The Express.
London, England, 1853-04-14 00:00:00

IRONMASTERS QUARTERLY MEETING.

WOLVERHAMPTON, APRIL 13.—The meetings of the iron
masters of this district commenced for the current quarter
at Walsall yesterday; the second meeting was held here
this afternoon. There was quite an average attendance of
the members of the trade and of buyers both from London
and Liverpool, but upon the whole it must be considered as
having been " a flat quarter clay ;" orders given were any-
thing but large, many persons regarding the present re-
duced price as a thing of doubtful continuance, but look
forward to another reduction as being by no means distant.
In fact, it is quite clear from the rumours which oozed out
to-day that the small makers are even now underselling
to a very considerable extent, for some makes of bars as
high, it is said, as 10s. per ton, the recognised figures being
101. fur bars and rods, 111. for hoops, and IV. for plates
and sheets. This precarious condition of prices has had
the effect of making speculators cautious, and very few orders
of that character were given to-day. In truth, in the
month of Dec. last year the speculators overshot the mark,
as we anticipated at the time, and pigs are now coming into
the market into the hands of the producers themselves at a
lower figure than their own quotations. This was nothing
more than was to be expected from the unwarrantable push-
ing up of prices which took place at the latter end of last
year, which being unaccompanied by any real good, has re-
sulted in very greatly deranging the trade, and in producing
consequences the reverse of beneficial. We teal ned to-day
that the tenour of the last advices from America is to the
effect that a considerable quantity of iron is re-
quired, especially for the States and Canadian rail
ways, but that the present price is regarded as too high.
The orders are small in consequence. The few orders given
today were by manufacturers, and cautious enough they
appeared to be not to go beyond what their necessities rd
quired ; so far, the reduced rate which the ironmasters
adopted at their preliminary meeting was fully justified,
but although there arc some persons who take, or affect to
take, a cheerful view of the condition of the trade, there
was nothing in the meeting to day, neither has any infor-
mation reached us, which can justify an opinion that the
trade is thoroughly healthy. It is possible that larger
orders may be given at the meeting at Birmingham tomor-
row; stocks aro undoubtedly small, and the requirements
of the manufacturers are large, many of the orders on hand
being extremely heavy. The general trade of the district
is in a very flourishing condition. At Wednesbury, Dudley,
Tipton, Darlaston, and Willenhall, all the trades peculiar
to those various towns are full of orders, some of them (es-
pecially for gas-tubes and pipes for sanitary purposes) to an
immense amount. This is the most hopeful feature to be
presented as regards the iron trade. Here to-day and at
Walsall yesterday, accounts were met with remarkable

BELFAST AND COUNTY DOWN RAILWAY.—The
traffic on the above railway was, for the week ending
April 10, 1853:—Passengers, 1691. ss. 9d. ; subscriptions,
131. 15s. sd. ; goods and parcels, 661. 17s. Id. Total.
2491.185. 3d. For the week ending April 11,1852 Passen•
hers, 1911. ss. 10d. ; subscriptions, 131. 6s. I.d. ; goods
and parcel., 791.25. 4d. Total, 2861. 14s. 3d.

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