Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-02-27
A FREER MOVEMENT
In Pig Iron Causes the Absorption of
the Current Output.
THE HARRIET SOMEWHAT TONED UP
Steel Rail Transactions Are Confined to
Small orders.
STATE OF FOREIGN METAL MARKETS
STATE OF FOREIGN METAL MARKETS

rsrEc1AL TELEGRAM TO THE DIsPATcH.i
New YORK, Feb. 26.-The Iron Age re-
ports the iron and steel markets as follows !:
American Pig-Deliveries of foundry iron are
running someN hat freer, and in the instance oil
particularly favored Northern brands. the
movement has been sufficient to make some IN
roads upon the January accumulation at iur-
n.ces besides absorbing the current output
The popular brands are thus holding their own
remarkably well, while on Others that don't
stand as high in The estimation OF consumers,
prices are stIll lsomewhatirregular. Several lots
Of warrant iron, for example, have been
disposed of at Sll . at furnace
or the equivalent to Si5 50 at tidewater for No.
. winch price is 5Oc6Sl below those quoted for
standard brands by furnace agents. Orders for
hign grade foundry pig are coming along very
fairly ard serve TO give more tone to the mar
let IoU that class of material; but low grade
foundry and min icon seems to be plentiful at
old figures. The extreme range on Northern
brands is SlTaIS for No / Sl6Gl6 % for No. =
ana sl4Gl5 iur gray forge Southern sens al
SIC .5dI7 90 for No. foundry, SIS 25dl6 toT
No. and Slidl5 Tor No. 3 according to brand.
Sniegelei>en and Ferro Mangauese-Somc
orders for 70 per cent speigel have been placed
At abou SIS tor German and S2S JO Tor EnGusk
and at S2S 50 for lO6l2 per cent but the De
Inand l. SLOW At present. and it would doubtless
be difficult to move additional quantities az rs
good pIices. For SOper cent ferro m&rganese
Inere i little demand ana prices are DdEel9
STEADY AT SGlIS62 for deliveries here.
S;ecl Rails--AS far as reported. the transac
tions have been confined wholly to unimportant
lots and chiefly little sections. Large orders
are held in allegiance. and railroad companies
apparently have no great faith III the endur-
auce OF the rail manufacturers agreement. 1t
is a TACT that small orders have been taken at
$50 less brokerage, and buyers assert that the
rase quoted has been, and still would be, shaded
on realty desirable orders. 1t would thus ap-
rear that the firInness of the market is largely
superficial
Blets and Rods-There is no change in the
S:.8atiOu here. Orders couIe in slowly and are
invariably for unimporIant quantities. Ordi-
rary soft biilets are sill quoted at S27 5U@2S,
I. @. b. Eastern Pennsylvania mill, and wire
rods At SGSi IS 80 at tIdewater.
Manufactured Iron and Steel-In this line
new business has been unimporIant. Prices
are still irregular We quote: Angles. cG2l
sheared plates 205G225 tees, 2O5G2T5c. and
beams and channels. sic, on dock. Steel
plates are 205G2l5C for tank. 235G26 for
shell and 26a27o for hange, on dock Bars
are L7Gl.9c. on dock.
Rail Eastenings-The purchase is reported of
10000 kegs of spikes for the New York Central
Railroad Company at a very low price. Out
side Of this nothing more than routine transac-
tions come to notice. Values are still rather
in buyers favor; L906 .95c is quoted for spikes,
l756l.S 'C for angles aud 26562. 75c for bolts
Old Material-SaleS of old iron rails have
heeu few in number and confined to small lots
ON tees. better offers than S2l are rare, and
holders consider S-2d22 50 as being very close
rates. Wrought scrap has been sold at Sl9@
l9 80, ex-ShIp, to the extent of several hundred
tons. Parcels afoat may be had at the same
price.