Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-02-07
IRON AT NEW YORK.
Business Has Been Rather Light and
the Market a Trifle Dull.
A MODERATE DEMAND FOR RAILS.
Freights on the Southern Product Have
Been Advanced.
THE STATE OF THE BRITISH TRADE
ESPECIAL TELEGRAM TO TIE DsrATcH.I

ESPECIAL TELEGRAM TO THE DIsFATcH.l
NEW YORK, February 6.-To-day's
issue of the Iron Age has the following
weekly report of the New York metal
market: Business has been light and the
market is dull. Offerings of iron continue,
and while it is claimed that they come from
seconds. there are indications that In some
instances they really emanate from pro-
ducers themselves. The freights on South
eru pig from Alabama have been advanced,
being now 81 36 to New York, against "a II,
while the freight to Boston and Providence is
now 81 90.
We quote No. foundry at sl9 5O92O 90 and
No. 2 SIS 5OGls 90, and gray forge Sl7 5OqlS o.
all at tidewater.
In sniepeleisen and ferro-manganese the mar
ket is DUH and easier. Spiegeleisen for dellv-
ery in June and later has been onereo TINS
week at SS7, without any transactions being re-
purted. Ferro-manganese is weaker Tor Tor
ward delivery it having been offered during
the week at S92 so. There has been moderate
amount of business. Importers note that theTe
has been some trouble IN theq o. sPiss1, =.
eisen shipped by foreign makers and there nave
been some reflections. 1t is stated that the IoI- @
eicn makers have been forced by the scarclty
in coke to use fuel from other than their usual AZ
sources of supply, and that this is the cause Oh
the trouble.
Manufactured Iron and Steel.
We quote bars 1920 for refined; iron uni
versal mill plates, 2SOG2 4Oc; angles, 2SOg2 4Oci
tees. 2762Sc, and beams and channels, SIC, on
dock. In merchant steel we quote ordinary
hot finish round shafting 22O62SOc; small sizes
do. ct al. 2S5c and 24Oc; toe talk, 25OQ26Oc,
and tire, 2359245c, at mill.
In sreel rails we have been unable to trace to
any authoritative source the reports tnat tne
EOlnme OIL
business transacted by Eastern mills stlll re.
mains moderate but the range OF S3S6S6 still
holds good. Among the sales made by Eastern
mills we note one lot of 500O tons 1or So9tn. n IN
Shore. The most interesting transaction OF tne
week has been the sale by the Chicago mills OF
q block of IL 80 tons of 35pound rails TO the
Alberta Coal Railway of Canada at private
terms. There is a movement now on foot which
may result in materially Strengthening the
position of the rail mills and give new tone to the
market There has been an advance IN 1relghl
rates on steel rails from Eastern mills.
BuIets and Wire Rods.
In billets in the East there have been mum
Der Of small sales of small sizes and specla
speci6cations at $40 to S4S. Lately a small lot
of domestic basic open-hearth billets sold al
high as $50 at mill In wire rods there has beer
a good demand in the Eastern market a mum
her of sales of blocks of 500 and 1000 tons hav
ing been made. In one instance S56 80 was palC
by an Eastern consumer, the seller being al
Eastern mill.
In rail fasuenings the market is very quie
and not so firm. Steel and iron angle bars ar
being offered at q 1Oc delivered. Spikes remain
nominally 81 2O92 %. In old rails offerings
foreign double heads during the week havl
been disturbing factor. They have been OF
tered at ST. ex-ship. One lot of ], 500 tons
now afoat from India, but it is question
whether it will be sold in this country or vii
be forwarded to England We hear OF N
transactions.
In scrap the volume of business is very small
Holders ask SIS 5OG24 90 for No. l wrought, il
yard, which consumers are not willing to pay