Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-29
MORE LIKE BUSINESS.
The Metals Not Quite So Inactive as
They Have Been for Months.
MORE SALES, BUT AT LOW PRICES.
Interesting News From Abroad. Particu-
larly in Tin Plate.
THREE MILLS COMING TO THIS SIDE
reyFcrAL TELEGRAM TO THE pIsPATCH.I

ESPECIAL TELEGRAM TO TEE pIsPATCHi
NEW YORK, April 2S-The Iron Age, in
Its trade report tomorrow, will say:
The furry in foreign ore is over. 1t is as
serted by importers that not cargo is now
adoat unprovided for. Consumers could
not expect such a streak of good luck for
them to continue any length of time. Our
cable report from London is very interest
ing this week. Bear operators by covering.
have advanced pig iron in leading British
centers, pig tin has been active at an ad-
vance of 81, the Landore Tin Plate Com
pany, of Swansea, owning seven mills, has
suspended, and three Welsh tin-plate firms
are stated to contemplate erecting works In
this country.
The domestic iron trade continues gloomy
and depressed. Chicago and Detroit are the
only markets in which pig iron has been Mt
all active. Pittsburg reports that the move
ment to shut down furnaces has como to
STOP and it is now given out that furnace =
men making mill iron have an understand
ing to hold the price at s13. sale of
Bessemer pig is reported at $l3 IS at furnace
in the Wheeling district. A large order of
domestic ferro is reported taken at SCI.
Pfttsburg, an exceptionally low price. Bill
lets are weak, with no sales OF importance
except near Philadelphia. where 1t Is
rumored that large contracts have quietly
been made below SIS delivered.
A heavy business has been done at Pitts
burg in structural material, wrought pipe,
barb wire and plates, but at very low prices.
Carnegie's new beam mill, the finest in the
country, was put in operation on Monday.
Wire rods are flrmer, with the Joliet mill,
still out of the market, being repaired.
malgamated Association officials are
now at work on new wage scales for the
coming year, but yet 1t is not known
whether they will voluntarily make rcduc-
- 49,, es.r,a
for manufactured iron and steel, and better
business in steel rails. An unusually heavy
trade in barb wire is reported Mt ST. Louis,
st,m1ated iuh by " cut sd f1eght mat rates to h Texas
trade at Cleveland has not yet opened up
actively, but vessel charters are being made
at low rates, and furnacemen are probably
able 70 shade last years prices on such nur-
chases OF ore as they are making. The ship
ping season will begin with the docks well
cleaned up
The demand for copper has moderated, but
prices are fairly firm. Pig tin is higher and
the consumption by domestic tin plate MAX
ers is being felt in the increased volume
OF business. Pig lead is higher and more
active. The purchases of spelter "for ex-
port, have been sold here instead of abroad,
but prices have advanced in the face OF re-
sales.
Interesting News From Abroad.
The foreign markets are reviewed as fol-
moved irregulsrly, with only q moderate
business in Scotch, but livelier trading in
Cleveland and hematites. Prices receded
early in the week, but subsequently ad-
vanced to Ais Id for Scotch, 3Ss 41$d for Cleve-
land, and ASS 10%d for hematites. The
reaction was due to heavy Withdrawals
from stores, causing "bear'' operators
to cover, and creating scarcity of English
iron. The quantity of the latter in stores is
now ia coo TONS against 12l 600 tons week
ago, making q reduction of 5000 tons the
past fortnight. Scotch stocks have de-
crea sed S 600 tons during the same time, and
amount now to 474.030 tons. There are now
Cleveland and "a Scotch furnaces blowing.
There is somewhat better feeling in the
steel trade, and work is soon to be resumed
at several barrow mills. Ship plates at &c
5s are in very good demand Holders of old
iron rails have manifested more anxiety to
sell. and offers of double heads were made at
f2 l5s f. o. b. without result.
Tin Plate Works for America
Pig tin for prompt delivery has advanced |
about 81, and the market has been active. |
ments are the chief features, but operations |
OF leading operators figured prominently.
Consumers purchases continue light. Cop
per prices have averaged lower. Absence
OF definite news regarding proposed re-
striction OF output anu slowness of negotia-
tions induced weakness on the market. Con- |
Trajectory statements regarding the Ana
eonda mines have also had an adverse eff |
feet. Purchases for consumption are only |
fair. The tin plate market has remained |
quiet Inquiries plentiful and large lines |
offering, but prices unsatisfactory. Ship
ments are heavy. The Landore Tin Plute |
Company, Swansea (seven mills) has sus- |
pended. Three Welsh firms, it is reported, |
contemplate erecting tin plate works in the |
United States. |