Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-25
iron TRADE REVIEW,
A Fair Weeks Business for the
DulleSt Season in the
Whole Year.
A LULL TILL 1T CO0LS OFF,
Consumers Well Supplied With Raw
Material and Furnaces Are
Well Sold Up.
A LULL TILL 1T COOLS OFF.
WHAT TIE SALES FOR THE WEEK SHOW.
Condition Of the Iron Market at All the Centers North
and South.
OFFICE OF PITTsBURG DISPATCH,

FRIDAY, July "a
RAW IRON AND SrEEL-The market since
our last shows signs of weakness as regards
certain articles. The volume of business is
fair however considering we are within
one week of the end of July, generally the
dullest month of the Z. While large num-
ber of mills have signed the scale few are
not satisfied and are holding back, and at
Some points strike has been inaugurated.
Well informed PARTIES predict quiet mar
l1et for the next three weeks, as quite num-
Der of leading iron men are leaving town to
take well earned rest, so that to a certain
extent the market will be deserted by its
friends
The Shenango and Mahoning Valley fur
naces are selling good deal of iron, prices
bein- fully up with Pittsburg. The manu-
tSctarers OF these districts are real live busi-
ness men. Southern iron does not seem to
be wanted. We have learned of no transac-
tioms for some time. It is evident purchas-
els can do better elsewhere.
Better Times Ahead.
The outlook for the fall and winter months
is encouTag ging. In one sense We have
pretty sure thing. Crops are beyond expec-
tatiOns and, what is OF equal importance,
there is an immediate market for all we
have to spare. This means cash TO the mer-
chant, cash 30 the farmers, cash to the rail-
roads, cash to everybody. Inc only GILL;
culty appears TO be that even this brilliant
outlook cannot be discounted as in former
times hence a large portion of the trade of
she country Is waiting until the financial
pos ltion l. assured beyond doubt. How long
before this Can be done is a problem which
time only can solve.
y well informed Eastern broker has this
tC say: business is light in all departments
although prices are generally maintained.
There ts demand enough for both crude and
finished iron to absorb all the cur
rent production, so that very little
material goes into store for want
Of purchasers. Pig iron production,
too. Is mounting rapidly to the high figures
OF last spring and summer; of course it is
here and there in the prices of certain grades
OF pig
The Changes Since Last Week.
The situation compared with last week:
BesSemeT pig not so much fancied, prices a
shade weaker; consumers evidently well
supplied. Gray forge weaker, 10 to Is cents
per ton lower. Steel slabs and billets, prices
25d50 cents lower for August and Septem-
Der; Muck bar steady at last weeks figures.
Skelp iron, narrow and white grooved, un-
changed; sheared iron declined 5 cents
EerrO manganese, PlttSburG prices for do
meStic maintained: New York delivery q
shade lower. Steel wire rods unchanged.
Scrap material dull, prices weaker.
The LATEST Notwithstanding dullness
trade for the weeh shows up well. For Bes-
semer the demand has been light, consum-
erS having laid in good supply earlier in
the month; prices unchanged. Gray forge
steady at slight decline. Blooms and bill
lets show only slight falling of in demand.
Iucl Bar steady. Old steel rails long
lengths IN demand at fair prices.