Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-01-30
NEVER BEEN BETTER.
That is What the Iron Age Says of the
Spring Trade Outlook.
THE SLY CUT IN PRICES OF NAILS.
A Remarkable Range of From $17 50 to $23
in Bessemer Iron.
PIPES, RAILS AND TRACK SUPPLIES
ESPECIAL rE1EeH.M TO THE D1sPArCH.l

ESPECIAL TELEGRAM TO THE DIsPATCH.l
New YORK, January 29.-The Iron Age
of tomorrow will say: Last week the iron
market developed a more cheerful feeling,
and the outlook for spring trade has never
been better. In pig iron brokers and furnace
agents continue to report trade as being
quiet; but they look for an improved de-
mand within the next week or two; they
argue, as consumers generally have been
buying sparingly of late, that stocks are be-
ing reduced and will soon have to be re-
plenished.
Prices remain unchanged, with the e1-
ception OF Bessemer, which is lower. There
were some lots of Bessemer in second hands,
which owners were anxious to dispose Of;
these have been sold, and there is no reason
but to believe that the market will move
steadily upward again. One lot of this Besse-
mer iron, which was purchased some months
ago in the Mahoning Valley by Eastern specu-
lators, is reported to have been sold 10 a Wheel
ing consumer at S23, delivered at Wheeling.
Some Eastern forge iron has been on the mar
ket at Pittsburg the past week at Sl7 20; but we
understand there was none of it sold. Con-
know little about, and prefer paying more for
irons which they have been using and are
familiar with. We quote prices as follows:
What the Figures show.
Neutral gray forge, slSGls so cash; all ore
mill, Sl992O cash; white and mottled, Sl7@l7 80
cash; No / foundry, SO 5O@2l cash; No.
foundry, Sl9GI9 so cash; No. l charcoal foun-
dry, S24G25 cash; No. charcoal foundry, S229
% cash; cold blast charcoal, S25@SO cash: Bes-
semer iron, s23@28 50 cash.
Sales of gray forge iron reported at SlS@l8 %
ais 50 cash; all ore do. at Sl9 cash; no sales of
Bessemer reported and quotations are nominal;
there is not much doubt but that it could be
bought at S2S so cash, and some of the best in
formed think bid of S28 would be entertained.
Muck bar continues very dull. but the mar
ket is weak in consequence. We now quote at
$50, $50 50 and SSl, according to quality, de-
livery, etc.
Mauganese-Sales of so per cent ferro-man-
ganese are reported all the way from 500 to
Sos A good many consumers continue to buy
in small quantities in anticipation of break
in the market
Very Promising Outlook.
Manufactured Iron-The outlook for an act
i've spring trade never was better, and our man.
ufacturers are in good spirits. We continue to
quote bars at l.90c to &c; plate irons, 250c to
260c; No. "A sheet, 9,lOc; skelp iron, l90c to
L95c for groved, and 2 zoe to 29Oc for sheared.
Nails-Cut nails remain unchanged at 81 so.
so days; per cent off for cash in car lots and
wire nails at 81 S502 90 rates. Manufacturers
say there have been very few sales since the Ie-
cent advance, and they are led to believe that
someone whether the manufacturer or job
ber) is selling below the card. There is still
good deal of rivalry between cut and wire nail
makers and II is rrortbv of rnapfiop ,af +bara
have been two advances made on the former
without any change being made IN the price of
the latter
The Wrought Pipe Advance.
Wrought Iron Pipe-At the regular monthly
meeting of the association in New York last
week prices were advanced about ~ per cent.
The new discounts are as follows: On black
butt Az per cent; on galvanized do ct al 40 per
cent; on black lap, 80 per cent; on galvanized
do ct al AZ per cent; boiler tubes l3<-inch and
smaller, As per cent; to 4-inch 50 per cent;
4-inch and larger, 5231 per cent casing, 521f per
cent of.
Old Rai1s-Very quiet in this line, and we |
quote nominally at SIS 5o@29 90. There is a |
continued demand for old steel rails, and very |
few are to be had. The market West has been |
cleared We continue to quote at S24e124 80
Structural Irun-No change from last weeks |
quotations.
Rods, BiIIets, Blooms and Rails.
Wire Rods-Donestic are reported easier,
and we now quote at $50 452 so.
Billets and Blooms-There is a good demand |
but prices are easier in sympathy with Bes- |
semer pig. We now quote Bessemer steel |
bilets at S36 5OG37.
Steel Rails-St1ll quotable at $685. cash on |
cars at works, and small sale reported at
SS5 25
Railway Track Supplies-The demand for
everything in this line continues light, as it
usually is at this season of the year; but an i'm
provement is looked for before long. Prices |
remain unchanged. Spikes 81 Is, 80 days on
cars here, and g Is at Chicago and st. Louis.