The Stourbridge Observer, Cradley Heath, Halesowen & District Chronicle.
Stourbridge, West Midlands, England, 1880-07-24 00:00:00

THE IRON TRADE.

WOLVERHAMPTON, Wednesday.

The market to-day was much firmer, and there
were more inquiries. The prices of finished iron
have advanced 2s. 6d. per ton on those ruling at
quarter-day. No transactions were recorded in
marked bars, as makers have enough orders to
keep them going to the middle of the quarter ;
while other makers expressed their intention to
hold out for more money, and they would only
book small lots. Hoops were in more demand
for the American market, and tube strips
realised 2s per ton more money. There was also
a stronger demand for all kinds of constructive
iron. Tin-plates were worth 2s. per box more
than a fortnight ago, and galvanised iron was in
greater requet, some large quantities of common
sheets being sold tn-day. Buyers of pig-iron
were very anxious to close transactions, but
makers refused in the majority of cases to agree
to the terms, as they anticipate further rise in the
value of this metal, in sympathy with Middles-
brough lion, which has gime tip 28. 6d. per ton
during the week. All-idne was firm at £8 155.,
and two houses asked £3 17s. 6d. Part-mine
was quoted at £3 55., and cinder pigs were done
at £2 os. Middlesbrough iron was in strong de-
mand, and is likely to be so, as the agents in-
timated ti at they had received 'instructions to
withdraw the quotations, and that the next sales
must be for more money. There was no change
in other foreign metals, except Lancashire
heinatites,.in which several good transactions
were reported. Manufacturing fuel was in fairly
good request, but the demand for domestic coal
was as languid as ever, and prices equally fiat.

BIRMINGHAM, Thursday.

The market this afternoon was fairly well
attendud, and merchants and consumers evinced
a greater disposition to buy than has been cus-
tomary for some months past. As the market
continued to strengthen buyers came forward
and sought to place orders at the low rates for-
merly prevailing. In this expectation, however,
they were disappointed, for manufacturers and
smelters alike refused to accept orders except at
an advance of half a crown or five shillings a ton
upon last week's rates. Pig iron of local make
was in good request at 425. 6d. and 455. a ton
for common forge qualities, this being from 10s.
to 12s. a ton advance upon the quotations of a
month ago. The better qualities of metal were
not in much inquiry, and Northampton, Derby-
shire, and North of England pig did not sell with
any freedom owing to the fimness of producers.
Unmarked iron was in active requirement, com-
mon bars real6ing about £OlOB. a ton ; medium.
class bars from £7 to ss. a ton, being about
255. a ton dearer than at the latter end of June.
Nail rods went off with greater freedom for con-
sumption in the home wrought-nail districts, and
sheets, both plain and galvanised, were in
averaged demand. Although the
coal and other fuel is augmenting,
the supply forphlaie still largely in excess of the re-
Auirements, and competition continues keen.

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