Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1847-02-13
From The Boston DaIIy Advertiser.

From The Boston DAILY ADVERTISER.
The Iron hdnufactre.--The unusual state Of fuc-
ation in the Iron market in England, during the last
year, and the difficulty OF Judging what Is likely 10
be the state of the market for the year 10 come,
gives value TO authentic statements IN regard TO the
progress Of the manufacture. The rccent advance
the prices of Iron in Europe which is much greater
certain descriptions of the article than the reduc-
ton Of the duty by tariff has gwen great I'M
pulse 10 the manufacture in this country. The pro-
liability is, that the recent fluctuations IN the trade
will continue aud that the price Of Iron in England,
from time TO time will depend upon the degree
OF the demand for the article, by rail road compa-
MES. and that this demand will be regulated very
much BY the state Of the money market in that coun
try. 1t will not be surprising if there should be at
remote period, "a material check 10 the rail road
enterprises which have been undertaken in England,
and consequently reduction Of the demand for iron
TO quantities which can be easily supplied by the
Immense production of the country. But should half
the enterprises already begun, be prosecuted with
ygor, there is likely TO b. full demand for all the
Iron that can be made. The following statistics on
this subject, which copy from Glasgow paper
OF late date, will afford useful information TO those
who are interested in this question.
Pig EOn.-E,tmatcd stock Dec, 1915.
In makers hands..... ......iO ',ODO tons.
do. do. in yards ........l4O,0JO
24O,oOO tons
Estimated production in lsi6 at
10000 tons per week ...... ....... 52o,OtO
900 tons
Stock in makers hands, 30h
Dec, $50. .............. .bi.9UD
do. in yards, 3Oth Dec, 1916 $1,000
IA, 800 tons.
Total quantity consumed aud
exported in I~l6. ...........,,.G l5 100 tons
OF which there was exported
and sent coast wise ......... 3I2,hOO
Manul'd into bars, (csiima'd a) lOI, 900
Consumed at fuundrirs in and
around Glasgow (esn'd at) $4,000
The above statement Of stocks, &c, shows r."
duction of stock compared with December, 1913,
100, 400 tons, " hich must give considerable coul
,cnce TO holders and makers, as the prospects Tor
lSI7 show appearance OF any addition to the pro-
Juciion there being Of l2J furnaces built. only " at
present in blast, and of new furnaces building, the
makers will have difficulty put them in operation,
AS the stateof the golfers and miners more unsa
tisEctory for any increase OF the supply Of minerals
than at the close Of lSi5.
During the year an extensive business was done,
nj prces varying from 65S TO us bd. cash, f. o. b.,
for mixed Nos. In the beginning OF the year stocks
were heavy, and the price gradually reccd tn
about the end Of April, when II reached the lowest
,,oint and merchants were then enabled to execute
large foreign orders, which they had on hand This
cansed the shipments TO be very heavy III May June.
and July, and the market gradually rose till August,
w hen on the alteration in the American tariff an
advance of IS. 10 S. took place, when the maximum
rates of the wear were obtained. The price again
gave way ill about the middle OF Not embrr, when
dizziness prevailed, but the price has gradually ad-
yanced since, and quote a firm market at los
cash. f. O. b for mixed Nos Cncuiai Oi nessfs'
William Conpal & Co.. Biokcfs.I