Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-14
PIG IRON IS QUIET.
The Market Remains in Pretty Much
the Same Condition.
a LIFELESS STATE OF AFFAIRS
Continues in The Steel Rail Mills, with
Nothing in Sight.
STATE OF TIE FOREIGN METAL TRADE

rSpFc1AL TELEGRAM TO THE DIsPATcH.1
New YORK, Aug. lS.-TEc HOn Age reports
the condition OF the iron and steel markets
as follows:
American Pig-The market remains very
quiet, but displays occasional soft spots;
thus No. 2 foundry has been offered at Slo
delivered, the inducement being sharp cash
payment. Southern iron is still selling on
the basis of Ss75 for gray forge, under which
thus far no sales are reported. we print
elsewhere our usual monthly blast furnace
statistics, which indicate heavy produe-
zion. Northern brands are quoted ut $l6 75@
is 90 for No. /; $40 0G&l6 50 for No. 2, and
Sl4 O0Il4 30 for gray forge. southern iron
sci : nj SIC 0oilI7 90 for No. !; SIS 2S0l OO Tor
No. = Sl5 o0d Is 20 for No. l soft, and Sl4 0O@
i 80 for gray forge.
NlicgeiciScn and Ferro Manganese-The
market is lifcless, and the prices made IN
the West by domestic makers are slch that
there is no cHance for foreign material any
COLsidCre bic distance inland. we continue
TO quote spicgeleiscn AT S21 5OM2S CO. and
fclro manganese mt S63 51@64 90
BiuerS and Rod>-Thc market is very quiet
both East and West. The only traneactlon
OF magnitude reported was the placing OF
1900 tons OF twO-imch billcts at an equlNalent
OF SIS 20, Pittsburg mill. Wire rods are quiet
and steady 1T SIS C0lJSS % at tldewater The
foreign market was reported to be l20s l. o.
b. Antwerp.
Steel Enils-The lifeless condition of the
Tall trade still continues. not q single Trans
action OF magnitude being reported by the
representatives, OF Eastern mills III this mar
llcT, while agents OF Western mills have as
little business to record. The report of the
Board of Control for August shows aggre-
gate sales oi so. 155 gross tons, standard Sec
Iious while the shipments to that cate were
6S4 SIS tons. This compares as follows with
july /: Sales, SlS 90, an increase OF 1900
tons: shipments Al, 423 tons, an increase OF
$50 coo tons 1t is evident, therefore, that
the mills are rapidly catching up with work
booked During the last two months the
Western mills have been running relatively
full. Quotations remain unchanged ut $50 10
eJ3l CO. at tidcwater.
Rail Fastcnings-Quotations remain un-
changed as follows the market being ell
tircly nominal: Spikes, 2.l53225c delivered;
bolts and nuts, 2.7092. Soc, and fish plates,
l15G l.SUc.
Manufactured Iron and Steel-The reports
that the plates for two ships had been placed
proves correct, u leading PIttsburg mill
taking the Pacific coast order and a mill on
the Delaware river the Roach business. n
PittsbuTg mill has also secured the plates
for the last cruiser. In bars New York
trunk line has placed i round order and a
lot OF several thousand tons of hoops has
been taken. The twoare practically placed.
Ne quote: Angles, 1862. l0c: sheared plates,
l.9jd225c; tees, 9.456215c, and beams and
channels, Ale on dock. Steel plates are 2@
3 Z-l5c Tor tank, 2S@2.6c for shell and 25@2.tc
Tor hange on dock. Bars are l7@l9c on
dock. Links and pins have sold lately at
shade under &C delivered