Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-31
BARREN OF CHANGE.
The Situation in the American Pig
Iron Mart Practically
THE SANE AS OUTLINEDLAST WEEK
Prices for the Finest Grades of Foundry
Continue Firm.
METAL MARKETS ON THE OTHER SIDE
rrrc1AL 4rLEeRAx TO THE DrsrArcH..

rrKc1AL TELEGRAM TO THE DIsFATcH.;
NEW YORK, October 30.-The Iron Age
in its issue of to-day quotes the American
metal market as follows:
American pig iroH-The situation is
practically the same as outlined last week.
To all accounts the deliveries of high grade
foundry iron continue to closely absorb the
current output of popular brands, Northern
and Southern, and prices for this class OF
material are, therefore. practically firm. As
an instance of the character OF the move
ment statistics of a prominent Lehigh
Company are cited, showing for the week
ending October 25 deliveries OF
no less than .277 tons against an out put of
$500 tons. This is doubtless an exceptional
exhibit, but it may be remarked that the
offerings of other popular Northern brands
are by no means heavy and that deliveries
of certain Southern makes that stand well
with consumers in this section are not free. OF
No. Q foundry the supply is ample, however,
although apparently not burdensome, and
there is sufficient mill iron to go round.
For the week under review no changes in
values are to be recorded. We quote sl7 5O@ls
for No. and Sl61l6 80 for No. foundry, good
Northern brands; Sl7Gll7 so for No. l. Sl69l6 90
for No. 2. and ia 750Sl5 25 for No. 8 Southern.
Spiegeleisen and ferro manganese-The de-
preston in the market for steel productions
operates to restrain business momentariIy. and
the market is in a rather unsettled condition for
the time beng. A lot of 20 per cent German
spiegel has been taken at $50 but popular ED;
glish brands are quoted at SSl 90 upward. and
SSl is considered very close value Ot 80 per
cent fer-o small sales at S6S 5Od69 90 at tide
,S,,Ta 20 haIoE the General ouofatons
Steel rails-Tne meeting of manufacturers
on the 22d instant, it is learned did not termin-
ate in manner eondrcive to general good feel
7 ing To the contrary, 1t would seem that the
gathering reflected a degree of Independence
Incompatible with the aims of association -
In any event, the developments on the market
since the meeting show very conclusively that
there is no uniformity of action at the present
time either as regards distribution of business
OF maintaining prices; the few particulars
diyulged as TO action at the meeting and re-
gard1ng subsequent transactions indicate that
Individual concerns are free to do as they
lease. One Eastern company is reported to
have taken an order for 5000 tons e0-pound Sec
ton, this years delivery, at S3l, landed at
Charleston. Other transactions involving
total of about Is 000 tons have taken place, on
which the terms were not above the basis Of SO
al mill Several lots of light rails have been
closed Tor at prices on the basis of $50 for
standard sections.
Steel billets-Eastern mill prices are nomi-
nally S29 5aGl30 CO.. and sales at those figures
are slow, while Western PENNSYLVANIA con-
Germs are represented as being willing sellers at
SIS at works. Steel wire rods-Prices as low as
CAV VV87V 0O are Saiu 10 nave been accepted In
western pennsylvania, and $40 5094S 90 are
named as full figures in quarters further East.
Rail fastenings-There is considerable ir-
regularity in this line and lots from second
hands are selling at a round concession from
manufacturers prices. Spikes have been sold
at &c, steel plates at soc. iron plates at L95c,
and bolts and hexagon nuts at 275c, all New
York r-i- ery.
Old rsils-There has been very little business
here an the demand Is slow, with offers rarely
above SIS for tees. About SIS 50626 10 on cars
appears 10 be fall value at the moment
Scrap iron-For wrought scrap there is little
demand and prices are uncertain. with S2l OO6D
II o0 T. o. b. cas-, apparently all that No.
would bring.