Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-05
A SLIGHT DECREASE
In the Number of Transactions Re.
ported by Holders Of Pig Iron.
TWO MORE WIRE ROD MILLS OPEN.
About 10000 Tons of Steel Rails Disposed
of in Small Lots.
TIE SITUATION ACROSS THE WATER

ESPECIAL TELEGRAM TO THE DIsPATCH.i
NEW YORK, September 4.-The Iron Age
of this issue prints the American metal
markets as follows:
American pig-There has been only
run of moderate sized orders, although some
sellers report that an increase in them is
observable. Still the market continues very
quiet, with values remaining as quoted at
$17@1s for No. and S16@16 90 for No. ?
foundry, good Northern brands, while
Southern irons are selling at S17@17 25 for
No. !, Sl66l6 Is for No. 2and Sl5@l5 % for No.
g. Southern carwheel iron is quoted al SO 90
AL for Nos. g. 4 and 5, and SI9 50G20 for Nos.
and delivered.
Spiegeleisen and Ferro Manganese-The
market is exceedingly dull. There is inquiry
for spiegeleisen from the large mills and no
special pressure to SELL so that we quote SS0@
30 so for Geman. while English, which is pre-
ferred by some steel makers, is quoted 81 COG
81 50 Ferro is quiet at $40 5097l 90 for for
ward delivery
Wire Rod,-At least two of the domestic
mills which have been idle for some time past,
are now running again, so that the prospect of
q fuller supply is better. Importers still quote
S4S 50044 for German rods. buyer taking risk
of duty. There has been some business in
Swedish rods at $50 for ordinary and So 00Q
S73 90 for special
Steel Rails-Only a number of sales of small
lots are reported, aggregating about 10 900 tons.
They include a 3,00G ton lot each for the Pacific
coast and the South, and one small lot for New
England. For prompt delivery moderate
sized lots the market may be quoted S3l, but
for larger parcels, winter delivery, that price
would probably be lowered notably. Aside
from an order for 25 900 tons for the Union
Pacific Railroad no large blocks are now in the
market. Just how the demand is going to de-
velop it is impossible to predict. Until now it
has not been heavy. If it should fall below
the reasonable expectations now entertained
by the rail mills, there is likely to be sharp
competition with lower figures. The demand,
whatever it may turn out to be, will be sho Kn
during the current month.
Manufactured Iron and Steel-Merchants
generally report quite lively trade. Recently
considerable sales of bar iron. aggregating 800
tons, were made in this market by mill in
Central PENNSYLVANIA. Car specifications for
which until lately L.70c fat. delivered, has been
quoted, have sold at / zoe half extras. A large
block of hoops, upward of 1000 tons, for the
Standard Oil Company, has been taken at an
advance of 81 per ton over the last sale. and in
the West Mahoning Valley mill has accepted
a 5000 ton order for the Cotton Seed Oil Com
pany.
Old Rails-Although there is considerable
inquiry for consumers, practically no business
has been done. Importers claim that foreign
rails cannot be laid down here below SIS 500
20 price which the mills will not pay. For
American rails we quote, nominally, S24 50Q25.
There are negotiations pending for a round lot
of old steel rails.
Fastenings-The market is stronger. We
quote: Spikes. s. 05G2 Is; fish plates. 81 909
IS, and bolts and nuts. g 95Q3 Is delivered.