Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-27
NOW CUTTING PRICES.
A Noticeable Weakness Developing
in the Pig Iron Market.
STEEL RAILS QUIET BUT STEADY.
A Little Investigation of the Belgian Beam
Question.
TIE SITUATION ACROSS THE WATER
ESPECIAL TELEGRAM TO THE prsrArcH.l

ESPECIAL TELEcRAM TO THE DTsPArCH.l
NEW YORK, June 26.-The Iron Age in
its issue to-day gives the following:
American pig-While the volume of bus
iness continues moderate, there are indica-
tious Of weakness both at this point and at
others. Thus we hear of offers to sell forge
iron on the part of Southern producers on
the basis of SO so at Birmingham, where
$11 is the usual quotation. Northern FUR
naces, too, are making concessions, notably on
No. 2 which has sold at SIG and has Deen
offered for less, delivering 1t TO this port We
quote No. Northern iron, Sl7 509lS so; No. 2,
Sl6GI7 and Southern iron No. ]. Sl7@I7 So; No.
soft, SIG 50Gl6 70. and No. 2. sl6Gl6 25
Spiegelisen and ferro-manganese - There
have been no transactions. 1t is urged by i'm
porters that the English production is light,
only works on the east coast, on the west
coast and in Wales being producers for the
open market. 1t is claimed that they are hold
ing firm at 956l0Os; still other importers quote
the market $50 50I3l for % per cent spiegel;
ferro is So 50@75. the former for extended de-
livery.
BilIets-The market is dull, the leading buy
ers holding of. We quote SSl 5OQS2 at sellers
mill.
Rods-outside of lot of 500 tons of soft
rods no business is reported. We quote nomi-
nally, S42@43 at sellers mill
Steel Rails-The market has been very quiet,
the only sales of any consequence reported be-
ing 5000 tons to a Southern road by an Eastern
mill. for Alexandria delivery, at private terms.
and lot of 1900 tons by Western mill,
Louisville delivery. Inquiries are mod
crate in amount They have included
only few for all delivery and in one case, at
least, called for delivery into next year. on
which the mills show no disposition to quote.
The market is steady at S3l 00G3l so for mod
crate sized lots summer delivery, and lower
prices could only be obtained from Eastern
mills under specially advantageous circum-.
stances. 1t is reported that the Sparks order
of upward of 200 tons, long pending. has oeen
closed, the Eastern mill referred to in connec-
tion with it taking the business,
Structural notwithstanding again to the
question of foreign beams. we tnd in the last
werp to l0-inch broad fange beams quoted f6
IS per ton of 2240 pounds, fob. Antwerp. with
Is extra for special export quality 20 tons ten
sile strain) Placing the freight II las the cost,
exclusive of insurance charges profits, etc,
but inclusive of duty, could be 2S2c ex-shtp
New York. Werepeat that this refers to Belgian
beams. the sections of which have found
favor with American builders, architects
and engineers. Among the larger transactions
closed by Eastern mills is the Burlington
bridge, calling for about 4 600 tons. One or two
large buildings have also have been taken, in
one case, at least. partially. We quote: 2l5@
22Oc for plates. 2l5D225c tor angles, 25G26c
for tees and S.lc for beams and channels.
Fastenings-The Erie order for 1000 fish
plates was taken by PennSylvania mill at
Loo delivered Jersey City. We quote angles
lS0@l.90c, delivered; spikes, 81 O592 10. and
bolts and nuts 2S59Sc.
Old rails-The market has been quite active
Sales are reported of 1000 tons American 1000
tons foreign, in three blocks, on the ba-is of
s24 so, ex-ship, and 500 tons double heads at SIS
ex ship. We note also sale of 800 tons of old
steel rails to a Western mill at the reported
price OF 81 on the line Of the road.