Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-13
METAL MARKETS DULL.
Most of the Furnace Companies Hust-
ling Hard for Business.
SOME STEEL RAIL ORDERS PLACED.
The Plate Market Quiet and Lew Prices
Continue to Be Made.
A LITTLE DOING IN MANUFACTURES
rsrrc1,1 TELEGRAM TO THE DISPATCH !

rsrEcrAL TELEGRAM TO THE DIsPATcH.l
NEW YORK, Nov. 12.-The Iron Age will
saw tomorrow, in its review of the metal
markets:
American pig-Sellers generally report the
market exceedingly dull. With the excep-
tion of one or two producers of standard
grades, the majority of furnace companies
are seeking business quite eagerly. We quote
Northern brands, SIG 15@lS 90 for No. l; SIG OO
@l6 50 for No. 2. and sl4 o0@l4 so for gray
forge. Southern iron sells at $40 256l7 90 Tor
No. ]; SIS 50@l6 90 for No. 2: sl4 5OGl4 20 for
No. foundry, and sl4 e5@4 80 for gray
forge.
Spiegeleisen and ferro romanganese-No new
business is reported inc spiegeleisen, and
aside from jopbing lots nothing has been
done in ferro-manganese. In the latter there
are many rumors of low prices. We quote
10 20 l2 per cent, S23 C0G24 90; 20 per cent
s27 0062S co. and so per cent ferro, S62 00663 90
Billets and rods-In domestic billets the
only sales of consequence reported in this
market refer to special high-carbon stock, in
which there is also some prospect ofimports
in competition with domestic material. We
note sale of 5000 tons of foreign billets at
nrivaoe terms for the re-eXport wire trade
Wequote: Domestic billets, 81 0o@27 80 deliv-
cred: foreign bilIets, nominally. SSl@3l 80
and domestic rods, $50 50@37 so tidewater.
Annual Orders for Steel Rails.
Steel rails-The event for the week has
been the placing by the Pennsylvania Rail-
road Company of its usual annual order the
quantity involved being about $1,000 tons,
which is distributed equally to Carnegie,
the Cambria and the Pennsylvania steel
Company on the line of the road So far as
we can learn, none of the other mills have
this year shared in the business. Another
sale reported is a lot of :, 500 tons for a New
England road, taken by an Eastern mill.
Opinions are divided on the question
whether the buying on the part of the Penn
sylvania Railroad will lead to considerable
purchasing on the part of other lines. 1t is
held that the smaller roads do not as closely
follow the lead OF the Pennsylvania in their
purchases OF rails as they have done in past
years We continue to quote prices un-
changed at $50 006l30 80 at MILL
Manufactured iron and steel-No contracts
of any consequence have been placed for
architectural work in this city during the
week under review. We understand, how
ever, that the large building contractors in
this city are now generally figuring on the
substitution of foreign for domestic beams.
There have been no indications thus far
that the beam association is likely to meet
this competition. We understand that the
members of the association are adhering
strictly to the contract, but it is limited by
some that changes are not unlikely to occur.
II is stated that such changes will not be
brought about or influenced by the possible
invasion of foreign beams.
The Plate Market Very Dull.
The plate market is very dull, and low
prices continue to be made. We continue to
quote: Angles 1902 loc; sheared plates
l.S592. CSC: tees, Q 4O62 75c and beams and
channels, g. lOc, on dock Steel plates are
1902. I5C for tank: > 21J62 SOC for shell: 24O6
e.65c for fiange; 2.6OG2.75c for marine, and
S@S25c for fire box, on dock. Bars are L7@
I9c on dock. Scrap aKles are quotable at
22Oc, delivered. Steel axles, 2l5@l2. CSC,
ana links and pins, 2.l562 zoe. We quote
2.l562 S5c for spikes. L7OG I90c for fish plates
n hnl del
Merchant steel-Current reports indicate
great demo1a lization in the spring steel
trade, the price having been depressed TO
24Oc delivered, with special inducements in
some cases in the way of free cIrtage. We
quote hot-rolled shafting, aga lO~: ma
calk, 2.20G2.30c delivered.
British iron and metal markets-Some i'm
provemcnt is noted in the trade demand for |
pig iron, but dealings in Scotch warrants are |
still on moderate scale, and English sorts /
are almost neglected. On Thursday of last |
week some difficulty WAS found in getting
Scotch warrants to meet deliveries falling |
due, and high as Sos had to be paid in |
London. Apart from this, movement in |
prices has been slight. Stocks in Conhal's |
Exports last month were 81 900 tons against |
100000 tons in October. 1890. Latest sales of |
warrants were at AS Cd for Scotch: SIS 6d@ |
SIS I'D for Cleveland, and ASS I'd for hema- |
tite.
No Decided Change in Tin.
The pig tin market is without decided |
change. Out speculation is extremely light, |
and prices are turned almost wholly by op- |
erations of a few traders. Early in the |
week there were good buying orders for |
copper, but these were met by selling Or |
ders given by tired holders. under which |
prices for prompts receded to f44 l0s This |
decline brought in some new orders to buy,
and led to covering of short sales: also |
that caused quick reaction of lbs. Weak |
holders, it is believed, have liquidated.
In tin plate, business has been limited and |
prices have tended downward Ordinary |
Bessemers receded to 12s cd, at which some |
fair lines were placed, but the demand has |
since fallen OFF. Makers express determine
tion to close their works rather than make |
further concession, but four new works /
have started up this week. Exports last |
month 2S,000 tons, of which 12 600 went to |
the United States, against 5000 tons and !
$1,000 tons, respectively, in October, 1890. |
The stock at British shipping ports is now |
226.O0O boxes, against 333, O0G boxes a the cor
responding period last year.
The Metal Marlets.