Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-04
SELLERS STAND FIRM.
They Have Reached the Limit OF Con-
ceSsiOns to Purchasers.
A STRONGER FEELING PREVAILS
In Iron Circles, Although the Increase in
Business Is Slight.
STATE OF THE FOREIGN METAL TRADE
rsrrc1A1 TELEGRAM TO THE prsrArcH.l ]

ESPECIAL TELEGRAM TO THE DIsPATcH.1
NEW YORK, Sept 3.-The Iron Age re-
ports the iron and steel markets as follows:
In all branches of the iron trade there
has been little actual increase in business,
but there is unuuestionablv a stronger feel
ing in some lines, expressed chiefly through
the fact that sellers will not at the slightest
sign of resistance on the part of the buyer
abandon the position taken by them and
make an effort to capture business by prompt
concessions. 1t is beginning to happen that
a seller has an ultimatum and stands to it.
The only fact which causes uneasiness is the
report of sales of steel billets at low figures
by leading Pittsburg maker.
American Pig-While there is a 1alr IN
quiry for foundry irons, forge grades are
dull There have been some sales, in round
lots, of Michigan, charcoal iron on the OASIS
of s7 80 B9ao n Northern d N eTsnSs s1e So6 80
for No. ., and SI4 OO@l4 50 for gray Jorge.
Southern irons sell at SIC Oc@l7 90 Tor No. 1
SIS 25dl6 90 for No. , SIS 5e@l6 90 for NO.
soft and SI4 O00l4 50 for gray forge
Ferro Manganese-The foreign comDlna-
ton has advanced the price of ferro man
ganese, and importers now quote s0+ oo9
s. 90. Consumers, however, seem MSi. S ,ep, sap
plied efforts to place ferro at the OLD price
in anticipation of the advance not having
led to much business.
RilletS and ROdS-ln the East tue HlstThet
is very dull The feeling is easier as the re-
suit of the reports from the West, where
wire billets are reported to have been sold
at s24 50624 IS. while rods have changed
hands at SS3 5O634 90. Here we quote Tor
eign billets at sS1 25G3l 80, and domestic
wire rods at sS7 50d3S OO. tidewater.
Steel Ralls-After many weeks Of dullness
we can now record the placing OF one good
order for about 10000 tons, for Southern
railroad by the Maryland Steel Company.
The feeling in the trade is hopeful, and the
apDealance of some inquiries for round lots
after so long a period of stagnation is re-
RarGed as an earnest of the better times to
come And vet there is no serious thought
OF higher prices, but it is believed that be-
fore long the representatives OF the mills
will come together and deal with few mat
ters of detail which need adjustment. We
continue to quote $50 756l31 90 at tidewater.
Manufs ctured Iron and Steel-Conditions
are practically unchanged. There is falr
amount of architectural work at low prices,
very active competition for bridge work, and
continued weakness in plates. Bars, how
ever, show a somewhat stronger feeling, and
a moderate advance is among the posslDlll-
ties of the near future. We continue to
quote: Angles, 1902. l0c: sheared plates,
1892 25c; tees, 9.45G12. 75c, and beams and
channels, 3lc on dock. Steel plates are 80
az l5c for tank, 225Gl2.6c for shell, 24@2.6c for
fiange, and SOS 25c Tor fire box, on dock. Bars
are L16l9c on dock. Scrap aXles are quota
ble at :. .l5622 20c delivered.