Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-24
MANY LARGE ORDERS
For Delivery That Will Keep the
Steel Rail Mills Busy.
THOUSANDS OF TONS TO ROLL.
Pig Iron Stocks Are low. While the
Market Is Decidedly Dull.
STATE OF THE FOREIGN METAL MARKET

ESPECIAL TEL EGKAM TO THE DIsPKrcHL
NEW YORK, April 23-The condition of
the iron and steel markets is reported as
follows by the Iron Age:
American pir-The market has been dull
during the week under review. We prin: else
where an interesting report from 4 gentleman
high In authority in the iron trade of this city,
on the position of the Southern furnaces. This
report shows that the stocks are low. AS re-
fecting the position of the most important
producers in this section, we may state that the
stock of the Thomas Iron Company, which was
L. so TONS on January a, is now about 4 700
tons. Since the company make about s, 800
tons weekly, their present stock is equal to
less than ten days product. Northern brands
are quoted at sl76lS for No. /, sl69l6 50 for
No. . and SIGH 80 for gray forge. Son hern
iron sells'at Sl6 56Gl7 % for No. l. SIS 75Gi6 %
for No. ? and Sl4Gl4 80 for grav forge
Spiege' 'eisen aud Ferr0 Manganese-The mar
Ret continues lfelesS on spieGelelsen and very
quiet on ferro manganese, which is selling IN
jobbinC lois at S6iG6I so. The majority of
buyers of ferrO nave not yet reconcIled them
selves 10 the rise and are holdiag off for
everything beyond immediate requirements.
BIlets and Rods-Nery little has been done
in the East, large buyers being well covered in
hillets which are quoted at s27 50Gl27 70 at
Eastern makers mills. Rods are dull at $50 at
tidewater. There is nothing doing In foreign
material
Steel rais-During the past week the market
has been very quiet, no transactions of any
size having been closed by the Eastern mills.
The latter. however, are now in excellent
shape, so far orders for the rear future are
concerned. Up To the first OF this month three
mills in which we include the Cambria, had
orders on tbeir books for about go 060 tons,
Out of which they had delivered up to that
time about So 600. They have certainly taken
more orders this month than they will deliver
so that even If they get no further sales in
April they Will enter May with from l75,0Oo to
100000 tons Of rails to be rolled. Since the
greater part is for early delivery, the majority
Of this group Of mills are in very good shape
for the next two months. The two large
Western concerns, Illinois and Carnegie. have
done so little work during the first quarter
having delivered only about 60,O00 tons up to
April THAT they have 4 good deal before
them in spite Of their enormous capacity. 1t
lie estimated that the two entered this month
with about 225 900 tons of rails to roll. of course
the pressure from the roads of the Northwest
for track materials comes a little later. On the
whole therefore. the ralI mills regard the near
future with very little anxiety. They are firmly
holding at $50 75a3l 90 at tidewater, and it is
pointed out that all of them have a strong
interest in maintaining prices, since they have
during the days of anxiety and dou5 Biting
entered considerable aggregate of work, as
yet undelivered, with the understanding that
should break occur the purchasers are to get
the benefit Of it,
Manufactured Iron and Steel-During the
past two weeks contracts for a number of
buildings have been placed. which have been on
Nhe taps Iot conslderaDle period These
orders are all secured for the leading Plttsburg
mill, the aggregate being about 1000 tons OF
structural material 1t is estimated by good
authority that the tonnage of the work now on
the market or soon to make its appearance,
aggregates about i, 900 tons. Some of the West
ern bar makers are declining orders for Nav
delivered on the ground that the strike of the
miners may stop their mills. We quote angles,
lOc; sheared plates 2G2.25c: tees. 2 245G
215C, and beams and channels 3.lc, on dock
Steel plates are 2&2l5c for tank, 2.5926c for
shell, and 25G21c for fange, on dock. Bars
are LT6l.9c. on dock
Ran FasteuinGs-We quote: 1901 Csc deliv-
cred for spikes; l75Gl. SOC for fish plates, and
275I290C for bolts.