Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-04-18
AN UNEASY MARKET.
Reports From Agents as to the Con-
dition of the Pig Iron Trade
SHOW SOME DECIDED VARIATIONS.
Shaded Prices on Steel Rails for Convenient
Delivery.
A SIMILAR FEELING OVER TIE OCEAN
.,c,,,rELEsRAM TO THE DISPATCH.

,srycr1I rELBGRAM TO THE DISPATCH!
New YORK, April 1.-THE Iron Age re-
mort of the market is as follows:
American Pig-Reports from agents differ
within pretty wide limits Some report
pretty large sales in round blocks, others
quite run of only moderate-sized orders.
Sales have been made of Virginia ana Ala
hama iron during the week on the basis of
S17 for No. / and $3.50 for No. 2. Sellers
generally deny that the prices named could
be shaded materially. A determined effort
is made to represent this market as being
relatively higher than those of the West.
Considering that freight rates to West
ern points are well known, and
that in this manner the net price
at furnace can be easily figured
out by anybody interested, the equivalent
prices for the Eastern markets are very. easily
established. Some sellers have long aban-
doned the idea that the Eastern markets can
be held above the parity of those in the West.
in Southern irons. and with the sharp competi-
tion for business those who have not already
done SO are likely soon to recede from such
position. II is true. however, that for the
lower grades of iron there is practically no
market either in New England or IN New
at SIS 25ll9 10 for No. /, and Sl7 OOallS % for
No. 2 according to brand.
SpieCeleisen and Ferro-Manganese-Them mar
ket is very dull. with 20 per cent spiegeleisen
quoted nominally at $50 50G33 So and spot
ferro-manganese at $50 0O@S2 So
Billets-The market is very quiet at $50 5O@
81 So delivered for ordinary sizes and specIfica-
tions.
Wire Rods-We hear of no business of con-
sequence and quote SAG 50946 rs at sellers
mill, east of the Aneghenies.
Steel rails-The only transact : of any con-
sequence was the sale of 5000 tons to = South
western road by a Pittsburg mill at private
terms. 1t is estimated that business aggre-
eating about 10000 tons is pending, including
one lot of 10000 tons The bulk of this busi-
ness however, is in territory tributary to the
Chicago mills The market is weak, with quo
tations at S35 5U634 for fair-sized orders. 1t is
probable, however nor is this denied by some
of the mills that for good orders for convenient
delivery S33 could be done at the Eastern mills
The mills IN the association. which includes all
with the exception of the Allegheny Bessemer
and the Colorado, report sales up to April of
93l LIS gross TONS heavy sections out of an
allotment of l,3lO,O0O TONS The deliveries up
to the same date aggregate So. $50 tons.
Fastening,-The market is very dull with
splice bars, steel selling at 81 I5Gl O9 deliv-
cred. Spikes are quoted 81 lO92 Is delivered
Old Rails-Very little business has been done
and the market continues nominal at S23 501A
for tees. A round lot is offering III this
market
Stroud & Co. have issued circulars quoting
"Irondale' pig iron at furnace SIS for No. 2
and Sl7 for gray forge. the freight to Hoboken
being 81 45; Chikies SIG for No. and SIS for
No. 2 and Sl7 for gray forge on cars at fur
mace, freight to Jersey City 81 so. and Muirkirk
charcoal, Nos. to o. SIS at furnace freight to
Jersey City 81 95