Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-20
PICKING UP AT PITTsBURG.
More Encouraging Reports Sent From
This City by Iron Manufacturers.

More Encouraging Reports Sent From
This City by Iron Manufacturers.
NEW YORK, May 19.-LSpecfaL 1.-The Iron
Age trade report to-day says: From Pitts
burg we have reports of noticeable i'm
provement in the demand for some lines of
finished material. such as steel plates, wire
rods, plain and barb wire and wrought pipe
But while the outlook is thus better as to
volume of business, an advance in prices is
not expected at present. Heavy deals in
pig iron are pending at Pittsburg. Besse-
mer appears to have settled down to
$ll Is for early delivery, at which
block of 10000 tons was sold,
while 1900 tons brought $A 40, delivered.
Steel billets are quoted ut ST. 35GD22 15 at
Pittsburg, but large buyers are endeavoring
to force prices lower, claiming to have had
offers at SO 25. Our Northern markets report
increased business in pig iron. The month
of MAY promises TO show n very large ton
mage of sales. The tendency OF furnacemen
in some parts of the country, in which COM
mission houses have hitherto controlled the
pig iron trade, to ignore them and make
sales direct to consumers. prevents many
trades from becoming public. Taking
the aggregate of business known to have
been done in the leading markets the past
week, it will not be surprising if stocks at
furnaces show q good decrease on the lst of
June. Finished iron and steel are suffering
severely from the competition among
makers for such business a. is now coming
forward. Ine prices puDllSneu InlS week
touch th g lowest depth thus lar reached in
this period of depression.
The foreign markets are revie wed by cable
as follows: Operations in pig iron warrants
have not increased materially, but higher
prices are current all along the line, due
chiefly to uncertainties attending the Dur
ham strike, q settlement of which appears to
be far OIL. Continued heavy drafts upon
supplies of iron in public stores also tend to
affect the market. The total of Scotch iron
in warrant stores is now 4S3, 900 tons, or 200
tons less than week ago, and the amount
of Cleveland held there has dropped from
9S 900 tons to So 600 tons. Scotch warrants
sold up to 40 I014d, Cleveland to 3Ss lid, ard
hematite TO 4S5 I0d. Sales of Spanish hema-
tite iron, it is reported, have been made Mt
prices that were current before the strike,
Tor delivery on the East coast.
Pig tin has advanced about l5s, chiefly un-
der the influence of rather small spots
stocks moderate, shipments from the Straits
and exports to America. Outside specula-
tion moderate and chiefly in futures. Cop
per is firmer During the latter portion of
the week there have been more speculative
and freer purchases for consumption, which
together with favorable Gdvices from Amer
ica and more inquiry from the Continent,
restore confidence. In tin plate there has
been rather more business, chiefly in Besse-
mer cokes and ternes. CharcoalS are neg
lected. A large demand for black plate is
noted from Spain, and heavy consiGnments
have been made to avoid the new duty.
Steel ship plates are down to f6 25 Sd, I. o. b.
Barrow, and the market is dull at the de-
cline.