The Stourbridge Observer, Cradley Heath, Halesowen & District Chronicle.
Stourbridge, West Midlands, England, 1880-10-23 00:00:00

THE IRON TRADE.

WOLVERHAMPTON, Wednesday.

There was but a small attendance this after.
noon on 'Change, and the business done was of
a limited cuaracter. Some of the manufac-
turers reported that th(ir books showed a con-
siderable increase of orders since the quarterly
meetings, and negociations were stated to to
still pending were expected to be rather favour-
able to the district. Inquiries on foreign ac-
count were more frequent, particularly for the
Colonies and India, where bars and sheets are
wanted in larger quantities. Tiu•plates for the
American market were also in request, but monti.
ficturers did not care to entertain the prices
offered, and by refusiog them it was thought
that buyers would so n come to their terrus.
Galvanisers' sheets averaged to day about £7 153
fcr singles, and two ( r three transactions io
iattens were recorded at £lO ; but they were not
of the best quality. I-1 )01(3 were in steady de-
tnand for cooper.ige poi poses, and there was a
better business done in strips for gas-tube
making. Puddled bars were very much ne-
glected, and prices were weaker. Unmarked
bars averaged about .4:6 10s., but several lots
were sold as low as .I'o. The prices in the pig
iron department were firmer than those in the
finished iron branch, but very little business
was done in best pigs. Foundry iron was in
good request, owing to some of the ironfounders
having several large contracts on hand. Com-
mon forge pigs fully maintained the prices they
have realised during the last month. Foreign
iron was altogether out of the market. Ironstone
and cokes were little waoted, and Ile only
sales in the coal department were with regard to
household foe], for which prices ranged from
12s per ton for thick qualities to 103 for Cannock
Cease lumps.

BIRMINGHAM, Thlllsday.
Since the quarterly meeting last week the
iron trade ha a shown signs of recovery, and
generally there is a feeling of greater confidence.
1. he settlement of prices of finished iron has
stirnnlated_business. consumers who had hitherto
held back coming forward now that they know
list prices have relched the minimum. As there
is still a large consumptive demand, it only re-
quires a resumption Of speculative purchases in
order to give buoyancy to the market and relieve
it of the depressing influence caused by the remit
reductions in price and in wages. Manufactur-
ers of the smaller gauges of finished iron in this
district are complaining of the competition of
North of England manufacturers, who have con-
verled their old iron rail mills into merchant
, guide miis, end 1-I'.sop mills—thereby
gr,atly envmenting the production of these
classes of finished iron. Formerly these de-
scriptions of iron were almost exclusively manu-
factured, in this district, Pig iron was in
moderate request this afternoon at quarter-day
and there
in
lerebwriask demand s
afairinfqour on
inquiry
yfsoe-
r
thqh°uel°dtbalPatuis°ll3PfsnrenFsatucaeenl w s
:and mills and forges, but there
was no improvement in demand.

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A. d such safe removal unallrcures. Bold by au
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