Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-08
A SLIGHT INCREASE
Noted by Some Agents in the Demand
for American Pig Iron.
SITUATION AS TO STEEL RAILS.
Small Lots Of Foreign BiIlets Now Available
at New iork.
TIE CONDITION OF THE COKE TRADE

TPKctAL TELBeRAN TO THE D1srATcH.i
New YORK, August THE Iron Age Of
this issue quotes the American metal markets
as follows: American pig-Some sales
agents report slightly increased volume of
business, but on the whole the market is
quiet and steady. Among the larger sales
reported is one OF 200 tons of charcoal car
wheel iron, on the basis of SO so, Buffalo.
The reports from Southern charcoal furnaces
indicate considerable irreguIarity. Chilling
irons have sold as low as $17 80 at Southern
furnaces. We quote No. Northern iron, Sl76
Is: No. 2 sI6GI7; GRAY forge, Sl5Gl5 Is, and
Southern iron No. l. sl7@l7 Is; No. lsoft, SIC 80
GI8 rs, and No .. Sl6@l6 %. Bessemer pig is
offered at sl96l9 Is delivered at tide water.
Spiegeleisen and ferro-There has been no
change whatever. the speigelesen market re-
naming lifeless and entirely nominal at $50 90
G3O so for % per cent and 81 5OQ72 % for
terro.
Biilets-Small lots of foreign billets are avail
able at $50 5O@3S 90. The demand is light, and
the majority of importers do not expect that
the importation of foreign billets will develop
into any business of consequence. Thus FAR
the steel comes exclusively from German mills.
1t is urged that even their low sales are only
temporary, because prices are below cost OF
Wire rods-It is reported that in the West
there has been at least one large sale for de-
livery next year. In the East very ltCle Is Delng
done The rod mill of the Iowa Barb Wire
Company at Allentown. is again running.
Only few small lots of foreign rods are re-
ported as having been sold. We quote, S4oQ46
for foreign rods.
Steel rails-We note sales by Eastern mills
aggregating about 10000 tons, these being in
ciuded in that total of the block of 5000 tons
for Savannah delivery. The bulk of the other
sales were also for Southern roads, Therumors
of low prices made on this business are
authoritatively denied by both buyer and seller.
Eastern mills are IN receipt of large inquiries
from Western roads, which. of course, they
cannot bid on, the markets East and West
now stand. Among the inquiries is one for
about Is 900 from Pacific road, for delivery
during the first half of 1891. We continue to
quote SSl O0G3l so at Eastern mills.
Track fastenings-Reports are current that
q recent large Southern order was taken at
very low prices We quote spikes So 0012 10;
fish plates L75Gl yc and bolts and nuts 2S012c
delivered. Some of the mills have advanced
their prices. and have therefore virtually with
dIgwn from the market, so that the cheap sell
ers are now few
Merchant steel-We quote: Machinery, 2l0c
base. at mill; rolled shafUlnE, 2l5Q220c deliv
cred, and tire, 2I0d2 l5c delivered.
Plates-A number of orders for round lots
have been placed. The market is steady at
250626Oc Tor tank; 27062S5c for she'll; 290@
&c for flange, and 31<@415c tor dre-box steel
Old rails-1n the absence of business
quote nominally S24 00Q25 0O. the latter being
the figure quoted for foreign rails for ship
ment.