Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-10
A LOWER LEVEL OF PRICES
On Pig Iron Warrants Reported From the
Foreign Markets.


-FrECfAL TELEGRAM TO THE DISPATCH.
NEW YORK, October 9.-The Iron Age to-day
quotes the British iron and metal markets as
follows from London: In pig iron warrants
there has been some irregularity, with rather
lower level of prices all along the line under
the influence of realizations. but stronger
feeling manifested the past few days, and re-
action in prices TO SIS Sd for Scotch, 49s for
Cleveland and els for hematites There is at pres
ent feeling that prices must GO higher as the
dampenlnC of furnaces cuts off about 20 600
tons in the weekly output. while stocks in war
rant ores are rapidly diminishing under the
demands made from home trade and for export
business Shipments are running quite large.
However, prices move very irregularly and
business was dnne TODAY at SIS. Sd. 95ls. I'D.
for Scotch, and ASS. @4Ss- 6d. for Cleve-
land. Prices for block have moved about
IN z rather erratic way. dropping somewhat
under the influence of realizing by holders of
cash lots and reports of heavier shipments
from the straits which increases the visible
supply and reacunC upon evidence of less
pressure to sell. With stocks down TO the
present level the bulls" could doubtless force
prices higher but the scarcity is relieved some
what by impOrtatiOns from the Dutch market
which, while not greatly affecting the position,
have some bearing at the present time. 1t is
thought that he effect of scarcity will be felt
for some time to come.
The market for copper has been irregular,
merchant bar prompts reactlng sharply from
decline to f09 5S, but settling back again to $50
in the face OF apparent confidence the part
of largest holders in still higher prices than
have yet been reached. Arrivals from America
have been small, and the Chill charters the last
half OF last month were only 200 tons. New
supplies il is believed will continue to run
below the consumption and the future course
of prices would appear to depend in good
degree upon the receipts from the United
States The tin plate market is very firm and
prices are again higher up TO LIS being quoted
for ordinary cokes which are chiefly in demand.
Makers express indifference with regard to the
provisions of the new tariff bill as affecting
business in the immediate future. At the
Gorseenon Works the plant is being doubled.
American Manufacturers Cable Quotations
Scotch PIg-Prices for warrants have moved
irregularly but the market is showing renewed
strength at this time and prices are up again to
52G52s. Sd. In makers brands there has been
little business and makers are not quoting at
present. The nominal prices are:
No ! Coltness -6Ss. 0d. {. o. b. Glasgow
No ! Summerlee- .61s. Cd. f. o. b. Glasgow
Gartsherrie ......6 6js. 0d. {. o. b. Glasgow
No. langlOan. ........6 .61S. Sd. {. o. b. Glasgow
No Carnbroe. .........57s. Cd. f. o. b. Glasgow
No. / Shots. ..G5s. Od 4. o. b. Glasgow
No GlengamOck. -. .Gzs. Cd. at Ardrossan-
No Dalmelington ..5Is. Cd. at Ardrossan.
No. EClInton. .j3S. cd. at ArdrOSSan.
Bessemer PIg-The market has been some
what unsettled by che movement of warrants
which have been as high as 6lS., and makers
quite West Coast brands Nos. ], z 3, quoted
a. 6ls. f. O. q. shipping point.
Mlddleshrough Plg-m warrants there has
been an irregular movement, but the tendency
Is now towards higher prices, and the market
for makers iron is strong. with 50S Gl50s. 3D.
quoted for No. Middlesbrough, free on board
iegeleisen-There is a very good demand
and the market i firm with makers prices %
Cd. up, English 20 per cent quoted at los Sd
{. o. b. at works.
Steel Wire Rods-The market is quiet. but
makers hold firmly at former prices. Mild |
steel, No. D. quoted at 9S Us. Cd. f. O. b. ship
ping port
STEEL RAILS UNCHANGED.
Steel Rails-No change in prices has taken
place, but the market is firm and the de-
mand good. Heavy sections quoted at f5 IS, f. |
o. b. shipping point.
Steel Blooms-There has been quite a good |
trade and prices are firm. Bessemer 7x7 quoted |
"a lSs. Sd f. o. b.shipping point
Steel Biltets-More demand is reported and |
the market is frmer but prices are no higher. |
Bessemer tsze 21ax21) quoted at f5 +. o. b. ship
ping point.
Steel slabs-Prices remain as before, and |
the market is very firm. Ordinary sizes quoted |
at - l. o. b. shipping point |
crop Euds-Ihe position remains unchanged, |
except hat sellers look for higher prices. Run /
OF the MIL quoted at f3 Is. 6d.@f3 5s. f. o. b. |
Old Iron Rails-Holders are very firm and |
the demand shows Improvement Tees quoted |
at t3 os. and double heads at f3 Is I'd QE3 |
los. f. o. b.
Scrap Iron-A fair business has been done
and prices are firm. Heavy wrought quoted
a. L -, ou. l. o. o. shipping points.
Manufactured Iron-Prices are d 6d biober
on black sheets and Welsh bars: otherwise no
charge, but the market firm and fairly active
Stafford. ord. marked bars.
4 If. o. b. Lpool). .......,.sO Os ndM O ne M
common bars. Is 6d@ IS Cd
black sheet singles Os Odt3 & 2s "a
Welsh bars, f. o. b. Wales 6 rs 6dn 10s M
steamer Frelghts-Glasgow to New York
Is. Cd. Liverpool to New York los Cd.
TIN, COPPER AND LEAD.
Pig TiD-Prlces went to as high as sIo4 SIS. for
prompts. but there has since been a reaction
The market is quiet at present and showing ir
regular undertone. Straits quoted at slol for
spot; futures % months), s99.
Copper-Prices have again ruled irregular
under the influence OF speculative operations
and the market is rather unsettled at present |
but moderately active. Chill bars quoted f5e
los. for spot, $50 tor future delivery Best se. |
Iected English, s67.
Lead-There has been a further advance
under the influence Of foreign demand, and the