore some
unCertainitp still al To values for the
same in the eastern section At
ast, However, past experiences war
ants the statement that iurnacemen
iii sce to II that their regular Custo.
mers are provided for, whatever may
Ultimately Ov decided upon VI To future
Irices. The probabilities are that stand.
ri foundry iron will start of at little II
anything under $40 for No. IN foundry.
tnr tue timO being, prompt deliveries
tre quoted at $l0s20 for No, lXand $lS4
y for No. 2%, but Soc advance on tue
Inside figures have been secured for
special brands In small lois. A round
II III No, 2 "plMn" is understood To
nave breu sud To pipe manufacturers ~
Sl7 80. DesSemer pig iron GAnuOt, II Is
AID, be had at less than So at Eastern
reunsylvauia furnace, $23 '23 90 IN tlt
vicinity OF youngstown or at better than
FL in Pittsburgh.
Foreign splegeleisen is strong at SS6a'
20 80 for 20 per cent and about Sl5 Tor 30
,rt cent. III this commodity upwards
10000 tons have been sold sinCs tile
iitsL II the month. Rerr0'nlanganese so
prr cent, ia relatively, even higher
stock for shipment Us far ahead rs Feb
uary cannot be bought at under sos;
,aIcs OF 200 tons for MISUNDERSTANDING
.hipment were made at 500 and q car.
toad brought $l05 on the spot.
Old iran Is stronger and In rather bet
ter demand. A lot OF about 800 tons tee
rails Win said 10 lave b.cn sold AZ S27 rs
t. o. b.. cars At jersey City Gnd $27 %
wis bid for further moderate sized lots.
Holders want upwards Of $24 for No.
FiUipllt scrap iron and are very indit'
sellers.
lIu sttel rail situation il unchanged
Mill agents assert in unqualified tcrms
they will not accept orders at prices
$50 at the works, and have turned
away orders within u leW days for about
10000 tons thut could have been taken
At 4 slight co CCssiUn. Outside lots are
becoming scarcer, but il Is probable that
. lew moderate sized purchases might
yet be made on tho basis Of $34 at East.
Drn mills from second hands. Dilleis,
slabs, rods aud other forms OF steel are
strong at the advanced prices established
,arly In tho week.