Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-16
MANY ORDERS PLACED.
A Much Better Demand for Pig Iron,
With Prices Holding Up.
STIFFENING IN SOUTHERN RATES.
Clear Advance Of Twenty-Five Cents on
Western Sales.
STATE OF THE FOREIGN METAL TRADE
SPECIAL TELEGRAM TO THE DISPATCH !

SPECIAL TELEGRAM TO THE D1SPATCH.1
NEW YORK, Oct. 15.-The Iron Ags re-
ports the iron and steel markets as follows:
American Pig-Sellers in this section re-
port that while an effort is being made to
obtain full prices. occasional weak spots do
appear, SO that in some instances buyers
succeed in covering requirements for the
near future at prices close to the lowest
made. Southern furnaces are stifening.
During the past week there have
been sales in the West of large lots,
including one block OF 10000 tons,
another of 5000 tons, and a third of
$500 tons, for delivery during the early
rart of next year, on the basis of SO, Birm-
ingham, for gray forge and SO 25 for No. 3
foundry, figures which show a clear advance
of CSC q ton. We understand that the
Tennessee Coal and Iron Company had on
their books orders sggregating $4,000 tons
on October l, and have since then added
nearly 10000 tons more. We note also
sale in the Lehigh Valley of 5000 tons of
gray forge 20 local mill NJ Sl3 40. We
quote Northern brands. SIG 75(G1S 90 for
No /: SIC 0Gd16 80 for No. >, and Sl4 00@
Il 30 for gray forge. Southern iron sells
ct SIG 25(Il7 90 for No. l. SIS J0(G16 90
for No. .: S1i 5OGd14 15 for No. ) foundry,
and Si4 25G14 30 for gray forge.
Spiegeleisen and Ferro Manganese
There has beer no business whatever in
spiegeleisen, which we continue to quote
noninaIlv at S27 50G2S 90 for German and
English Foreign manganese has been sold
only in a ioJbing way, with tidewater
price remaining nominallv at S64 90.
Billets and Rcds-From the West come
reports that the mills. while willing to book
L
disposition TO shade S25 90 for delivery
after she first of the year. Foreign billets
NAV nominally be quoted at S31 00@31 80
In domestic rods tidewater works has had
placed an order for upward Of 10000 TONS
and has also taken quantity of No. Q. We
continue 10 quote S37 5G(G3S 90 at tide
water.
Manufactured Iron and Steel-Bids for the
McComb's dam bridge have been opened,
the lowest bidders being the Union Bridge
Company As vet, however, the contract
has not been closed. During the week the
Rothsehild building calling for about 1900
tons of structural material, was taken, as
was also another structure requiring about
1000 tons Local mills report only mod
crate amount of business. The fact that
about 13,0e0 :oGs have been placed iii Phila-
delphia for the Reading Company indicates
that some of thc mills are getting into good
shape for future orders We note an in
creased disposition to introduce the foreign
beams into this market, a number of
firms having the matter under considera-
ton. German steel beams, American sec
tions. are offered at 2.6Oc, while other sec
,inns may be purchased as low as .. .35c We
continue 10 quote: Angles, 1.G00 .. 1Oc;
Sheared plates, 1862. 25c: tees, Asa 75c,
and beams and channels, sic on dock
Steel plates are 1.95G2 16c for tank; 22O(d
= Soc for she'll: 245d2 G5c for iange: 26j(1
2.I5c for marine, and 3CG3 25c for firebox
on dock. Bars are 1.7@19c on dock. Scrap
aIles are quotahle at . 15d2 poe delivered
Steel axles, .. 1J(d2. &c, and links and pins,
2i5cG2 20c.
Steel Rails-Some of the mills are fairly
well off for orders rEnning on single turn,
bat others have very little on their books.
During the week only small lots have been
placed, including one of about 1,300 tons
!or the elevated road, and a like amount for
Mexican road, prompt delivery. The
price continues steady ut $50 so, tidewatcr
Some sellers note that what inquiries are
received are coupled with demand for an
option on further amounts.
Track Material-We quote 2 15(G2. 25c for
spikes, 1.75G1 9Oc for fish plates and 2. S0@
3.1nc for bolts delivered.
Old Material-Free offerings of old ma
terial continue better, but with very little
business doing.