New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-01-27
Correspondence Of The Tribune.

LIVERPOOL, Jan. 4, 1847.
Durngh the past twelve months have experienced very
little hucna,On In the Metal trade. During the whole Of
the year the has been quite equal the supply
aud the manufacturers have exercised great prudence in
resisting attempts prices TO excessive degree
apprehendng very Justly that the temporary advantage
gained thereby would be no quiy alen for the ultimate In
ury which might result from such In consequence
the demand for labor railroads and other public
works and the difficulties which the Iron Master hes AL
WAYS contend with In lie management OF his workmen
times when wages high, there has been very little
inc&se 10 the during the past year. In fact IN some
districts great difficulty experienced in keeping the old
works fully going from want of coal, &c.
This state OF things Is likely TO cont nue., and when along
with take into the certain demand for Iron
which there will be for length of tne are led ~ The
conviction that the seadness viii last throughout
Manu- faeture Iron has varied very little In price through
the year. with the exception of Railway Bars which
driven above their relative value by extensive spec
ulaton the price which In January last high
al los has declined TO 40 los to tlO per ton al which
very extensive contracts have recently been entered
made throughout the year. The number OF railways al
ready forming and their rapid extension in This and other
countries sufficient guarantee for such demand for
wears TO come for Iron required IN their construction
will to the rade high state OF prosperity Tn &C
the greater profit attending the manufacture 'o
Railway Bare much the mill power formerly employed
the production Of Merchant Bar and other descriptions
of Iron has been directed the former and, In conse
quence he make Of the latter kinds Of Iron las been cur
tailed 10 considerable extent This remark applies 60
peciay 10 Welsh Bar Iron, the socks of which
ksused both 10 the hands OF dealers and makers and will
be difficult 10 obtain without advance In price, In guam
uty sufficient meet the Spring demand. An advance
from 4 los 10 40 per In Wales has already taken
place. which has compelled the dealers here to prspor-
onsie rise IN price, but which must be Increased soon 10
the present and charges Our Impression Is inst
The price IN this port will range through me Sprns al ~
los To 10 rer ton.
The demand for the finer descriptions Of Iron, manuae
nred IN stadordhrs aud Shropshire is equally great and
makers there difficulty in keeping pace
with II tlsn their Welsh ighbors IL would be very
easy tor Ihem to obtain considerable advance but Ihe
leading mskers, from the prudential motives referred TO-
anxious TO keep rates they and 10 70 be hoped
that their cOuuses prevail al The quarterly MeeuDg
which will shortly he held.
The increasing Of Iron In the construction OF Steam
and Sailing ships Bridges, &c. Vor the Mersi Tubnar
Bridge alone contracted for insurng 10 TINS
district m employment and high prices for long time TO
Scstca Pig Iron being article much specuiaied
In has maintained equal seasiness Of price Win Man
ufacured Iron. During the year prices have varied from
65s rs I'd per ton cash r. o. b AZ Glasgow Tor mixed
numbers In November great dulness prevailed and ne
price fell TO 6ss per when II has gradually al
vsnced 10 ibs per ton, al which considerable hrmess
present prevails
The following statement Of stocks shows reduction du-
ring the Of about 80 0O0 large quantity certain
y but which is accounted for by the extensive shipments
10 he continent OF Europe Induced by the moderate rates
Of 65s to los per ton which prevailed from April 10 Au.
gust As the has diminished since August and
The year with about 10000 tons, and may
calculsts upon make Of least Geo eco tons during
should no unlocked for obstruction arise, may fairy
upon efficiency for all demands and cannot
peci any permanent advance sbove the present rates
Estimated stock Dec. lStb. COO tOns
make Ia 1876. 10000 -