Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-25
IRREGULAR IRON MARKETS,
With Speculation on n Larger Scale, the
Main Features In England.

ESPECIAL TELEGRAM TO THE DIsPATCH.i
NEW YORK April 2i.-The Iron Age prints
the following special cable from London:
The market for pig iron has continued irreg-
ular, but speculative operations have been on
a rather larger scale. Cleveland warrants have
fallen to a level with Scotch again. Both sold
Tuesday at 40s 3D. reactng to 45s Sd and ASS Id
spectlvely, at the close. Hematites dropped to
SIS lin the face of reports that another meeting
of West Coast smelters has been held at which
it was agreed to damp more furnaces, and
despite the fact that shipments are large and
stocks decreasing under the influence of the
same and reduced make, confidence seems to
be entirely absent as matter of fact and little
interest is manifested except on the part
of sellers operating on the bear"
side. There was business to-day at 44s Sd
for Scotch, AS I'd for Cleveland and
53s I'd for Hematites. Makers prices are again
lower all along the line. and reduced quota
tions are given also on old material and nearly
all descriptions of STEEL The tin plate mark ct
has continued very much depressed. Makers
have freely quoted lbs Cd for ordinary cokes
and buyers only offer l2S Cd for large lots Only
a portion of the mills are running. but unless
buying improves many Will soon have to be
worked on plates for stock or stop running
altogether. Operations have been resumed in
five mills of the Abercarne works. For block
tin there has been better speculative demand
based chiefly upon belief that shipments from
the East will be smaller Easier money rates
also contributed to freer operations. Prices
have shown e IS I'd advance from the lowest
point of last week. Tuesdays operations
showed less active interest on the part OF
buyers, and prices receded to s99 IS at the close
for spot.
To-day the market was barely steady, with
business at $50 Is. I'd. Copper warrants are be-
coming scarcer as the French stock are still
held firmly for CSC. Other sellers have offered
more freely at intervals. but there is little out
side speculative demand. The India demand
which has laid dormant for long while is be-
ginning to revive somewhat, and there is at
present fair business in that direction. Re-
cent transactions in furnace material include a
matte on private terms and l95 tons Montana
matte at los to arrive. The Rio Tinto Com
pany has declared dividend of los per share
and carried forward sI520 000 The company's
business in refined manufactured productions
was reported as moderate. In Liverpool it is
rumored that the heavy decline in prices for
iron and steel has caused such serious losses to
merchants and manufacturers that several
firms will probably have to 60 the wall. The
Wednesfield Galvanized Iron Company have
ceased work owing to financial difficulties.
Joseph Bull g. Snn. North Staffordshire it is
reported, are unable to carry out their con-
tracts and private meeting of creditors has
been called. Il is also announced that Shelf
field iron and coke merchant is in difficulties
and found it necessary to confer with his
creditors.
American Manufacturers Cable Quotations.l
Scotch Pig-There has been further drop in
warrants. Business was done at AS. 3d., and