The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-08-04
Tilt lroy TRADE.
Detter Prices frsvail-Tho Market In q
Satisfactory Condition.

letter Prices Prsvntl-Tho Market In q
Satisfactory Condition.
Philadelphia Record, Auyust2.
Although the volume Of businesa in
crude and finished iron has diminished
considerably during the last few weeks,
II 10 still large for this season Of tho year
and prices are very much better, from
tho point Of view Of the manufacturer,
than they were n year ago. The mar.
ket 10 generally considered to DO ID a
very healthy condition and iron men arc
pretty well satisled with the present 20.
sltion OF the trade and tho outlook for
the fall and winter. There is TIC cxpccta.
ton VI any apprcciable increase In the
demands during the present mouth, but
there Is no fear that tho consumption
will not take care OF all the output at the
present rate OF production, and thus pro.
vent any accumulation OF unsold stocks.
Finished iron aud steel are more active
at present than pig iron, owing to tho
idleness OF some OF the mills; but, al.
though pig iron does not show any laige
volume Of business, tho market Is very
strong and prices arc very firmly held at
all the iron centres. There Is n Butllc.
lent supply OF most grades OF pig iron to |
enable orders for quick delivery 10 DO
hlled without difficulty, but the dis
inclination OF furnaces men to book
orders at present prices for delivery
two or three months from now Is n good
indication Of tho reliance they place in
the future. Tho past few weeks have
cleared tho market Of its irregularities,
aud there Is scarcely anything left In the
way of exceptionally low.priced iron.
The only offerings at presentare the reg.
ular grades OF pig iron at firm prices.
For Pennsylvania pig iron the quota.
tons still remain without change at SIS
to SIS so for No. | foundry: SIT for No.
. foundry and $l5 % TO SIS so Tor gray
forge. Southern iron is less Of a factor
In this market than 1t was a few months
ago, as the bulk OF the product Of South
crn furnaces are now being sold in the
West. 1t Is reported that the Southern
transportation lines have retaliated for
the advance IN Southern freights on pie
lion by reducing the charges upon their
Of tho haul from the South, but
FAR THO has had no elect upon the
local market. The nominal quotations i
on Southern pig iron in this market are
sl7 for No. l foundry, $40 for No. . foun.
dry and Sl5 for gray forge. No transec. ,
OF any consequence In Bessemer Q
are reported, and quotations OF
$40 at furnace are therefore purely NOM I
inal. II
There is still a good inquiry for steel
rails, but the hulk OF the business now 9
is in the West, the Union Pa. !
.lic being in the market this week for 4
about 22,000 tons. At Eastern mills the )
quotations are unchanged at $32 for
small orders, while SCI represents the
price for large or especially desirable or. h
lers. i
Bar iron is in satisfactory condition. b
The demand Is large and steady, and the a
Eastern mills that arc not idle are run b
hing at their full capacity. There is y
'reat aclivityat present among the car.
and this creates a large do. CT
nand for finished iron. In the local n
prices remain firm ut 81 SIS to :.
90 for best refined iron. s
Structural material is in harmony with n
rest OF the market. There is a heavy
lemand for all shapes and prices are Z Z
maintained without concessions. Quota. i
ions are as follows for nearby delivery:
Universal plates, 2990 to go; bridge
Hates, 2.15to 225; angles, 2.l5 to 225; ~
ees, go to 20: beams and channels, .
10. Old rails are very scarce and the /
lemand is far greater than the supply. s.
n the absence Of supply iron rails are K
'omlnally worth S225 to $50 so per ton c
4 Philadelphia.