Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-18
SCARCELY A FACTOR.
SOUTHERN PIG IRON NOT ENTERING INTO
LOCAL WORK.

NOT Entirely Suitable 20 the Needs OF FITS.
burg Manufacturers - Rates from the
south ms Compared with Those from
Othor Points.
ssThe importation OF Southern pig iron to
Pittsburg and Western Pennsylvania In
general Is matter that occupies the atten-
tion of iron manufacturers and brokers to
comparatively small degree. This is so In the
case Of mill and foundry iron, and especially
in the case OF Bessemer grades, which 1850
unsuitable to the use of Pittsburg manu-
facturers that 1t is not factor IN
competition with the local product
all When the Pennsylvania company. % ANY.
after reducing the rates on Southern iron. our our.
ing several years, deemed IL advisable 70 again
raise them, the matter did not 30 AFFECT eitnes n
local manufacturers or Southern makers OF tne
commodity as the increase In the rate "ouiu
seem to hint
'The proportion of Southern iron coming I.g
into this section over the Pennsylvanla anu i.s
that hauled over the Western lines. including
the New York, Pennsylvania and ONO hali,
way from Cincinnati and the Pitt,sDurg anu ~
Lake Erie from f9unEsttown, ts tne ine'"pessd i've And
thence over the Ohio River Railway tracks 70
Pittsbufg, and the Baltimore and OHIO. lnese i.s
are declared TO be the natural sh iS,a fSn'es ssctoa
of the country, the Eastern supply being de.
ilyersd over Che Pennsyivania and Reading
hfbe point of output of the bulk Of Southern
iron II west Of Chattanooga, and II is olaiinsd s
10 be more natural TO ship 70 Cinoinhatl " tne
Queen and Crescent route than by ths Bastefh
lines"
This ID bow one lof the best.kBown Iron and
steel brokers of the city Yesterday spoke 0f
the status OF the roads concerned N handling
% "fGs day s'G Sas gone i by when lbs PsnhsyIyania
COMPANY hAn ARb whAt theif Uwn ~ either s1iiis
pBhlts shall DO IN lhs inhttsf Df hslhk rates,
The Increase ~ southern Iron rates made Wy
I6egai rates Ind wIlj nct sppIy 10 tEioagDi sbp.
Behth Neaiiy. Ail e0uilisfh freight 'ipf this
section egmes thlqagh uiieiynati, fis freight
land valleys, belhg reloaded f0f tbe Hast All
Tie Ih0Hthsfh lf8R IA made south and west
~ ghatlaieefh, fhd ths natural route NJ de-
IysIy wehla be hy way o. CINCINNATI NsIy
efh lf8B HhglHH better market " thH East
AMI b. Louis way than here Neither "a there
so mngh southern lf9n coming here now ~
last fall This IA dHe 70 the fact that 10 u HHs
suitable for the particular grades mahnfae+
'5Ths largest stock Of pig iron ever in hand
y sns r. VIZ shs soos e hs
dseiihs until November 80 when it
had been reduced 60 JUG ooo Iohsi
the present time, the stock on hand at the lst of
the month being about 100000 tons, No uni
form opinion exists among iron men as to the
fall prospects, Some have closed contracts at
current rates, while others will not sell ahead,
The prospects are good for an increase In
prices, and ! shall expect Bessemer grades to
reach $40 The profits on manufacture are very
little more than last year. Pig iron sells for
from SO so to 90 per ton more this year than
last, while the cost of manufacture is greater
now by So 80 to 81 70 per ton than last year.
This is due to the increased cost Of coke and
new ore. The demand for pig iron in the West
is greatly on the increase. l was speaking
lately with the representative Of a Chicago
jobbng house which does an s.. 1000, 600 year
business, and he said that their trade was from
twice to three times greater now than last
year. I anticipate a great improvement IN
prices up along in the fall"