Northern Times.
Liverpool, Merseyside, England, 1859-07-01 00:00:00

GLASGOW IRON MARKET.-JUNE 30

No. IT47s9d to 48s nett Warrants, 47s 9d to 48s
nett. Makers' iron, 47s 9d to 48s. No. 3,47 s 9d to 48s.
Market firmer.

QUARTERLY REPORT OF THE SCOTCH IRON

TRADE

The grave complication of affairs on the continent of
Europe checked the improvement perceptible in the
beginning of April, and discouraged speculative operations,
particularly for the rise. Since then, apprehensions that
the area of the war may extend beyond the boundaries of
Italy, and bring into the field the whole Germanic Confede-
ration, have aggravated the stagnation felt in all the Pig
Iron markets. Meanwhile, the business transacted has
been on a very moderate scale, home and foreign buyers
purchasing only for immediate requirements, and the prices
have gradually fallen (with an occasional slight rally)
from 52s 6d to 47s—the lowest price touched since
1852 - averaging in April 51s 3d, May 48s 4d,
and in June 48s per ton for Mixed Numbers. While
those prices are below the cost at which Pig Iron can
now generallebe produced, a few of the largest makers have
been demanding and obtaining 2s to 3s per ton higher for
small quantities ; still the production has not, yet been
curtailed, but, on the contrary, the make in the last quarter
has reached 240,000 tons, and shows, when compared with

the-preceding three months, an increase of 8,000 tons- The
shipments and local consumption during the same perio4
was 23,000 tons. There has therefore been only 10,00(r
tons added to the stocks, which are now 330,000 toot,
exclusive of Carron. This accumulation in stool; arises
chiefly from the falling off in the exports to Germany. The
Malleable Iron Works and Foundries in the district hat,
been generally actively employed, and are experiencing'
an accession of orders, especially for shipbuilding purposes,
for Russia, and the recently opened markets in the East.
With the Board of Trade returns affording evidence of the
general trade of the country being placed on a sound'
foundation and steadily progressing—with money cheap
and most abundant in supply—with the price of iron about
10s per ton below the average of the last seven years, with
most of the foreign and colonial markets bare of iron, and
with all the elements for a large and prosperous commerce,
a speedy and substantial recovery from the existing depres-
sion may be anticipated. Subjoined are the prices of to-
day :—No. 1 Gartsherrie, 50s 9d ; No. I Glengarnock and
Coltness, 50s ; Nos 1 and 3 G.M.8., 48s mixed Nos.
warrants, 48s ; Ayrshire brands, 48s 3d ; East Coast brands,
48s for mixed Nos. ; bars £7 to £7 10s ; plates, £8 15s;
rails, £6 7s 6d to £7 ; railway chairs, £3 17s 6d to £4 2s
6d ; iron pipes, £4 15s to £5 lOs per ton.
THOMAS THORBV[UN.

SHIPPING INTELLIGENCE.

THIS DAY

HIGH WATER,

Morn. Even. Height
111j2...."12; 0.... 17 4

WIND

At LIVERPOOL,-W.N.W

—Light breeze

„ HoLurEAD,—E.S.E.—

Light breeze,

xohtu?'.

STEAM COMMUNICATION BETWEEN LIVERPOOL AND
GLASGOW.
0.--- GREAT REDUCTION IN RATES OF FREIGHT.
= Unless prevented by any unforseen occurrence,
. .
b. 4 \ the under-noted, or other steamers, are intended
ANA.. 4%, to sail (with or without pilots) between Liver-
-1.1,1M pool and Glasgow, with goods and passengers, as
-...?....er..7-, al-W., er
LEO erktili
. PANTHI