Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-24
BIG PIG IRON CUTS
On Southern Products Show a Strong
Tendency to Weakness.
A SMALL BUSINESS In BILLETS.
Encouraging Prospects From New Ocean
Steamship Contracts.
STATE OF THE FOREIGN METAL TRADE

ESPECIAL TELEGRAM TO THE DIsFATcH.l
New YORK, July 2S.-The Iron Age reports
tho condition OF the iron and steel markets
rs follows:
Pig 1ron-Reports are again numerous of
special transactions and cuts on Southern
pig iron, which indicates a weakening ten
dency among some of the sellers in that Sec
tion of the country. So far as we can learn,
this has not as yet seriously disturbed this
market Northern brands are quoted at
SIG 757ls 90 for No. l; SIC OOnl6 80 for No. 2,
and sl4 OD64 so for gray forge. Southern
irons sell at Sl6 00Gl7 90 for No. l: sl5 ESQ
SIS 90 for No 2: SIS 5JG l6 90 for No. soft, and
Sl4 OoGl4 30 for gray Jorge.
Spiegeleisen ana ferTo manganeSe-The
only transactions of magnitude have been
the sale Of few hundred tons of imported
ferro manganese at a shade under S64 co.
Rumors are again afioat that there exists
combination between the leading American
sellers and the foreign works. These ru-
n1ors. however, are not credited in this mar
kct
Billets and rods-There seems to have
ueen a cessation of business in foreign bill
lets for re-export. although SIS 3D. is the quo
tation made at foreign shipping ports. In
the East the market has been very quiet,
both in hillets and in wire rods.
steel rails Another week of absolute
stagnet1on must be recorded so far as the
Eastern mills are concerned, and at least
one large Western works reports that orders
are as light as they have been for some time
ItlSfr 1AAo OlllCldl report OF I0e DOuTu OF
Control shows the shipments of standard
sections OF rails up to July to have been
40, 40 tons. which proves that our estimate.
made some time since, OF $4,000 tons, was
Very close TO the truth. Orders booked up
TO July aggregate sOS.9l0 tons. This shows
1hat during the whole month of June the
sales by all the mills aggregated only 1900
tons. The market remains steady a $50 I51
g. 90 at tidewater.
Eail fastenings-Western makers of spikes
report some heavy sales during the past
week and have advanced their price to 2.l0c
AZ mill, equivalent to .25c at tidewater.
The combination which exists among the
manufacturers is similar in its details TO the
association which was formed some time
since among the steel rail makers. We
quote: Spikes 2l5d2 Csc, delivered; bolts
and nuts 2.7Od2. soc, and fish plates, lT5Gl Soc
Manufactured Iron and Steel-The most
encouraging news of the week is that at an
early date contracts viii be given out for six
large ocran-Coing steamers, two of them to
ply between New Orleans and Liverpool and
one Tor The Pacific coast. These will bring
ont some very heavy orders for ship plates
and for the necessary structural material.
are very short of orders, but decline toname
lower prices to induce business. The bridge
makers continue bid low prices. The high
way bridge at Holyoke brought out bids
ranging between SIC and 44c per pound,
erected, for structure, calling for about 1900
tons Oi iron We quote: Angles. l.9a602 l0c;
shcared plates, 1902 25c; tees. 4562. 75c, and
beams and channels, Sic on dock Steel
and 2.5G2.7c for fiange on dock. Bars are IL
Gl.9C on dock.
old Material-Absolute stagnation con-
tinues in the old iron rail trade the last
sale having been q lot of 200 tons at S2l so.
There is considerable inquiry however for
but little business is done since sellers views
are usually too high.