Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-02
STATE OF TIE FOREIGN METAL TRADE

-sFCCTAU TELEGRAM To THE pIsrArCH.l
NEW GoEl, Oct. 1.-The Iron Age reports
the condition Of the iron and steel markets
rs follows:
American pig-The accounts are some.
what conflicting, some Of the sellers report
ing considerable activity, while leading con-
sumcrs state that they are still in receipt of
offers at low prices. Thus we hear of Sl4 50.
delivered being made on pain No. = Le-
high, and OF relatively low prices on No. .
Southern in the Boston market. Northern
brands are quoted at SIG 75@ls GO for No /,
SIG 0Odl6 30 for No. ., and Sl4 O0II4 80 for
gray forge. Southern irons sell at SIG O06
i 60 for No. J. SIS 250l6 90 for No ., Sl5 5O@
IL co for No. l soft, and $l4 O0@l4 80 for gray
forge.
SpiegcIeisen and ferro-manganese-Durin
the week Ender review an Eastern steel
works has purchased 10000 tons of German
syndicate 20 per cent spiegeleisen at private
terms. while another concern has contracted
for $1,000 tons of 10 TO - per cent German
spicgeleisen in two blocks. 1t is probable
that the consumption of the lower grade of
Bpiegel will increase somewhat in this coun-
try in consequence of the tendency among
some Of the mills TO make their rails higher
on carbon. We quote 10 to Il per cent speg
cletSen S23 1904 90, and 20 per cent So 500
IS % for German and English. The frequent
reports of concessions in price in Western
market below equivalent of the tidewater
price for ferrO-manganese seem to have had
their effect upon some of the foreign sellers
who show a disposition to give their agents
iu this country authority to meet any cuts.
Billets and RodS-The market is again dis
turbed by reports of low prices on biIlets in
the West, Eastern sellers holding at about
So O0G2T p near tidewater. There is moth
ing doing in foreign. Wire rods continue
quiet at ST. 5063S co.
Manufactured iron and steel-0ur local
mills are quite busy and some new work is
coming up. In plates low prices are being
named by PittSbIrg mills. In bars, n mill
which is q large seller in the market placed
u block of 500 tons at L62@c, and advanced
the price to l-65c, at mill for lot of like
magnitude for New England delivery. We
s%n5in%e to quote s9, o, angles 1902 l9e
and beams and channels, 3lc, on dock. Steel
plates are l.95S265c for tank; 22O62.3O, for
shell; 945G246c for flange; 2.65@2.75 for
marine, and 3G3 25c for fire box, on dockH
Bars are l16l9C, on dock. Scrap axles are
Quotable at 2.l5D2 20c. delivered. Steel axles,
2. l6d2.25c and links and pins, 2.l562. .2oc.
Steel Ralls-Sellers report q number of
small transactions. important in the aggre-
gate, but no large business 1t is reported
that the Pennsylvania Railroad and the
Long Island and others are negotiating for
rails. Persistent efforts are again being
made 10 create the impression that prices
nTe being cut. We have the authority of the
sales agent of the leading mills for the state
ment that it is not the case. The
allotment of the Maryland Steel Com
pany has been arranged for. We understand
that the distribution of percentages as
now provided for is to hold good until July
l. 1872. There is considerable interest in the
business in light steel rails. The Lacka-
wanna Company quote carload lots of diff
fereut sections as follows, with an abate-
ment for large lots: 20 pounds So so; Is
pounds, S4 30: so pounds, SS3: 35 pounds S32;
30 pounds, SSl 80 and 45 and 46 pounds, S3l at
mill. Girder rails NAV be quoted at $40 O0@
a GO, delivered. Standard sections, large
blocks. $50 so. tidewater New York.
Track Matcrial-Wc quote 225c for spikes;
I756l.S0c for fish plates, ana 2sG63c for
bolts, delivered
Old Material-Only one important trans
action is noted during the week, the sale of
$500 tons of old American iron rails at S22 90,
on track in this State. Old steel rails are
weaker in this market, being offered freely
ut SIC 5G0l7 90. There is more Offering also
OF rolling mill scrap, plate shearing having
been offered at SIS 90, delivered