The Stourbridge Observer, Cradley Heath, Halesowen & District Chronicle.
Stourbridge, West Midlands, England, 1874-08-15 00:00:00

OPSFRVFR.

will follow, and no doubt lead to an increased lit took place, and Mr. G. Perry was presiding of • above date complainant was wheeling "
1 e Duel ne
nude-
number of contracts being placed on makers' fieer The proceedings throughout were very when the defendant came and upset it: : _
Defend-
books. There has been no general alteration in quiet, and the ratepayers who took the trouble to
1 nswer to the Bench, complainant said be had
prices of sheets since quarter-cloy, but in some poll pronounced unmistakably in favour of the -n a .
ant afterwards struck him on the„side with a stick.
instances quantities have changed handa at less resolution. The poll was open from eight am.,
an Xl3 per ton, which is the ordinary figure to four p.m., and at five o'clock the adjourned D
that complainant was on his land. He ordered him
sor common sheets. No alteration has taken vestry meeting was held to receive the result. Fruoti.eelss
ee minDfdenhdifte,ff in t
aonsweriftotht the eebawrg were
e, saida
than
off, but complainant refused to go, knocked him
place in quotations amongst the leading firms; The Rev. H. Sherrard announced that there were
down, and began to cover him with soil, injuring
common marked bars still continue to be sold for 415 fir the resolution against 10; majority for his arms, hands, and face. The Bench remarked
£l2 per ton at the works, the Earl of Dudley's the resolution 405. He therefore declared the
that it was quite clear the assault arose out of a
make being quoted £l2 12s. lid. In the pig iron resolution cart it d. (Cheers.) A vote of thanks disputed title, which was a matter they could not
trade there is an improved demand for all-mine was passed to Mr. Sherrard, as chairman of the ,
deal with, and, therefore, they dismissed the sum-
hot-air pig, but cold-air pig is only in moderate meeting, on the motion of Mr. G. Perry, second mon&
request. Common cinder pigs, which only by Mr. W. Edwards; and Mr. Sherrard having
realises X 3and £3 ss. per ton, leaves but a replied, and expressed a hope that they should STOOrdthlt)3E AND KIDDERMINSTER
small profit to producers at the present price of have a good cemetery, the proceedings ended. . BANKING COMPANY.
fuel. Owing to pig iron makers in the Cleveland,
I The directors hive just it.surd their foitieth annual
Derbyshire, and other districts being able to
work under more favourable circumstances than. .-. not ~ ' due.
1 alterreorpt,..kilnng it
iu.tollg
itild e
for thatt.
d tated
dr
oe
ut
tli profit,nd elf, tst hdee detect-
'not ti year,c
t

makers in South Staffordshire, they are compe-
ting most E lice es bf ully with them, and large
quantities of the makes of pig iron mentioned
are bring sold in this district. When the price
of fuel is lowered, this state of affairs will be
altered.

lag all current charge; and rebate on bills vet a...,
amount to £29,503 Ile. 6d. This, with the balance of
£1,333 iTs. sd. from last year, makes a total of £3O 637
lla. 11d. A dividend of 10s. and a bonus of 10a, per
share were paid on the let of February last. The direc-
tors recommend alike dividend of 10s. and a bonus of 10$
per share, being after the rate of '2O per cent, per annum,
free of income-tax, for the present ball year. These *ill
. " '

ansils,..ussi, Thursday.

absorb £19,830, and leave ; balance of Lit 007 Ils. lid.
Of this sum the directors retain 4:10,0110 to be added to
Onarantee Fund No. 2. raising it to £35 370 19s Id.
This, with Guarantee Fund No. 1 will give a total reserve
of £85.370 19s. Id. The balance of £1,007 Ils Ild, the
directors recommend to be carried to profit sod loss new
account. The directors regret to have to announce the
death of their late respected colleague, Mr John Boohoo.
They have sleeted to the vacant seat Mr. Chalks Bat-
cliff, of Wyddringtoo, Egbaston, Birmingham, whose pos-
ition and character will no doubt make his arpointment
satisfactory to the proprietors.

The tone of business to-day was decidedly
healthier in all departments of the trade, and
the tendency of prices was marked by greater
steadiness. There is a better denufnd for
coal, and the increased consumption, both
for household and manufacturing purposes,
has had the effect of strengthening quouitions.
, This circumstance has a beneficial effect upon
' the iron trade by strengthening confidence
in the continuance for some little time, at
least, of the prices now prevailing The pig-
iron makers continue to experience consider-
able competition from firms in the outlying
districts, and especielly in Derbyshire,
Cleveland, and the Forest of Dean. limes-
shire pigs were freely offered to-day at £4
10s. per ton. Common cinder pig of South
Staffordshire make is quoted £3 to £3 ss.
per ton, and allmine (hot air) £5 10s. to £5
155., with the usual proportionate rate for
intermediate classes. The number of fur-
naces blowing is, we hear, likely to be further
increased during the current quarter. Fin-
ished iron is on the basis of £l2 for marked
bars, common bars being somewhat firmer,
at £lO ss. per ton. The demand for sheets
continues steadier than for any other class
of finished iron. The hoopmakers are seek-
ing orders at £ll 10s. for usual lengths, the
the demand for this class of iron being quiet.
A considerable reduction is observable in the
price for hematite ores, as much as los. to
15s. per ton less being quoted now than three
or four months ago. Best Cumberland ore
is 335. delivered, Or 235. at the mine. Na-
tive stones are a shade easier in price, buttes,
compared with the reduction just not iced.
the demand must be pronounced steady.
The Wassail Grove Estate, near Stour-
bridge, comprising a proved mineral area of
500 acres of thick coal, will, we understand,
shortly be offered for sale in Birmingham.