Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-11
WIRE RODS GOING UP
This is About the Only New Feature
in the Metal Situation.
THE PIG IRON MARKET VERY DULL.
Steel Rails Are Still in Moderate Demand
at Firm Figures.
THE PIG IRON MARKET VERY DULL.
STATE OF TRADE OVER THE ATLANTIC
nrrcrGL TELEGRAM TO rHH srAroH..

TFEcIAL TELEGRAM TO THR DISPATCH.
NEW YORK, July 10.-Iron Age, in its
issue to-day, quotes the following: American
Pig-The market has been dull, the only
news Of any interest being that the Southern
coal operators have reached an understand
ing with their men, which puts an end to
the incipient strike. Among the sales noted
during the week is one lot of 1000 tons OF
charcoal iron, for delivery in this section, on
the basis of Sl9 So Buffalo. We quote No.
Northern iron Sl7 5O9lS so; No. 2, SIC 006l7 90,
and Southern iron No. ], SlT OOGl7 %; No.
soft. SIG SCALE rs, and No. . SIG O0@l6 Is.
Spiegelisen and Ferro Manganese-We hear
of no transactions whatever there being no de-
mand and no pIessure to sell. We quote 20 per
cent spiegel uominally at $50 O0GS0 so. and
ferro So 5O675 90.
Wire Rods-The domestic market is in q
peculiar condition owing to the temporarily
shortened supply. We understand that the
Beaver Falls mill is closed down through the
breaking of the engine bed plate. Iowa barb is
idle on account of a strike The American. at
Cleveland. is making some changes IN lts con-
tinuous train, oliver is rarely seller OF roos:
and the heat is curtailing the production OF
Joliet Anderson and New Castle. Inc res1it
is that rods are reported to he held stify at S44
atsWestern mills while the last quotation OF an
Eastern mill was S45 at sellers works. There
are two reasons however, why squeeze is NOT
likely to occur. Some of the wire mills viii
probably prefer to close down rather than pay
advance d prices; and secondly, foreign rods are
available. Foreign rods are openly quoted al
$46 although some importers claim that they
cannot be done better than S47 5044S 90 on the
basis of lbs marks at shipping port for German
basic Still we have good evidence that even
SAC would be very materially shaded by I'M
porters on bona fide business. Present prices,
therefore will give the importers the toe
water market
Steel Rails-In the East the market is very
quiet, the LARGEST sale reported being block OF
5000 tons. For early delivery orders are olin-
cult to place, and as high as So has been palo
for moderate sized lots. For round blocks,
early fall delivery, S5l@3l 50 is fair quotation,
although at least one mill Is reported 20 De
holding at S32 As the mill in question is
pretty full however, the quotation has no sig
nifcance except as the basls'of oracular state
ments in the = wspapers.
Structural Material-No very large contracts
have been placed during the week. As an in
teresting transaction we may note the taxing
of a contract by local firm of all the struc-
tural work and all the sha1ting for large
cotton mill in Brazil. We quote: 2.l5Q2.2Oc for
plates 2l562. .25c for angles, 25q3.6c for trees
and 3lc for beams and channels
Old d.ils-This market has been very quiet,
no sales of any consequence having been re-
ever, at S24 5Od25 nominally. Old wheels are
nominally SlSGlS 90. Track 1astenings-The
market for spikes is firmer, owing TO the ad-
vance in raw material, and S2G2 10 delivered is
now a low quotation, the majority of sellers
holding at or above the higher quotation. Fish
plate remain L75@L90c and bolts and nuts 2Si
I3c, delivered.