The Sun.
London, England, 1858-04-01 00:00:00

THE SCOTCH IKON TRADE.

The following is Mr. Thomas Thorburn's quar-
terly report :-
The prospects of a rapid decline in the value of money
combined with the sound and safe position of the iron
trade, stimulated in January speculative enquiries, and
extensive purchases were, made of mix-rd Nos. at from
534. 61. to 564. cash, and 565. 61. to 58s. three months
Open. Thereafter the price continuing to rise till it
touched 603. on the 31 current, has fluctuated between
595. and 555. 6d. for mixed Nog., and 633. and 608. for
No. 1 Garteherrie. The average price in January was
649. 7d., February 56.. 3d., March 575. 3d., against
73g. 61., 731. 9.1. and 758.5 d. in these months respec-
tively, in 1857.
Though the shipments* are greater, and the produc-
tion is considerably less when compared with the same
period last year, the stocks in the aggregate have slightly
increased, and are now 187,000 tons-of which 92,000
tons are in Warehouse-keepers' stores. The addition to
the stock of only 27,000 tons daring the quarter is not
so great as was expected, and is chiefly owing to the
falling off in the local consumption, which has been
affeoted by that stagnation so severely felt in several
branches of business. It is, however, reviving concur-
rently with other departments of trade, and promises to
be brisk, contracts to some extent having already been
entered into for railways, water, and gas pipes. For all
kinds of iron, a foreign as well as a home demand is
evidently increasing.
Looking at the improved aspect of the world,
politically and commercially, with masses of capital
Reeking employment, the stocks of iron generally
low, and the prices 20s. per ton under those of the
corresponding period of last year, and entering as we
are upon the busiest r croon for-shipments, I cannot but.
regard the prospects of the trade as very ettc,eragieg.
The Mark-t is firm at the following quotations :-
Bars, 71. 10s. to 8/. 54. ; rail, 71. to 71. s+. ; railway
oast iron piper, 41. 17s. 61. to
Gartsherrie, 60g.; No. 1 G.M.8., 555.
Coast brands, 558. to 575. gd. No.
; Ayrshire brands, 545. to
stot.chairs,
58o:.. 41
No. 31, to 5 441 i.l O
tos, ;
555, per ton f.o.b. here. East
555. 6d. for mixed numhere.

* The shipments and local consumption amount Tons.
during the last quarter to
The production (126 furnaces in blast March 31),
ditto
Production in tho same period 1857 (131 fur-
naces in blast)
The shipments and local consumption in the same
period 1857 .. 193,000

SPORTING INTELLIGENCE.

THIRSK RACES,—WEDNESDAY.
Scurry Stakes.

Milksop • ......... •.•••• 1
Saosquenet
Redcap................................................. 3
Borough Handicap.
Massacre.. ...
. . . 1
Church Langton ............................................. 2
Ga.nmoner ................................................... —. 3
Nine ran.

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