Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-10
VERY LIGHT STOCKS
Of Standard Foundry Iron Now Upon
the General Market.
NOT MUCH CHANGE IN PRICES.
American Wire Rods Have Driven Out the
Foreign Article.
NOT MUCH CHANGE IN PRICES.
THE SITUATION ACROSS THE OCEAN
ESPECIAL 7ELEeRAx TO THE D1srArcH.

nPKc1AL TELEGRAN TO THE DIsPArcH.l
NEW YORK, October 9.-The Iron Age
to-day quotes the American iron and metal
markets as follows:
American Pig.-It is the general opinion that
the output of standard No. foundry iron is
still closely taken up between the deliveries
making on old contracts and the current daily
sales. This grade, therefore, remains quite
firm. No. foundry is not in largely excessive
supply, yet enough comes ou. to keep the price
about 81 so per ton below that of the higher
grade Mill iron is plentiful and the weak
article on the list in company with
Bessemer pig, sales of which are sald
TO have been made at less than SIS
at furnace for standard quality. There is little
to say of present demand, except that con-
servative tendency is manifested by consumers
generally and the offerings reveal no pressure
TO sell on the part OF producers OF oeaIers.
Prices remain substantially as given hereto
fore. We continue to quote Sl7 5O9lS for No.
l. and SIC 00dl6 50 for No. foundry, good
Northern brands sl7 006l7 30 for No. !, SIC OO@-
16 Is for No. 2 and Sl4 109l5 % Tor No. South
ern. Car wheel iron remains at about $20G2l
for Nos. g. and j, and Sls 5OQ2C 90 for Nos.
and 2 delivered.
8 isgelisen and Ferro Mauganese-Veryl little
doing and the condition of the market is prac-
tically the same as it was last week. Con-
sumers claim to be well supplied and sellers
hold to about former prices Twenty per cent
s3l@s3l 90 for English. On so per cent ferro
$40 is the general quotation. The prices are
relatively considerably above those at which
finished products selling.
Steel Bilets-No particular change has taken
place the past week. The demand is slow IN
all sections, and S29GS29 50 at mill is quoted,
with the market barely steady.
Wire Rods-Domestic have been sold at as
low as S4l 0O64l so at mill. This price is con-
siderably below the cost to import foreign rods,
and there is practically no new business in the
latter.
Structural Iron and Steel-New business in
this line is on a rather moderate scale. but the
mills keep we'll emplo' ed and prices remain
steady. We quote at 2.25c for universal mill
plates, delivered 2l0@2 Csc tor angles; 2609
270c for tees. and g. lG tor beams.
Steel Rails-Several orders have been
placed, involving total of about
1000 tons for delivery during the
next three months. Exact prices are not
diVulged but intimated TO be chiefly on the
basis of $50 at Eastern mills. for standard
sect -. with Soc more obtained for small lots.
Comparatively little new business requiring
deliveries this year is under way at the present
for 1921 delivery, however and some contracts
are understood to have been taken with prices
to be definitely settled later on.
Old Talls-1here has been rather more in
Quiry particularly from the West, but buyers
views rarely go above SIS for tees. That price
is 5Oc9Sl 90 under the figures asked, and little
business goes through.
Scrap iron-SaleS have been made of 800 to
900 tons No. ] wrought at S2l 59G22 90 f. a. b.
cars al Jersey City, and there is yet very fair
demand.