Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-04
SOUR ON THE SOUTH.
Northern Iron Dealers Continue to
Complain of Birmingham.
LOW OFFERINGS AT THAT POINT.
The Market No Livelier Than 1t Has Been
and No Better Prospects
PITTSBURG A BILLET STORM CENTER
Low OFFERINGS AT THAT POINT.
PITTSBURG A BILLET STORM CENTER
SPECIAL TELEGRAM TO THE DISPATCH. I,

SPECIAL TELEGRAM TO THE DISPATCH,
NEW YORK, Dec. 3.-The Iron Age re-
view Of the weeks metal markets, to appear
tomorrow, is as follows:
American Plg-Complaints continue to be
heard of low offerings of Southern irons, one
Of the leading companies in the Birming.
ham district being mentioned as a leader in
this movement. The market, on the whole,
is very quiet and sellers generally do not
look forward to much additional business
during the current month. We quote
Northern brands SIG s5@ls 90 for No l. SIG 90
ale so for No. 9, and S14 0O@l4 80 for gray
forge. Southern iron sells ut SIC 25Gl7 90 for
No. ], SIS 5o@pl6 90 for No. ., 81 5oG IA IS for
No. s foundry, and sl4 a5@i4 50 for gray
forge
spiegeleisen the market has been disturbed
by reports of very low offerings of domestic
20 per cent spiegel, the figure mentioned
being S23 delivered at buyers mill. In ferro-
manganese importers claim that foreign
makers have advanced prices materially,
owing to the scarcity and the cost of ores.
Still. it is reported that there have been
offered to mill in the Ohio Valley,
several hundred tons OF so per cent ferro,
s62 delivered, for foreign. This would be
equivalent TO less than SEQ at tidewater.
There have been reports that the mine which
furnishes the principal source of supply OF
one of the leading domestic makers is ap-
preaching exhaustion.
Pittsburg the Billet and Rod Center.
Billets and Rods-Pittsburg continues TO
be the storm center, the low figures made in
that market having strong influence in
this section. We note the sale of 1000 tons
of foreign billets. March. April and May de-
livery, for re-exDort, at private terms.
l,oo 1, hoc 1,aa ,,,fYa, lou
figures lately, sas delivered being mentioned
for this class of material, which. however,
brings as much as $40 per ton to works OF es-
tablished renutation We quote: Domestic
billets. s26 5N@e27 OO delivered: foreign billets
nominally S3l OOG1Sl 80, and domestic rods,
$50 50d31 so tidewater.
Steel Rails-No sales of any consequenceare
reported by Eastern mills for the week past,
and the market is quiet but steady at SO at
mill. A meeting of the rail manufacturers
is to be held next week. The mills have been
asked to report what quantities have been
sold by them for 1892 delivery. 1t is believed
that the quantity will prove 10 be quite
large. Attention is called TO one feature
which characterizes the trade this year
with an option to the buyer 70 increase the
order at any time up to the close of the year.
1t is believed that many will avail them
selves of these options.
Manufactured Iron and Steel-As vet none
of the orders for plates for the ships which
are to be built in accordance with contracts
closed with the postal authorities have been
placed. The quantity in the aggregate
should be large, 80 900 tons being mentioned
as the figure probably required In other
grades of plates the market continues in a
demorallzed condition. In structural ma
terial, two contracts, aggregating about
1000 tons of beams, have been placed during
the week, and it is reported that the Della
ware and Lackawanna building has also
been taken. There are some other large
orders in the market which will probably
DC placed ut an early date. There is no
foundation for the rumors that irreguari-
ties have occurred in American beams.
Not Bad Bird: G Business
Bridge makers report a very good volume
of orders from railroads for moderate size !
spans, but complain bitterly OF the very low |
figures at which work of this kind is taken. |
We quote: Angles, 1902 l0c; sheared plates,
Csc; tees, 24o@2.75c, and beams and
channels, s. lc on dock. Steel plates are 100
e-lc Tor tank: .loG2.3Oc Tor shell: e4n92 CSC
for f1ange: eeo92. IS Tor marine and 363.25c |
for IRE hOX on dock. Bars are lT6l9c ON |
dock. Scrap aIles are quotabl" at J l5602 20c |
delivered. Steel aSles. 2l562. 25c, and links |
and pins 2.l5@2.20c; steel hoops, 2@2.5c de- |
livered.
Track Material-we quote 2I5G2 a5c for |
spikes L7O1I..'0c for fish plates and 2.sO03c |
for bolts, delivered.
Merchant Steel-We quote hot rolled |
shafting 262. lOc: machinery, 2.l0G92 25c: tire
elj62 25c, and toe calk, 22062. SOC, deliv- |
cred.
old Material-Bids are being asked for old |
iron rails, without however, dra wing ont |
buyers who are Indifferent. No business of
any consequence is being done in old steel 1
rails In scrap iron we note the sale of one
lot of 400 tons at Sl9 25. Jersey City, and one |
loi of 90 tons at SIS 50G3l9 90, delivered on
lighter both for No. L
The foreign markets size up as follows: |
Scotch warrants have been neglected, and |
price has rnceded to AS. Cleveland eased
off to 3Ss 415d and hematites to AIS I'D but
at the decline there has been a very fair
business. Stocks i'll warrant stores show
little change. scotch increased 80 tons and
Cleveland 27l tons last week. There are
now a. Scotch furnaces in blast.
Prices of Tin Have Receded.
Pig tin has been dull and prices have re-
ceded. Smallness of stocks here and appar-
ent supplies for near future delivery fan to
attract outside speculative orders Demand
for consumption is moderate
Speculation in copper has been small, and
prices for merchant bar promptly receded |
TO As l0d, subsequently recovering part OF /
the loss. 1t is stated that copper formerly |
held by outsiders is now in the hands of
dealers. Consumers are buying more freely, |
present prices being attractive. The prop |
critics of the Societe DeS Metaux rcpt,rted 4
vance on upset price.
Business III tin plate is still light. Home |
demand is extremely light. There is more
inquiry from America, but not much busi-
ness has resulted thus TAR. Owing to low
ness OF prices offered many makers have de-
cided TO close their works for one month |
f. ON the middle OF December but there is
Several large makers are opposed to com
bined action to reduce the output consider
ing this course not warranted.