Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-21
A LlFELESS MARKET.
Dullness the Predominant Feature in
All Branches of Iron Business.
THE TRADE IN GOOD CONDITION.
A Majority of the Furnaces and Mills Have
Had Good Year.
STATE OF FOREIGN METAL MARKETS
ESPECIAL TELEGRAM TO rHE DIsPArcH.l

ESPECIAL TEL LEGRAM TO THE DIsPATcH.l
NEW YORK, November 2O.-The Iron
Age review of the iron and metal markets
for the past week is as follows:
In every line the market has been so
absolutely liteless that report must neces-
sarily be repetition of nominal quotations
The iron trade is in very sound condition.
A good many furnaces and the majority of
the mills have had very good year thus far
They have made money, a part of which
only has been put into Improvements and
extensions. The works are strong, fnan-
cially, and nothing short of general financial
disaster can hurt them seriously. 1t is feared
that many projects will now remain in abey-
ance, and that a good deal of work for town
improvements, railroad extension and railroad
equipments will not come out for months.
American Pig-While generally speaking,
only moderate amount OF business has been
done, we may still note that some blocks OF
considerable magnitude have been placed.
Efforts to realize on warrants Still continue.
Makers of standard Northern brands are NOT,
however, pressing the market. There is some
disposition on the part OF some southern
producers to effect sales at concessions IN
price. We quote Sl7IlS for No. foundry;
ZIG OO9l6 so for No. foundry, and Slo O09lo oO
Tor gray forge, standard Northern brands. tlue-
water delivery. We quote Southern No. !,
Sl6 5OGl7 25; No. 2, SIS 75616 %. and No. 8,
Sl4 15al5 co.
splegeleisen and Ferro-manganese-No bust
ness whatever has been done In spiegel, which
we quote at $50 00GSO so nominally. Ferro may
be quoted at So OO46S OG. 1t is claimed that
the foreign markets show tendency toward
hrmness, because the closing of the Black sea
ports cuts of further ore supplies Tor the WIN
ter from Southern Russia.
Steel Rails-The market has been totally
feauureleSs The large Union Paclnc orGer
has been postponed, and it is only too likely
thar work will come out very slowly for the
mills in the association up TO November / were
! 20 GSS tons Adding the outside mills, the
total has probably reached 1,35OOOO, and
the year VII close with production of about
l5OG 600 tons of rails weighing so pounds or
more. The orders on the books to November i,
for 1890 delivery, aggregated !, ,47S.2A tons ex-
elusive of light rails No data are available
as vet for the sales for 1891 delivery. The sale
of the Allegheny Bes>emer mill is confirmed.
We quote steel rails at Eastern mill nominally
at S2> 5OdZg co.
Rail ,euinCs-The market continues very
dun. We qUO,e: Angles. l700l. 75c deliveredi
spikes, 2d2 l5c, and bolts 275d3c.
Manufactured Iron-Some interest has been
awakened in the placing at Boston of a large
order for German beams an American mill
taking only the l5-inch beams. 1t is unders ood
that these beams were purchased at about 21Oc
delivered at BUSton. We learn that the cost oil
laylng down German beams, base sizes, in this
harbOr is about 60c. So far as the large arch
question affects them less for this year. since
they have contracts for 1890 delivery at 2S0s.
II IS different matter for 1891. The importa-
uon Of beams is, however. attended with SO
many difficulties that merchants are slow to
enter the business.
Old Rails-In the absence of any business
the market is entirely nominal at S24 50625 90
for old iron rails and so 0OG2l 90 for old steel