Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-04
Sickness, the Shut Down and the
Coke Strike Hurting
Business Here.
PRICES SHOW A DECLINE.
Only Limited Demand for Southern
Iron in This Market.
CITY PIG COMMANDS TOP PRICES.
Actual Sales Reported By Home Brokers
During the Past Week.
TIE MARKETS OUTSIDE OF PITTSBURG

OFFICE OF The PITTsBURG DISPATCH, !
FRIDAY, April 3.
RAW IRON AND STEEL.-The market
during the past week shows but little change
and no improvement as relates to prices or
ness to a certain extent was a secondary con-
sideration. In visiting the leading broker S
offices we found most of them absent and
regret to note that many are suffering with
sickness; others, again, showed little incli-
nation to transact business.
The first week of the second quarter of
1891 does not open up very favorably for
business. Sales of all descriptions were e1-
ceedingly limited, merely for small amounts
for mixture purposes. Buyers are not in
clined 10 make contracts for future delivery
unless prices are shaded; holders, however,
are of the opinion that prices have been
shaded often enough The coke strike is
still on; there is, however, considerable
more coke made than at date of last report.
There are number of furnaces here in op-
GRAFTON, incl uding Isabella, Carrie, NJ oorhead,
McCle&ne & Co., and others. The supply o.
pig here and in the valley is considered ample
for present purposes Reports from theShenan-
90 and Mahoning valleys represent the stock of
pig in first hands light. Most of the furnaces
continue banked" or blown out Furnace
men are still after the railroads for cheaper
transportation and coke manufacturers for
cheaper coke; so far they have not been able to
bring either party to their terms. The nominal
price for furnace coke is 81 80. 1t is reported,
on what is considered good authority. that
sales have been made at rates materially
higher. We give the report for what it is
worth.
The Grip Hurting Trade.
a leading dealer is authority for the state
ment that common and good iron is being
mixed for certain purposes in order to reduce
cost. One thing is Self-evident that until the
health Of the city improves business will be
very much restricted, 1t is to be hoped that
Ne have seen the worst Citymade pig CON-
mands top prices. The demand for Southern
ron has been limited here, although a number
# lots we're disposed of at Wheeling and other
ports. Beng received by water the cost of
ranspor:ation was materially below all-rail
-ates.
TEE oUTLooK-Prices compared with last
week show slight decline. Bessemer, lowest
ale last week, SIG 25; present week sales were
made at Sl6Gl6 Is. Mill iron held its own; de-
naud light, Steel slabs and bilets sold at last
weeks figures; demand light Ferro man.
ganese, so per cent Baltimore delivery; shade
over. Muck bar, sales reported slight ad-
vance over last weeks figures. Steel wire rods.
prices held their own. Skelp iron. narrow and
Zrooved steady; sheared iron, sales at a decline.
New steel rails nominal; works shut down TO
ait for orders. Old iron and steel rails, busi-'
fess has been restricted; prices without ouou-
.ule chanEe. Scrap material continues IN fair
lemand, with moderate amount of transac-
ions.
THE LATEST-Market weaker, prices de-
clined- Sales of Bessemer at Sl5 75 and gray
forge at SIS IS cash.
The Weeks Actual Sales.
The following shows the weeks dealings in
ron and steel: