The Stourbridge Observer, Cradley Heath, Halesowen & District Chronicle.
Stourbridge, West Midlands, England, 1884-09-27 00:00:00

THE IRON TRADE.

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Wolverhampton, Wednesday.
There was an average attendance on
'Change this afternoon, and the market
showed a fair amount of activity. A steady
lot of inquiries were forthcoming for bars,
sheets, and angles, and some of the manu-
facturers of girder plates were reported to
be doing an improved business. The mills
generally throughout the district are better
employed than they have been for several
weeks past, and many of the manufacturers
will commence the new quarter much more
satisfactorily than they entered upon several
of the past quarters. There were more in-
quiries for tees on behalf of London mer-
chants. In finished iron the sheetmakers
are the only people who are able to secure
higher prices. Sellers of pig iron are doing
a moderately good business, and are obtaining
more money for forward delivery orders.
The transactions relate chiefly to medium
qualities. More coal is beim°, sold both of
manufacturing and household qualities, but
the large quantities which come from ad-
jacent districts keel) prices exceedingly low.
At the collieries, which have partially re-
started through the strike hands resuming
work, orders are being executed for old
customers.

BIRMEN.IGHAN, THURSD&Y.
The iron market was well attended this
afternoon, and a more animated tone pre-
vailed. In the finished iron department
business was tolerably active, and a stronger
tone :characterised prices. Sheets manu-
facturers obta:ned a fair nnmber of con-
tracts, and some firms have orders on their
books equal to their entire production till
Christmas, tted consequently were unable
to accept further orders for delivery this
year. The inquiry for sheets for merchants
purposes is improving as well as for work-
ing up and galvanising purposes. Standard
iron was ulaltered in value, though there
were fewer abatements from the "list," Com-
mon bars sold freely in lots of 50 to 200
tons, prices ranging from. £5 10s. to £6, the
average being about £5 15s. Girder plates
and engineering specialities were in fair re-
quest. Pi, iron was in brisk inquiry, and
both local and distant producers did a satis-
factory business at the 'enhanced rates.
Derbyshire forge pig was quoted at 455. but
the actual prices ranged from 435. 6d. to 44s
Northampton pig was about is. a ton less,
and Staffordshire cinder pig sold at 375. 6d
to 395. There was an abundance of coal on
offer owing to th large importations from
Cannock Chase, Derbyshire, and 'Shropshire;
but the commencement of cold weather
would cause the demand quickly to be in
excess of the supply, Providing the strike
continues. As the arbitrator's award expires
on Saturday, probably some effort will be
made to bring the two sides together, and in
face of a revival in trade, the sooner the strike
collapses the better. The return of the men
to work would be followed by an advance
in coal and the restoration of the old rate of
wages of '36. Bd. per day.