Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-19
DECREASE OF STOCKS.
New York Pig Iron Market Con-
trolled by Northern Furnaces.
SOUTHERN PRICES NOW so HIGH
That the Home Article is Preferred Be-
Cause of the Quality.
ASHARP ADVANCE ACROSS THE WATER
SPECIAL TELEGRAM TO THE prsphrcH

~
NEW YORK. September 1S.-The Iron
Age quotes the metal markets as follows:
The New York market is practically in the
control of the Northern furnaces, the
Southern companies generally asking prices
for foundry grades which are higher than
well-known brands OF Northern iron equiva-
lent or superior in quality. From The
West comes the report that stocks on Sep
tember l were $4,000 tons lower than on
August l. This, however, is largely due to
the falling off in the supply on hand of a
large plant. Still, the report shows that the
current consumption was capable of coping
with production in spite of the drawbacks
caused by the hot weather of August We
continue to quote Sl7GlS for No l. and Sl6 0O@
l6 50 for No. foundry, good Northern brands.
while Southern irons are selling at SlT O0Gl7 %
for No. l. SIC O09l6 25 for No. 3 and Sl4 754l5 25
for No. s. Southern car wheel iron is quoted
$50 5O62l 90 for Nos. g. and 5 and Sl9 50@2O 90
for Nos. ! and 2 delivered.
Spiegeleisen and Ferro-The market is ex-
ceedingly uull, with only occasional small trans
actions in ferro declining prices. We quote
20 per cent spiegeleisen S30630 So and 81 per
cent ferro, S69G70.
Wire Rods-There is no chance of doing any
business in foreign rods, while domestic rods
are selling in moderate way at S4S 50944 at
sellers mill
BIllets-There have been rumors that one of
the leading Eastern mills has been cutting the
market considerable under the parity of prices
in the Vest, which is $50 50Q32
Swedish Material-The market shows de-
clinlng tendency. We quote rivet rods $50 50@
64 co. according TO time of delivery.
Steel Rails-So far as the Eastern mills are
concerned, the market has been exceedingly
quiet and the outlook is regarded as some
what unsatisfactory. Orders are coming in
very slowly, and in quiet way are being
sharply competed tor 1t is acknowledged that
$50 has been done, and it is believed that
price even lower than that has been accepted
The report of the Board of Control shows quite
4 satisfactory volume of business the deliv-
cries up to september having been 942.S .SS4
gross tons, while the sales for 1890 delivery are
reported at l.35S. 9G4 gross tons. The 5000 ton
Union Pacific order has been postponed.
Manufactured Iron and Steel-PlaIes con-
tinue very active, there having been a sale of
a 5OO-ton lot OF iron tank plates at 2.25c. and a
lot OF 500 tons of steel tank at private terms
Steel tank is now quoted. 2 60c: shell. 2659
2S5c; fanGe, S.05c, and fire box, 425c. Wrough5
finished steel shafting is quoted. 2l0Q220c at
MILL and machinery steel 2l0c base. at mill.
Old Rails-The market is very quiet buyers
not being willing to pay the prices now gener-
ally asked, SIS 50026 90 for tees. Importers
cannot do anything for Western delivery. be-
cause 1t is too risky to attempt TO ship by
canal.
Scrap-We note two sales of 5OO.ton lots of
prime selected railroad scrap at private terms.