Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-02
work of raising the necessary $4,000 in cash is
steadily progressing.
VERY LITTLE CHANGE.
The Iron Situation at Philadelphia Remains
Practically the Same.


Practically the Same.
SPECIAL TELEGRAM TO THE ptsr Arcz.i
PHILADELPHIA. May livery little can be
said concerning the iron market in this vicin-
lty. The situation does not materially differ
from what it was a week ago, nor is an import
ant change likely to occur until after the labor
troubles shall have become fully outlined. The
market is now confronted with many strikes.
but Just what effect they will have time alone
can tell Happily, however the outlook
from this point is much brighter than
it was a week ago. The undertone of
confidence in the pig iron market
continues to grow stronger, put an marked
scarcity is noted among foundry irons, and it is
not impossible that higher prices will be asked
in the very near future. Standard goods are
irons. good quality, bring from sl4 so TO Sis.
Standard Pennsylvania No. x is quoted at
Sl7 50&ls 90; do. No. 2 \, at SIG 5OQl7 90: me-
Su SH No s Ss S s s. 81 I.i 2' q nsG ss
business is concerned. the market for
tinues steady at $50 at mills. There
are quite a large number of orders on hand for
the next four months, but not enough by any
means to guarantee full time for the summer
months 1t is believed however, that they will
he Forthcoming. and that this line of the iron
market will not suffer from want of business.
Steel billets and slabs are held at somewhat
higher prices and last weeks prices would not
be accepted to-day. There were several i'm
portant transactions made this week at SH,
delivered for nail slabs in the vicinity of Har-
risburg. and S27 rs at tide for 4x4 billets, and
later sales were reported at an advance of SOC
per ton. Muck bars improved the past week,
and buyers offered S26 so delivered, but hold
ers could not meet the quotation on account
of freight rates. They were willing to
sell, however, at S26 75@N 90, out BUYERS held
firmly to their own bid of S26 So The market
for bar iron continues weak and unsettled.
Skelp iron continues dull and weak, and while
l.701L75c are quoted as the ruling prices, it is
believed better terms could be obtained on
large orders of desirable sizes Large
orders for plates are still conspicuous by their
absence.
Tank plates are quoted at 2@21oc for iron
and 205@2 20c for steel; refined. 220@23oc for
iron, 20o@2. l0c for steel; SHE'LL 2S032 40c for
iron. 2401 SOC tor steel; fange, 320QS soc for
iron, 250G2.75c for steel. Liberal concessions
could be obtained on large orders. The pros
poets for structural material improving In de-
mand grow brighter. The quotations for lots
delivered in consumers wards: Angles 205@
2l0c; sheared plates, 205G2 l5c; dosteel, 2l5G1
22oc; beams and channels, sic for either iron
or steel. Old rails are stagnaut Quotations
are nominal at So 5O02S 00 for seaboard lots;
s23 OO92S SO delivered at nearby points. A fair
demand, moderate supply and unchanged
prices tell the history Of scrap iron for the
past week. No. l railroad scrap would possibly
bring SO 0OR23 90 at this city: Sl4 00@15 90 for
best machinery scrap, and Sl7 000lS 90 deliv-
cred for old car wheels.