Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-25
iron TRADE REVIEW.
Trade in All Lines Quite Favor
able Under All the
Circumstances.
A STEEL RAIL BOOM HERE.
Stocks of Raw Iron Steadily Deciin-
ing and Furnaces Cold.
THE ACTUAL SALES OF THE WEEK.
Steel Turning the Heads of the Manufact-
urers Down in Alabama.
TIE MARKETS AT ALL TRADE CkNTERS
OFFICE OF PITTsBURG DISPATCH,

OFFICE OF PITTsBURG DISPATCH
FRIDAY, April "a
RAW IRON AND STEEL-Trade since
our last has been reasonably good. With
the labor and coke questions still unsettled.
many dealers show little disposition to
force business. As 10 the future there is a
wide difference of opinion. Ii seems, how
ever, pretty evident that prices for certain
descriptions have about reached the lowest
point and an improvement is not far of.
BESSEMER-Priees have advanced dur
ing the week, with reported sales of spot at
90 cents above previous weeks figures. The
changes at present are not very marked, but
indications OF improvement are considered
pretty certain.
Iron ORES-There have been no large op-
eratlons, yet buyers are still holding of,
notwithstanding ore can be purchased at
81 50@l IS per ton below prices paid last
year Buyers then evidently entered
the market entirely too early. That
charge will not hold good this season.
The reports from the Shena ngo and Ma
honing Valleys continue favorable for fur
nacemen, prices being firm, with good deal of
iron disposed of at prices fully up with Pitts
huEE rates A ' alley 1afD aCenan remaTkeQ.
Trade continues good; BeSsemer pig scarce,
with an upward tendency. Grey Forge in fair
demand, prices tending higher, being fully as
high as Pitlsburg All required to boom the
valleys Is lower coke and freight rates"
Raw Iron Stocks Declining.
The stock Of raw iron on hand seems to be
steadily declining. There are only limited
number Of city furnaces in blast, and owners
seem Indifferent about starting up others.
They are proba bly, waiting to see what the
ei-Et-hCur strike, announced for the lst of
May. VIII bring about. If all branches of busi-
ness are TO suspend, there will not be much iron
required To mues the current demand.
EEW STEEL hAILS-Market firm with consid-
cradle inquiry. We learn of sales aggTegating
luO,CJ0 tons in lois al $50 cash at the works
Anthracite Plg-ln former years the sales of
thls brand were large, but of late 1t has left our
market 40 sales beng made Tor a long time.
SOUTH EN lE"S-There is a very limited de-
maud. y D CCIs s. 1Gl lot is purchased, gener-
ally used as m 2IUr1. Consumers prefer Pitts
bur@-iaaUr lruI hen can he obtained.
lHE SIITA1IOa-AHe market during the
pas Two days Indicates 4 better feeling. Spot
Eeosemer advanced; futures hold their own
Grey Forge ilrmer, with sales of favorite
brands at slight advance. Billets .and slabs
weaker. Fcrro manganese. prices maintained
MuCk bar. sales 1t last weeks prices. Blooms
auO raA ends sold higher. Skelp iron prices
shade lower. Old non and steel rails. demand
rcsiflCted prlceS unchanged. Scrap material
qUlet, prices maintained.
Some Favorable Signs.
THE LATEsT-Spot Bessemer scarce and
prices show further advance. Rod bllets
advanced. Outlook for an active market
favorable.