Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-10
ONLY URGENT NEEDS
Are Being Looked After by Consumers
in Purchasing Iron.
LITTLE ACTIVITY In THE MARKET,
Beyond What Agricultural Implement
Makers Are Creating.
IN mnr rnDrInN MgTlT TpknE
TITLE ACTIVITY In THE MARKET,
STATE OF THE FOREIGN METAL TRADE

ESPECIAL TELEGRAM TO THE DTsPArcI.l
NEW York, July 9-The Iron Age reports
the condition of the iron and steel markets
as follows:
Pig ircn reports from consumers generally
indicate unwillingness on their part to do
moro than purchase for urgent require
ments The only exceptions are the manu-
facture-s of agricultural implements, who
report n heavy demand. and some of whom
arc in the market for heavy blocks. Stove
manufacturers have not bought for
some time and are expected to
como forward later on for larger
lots, Machinery builders are buying
sparinSly Little activity is expected at this
season OF the year, and the duilness prevail
ing Is causing no surprise. Low offerings
have been made lately by at leas: one repre-
sentative of Alabama interests, the figure
named for No. l foundry being Sis, on dock
at New York. hallaable iron works in
this section. have recently placed orders for
charcoal iron, one lot of S0OtonS being taken
hy a Michigan furnace on the basis OF Sl7,
Buffalo, II is reported that even this low
figure was shaded % cents.
Southern car wheel irons are norninally
held at SIS co at furnace. but there is little
question that Si7 90 would be promptly ac-
ceptcd. Northern brands are quoted at
SIG T5GlS 90 for No. ]; SIG CGGi6 30 for No. 9,
irons sell at SIG 0O69l7 90 for No. l. SIS 5O6G 25
Cor No. ,; SIS 5OGl6 20 FOR No. soft and Sl4 90
74 50 for gray forge.
SpicEelaiSen and ferro manganese-The
sale reported in our last issue as having been
mace by domestic manufacturers of spiege-
lesen to an Eastern mill. proves to have
been done hv importers. Ferro maganeSe is
dull a SEA OO6 4 81 for 50 per cent.
Blllets and rods-The Eastern billet mar
ket is quiet, the report that a barbed wirc
mill in this section had purchased few
months supply Of foreign billets Tor re-eX-
port business not being confirmed. We
quote rods SIS a tIdeWater.
Steel railS-Thc market continues eN-
tremely dull, no sales of any consequence
having been reported during the week un-
der review. The Maryland Steel Company
hes been formed, with f. W. Wood as Presi-
dent, TO operate the Sparrow's Point cXten-
sion of ;he Pennsylvania steel Company,
this form of organization having been found
necessary on account Of the differences in
land, and for the sake OF operating the two
plants Of the company separately. We con
finue to quote steel rails at Eastern mills
steady 1T $50 75 to SSl at tidewater.
Rail Fas:enings-The market is dull at %
2lOc for spikes, and 1.70@lS0 for bolts and
nuts, delivered.
Manufactured Iron and Steel--There have
been no transactions of magnitude during
the week under review, although current
business is III fair volume. Prices, however,
show no Improvements thus far, quotations
remaining as below: Angles 1852 Ice;
Bheared plates, L9562 25c; tees, 2.4502 75c and
beams and channels, Sic. on dock Steel
plates are 3T2 sc for tank. 1892. &c for shell
and a.582.Tc Ior hange, on dock. Bars are Ii
&c on dock.