Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-09
NO CHANGE In IRON.
The Market is Still in a Very Un-
satisfactory Condition.
PRICES ON STEEL RAILS SHADED,
England, However, Reports Much Better
Feeling All Around.
AMERICANS NOT BUYING TINPLATE

rsprcrA1. TELEGRAM TO THE pIsPATcH.l
NEW YORK, May S-The Iron Age re-
port of the market is as follows: On the
whole, taking the entire range OF the mar
ket, the iron trade in this section remains
yery dull, and with very few exceptions
prices along the line still exhibit droop-
ing tendency. There are some indications
IN some lines that buyers are coming ln'o
the market with q little concession oelo" 'ne
prices quoted. A good many in the Ir@ue "nO
were persistently sanguine until iateS no"
ayow that they see nothing TO JUSTIFY INC ca
pectatiOn of a notable recovery uhth Vo"aIu
the close of the summer. The majority of SELL
ers now look forward to dragging market lor
some time to come. H., -. q. .or,.-
what improved demand in moderate lots, but
usually buyers expect TO 40 better tnan seleIs
are willing to name and occasionally they WITH
draw from the market Some OF the Ieaoihg
Southern companies have advanced their ask
ing prices having for the present booked sum
ciently large orders for the future. For NO.
Southern SIC 75GT 10 is now the ruling nTlee.
while No foundry is quotahle at SIG 2oGl6 5O;
Northern irons range from SlS O0Gl9 W Tor NO.
! and Sl7 OOGI7 50 for No. foundry. -Four
large Eastern malleabe j. on works are in the
market for about Il 600 tons of charcoal pig, ON
which sellers quote on the basis of $40 50 at
Buffalo for Lake Superior, for delivery during
the season of navigation
Steel Rails-Rumors of low prices named are
very numerous, reports from good sources
stating that So at Eastern mills has been slight
ly shaded in recent transactions. The business
is light however, and So 0OGSS w is 1reely
quoted, the latter for small lots AT udewater
SS3 has been named, which would be So Jug
81 25 according to location of mill Plttsburg
mills give sales aggregating about 10000 tons,
and quote from S32G34. A good deal depends
upon the time OF delivery. some of the mills
hnln
up to july, while others are ready TO make
deliveries earlier The Chicago mills are re-
ported to have booked very heavily during the
past few weeks and are said to be well sup
I,lied with orders into midsummer. Some
large matters are still coming up. Thus con-
tract for 500 miles of road was let recently be-
tween Sioux City and Ogden, and the Manitoba
is contemplating extensions. in the South one
large order is expected TO appear in the market
at an early date. The Canadian roads are re-
ported to have placed about $1,000 tons in En-
gland, the American mills losing the business.
Spiegeleisen and ferro-manganese - The
market is very quiet, no sales of spiegeleisen
of any consequence having taken place during
the week. We quote nominally SSl 5OGS2 OO;
In ferro there are occasional sales of spot and
quick delivery at SS3@S5. while futures are gen.
orally held at S7S@SO, with rumors of offers as
low as S77.
Bnlet>-The low prices made at Wheeling,
SO 25G26 So have an unsettlIng effect since
Western makers continue TO offer in the West
at equivalent prices the freight being s. 90.
make the price delivered shade under S29
Wire rOds-There is moderate inquiry,
with prices east of the Alleghenies quoted at
S44045
Structural material-We quote: 2154220c
for plates; 220@225c for angles; 25G26c for
tees. and Slc for beams and channels.
Plates-Ne quote steel shell 27Q275c; tanks,
2S5d2 ic and flanges, 23@3lc, delivered with
iron ranging two to three-tenths less.
Merchant steel-We quote: Machinery 2053
2.l5c; toe calk, 2l0Q2l5c rates, and tire, 2054
. 2l0c rates.
Fastenings-We quote 81 00G2 10, delivered,
for spikes and 81 75 for steel angles.
Old rails-One of the trunk lines has, during
the week. sold about 1000 tons of old rails, the
price realized being given at S24
Old steel rails-The situation is peculiar
one. Small lots can be picked up from time
to time, for mixed length, at sig O0Q20 90, safes
having been made at that range. Larger lots
are being held at much higher prices, as high as
81 80 being asked Comparatively few old steel
Ia is are coming mp just now. 1tis stated, how
ever, that in month or two the supply will be
relatively large.