Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-04
iron TRADE REVIEW.
Sales for the First Wek in July
Here Prove Tat the
Trade S
<1ENA VERY HsfTHY CONDITION.
Prices Are Well Maintained, and the
BeSSemer Furnaces Are All
Sold Ahead.
TIE SEASONS BIG IRON ORE TONNAGE
Condition Of Trade at All the Principal, Iron Trade
Centers.
OFFICE OF THE PITTsBURG DISPATCH
EpnnAN I1nlnr 9 1

RAW IRON AND STEEL.-The past month
was an eventful one in many ways. The
thing most feared was disagreement be-
tween iron men and employees in regard to
the scale for next year. Fortunately this
has been satisfactorily arranged, so that
:here viii be no difficulty on that point.
The carpenters strike, that has been on
since the LIST of May, is now over, and un-
less all signs fail most Of the idle carpenters
will be found at work on Monday. Not
withstanding these drawbacks the iron trade
of Pittsburg has moved along steadily, the
June sales of raw iron and steel being the
largest ever made, reaching 325, $50 tons,
against 199, 400 tons for June last year;
increase, 126, ,499. All things considered,
the increase is certainly a remarkable
one, and shows conclusively that Pittsburg
is what we have always contended-the lead
ing iron market of the United States. While
most of the iron men in leading cities have
been talking about a duh market, and pre-
dieting terrible things in the future, our
manufacturers have been buying and selling
to such an extent as never was known be-
fore. The iron and steel trade shows no in
dications of weakening, and the advance
noted previously has been fully maintained.
The Outlook for the Fall Trade
is very promising; most of the furnaces here
are well sold up and have no fault to find
with the situation. The sales for future de-
livery have been so large that the only re-
pairing that will be done will be something
that can't be dispensed with. The stock of
Bessemer on hand is extremely light, hence
most of the transactions reported are for
later deliveries. Now that the carpenters
strike has become thing of the past, we
may look for an increased demand for
structural iron. orders will soon be coming
in and activity may be looked for in that de-
partment in the near future.
NEW. STEEL RAILs-No special sales have
been made since our last. Prices are firm,
and mills in this section are very busy.
Prices, so far, show no change, $50 at makers
mill being the value placed on steel rails.
IRON ORE-The tonnage for 1912 sold
reaches the enormous amount of 5000, 900
tons No further reduction in prices is ex-
pecred.
SKELP IRoN-The demand continues active
The June sales exceed l6, COO tons. Wide and
narrow grooved shows no changeEin values
Sheared iron advanced 215c per pound. This
looks we'll for the pipe trade.
BEssEMER PIG-Prces well maintained.
Later deliveries were more fancied and show
an advance in figures.
GREY FoRGE-Market steady with larger
demand, certain brands being held at an ad-
vance.
STEEL SLABS AND BILLETs-Sales liberal, in
most cases at an advance over last week.
particularly for late deliveries.
The Miscellaneous List.
Ferro manganese was more fancied. Sales
at Seaboard show an advance. Muck bar
steady, and prices well maintained; August
delivery shows slight advance. Bloom
and rail ends show no change in values
Steel wire rods were more inquired for;
sales show an advance for August, Septem-
Der and october delivery. Spiegel shows a
slight decline. Old iron ana steel rails
The former is dull, prices irregular and un-
certain; the latter inquired for and long
lengths command good prices. Scrap
material dull, holders generally anxious to
realize: an Improvement is looked for in the
near future. Southern iron is dull and very
much neglected. Parties that once use it
say they do not want any more. In charcoal
iron moderate business is doing at un-
changed prices.
The TUATIoN-The week IS business i'll raw
iron makes a large showing. There is great
confidence in the future prices well main
tanned, -Bessemer and gray forge sales were
large, principally for future delivery. New
steel rails-No special sales; prices firm and
the mills in this section very busy. Iron ore
tonnage for lS9l-92-Sales reached about
5,OO0,JO0 tons. There has been no further re-
duction in prices.