Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-28
STEEL RAILS ACTIVE.
Pennsylvania Railroad Places Big
Orders With Pittsburg Mills.
PIG IRON MARKET UNSETTLED.
SOr.hern Furnaces Seeking Eagerly for
Business.
MERCHANT STEEL A TRIFLE WEAKER
.srrcr.L TELEGRAM TO THE prspArc1.,

-erFcIAL TELEGRAM TO THE DIsPATcH.i
New York, March 27-The Iron Age
report OF the market is as follows:
American Pig-The market has been in an
unsettled condition, and it is only within the
last day or two that encouragement has come
through an increase in the number of inquiries.
Buyers are beginning to watch closely, but as
vet do not show any disposition to buy. Occa-
sional small lots are thrown on the market for
what they will fetch, a lot of about 200 tons Of
No. foundry having been sold in this way at
81. An element of uncertainty in the
local market is the disposition which is
to be made of a block of upward of
100000 tons of pig iron, Northern and South
ern, held on speculation by leading firm in
the copper trade. 1t is being offered, but so
Tar as we can learn is not being pressed.
Southern furnaces are eagerly seeking for
business, and prices have settled down further,
SO that No. is now Quotable at Sl7 70 and SIS
delivered. Northern iron is also quotably
lower, No. foundry being SIS 5O9l9, while
there are rumors of sales at SIS. We quote No
2Northern Sl7 50GlS and gray forge sIo f0GSI'
delivered.
Scotch Pig-we quote Dalmellington at s21 so
az and Summerlee SIS, small lots being sold.
DoCKERS' STRIKE AFFECTS PRICES.
Spiegeleisen and Ferro-Manganese-Spieg
eisen is being offered at S34 for 20 per cent, but
there has been no business. Importers decline
to entertain offers by steel works of 5000 to 5000
ton blocks at $50 Ferro-manganese is quiet at
s9O695 for early delivery and SS59S for later
shipment Private cables report that the Liver
pool dock strike is not yet over.
Birets-A considerable volume of business
is reported TO have been done in a very quiet
wav among the purchases for Eastern wire
mills being one block of 6,O00 tons. The market
is regular east and west with SSl 50G32 90
far quotation at Eastern mills. Bllleis are
now unduly low, considering the price of pig
iron and the price of steel rails.
Wire ROds-We quote S49950 at sellers
works. nominally. The accident at the Beaver
Falls mill does not materially affect the sltua-
Jion, since the works were to close down any-
how in order to make extensive repairs and
improvements in anticipation of which the
management had accumulated stock since JAN
uary.
STEEL RAILS ACTIVE.
Steel Rails-The feature of the market has
been The relatively great activity IN Pittsburg.
II is reported that the Pennsylvania Railroad
has placed an order for a considerable quantity
of steel rails with the two Pttsburg mills.
Beside its share in it. one of them has down
about i. 900 tons, chiefly for the Southwest and
West Eastern mills report no sales of conse-
ouence but nearly all of the works East and
West state that they are in receipt OF a consid-
cradle number of inquiries. Some of the
Eastern mills decline to mark the low quota
Cons occasionally made. We quote S5oQ50 ou
Structural Materlal-Bridge builders re-
ported 10 be very eager for work and prices for |
this class of iron and steel continue very low. |
For architectural work only moderate cur |
rent business is heing done. Architects are be- |
ginning to send out specifications. and the |
promise for the future is good We quote |
angles 2l56225c; tees. 265G275c, and beams |
and channels Bic on dock.
WEAKNESS IN MERCHANT STEEL.
Plates-we quote steel shell 27@29c; iange, |
2S5G8l4c, and tank. 245@2.5c delivered.
Merchant Steel-Tbe first indications of |
weakness in this line have come from the West. |
We quote: Machinery. 2S5924c; tire, 2S5@24c, |
ard toe calk, 24G25c.
Fastenings-The market is very quiet and in /
BUYERS favor. We quote: Spikes, 81 1922 20; |
bolts and square nuts, 29G3c; and bolts and |
heXagon nuts. 3l0d3. l5c delivered.
Old Rails-There is absolutely nothing doing,
the market remaining nominally S24 50G25 90 |
for iron rails, and 81 00612l 80 nominally for
old steel rails. Old wheels are nomnaly SI7 90
GlS CO.