Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-03
IRON TRADE REVIEW.
Sales Show Up Well, but Business Is
Still Dragging.
no CHANGE IN BESSEMER NOTED.
Steel Slabs. BillctS and Muck Bar Holding
Their Own Here.
A Fiji. Stuck or PAW JPON on HAMS
20 CHANGE IN BESSEMER NOTED.
AFULL STOCK OF RAW IRON on HANDS
OFFICE OF THE PTTTSBtRG DIsrArCH,l

OFFICE OF THE PITTSBj-RG DIsrArCH,l
FRIDAY, Oct. ..
Raw Iron and Steel--The market since
our last has exhibited but few changes.
Dealers generally continue to put Off the
purchase of large blocks of iron and other
descriptions of material, seemingly TO be
waiting for information that comes not.
Prices for moSt kinds show scarcely any
alteration. ANY changes that have taken
place being in favor OF holders, particularly
in 1hc purchase Of small amounts 1t is
evident thar the continued strikes and dis
agreements between capital and labor have
made dealers to = certain extent, very in
different i'm regard to business. a few days
since. owing to a dispute in the Sharpsvillc
region, seven furnaces were banked. so TO
rcmuin until matters can be adjusted.
Rolling Mills on Double Turn.
The rolling mills are filling mp with work,
and many of them arc on double turn. 1t is
reported that the steel rail iron trade is re
gaining its customary activity, and orders
arc coming in more freely from the rail-
roads Viewing the iron trade. as whole,
iuc present conditions are certainly more
satisfactory and the outlook more en-
CorJst-iu.s than two weeks ago. This Is due
undoubtedly Ia the general helpful lnflu-
Curc of the hi- crops. Everybody ieelS that
current prices are safe prices. Dut 10 one
fees bold enough to predict when the ad-
vance viii set in. The action of buyers dur
i.- the past few days "iVeS evidence that
They are willing to invest in faVorite brands
at n bout current rates, or those less faNOr-
ably known at such concessions as have
lb-yy-iu1~ly been offered: but they have not
Reached point at which they are willing to
pay clean advance.
In conversation with valley furnaccman,
hr s;tid Trade in the Shenango and Ma
louIuG Valleys l. in good shape. Most fur
N8cr- =Tr we'll sold up.' He was firmly of
1L,s opinion thai an advance in pig iron was
NOS i;lr on A. we have before stated, there
are certain furnaces that refuse to sell
either EC~SCmcr or gray forge ut present
rate. They are able to hold on, and propose
TO do 50.
III" Market as 1t Is Now.
The stock OF raw iron on hand is fully up
with tile requirements of the trade. Besse-
mcr pig prices have been maintained with
fair amount of sales reported. Gray forge
shows no change in value: sales large. Steel
slabs and billctS sales nave been liberal
FOR some time past. Skclp iron in fair de
1uand: narrow and wide grooved maintains
prices: >hrarcd iron declined 2l5 cents. Old
luDu and steel rails are scarce, particularly
the former. Muck bar steady: prices I'M
changed. steel wire rods declined a shade.
scrap material market active. New steel |
rails are selling at last weeks prices
THE LATEST-N e nave no improvement TO |
note in values. Sales of gray forge during |
she last u l.our> large. Bes>emer sales show |
an reasonably well. Old iron and steel rails |
;irc scarce and command good prices. Moor |
head ~ McClCanc affairs are said TO be i'll |
good SlsDe.
Tho sale OF 5GOJ tons of steel hllets re-
ported last week at S24 - was an error and |
should have read - -. The types are re- |
spOn~illc Tor the slip.