Northern Times.
Liverpool, Merseyside, England, 1857-07-03 00:00:00

GLASGOW CATTLE MARKET-Jim y 2

There were a few beasts less at market today than I,.st week, but
an increase- of sheep and lambs. Beef was very dull of sale, and
scarcely maintained last week's reduced quotations. Sheep and
lambs were in demand, and sold freely at a slight a Ivan, e on last
week's prices. The supply consis.ed of 79d beasts, and 4,416 sh:ep
and lambs.

aT,AganW TRON MA RKET..--.Tur v 9
The market was-tiros today, at the
.following quotations:—War.
rants, buyers 745, sellers 745 6d; No. 1, buyers 765, sellers 77
No 3, buyers 7is 6d, sailers 72s per ton.

QUARTERLY REPORT OF THE SCOTCH IRON

T AD E.

Though the production of Pig Iron In the lost quarter reached
nearly 220,000 tons, yet it was filly 8,050 tens less than when com-
pared with the preceding three months ; and it is important to note,
that during the same period the local consumption and exports,
foreign and coastwise, exceeded the make 2',003 tons—having in
the aggregate amounted to the enormous quantity of 240,00(1 tons.
The stocks are thus reduced since March 2,400 tons, and are now
only 103,000 tons lying in warehousekeepers' and makers' hands.o.
About :he beginning of May, it being evident the total deliveries
Were continuing in excess of the production, and that considerable
modifications of the import duties into various foreign conntriest
were about being proposed and adopted, the beneficial consequences
of which have yet to be experienced, extensive purchases were made,
at from 74s to 77s 6d for Mixed Nos., and 89s to 82s 6d for No. 1 Gart-
sherrie, cash and three months open. The fact of a much greater
quantity of Iron being sold than there was in warehonsekeepers'
stores, induced the principal hams to demand delivery of the
warrants, and (he price in consequence qnickly • rose. to 82s 6d.
Some of the speculators who, were heav,ly oversold, in order
to multiply warrants,
,Made arrangements with the st'.re-
keepers to get them ag hilt de ivery orders 'for Iron in
makers' hands, and in transla for deposit; they were in.consequence
largely increased, between the 26th May and sth June. ant an inter-
dict or injunction having Peen applied for, to prevent the storekeepers
'corn issuing warrants until the Iron was actually in, store, this was
readily obtained, and the system of issuing warrants,,without actual
possession of the Iron, has been forever quashed. The mode of storing
Iron is, therefore, now on a safe and sound basis ; guarantees having
been given that no warrants for Iron shall be issued till it is actuary
in store, the holder is thus plated in the secure posi ion of having, at
all times, dominion of the i 'entical Iron represented by the warrant.
Flirt) the pressure f r wars ants crae3d, the market has remained in-
active, and prices have gradually declined to 75s per ton without much
iron changing hands. 'towards the close of the month a better feeling
existed, and several purcl.a es were m ;de, chiefly on foreign account,
at 741... to 76s cash, end 755. 6:1. to 764. 61. three mouths open. The
Prices are now as follows :—G :rtsherrie, No. 1. 803. ; G.M.8., No. 1,
765. ed. to 77x, 6d. ; Mixed Nos., 755., No. 3;.723. ; East Coast Brands,.
723. 6d. to 75s ; Ayr4hire Brands, 721.64. to 745. ; B rs, £8 10s. to
.t 0 ; Rica, £8 to £8 ios. ; Cast Iron Pipes, £3 10s. to X 6 ; Railmy
Chairs, 975. cd. to 102 s. 6d.
With the prospect of cheapening money, a bountiful harvest, the
prog essive duel pment of railways, fin,l other material works
throughout the world, it is gratif,ing to anticipate a continuance of
that prosperous activity woich has.so long characterised the Iron
trade. T. Tisoasuals.
_ _

* 124 furnaces in blast, being three Tess than on tb e 30th idarchbts t
55,000 tons ;n warehouse-keepers' st res, 48,00 r, tons In makers'
hands, the greater van of whicir is not G. 51,11.
t Pig Iron into Russia, formerly prohibited, in now tc, be. admitted
on payment of a specific duty of 30s. per ton.