Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-01
BESSEMER Is WEAK,
But an Excellent Demand Prevails
for All Grades Of Pig.
sKELP IRON AND STEEL ACTIVE.
Scrap and Old Iron Rails in Good Request
and Advancing.
MUCK BAR AND sPELTER ARE FIRMER
FRIDAY. Sent. 30,

| FRIDAY, Sept. 30.
Trade in raw iron and steel has shown a
further Improvement For most descrip-
t'ons there is larger inquiry; buyers ap-
pear to have made up their mind that fur
ther postponement may be dangerous. The
situation as regards Bessemer and gray
forge pig iron looks more promising, the
advantage having been transferred from the
buyer to the seller. The statistics OF the
trade present tangible evidence that the
current production is all being taken and
| more besides, and this circumstance has
made buyers a little more anxious. In fact,
buyers now have to do most of the travelling,
put at the same time the increase has not
beeAsufficient to justify the starting up of
new furnaces.
"A gentleman west of this city was in town
the other day inquiring the lowest terms for
figures did not meet his views he left with
out purchasing The undertone of tie mar
ket 1s certainly more favorable to makers.
Ihe inquiry for iron for prompt delivery is
uecluealy more freQuents indicating bey ond
question that consumers have little stock
on hand, as their arrangements about de-
llveries are generally quite close. We hear
OF certain producers declining to accept
orders for late delivery at present prices
ana some Southern makers have raised their
prices little for certain grades, but this is
aDout tne only cnange on the part OF tne
seller.
An Eastern Opinion.
An Eastern dealer remarks: 'Some good
concerns talk very hopefully in regard to
the situation. They have a demand at full
current rates for every ton of iron they own,
and in some instances have sold their entire
output for the balance of the year. Others
who control large quantities of iron say it
requires hard work to prevent accumula-
ton, and that inside prices are the most
they can realize on large lots. Both these
reports are doubtless actual experiences
and between the two it Is probably fair to
assume that the market is in moderately
good shape among active or favorite brands,
but somewhat heavy on medium and low
Qualities
Temper of the Market.
Structural material is in active demand
and prices are firm with an upward ten
dency. Muck bar is in improving demand
and holders firm. In steel billets prices are
governed by time OF delivery, with the mills
well sold up Mill iron is steady and un-
changed. Bessemer sold at sl3 75@H 90. In
skelp iron and steel the demand is active
and prices are well maintained. Old iron
and steel rails are scarce and wanted. Scrap
material Is active and advancing. Spelter
is active and prices are fully maintained.
Foundry irons are steady at last weeks
prices. Taken as a whole the outlook is IA
vOrable.
Late News and Gossip.
The Bellaire Works have sold all the
billets they can make to January l, 1898.
The Riverside Iron Works are putting all
their steel into skelp for use at their own
pipe mill and for 60 to other pine mills.
Laughlins and the Junction Steel Company
are sold up to December l, 1892 shoen-
berger & Co. cannot spare any of their stock
for love or money during October. Jones &
q mi nj hQi
their main trouble is to deliver enough to
parties whose orders they have to keep
satisfied. Carnegie & Co. are buyers of steel
and not sellers The Homestead mill is
sold up entirely for October and part of
November.
IRON ORES.
13 900 tons Bessemer ores at Lake docks 90 cash