Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-16
A LIFELESS MARKET.
There is Practically No Change in the
Pig Iron Situation.
QUITE A DUMP IN STEEL RAILS.
The Figures Are Now Nearly the Same as
in Other Lines.
GENERAL FEELING ACROSS THE OCEAN
rprcrAL TELEGRAM TO THE prsPArcH.l

rsPfcrAL TKLKGRAM TO THE pIsPArcH.1
NEW YORK, May 15.-The Iron Age in
its issue to-day prints the following:
American pig - The market is quiet.
Some agents report fair amount OF small
orders and see the indications Of better buy
ing. Others express themselves in less
hopeful tone. Among the transactions re-
ported this week in one lot OF 5,OOO tons oI
forge iron by furnace in Northern New
York to q mill in the State at private terms
Some Of the companies are reported to be
eager for business again Others are holding
of. Season contracts for charcoal iron have
not vet been placed. 1t is expected that they
will come out early in June. Our blast fur
mace returns show continuance OF the heavy
production. We quote SIC 75Gl7 25 for No. /
Southern foundry and sl6@l6 so for No. 2;
Northern irons range from SlS4l9 for No.
and sI7@1S for No.
Spiegeeisen and ferro manganese-Nc bust
ness of any consequence is being done in this
market Efforts by importers to draw best
offers, in order to place spiegeleisen which Gus
TONERS want to cancel have led to nothing.
Consumers will not even name figure at which
they will buy. We quote nominally SSlQ3l So
Ferro manganese is quiet at SSGS0 for future
delivery.
Enthusiastically nothing has been done.
1t is intimated, however that large orders are
soon likely to come on the market from one
large mill We quote S29G& so. Open hearth
bilets are being offered at $50 at sellers mills.
Steel rails-The event of the week has been
the placing, after the sharpest competition
among Eastern mills, Of an order for 1900
tons for the North Star Construction Company
for Northwestern road. The exact price at
which this business has been done is still
matter of conjecture. 1t is generally under
stood to be close to $50 So Other sales of
minor character have been made at private
terms. For good orders, suitable delivery, SSl
is now openly quoted, and 1t is possible that uD-
der special circumstances that prce would be
shaded to $50 90. The market has now come
very close to the parity of blllets, and the wide
difference between billets and rails has largely
is the period for which orders have been so &C.
lively sought particularly by some of the East
ern mills, one after the other Of the works are
soon likely TO be well covered with orders. 1t
is evident, considering cost of raw material,
that the bottom has been nearly reached.
Structural material-We quote: 215@2 zoe
for plates, 22OG225c for angles. 25626c for
tees and ale for beams and channels.
PlAtes-We quote: Steel shell, 2.T6275c;
tank 2S5624c, and fange 23631c delivered.
with iron ranging two to three tenths less
Merchant steel-We quote: Machinery. 205@
2l5c; toe calk, 2l062l5C rates, and tire, 205@
lOC rates.
Fastenings-we quote s762 10, delivered, for
spikes and 81 rs for steel angles
Old iron rails-Thers IL some inquiry. We
quote n0minally. e2s bO024.
Old steel tsils-Smali sales have been made
ht Elpdlp CO.