Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-26
MARKET VERY QUIET.
American Pig in Demand Only in
Moderate Quantities.
OREIGN WIRE RODS DRIVEN OUT.
No Transactions Of Consequence Reported
in Steel Rails.
THE SITUATION ACROSS THE WlTEF

ESPECIAL TELEGRAM TO THE DrsPArcH.g
New YORK, September 25.-The Iron
Age OF this date quotes the American metal
marketsas follows:
American pig-The New York market
continues very quiet on the whole, the de-
mand being for moderate quantities, while
there is no very great pressure to sell. There
have been reports during the week of some
offerings of No. 1 Northern foundry iron at
a considerably lower price than that usually
quoted, but these rumors still lack confirma-
tion. As matter of interest it may be
noted that one of the leading Chicago
makers has lately been selling some iron in
the territory tributary to New York. 1t is
reported that there has been some weakness
in Southern charcoal irons. 1t is also re-
ported that large transactions have
taken place in Cornwall Bessemer at S15
We continue to quote S17@1S for No. a1d
SIC OO6l6 50 for No. foundry. good Northern
brands while Southern irons are selling at
SI7 Oo&l7 25 for No. !, SIG OO@l6 25 for No. 2
and 81 75@l5 25 for No. 5. Southern car wheel
iron is quoted at S2OG2l for Nos j, 4 and 5, and
SIS 5O92O 90 for Nos. l and 2 delivered.
Spiegeilsen and ro-Manganese-The mar
ket has continued exceedingly dull, so that
prices are entirely nominal Importers gener-
ally agree, however, in stating that the market
abroad has become 1rmer, and that it is doubt
full whether sales could be made at prices equal
to those of the last transactions. There are re-
ports that Ferro has been offered as low as
S6S 50, but it is affirmed that SO is now as low
as FerrO can now be laid down. SpiegeiI con-
tnues nominally, S30630 30.
Billets-Foreign makers seem to be very well
sold up for the balance of the year. and busl-
ness has become practically impossible An
inquiry for about 600 tons of 2-inch billets for
a horseshoe mill has been in the market but
has not been placed at this writing. 1t is ru-
mored that there has been a weakening In
Eastern billets. but no sales are reported. Nail
slabs have been offered in Central PENNSYLVANIA
at S3l delivered.
Wire Rods-The market for wire rods is en-
tIreiy in the hands of American mills. foreign
being quoted at S45045 so, while domestic have
been selling in small los at S4i645 delivered.
Steel ralls-The market has been exceedingly
dull not single transaction of any conse-
quence being reported by sellers. Prices are
Romlnally S3093U 50, small lots bringing the
latter figure
Plates-The market is weaker the mills being
eager to book orders at prices which it would
two weeks ago
Structural iron and steel-The demand con-
tmues very large and prices are steady at 225c
for universal null plates, delivered; 2lO6225c
Tor angles; 26O4270c for tees, ann 3.lc for
beams.
Old rails-The only transaction reported dur-
ing the week has been the sale of a lot of 40
tons OF foreign. consigned, which sold at SIS
Jersey City. That price is bid by consumers
but the majority of sellers hold for SIG and up
ward. Negotiations are pending for old steel
TalIs on which quotations vary from S2O.5O
70 50