Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-15

This would indicate that coke iron con
sumption is gaining in production, that the
reduction in output is inadequate in anthra
cite Dig and that charcoal iron is still pill
ing up fast.
The primary pig iron markets, so far as
foundry and forge grades are concerned,
show little change during the week. Chi.
cago and Detroit report heavier movement
in charcoal iron, while Pittsburg notes a
weakening tendency in Bessemer pig, with
out, however, reporting any business OF
magnitude.
Philadelphia, under a light trading.
shows some irregularity in billets, and
Pittsburg does not seem to be holding we'll
to the nominal quotations reached when the
majority Of sellers and buyers had with
drawn.
In manufactured iron and steel the hopes
entertained concerning the beginning OF
spring business have not been realized thus
iar although the pipe trade is showing in
dications of a revival in Pittsburg. Plates
still rank first as the most sharply contested
branch. The Buffalo order was, like the
Syracuse business, captured by Pittsburg,
after very sharp struggle.
English Sellers Cut Right Out.
Chicago reports quite lively movement
in merchant steel, and notes as an item of
special interest IndI move. brOWn 20.
have taken an order for tool steel for Mex
ico in direct competition with English sell
lers.
To-day is to settle the question whether
the European copper interest will fall into
line with American producers in keeping
production within bounds There have
been some purchases of lead by consumers,
while srelter is better under further export
sales Spot terne plates have sold in a
more liberal way.
The foreign markets are reviewed by cable
from London as follows:
Very little change has taken place in the
pig-iron warrant market, and dealings are
still on a limited scale, despite continued
Withdrawals of stock from store and limited
production. The latter influences are ap-
parently offset by general trade depression.
Inside holders of warrants are evidently
awaiting further depletion of stocks before
engaging in extensive operations. Outsiders
still hold aloot. Exports OF pig iron last
month were 81 900 tons, against 81, 600 tons
in March, 1891. There are now only rs
Scotch and Cleveland furnaces blowing.
Late trading in warrants was at Ais for
Scotch, SIS 91!d for Cleveland and AIS for
hematite. Stocks in Connal's stores now
include 4S2, 600 tons Scotch and 129, 600 tons
Cleveland:
Little Change in Pig Tin.
Pig tin has been firm, with cash lots in
good request, but very little outside specu-
lative interest The general situation is
about same as it was last week.
Prices for merchant copper receded early
in the week to e45 IS Sd, but have since
improved under free buying, believed to
have been in good part for American ac-
count
Dividends on mining shares are an
nounced as follows: Rio Tinto 10 per cent,
Tharsis, u per cent: Mason Barry. 1 per
cent-a small dividend on the latter, due
TO expense of reconstruction.
For tin plate there has been brisk in
quirv, but the proportion of business was
small, owing TO difference in buyers and
sellers views Exports last month 36, 900
tons, against A. 200 tons in March, 1891.
The quantity sent to the United States was
$4,000 tons and 3S 600 tons, respectively.
Stocks at shipping ports show further in
crease. Work is soon to be resumed at the
Tretorest mills