Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-25
AT A HIGHER LEVEL.
An Increasing Amount of Business in
the Pig Iron Market.
PRICES ARE SOMEWHAT BETTER.
Steel Rails Show Much More Activity
Under Many Inquiries.
STATE OF THE FOREIGN METAL TRADE
SPECIAL TELEGRAM TO THE DISPATCH. ,

SPECIAL TELEGRAM TO THE prsrATcH.l
New YORK, Sept 24-The Iron Age re-
ports the condition of the iron and steel
markets as follows:
American pig-Dealers generally report
ar increasing amount of business and more
widespread inquiry. The majority of the
furnace companies decline TO sell beyond
this years delivery, making an exception
only when customers need iron for next
year to cover on contracts entered into.
The majority Of sellers are holding firmly,
but yet low prices are occasionally made.
There has been a little more activity
in charcoal iron and prices are
held AT somewhat higher level,
particularly for delivery over a long
period Of months. The low price of s17 at
Buffalo, made some time since, cannot now
be repeated, while on Southern iron $3.50 at
furnace WAS named for Nos / and . on mod
crate sized lots, with the privilege of in
cTcasing to 9 00o tons. The lowest price thus
far made was on n contract entered into
some time since by ST. Louis car company y
NJ SIS. Northern brands are quoted at SIG %
as co for No. !; SIG OO9l6 50 for Nc. >, and
Sl4 006l4 50 for gray forge. southern irons
sell nt SlGdl7 for No. l: Sl5 25GlG 90 for No: .;
SIS 50dl6 o. for No soft, and Sl4 OOQl4 % for
gray Jorge.
Sriegcleisen and Ferro Manganese-No
business OF consequence is reported IN sple-
CeleiSon, which we continue to quote at
s27 5GG2S 50 Only small orders have been
in the market for ferro manganese, and it is
difficult to ascertain at what price the busi-
ness was taken. Importers quote the COM
binatinn price Of s64 50, tidewater.
Bllets and Rods-The market is very
quiet in wire rods, which may be quoted at
So l0G3S co. tidcwater In billets there is
more inquiry for domestic, while foreign
are dull, the leading buyers having filled up
for the balance of the year some time since.
Manufactured Iron and Stcel-The negotia-
lions on one or two large buildings in this
market have not yet been closed. Generally
speaking. new business is on 1 moderate
2lOc; sheared plates, 1862. .25c; tees, 2s56
2.75c and beams and channels 81 on dock.
steel plates are l.95l2 l5c for tank: .25902 60c
for shell; 2.462.6c for flange,a and 3.G0@325c for
fire box, on dock. Bars are L7G1.9c on dock.
Scrap aNlcs are quotable Mt 2.l5G2 ,20c deliv-
cred; steel axles, 2.l5G295 and links and
pins. 2l562. .2Oc.
Steel Rails-There has been more activity,
Eastern mills having booked orders for
about 20090 tons including number of
small orders for delivery to New England
roads. Pittsburg works have during the
past ten days taken orders aggregating
about % 09O TONS which include one 1900
Ton lot. There are n number of inquiries in
the market SO that there is a slightly i'm
proved feeling. The allotments for the diff
ferent mills, including the Maryland, will
probably be settled this week. We continue
TO quote $50 75GSl co at tidewater.
Track Materlal-Ne quote 2.25c for spikes
l.759l.S9c for fish plates and 2.S0@S.00c for
bolts, delivered.
Merchant Steel-We quote hot rolled shaft
ing, 205d2. 1Oc; machinery. 2.l562. .25c; tire,
2-2OG2.25c, and toe calk, 2 225G2. SOC, delivered.