Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-18
LOW PRICES PREVAIL
In All the Southern Iron TranSac-
tiOns That Are Reported.
MORE INTEREST IN STEEL RAILS.
Big Increase in Orders for September Over
the Last Month.
STATE OF THE FOREIGN METAL TRADE
rsrEcILL TrLraRAM TO THE p1srArcH.l

YsPEcILL TELEGRAM TO THE DIsPATcH.1
NEW YORK, Sept. 1.-THE Iron Age re
ports the. iron and steel markets of the
country as follows: -
American Pig-Reports from Southern
producers indicate that prices, notably for
the lower grades still remain at low figures.
B. G. Clarke, Of the Thomas Iron Company,
reports sale of 10 900 tons of gray forge iron
ut q price equivalent to SIS. tidewater.
Northern brands are quoted ut SIS 756IS 90
for No. Isis OO9l6 80 for No. 2, and sl+ oo@
IA 50 for gray forge. Southern irons sell at
SIG Oo6I7 90 for No. /. SIS 25@l6 90 for No. 2,
SIS 5O6lG 90 for No. soft, and sl4 006H 80 for
gray forge.
Spiegeleisen and Ferrc-rnanganese-After
. long spell of dullness a large transaction
has again taken place in .spicgeleisen, an
Eastern steel works having bought 4 600 tons
OF English 20 per cent spiegeleisen for de-
livery LOCO tons monthly, beginning with
October shipment. The competition was
lively, and the price is reported to have
been low. We quote, 81 50@2S 80. In ferro-
manganese no business is reported. The re-
ports of trregularity in the transaction re-
fcrred to i'm our last led to n meeting of the
English ferro-manganese makers in London
on Monday. The details OF the proceeding
are not known, but agents on this side nave
received instructions to adhere TO the COM
bination price of Sol 80, tidewater. Import
ers claim that the sales of domestic ferro in
the Pittsburg district are made at S66 80
whereas the combination price OF sf4 51
plus 81 40 freight from Baltimore to Pitts
burg. would make it 500 90.
Billets and Rods-The market is very quiet
in both billets and rods, although an ad-
vance to S35 90 is reported in the latter from
Pittsburg. There has been some business in
foreign rods for Canada, some round blocks
having been placed. Foreign rod makers
quote &c {. o. b. shipping port 1t appears
that considerable number of mills have
been turned over to other shapes so that
the supply is moderate.
Manufactured Iron and Steel-Merchants
report lull in new business closed, but have
anumber of negotiations in hand, which
will be closed at an early date. We continue
10 quote: Angles l9062.l0c; sheared plates
l95G2.25c: tees, 2.45G2.73c, and beams and
channels, lie on dock. Steel plates are l95
G2.l5c FOR tank: 2.25026c for shell. 94G2 &c
Tor hange, and 3d3.25c for fire box on dock
Bars are L70lgc on dock Scrap axles are
quotable at >. l5G22O delivered steel axles
9. 225c, and links and pins 21562 zoe.
steel Rails-More interest is shown in the
market by. buyers, but the transactions are
still confined TO small lots. According to
the report of the association, the orders Of
the mills aggregated in September l,S94, ,79S
gross tons, standard sections as compared
with SO, i5j gross tons on August l. The de-
ltverieS have been i99, ,021 tons UP to Septem-
Der /, against 5S4. .g3S on August / and ISL 423
tons on July l. The mills therefore, have
only two months work on hand, even at the
slow rate at which they have been running
lately. At the meeting last week n commit
tee of two representing the Eastern and the
estern mills, was appointed to consider
and report upon the question of the allot-
ment of percentages, which must undergo a
modification since the starting OF the new
works. The present percentages are per
cent to the Pennsylvania Is per cent to the
Iackawanna, per cent each to the Bethle-
hem and the Cambria. and 81 per cent Jointly
70 Carnegie aud Him We continue to
quote $50 15G3l ut It'd II.