Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-11
THE DEMAND STEADY
Fer All the Standard Brands of
American Foundry Iron.
DULLNESS IN FERRO MANGANESE.
Inquiries for Steel Rails Are Becoming
More Numerous Lately.
STATE OF TIE FOREIGN METAL TRADE
ESPECIAL TELEGRAM TO THE DISPATCH. ]

rsPEcTAL TELEGRAM TO THE DIsPATcH.l
NEW YORK, Sept. 1o.-The Iron Age re-
ports the condition of the iron and steel
markets as follows:
American pig-The demand for standard
brands of foundry irons continues steady
enough to absorb current production, so
that there is little or no pressure to SELL
of irons can only be placed at a sacrifice,
however, and forge grades continue weak,
Southern iron selling on the basis of 50 so,
Birmingham. Northern brands are quoted
at Sic 751S1S 90 fo- No. 1: 81 6G0@16 so for
No. .. and S1i O0G14 so for gray forge.
Southern irons sell at Sic OO@17 90 for No,
l. SIS 25e5lG 90 for No. .: SIS 5O9l6 90 for No. l
soft. and Sl4 OOl4 50 for gray forge. The
low prices at which Bessemer pig is selling
in PiUtsbUrg are the subject of much COM
Lnent.
Ferro anganese-Importers and agents
Of foreign producers are agitated over sale
Of foreign ferrO manganese just made IN
this market A lot OF 500 tons, part october
shipment, balance prior to close OF navlga-
tiOn. has been sold tc an Eastern steel COM
pauv. 1t is charged that the combination
price of S64 80 Was cut by at least 81 per ton.
II rhiS accusation is found to be correct,
there is little DOUBT that the combination
will not last long. The agents OF
number Of foreign makers have been
very restive under the restrictions which
the agreement imposed, and have ques-
tioned freely the wisdom of policy which
practically turned over 10 the leading Amer
lean producer the whole of the country
West OF the Allegheny Mountains, whereby
far the largest part Of the mild steel pro-
CuCed in this country IL made. Spiegeleisen
remains veTv dull at nominallv S2G A0G2S 90.
EiTets and Rods-The market is dull.
There have been only small sales of billets,
the business being captured by Western
mills at low prices. We quote foreign
billets. sSl 253SI so, and domestic wire rods,
ridewater delivery, SS7 50@f3S 90.
Swedish Rods ana Bars-During the past
few weeks the market has stiffened very
materially. RiveU rods. which sold as low
a So OlG0js 90 and Swedish bars, jobbers'
specifications. are S6s OG069 &C.
Railroad Fastenings-A few fair orders
have been given out for angle bars and
there Is some business pending. We quote
angle bars, l10GL75c: spikes, 205@2. l5c;
and bolts and nuts. 27OQ2. soc.
Aanufa ctured iron and steel-The volume
Of business is good, but prices have not Us
Vet shown the slightest disposition to har-
den except in bars. Plates are weak. We
continue to quote: Angles, 1902 l0c: sheared
plates. LS5d2. .25c; tees. 2456I2 75c, and beams
ana channels, sic on dock. steel plates are
1892 -. fOr tank: e.25GI226c for shell: 2.49
= g. :or tia0ge. and Sd3.25c for firebo0 on
dock. Hars are L7GL9c on dock. Scrap axles
are Cuotable at ,. l5EI2. .2Oc delivered.
Steel raiis-At the hour of going to press
no reports were available concerning the
proceedings Of the meeting of manufactur-
e~s or steel rails At the office of the Illinois
steel Connanv in this city The market is
still very quiCt. Inquiries are more numer-
UuS. but the record % actual sales is very
1n1areT. We continue to quote $50 75 tide
water.