Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
PITTSBURG A CENTER,
Fixing the Figures for Iron All Over
the United States.
THE EAST SURELY CROWDED OUT.
Prices in the New York Market Are Prac-
tically Unchanged.
NO NEW FEATURES ACROSS THE OCEAN
ESPECIAL TELEGRAM TO THE pIsrArcH.i

ESPECIAL TELEGRAM TO THE DIsPArcH.i
NEW YORK, June 5.-The Iron Age in its
issue of to- day gives the following: The hap
penlngs of the past few months have empha-
sized more strikingly than ever before how
the leadership in the markets. which the
East once possessed, has been resigned to the
leading cities west of the Allegheny Mount
aims. Every important impulse has come
from Pittsburg Cincinnati or Chicago In the
lines in which they are respectively the leading
markets. 1t is useless to disguise the fact that
the East has finally and completely lost its
American Pig-The New York market is very
quiet Transactions. with few exceptions, are
on a moderate scale with prices practically un-
changed. The buoyant reports from other GEN.
ters are reflected by a more hopeful feeling,
which has not, however, found expression in a
larger volume of business higher figures.
The action of the Thomas Iron Company in
making the price of No. foundry down &c SIS
is without any significance whatever, the mar
Ret having been at that figure for long time.
1t merely means that those who are under con-
tract will have their iron billed at
lower fgure. some OF the
from this market The Eastern Malleabe iron
works are in the market now for about 1900
tons of charcoal iron and about 5000 tons of
charcoal iron are included in the tenders Just
issued by the Grand Trunk Railroad. An
equal quantity of other grades of pig iron is
required, but will probably he taken by
English makers. We quote Northern No:
6l6 50.
Spiegeleisen and Ferro-manganese The
only transaction Of any magnitude closed dur
ing the week was the sale of 2000-ton lot of
~ per cent spiegeleisen. special brand, for
future delivery TO Pirtsburc rail mill at pri-
Vate terms. We quote S3l 50@32 for tidewater
delivery There have been some sales of ferrJ,
prices ranging between S76G7S for future de-
livery. The order of 600 tons for Pittsburg
mill was taken by the producer in that locality
at private terms, but reported to be equal 20
the current selling price of foreign at tide
water.
East, the few sellers awaiting developments in
the West. For block of 200 tons $50 at MILL
was refused. In slabs extended inquiry by a
nail mill for a round lot for delivery during the
second half of this year brought out only one
offer of S3l 25 at sellers mill.
Wire ROds-Reports are conflicting, but il is
apparent that with those who take a very hope
full view the wish is father to the thought.
Sales have been on a larger scale, Eastern
mills taking in the aggregate about d, 900 to
$1,000 tons, the bulk therefore for Southern
roads The total includes one large block
which was reported closed months SINCE but
has apparently been finally arranged for now.
Among the sales is one In territory
burg. Some of the Eastern mills are
eager to secure orders, and, taking it as a
whole excepting possibly the two Pittsburg
works the mills are competing sharply for what
orders come into the market, East. South OF
W est Occasionally one or the other. having
put the order book into better shape by very
active competition, quotes higher prices, but
Others seem ready to step in to bid for their
share at close figures. During the current year
there has been some selling, with a guarantee
TO the purchaser against decline. the price be-
ing that current AT the time of the delivery of
the monthly proportion of the cut rate. We
quote: $50 50G31 80 at Eastern mill.
Structural Material-Qui ute a number of large
buildings are coming into the market among
them a brewery and large hotel We quote:
2l5G220c for plates; 2l59225c for angles; 25@
&c for tees, and Sic for beams ana channels.
Fastenings-We quote Spikes. S2@2 10; angle
bars, l95GLS0c, and bolts and nuts 2S0G3c.
Old RaIls-There is a widespread inquiry and
with the simultaneous appearance of a con-
siderable number of buyers East and West the
market has stiffened. Sales aggregate about
L 500 tons here and at least one order for a lot
of LOCO tons of foreign rails for shipment has
gone abroad. As much as S2i and even S24 so
has been offered for rails in quantity up to
5000 tons. The supply of hange rails in this
market is estimated at 800 tons, while the
stock of double heads is little over 4 900 tons,
all held in strong hands.