Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-19
PIG IRON IS QUIET.
The Northern Furnacemen Are Hold,
ing Stiffiy at Quotations.
SOUTHERN-IRON Is MORE ACTIVE.
No Eecy Heavy Orders for Steel Rails Com
ing to the Front.
'STATEpF THEFOREIGN METAL MARKETS
ESPECIAL TELEGRAM TO TIE p1srArcH.1

ESPECIAL TELEGRAM TO THE DIsPArcH.l
New YORK, June ls.-The condition of the
iron and steel markets is reported as follows
by the Iron Age:
American Pig-Sales agents agree in re-
porting the local pig iron market as being
very quiet. Northern funacemen generally
are reported to be holding stifliy at quota
tions. There has been a little more doing in
Southern iron and there has been some in
Quiry for charcoal brands. Northern brands
are quoted Mt SIG 75d Is 90 for No. 1; SIC O0@
il 80 for No. ., and Sl4 OO6l4 30 for gray forge.
Southern irons sell ut SIG 251l7 D for No. /;
Sl5 J0al6 25 for No .: SIS 75dl6 80 for No.
soft. and Sl4 O30l4 80 for gray forge.
SpieCeleisen and Ferro Manganese-No
movement whatever is reported in spiegel-
eisen, and the demand for ferro manganese
Is moderate, with quotations unchanged at
S64G65 for 50 per cent.
Billets and Rods-From Pittsburg comes
the report of pretty heavy transactions
during the last few days in domestic wire
rods a $50 and upward. The Eastern market
is quiet, on the basis of S3S for rods. Very
little business is reported in billets.
q Steel RailS-What few orders come into the
market are on acquisitions from division su-
perintendents, and rarely exceed 1000 tons
at p time, even on the large lines. Buyers
show no interest in the market, being ap-
parently convinced that they have nothing
to lose by waiting, since they Will probably
be able to purchase their track material at
road managers indicate that as soon as they
have become convinced that a large
tonnage must be hauled for the new
crops they will be in position to
buy more literally for repairs. How light
the production has been thus far this year is
indicated by the Board OF Control. The mills
in the association, which include all, with
the exception of the Colorado W orkS, small
concern relatively, shipped in the aggregate
up to June !, 3S7, ,265 gross tons OF standard
rails. The orders booked mp to June Inquire
1-ifnrr la = a n 4 G
were 10000, at which rate it would take more
than three months to work of present
orders. The indications, however,
are that the mills will run
fuller in the near future. Last year the de-
liveries of the mills up to June l were 59S 600
tons. exclusive of the Allegheny Bessemer
and the Colorado, while the sales footed up
TO l,GS6 100 tons. This year is, therefore, far
behind the record of 1890, so that unless there
Is a very decided change in the market in
the next few months, the total shipments of
steel rails of standard sections from works
IN the association are not likely to exceed
1,4000 0G0 tons If We reach this figure the
mills will be forced to produce in the second
half at rate more than double that of the
first six months.
From present indications the shipments of
standard rails will not be much more than
$4,000 gross tons by July !. These indications
have considerable bearing on the pig iron
consumption during the second half of the
year. Even at moderate estimate of 400
coo tons of rails, the consumption of Besse-
mer pig for that industry must rise to about
1000 900 tons in the second half as compared
with barely 100000 tons in the first half
year. From the West come reports of some
what more rapid buying in BeSSemer pig
during the past few days. Reports in the
trade have 1t that at the last meeting be-
tween the coke interest and the Valley fur
nacemen a leading coke produ2er offered to
take $50 tons of Bessemer pig at Sl6, and that
this offer has been accepted in number of
cases. Quotations remain $50 1881 90 at
tidewater.
Rail fastenings-Wec continue to quote fish
plates 81 7O9l 75; bolt s. 60@2 65 and spikes,
81 906l %, delivered.
Manufactured iron and steel-The collapse
of the strike in the structural trade has led
TO q rush of orders to send forward material
previously contracted for. While the ma
jority of the mills had continued to roll on
the part of their specifications, they have
still been pressed during the current week.
No contracts of any magnitude have been
placed during the past few days, but it is
reported that considerable work is in sight.
Bridge contracts are still being taken at
very low figures, and much curiosity is
shown as to who will secure. the two largest
structures now being figured out The Ale
Eheny bridge contracts are still being taken
at very low figures, and much curiosity is
shown to who will secure the two large
structures now being figured upon. We
quote angles .9562. l0c; sheared plates, 1.95G
225c; tees, 2.45d2.75c; and beams and chan
nels, sic on dock.
Steel plates. 2d2l5c for tank, 2.362.6c for
shell and 2.5G27c for fange on dock. Bars
are 1.1@l sc on dock.