Untitled - Clpdigital.org
Untitled - Clpdigital.org
Untitled - Clpdigital.org
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STATISTICS OF THE AMERICAN IRON TRADE FOR 1894. 27<br />
March, April, and July, 1894, having been 1.20 cents per pound,<br />
which price was still further reduced to 1.10 cents in December,<br />
1894, and during the early months of 1895. Steel rails<br />
reached their lowest price in the third period. In November and<br />
December, 1893, and during 1894 sales were made at $24. In<br />
January, 1895, there was a further reduction to 822.00.<br />
Steel billets are not embraced in this summary because quotations<br />
arc not accessible for the first and second periods. In the<br />
tabic on a preceding page, however, it will lie noticed that the<br />
average monthly price of billets at Pittsburgh had fallen from<br />
825 in January, 1892, to 814.94 in March, 1895. A single sale<br />
at 814.60 was reported in January, 1895, which is the lowest price<br />
at which billets have ever been sold in this country. The price<br />
during the early part of April, 1895, was 815.35 to 815.75.<br />
PRICES OF LAKE SUPERIOR IRON ORE.<br />
We give below the prices at which Lake Superior iron ore<br />
has been sold upon season contracts from 1890 to 1894, per gross<br />
ton, delivered at lower ports on I^ike Erie; also the prices at<br />
which it has been sold in April, 1895, also for season delivery.<br />
The prices for 1895 have been furnished for these pages by Mr.<br />
A. I. Findley, editor of the Cleveland Iron Trade Review, who<br />
has verified the figures given for preceding yean.<br />
Grades.<br />
Marqnette specular No. 1 non-Bes-<br />
Soft hematites, No. 1 non-Bessemer.<br />
Gogebic, Marquette, and Menominee<br />
Minnesota No. 1 Bessemer.<br />
Minnesota No. 1 non-Bessemer.<br />
Chandler No. 1 Bessemer<br />
lake Superior and Lake Angelinc<br />
extra low-phosphorus Bessemer<br />
Mesabi No. 1 Bessemer<br />
Mesabi No. 2 Bessemer<br />
Mesabi non-Bessemer<br />
IV.<br />
$6.50<br />
6.00<br />
5.50<br />
4.50<br />
6.00<br />
6.50<br />
1891.<br />
$5.50<br />
5.00<br />
4.25<br />
3.75<br />
4.75<br />
5.50<br />
1892.<br />
$5.50<br />
5.00<br />
4.25<br />
3.75<br />
4.50<br />
5.65<br />
4.85<br />
4.85<br />
6.00<br />
1893.<br />
$4.50<br />
4.00<br />
3.65<br />
3.25<br />
4.00<br />
4.50<br />
4.00<br />
3.90<br />
4.65<br />
1894.<br />
$3.25<br />
2.90<br />
2.50<br />
2.00<br />
2.76<br />
3.35<br />
3.00<br />
2.95<br />
3.50<br />
2.50<br />
2.10<br />
1.75<br />
1895.<br />
$3.30<br />
2.75<br />
2.55<br />
2.00<br />
2.90<br />
3.40<br />
3.00<br />
3.05<br />
3.55<br />
2.50<br />
2.00<br />
1.75<br />
The prices given for Mesabi ore in 1894 represent the lowest<br />
figures ;ii which sal'- were made in thai year. The Mesabi figures<br />
given for 1895 are minimum asking prices. For one Mesabi<br />
Bessemer ore 82.75 per ton is the price, and for another 82.65.
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