Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-12-13
HIT THE BULL'S-EYE.
Some of Long & Co.'s Iron Brought
Outside Prices at Sheriff'S Sale.
ATTENDANCE AND BIDDING GOOD.
Over SS5, 900 Worth Sold in Broken Lots in
Less Than Five Hours.
A BID ON $50 TONS OF BAR REFUSED

The attendance at the sale of Long & Co. s
stock at CHARTERS by the Sheriff yesterday
was large and the competition spirited.
Had there been disposition to allow a
slaughter all the stuff might have been
closed out in short time, but Attorney W.
f. McCook constantly consulted Mr.. Long
as to prices, and when they did not suit he
called halt. Assignee McKelvey was also
on hand locking after the interests of the
Lawrence Bank. and kept close watch on
the proceedings. There were some
passages at arms between Mr.. Nc
Cook and some of the bidders,
be insinuaing rather broadly at times that
there might be combination among them
to keep down prices. There were some
bargains gotten in odd lots of scrap, but on
the whole good prices were realized, many
bidders seeming determined to have stock
so long as they could get it at a price that,
freight added, would lay it down at their
works. Itwss stated that pig iron sold at
an average of $17 O5 per ton.
BIG FIRMS AS BUYERS.
The first lot Of pig, all ore, was knocked
down to A, NJ. Byers & Co., at S17 55,
500 tons of cinder, Girard, Isabella and
Soho. ]. n. Clemens took some Republic
ore at Sc so, and J. W. Friend a lot at 81,
loaded on cars. Mr.. Friend, who was buy
ing for the Clinton Iron and Steel Company,
went for muck iron by bidding $50 first
Jump for it, and then Byers & Co. got some
at the same price. Friend got 40 tons fag-
gots at $27 so. J. B. Jones & Bro. got 20
tons horseshoes, old, at 81 80 per ton.
Friend took lot Of Silica fire brick at SIS,
and lot of common at various prices, the
whole being considered cheap. Klein, Lo-
gan & Co. took pile of pick iron at 7-10
cents.
A rush was made to take in $50 ton lot
of merchant bar iron of various sizes, but it
dragged more heavily than anything else
offered. There was considerable growing
among bidders because they were not al
lowed to bid for the sizes they wanted and
several who wanted certain sizes refused to
bid at all. 1t was finally held over until
next Tuesday on an offer of 81 75 per cwt.
1t was said there was some $50 iron in the
lot.
BARGAINS IN MOTIVE POWER.
The fun began when four mules were
offered. They we're bargains for anyone who
wanted that kind OF motive power, and
would have brought more if offered on
v
standing 16 hands high, said to be years
old and able to draw three tons, was sold to
Mr.. McChesney for SS5, and the rest went
at SIS, SO and So, respectively. These
were somewhat sway-backed, knock-kneed,
and with cornice on their .hoofs, but very
serviceable animals, nevertheless. A big
bav mare went for SIG and six sets of heavy
harness, a wagon saddle and two carts, were
all sold for $50, giving rise to the suspicion
that they were bought in.
After the refusal to let the bar iron 60, the
sale lost its interest for a considerable num-
Der of bidders, but some brokers and scrap
iron dealers remained and a lot of old pipe,
a blower, two barrels of mill grease, pile
of coal, 100 finished and some unfinished car
axles, small pile of turnings, a lot.of rails
and CRATE bars, pillow points. old boiler plate,
pine framing timber, muck scrap, etc., were
sold. A pile of hook iron was held over on a
bid of S23 so; muck scrap brought S25 so,
turniugE 1zc and the finished car axles 81 80
per cWt.
RECEIPTS WERE SATISFACTORY,
The parties in charge Of the sale expressed
themselves well pleased with results. There
was a fair sprinkling of lawyers present
who sawed wood and said nothing, but were
supposed to carry judgments in their
breechaloons' pockets.
The remainder OF the stock Will be oHered
next Tuesday. Mr.. McCook gave notice
that it would be we'll for buyers to get their
stuff of the ground before January g. as the
Dollar Savings Bank will take shy at the
mill on that date, and he would not under
take to state, before seeing Mr. Guthrie
what grace the bank might be disposed to
allow yesterdays buyers.
Meantime some hollow-eyed people in
Charters disconsolately ask all whom they
think may have inside information, what
the prospect of rehabilitation is. These
people will suffer more from the stopping of
the mill than will the owners.