Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-24
FAIR AS SUMNER SKY.
No Indication of Break in the Even
Tenor of the Iron Trade.
PRICES FIRM In AMERICAN PIG.
High and Low Grades of Foundry Goods
Are Holding Their Own.
..H- ,.7r1nc mn mUF NHurp Crnr
ICES FIRM In AMERICAN PIG.
METAL MARKETS ON THE OTHER SIDE
SPECIAL TELEGRAM TO THE DISPATCH.

III.
NEW YORK, October 23-The Iron Age
of this daue quotes the American metal mar
kets as follows: American pig iron-During
the week under review no sensational or dis
turbins events have transpired, and the
little farore occssioned by the break made
short time ago by the local agents of
prominent Southern company seems to have
died out At present there is merely the
routine demand, vet prices are firm. Current
production OF high grade foundry pig seems
TO be closely taken up in meeting deliveries
on contracts in hand. The lower grades OF
foundry pig are also in very fair position,
sltbough not AS favorably situated as the better
qualities. and mill grades may be said to be
fairly holding their own. We quote sl7 500
IS 90 for No. ! and SIG 00Gl6 50 for No.
foundry: good Northern brands, Si7 U06i7 5Of
No. / SIC 0OGl6 so for No. :, and Sl4 75Gl5 .
for No. Southern.
SpiegeleisenS and ferro maganese-In this
line there has been no change, the demand is
moderate, sellers offer no new inducements and
consumers are slow about entering into nego-
tiations for contracts for future supplies, in
view OF the unsettled condition of the market
for various steel products. Twenty per cent
spiegel is quoted at $50 5O@3l 90 for German.
and S3l OoQSl 50 for English and so per cent
ferro at SO for future delivery.
Steel rails-Apart from unmportant sales for
early delivery no business is reported, and by
all accounts attractive orders are still few and
far between Local agents have manifested no
inclination To expedite the business pending
the results OF the manufacturers meeting, and
prices fo- forward deliveries are momentarily
q matter OF uncertainty. The basis of $50 at
Eastern mills for standard sections is generally
Oucted in response to inquiries for rails for de-
livery during the next two months.
steel bilietS-The mills are well employed on
old orders. Little new business is coming up
however and market value is therefore difficult
- arrive 1T with any accuracy Western mill
prices about SIS 50d29 Oo. standard sizes and
81 is the nominal rate at Eastern mills.
Steel wire rodS-There has been no change in
The market for American rods, and the high
cost OF nnpurtations still checks operations in
foreign. About S4S 00G43 80 at Eastern mills
md 81 UCG4l 80 at " esten mills. may fairly
he quoted, but these are merely nominal
tEarcs.
Structural iron and steel-No change is Wis |
IDLE in this line Mills are well employed and !
prices remain steady. but not great deal of |
new business comes forward. We quote at > 25c |
for universal mill plates, delivered; 2l0lle 25c
for angles, 261921Oc for tees and ale fo- |
beams. Old rals-1he market remains quiet |
Tees may Gc obtained at S26 without difficulty |
probably ~ S2a % on cars. but inquiries few
and bids over SIS very rare.
Scrap piron-NToUght scrap in limited call. and |
81 J0922 I. o. b. cars. is doubtless full value
Tor No. Car wheels are still quoted at SIS /
here, with little, If anything. doing.