Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-21
STILL IN THE DUMPS.
The Iron Market Shows No Particu-
lar Signs of Improvement.
STEEL RAILS REMAIN INACTIVE.
Eastern Mills Will Probably Have to Close
Down Entirely.
STATE m TINT HlprIrN nV
TEEL RAILS REMAIN INACTIVE.
STATE OF THE FOREIGN METAL TRADE
TsPECGAL TELEGRAM TO THE DISPATCH J

ISPECIAL TELEGRAM TO THE D1SPATCH.l
NEW YORK, Aug. 20.-The Iron Age re-
ports the condition of the iron and steel
markets as follows:
American Pig-The New York market
has shown very few changes, the only item
of interest being unconfirmed rumors of
the selling of Southern gray forge on the
basis of 50 80 Northern brands are quoted
al SIG 7591S 90 for No.. ]; SIC OO@16 SO
for No. and Sl4 00(G14 50 for gray forge.
Southern irons sell at Sl6 OO@17 90 for No
!; SIS 25@16 90 for No. .; SIS 50@16 90
for No. / soft, and S14 0o@14 90 for gray
forge.
Spicgeleisen and Ferro Mancanese-The
market has remained exceedingly dull.
There are reports than one of the leading
rail mills has asked that deliveries of foreign
spicgeleisen he postponed On account of the
closing down of the works. We continue to
quote, nominaIly: Spiegcleiscn, 81 5oG2s 90,
and Ierro manganese, SGS 5cd64 on.
Bilets and Rods-In domestic billets the
market Is dull, while in foreign billets there
has only been one inquiry of consequence.
Importers name S3l 59R3l IS for foreign
stock. Domestic open hearth biliets are
held ut S37 O0d3S 90, while domestic wire rods
IN tho East are quoted nc SS1 7jGI5S Oh Mt tide
"
tons OF foreign wire rods for shipment to the
Pacific coast at prices lower than those
which could be made by home producers,
chiefly on account of low freights from
Europe TO Pacific coast ports. Conferences
arc reported to he going on between Amer
Jean wire rod manufacturers. a gathering or
this kind having <aken place at a leading
seaside resort. From the West come reports
OF n large business in domestic rods, the de-
tails OF winch, however, are not yet avail
able.
Steel Rails-EaStcrn mills do not report n
single transaction of consequence, and there
Is little business in the market. The Eastern
mills are rapidly cXhausting their orders,
and il seems probable that some of them
early date. In fact. one Of the mills has al
ready notified those with whom it has con-
tracts for ore pig and spiegel that deliveries
must be stopped for the present. The price
remains unchanged at $50 7563l 90 at tide
water.
Hail fastenings-Aside from q contract for
fish plates with Canadian road, very little
business l. reported. Quotations for spikes
remain at 2ljG2..5c delivered. the price
2Sor and fish plates, L7O6l.S0c.
Manufactured Iron and Steel-The mills
tributary to this market report that while
they are still working busily on old orders,
Jhe amount of work for architectural pur-
poses which is nov coming up is small.
Plates have shown a tendency toward weak
ness the only large contract now on the
for gas tank. We continue to quote:
Angles, 1852 l0c: sheared plates, 1892 25c:
tees, 241G2.1Jc, and beams and channels,
Sic, on dock. Steel plates are la5Gl2. I5c for
tank. 2.3d2.6c for shell and 2.5d2.I Tor fiange,
on dock. Bars are l76 lSc, on dock.