The Sun.
London, England, 1864-04-14 00:00:00

Ironmaoters' Quarterly Meeting.

W quarterly ° v
alissAemmPbTli°esil, Wednesday Evening.
Theusual the iroamasters of this
district
this town this afternoon. The commenced
at-
tendance was numerous, but the business transacted was on
a moderate scale, the proceedings being chiefly preparatory
to the great meeting to be held in the Town-hall at Bir-
mingham on Thursday. The prevailing opinion appeared
to be that this will be a qiiet quarter day, and in that re-
spect a great contrast to the meetings held three months
ago. The fact is the high prices which have ruled of late
have had the effect of putting a ate p to all speculation in
either finished or pig iron, while the feeling of doubt which
has arisen as to whether the present rates can be maintained
has had the effect of making both home consumers and
shippers extra cautious in reference to fresh engagements.
The former are not disposed to order beyond their imme-
diate requirements, and many of the latter are content to
wait the completion of contracts for iron which is now in
course of delivery, some of those contracts having been
entered into months ago, prior to the last advance in prices
taking place. But, notwithstanding the qqietude thus
brought about, the trade is not depressed, most of the prin-
cipal makers in this district having been up to this time
very fairly supplied with orders. As usual, the second-class
makers have felt a pinch, and have in some instances been
glad to take orders at a reduction. There is a good demand
for Staffordshire iron for America, the makers here who do
business to that quarter being all of them well engaged.
The general opinion at this meeting was that the present
scale of prices will be maintained, and notwithstanding the
paucity of business, the tone was cheerful.
In pig iron there was very little business done; con-
sumers asked for a reduction in the price, which the prin-
cipal makers were not disposed to yield. Hot blast, all
mine, was quoted at £4 10s per ton, but it is most likely
that Zi 8s 9d will not be refused for the best brands.
The general trade of this locality, and quarterly accounts
due to-day was promptly paid.

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