The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1865-09-25

The Iron MaFkct...ThG Revival I'm
Prlcea...'Thc Coming Demand from
The SOutII...(irCHt Prosperity ENpcc'
ted.
fFiOm The Pittsburgh 7Fadc Circular " Sat
uCidy.
From the new vlgOr noticeable in NIL
departments Of business II Is evident
that the period Of IndGcislOn TINT so
naturally followed the cessation Of
hostilitiGs Inns ended. A similar period
marked the commencement Of the war.
In both instances market values were
much disturbed, and the great staple,
iron, felt effects Of the uncertainty us
to the results largely. Iron entering
into the foundation TO Il greater or less
extent of all enterprises, feels ut once
any hesitancy in the business progress
of the country. Where enterprise Is
vigorous, iron is necessarily In de-
mNnd, when the movements Of old en-
terprlscs are halted, and new ones
nipped in the bud, iron is naturally OF
slow sale. Between these two condt-
tiOns manufactured iron has tiuCtuated
for some months past, and In M effort
TO overcome the latter condition and
70 rec sales where there was no demand,
tho manufacturers have suffered ana
dealers have no doubt gained. What
evGrmRy have been the inducing cause
with many manufacturers to run
muck, whether from force Of over pro-
duCtlOn, fear of resumption OF specie
payments, jealousy of rival establish
ments or financial necessities, II Is not
necessary now TO discuss. The results
N11nN OnnlNIn1inU 1nnFkptg
have been supplied with manufactured
iron and nails, ut prices below the cost
of production, and the order DOCKS OF
nuny iron mills occupied with orders
ut rates at nearly fifteen dollars ton
below the present market figures. Sat-
islied with their experiments ut throat
cutting, reason haS resumed Its sway
among manufacturers, and iron has been
advanced some fifteen dollars per ton,
and the market is firm. Those who
placed orders during the cheat were
lucky, but we ure sorry for those who
sacrificed sense TO passion, capital TO
rivalry. Some balance sheets among
iron manufacturers during the war.
have been pleasant reading, but those
of such houses us sold iron ut SA rates
or less during the past quarter, will
cause few smiles by their perusal.
The present of the Iron market Is en-
cOuAging and prices arc without doubt
firm ut present rites. Satisfied with
the experiment of the past few months
of trying TO stuff IL sick market, those
who were experimenting OH this theory
Of rcviving its activity will 10 doubt
he content TO feel their way carefully,
and production will be measured by
demand. This will keep prices still,
and us the demand for consumption is
increasing, stocks Of dealers laid i'll
during the past period Of "under cost
rites" will soon exhaust, when higher
prices will have to be paid by consul
liners; and 1t may be by dealers. While
there is some margin Of profit in the
present manufacturers rates II Is doubt
| Jul 1t Is sufficient TO satisfy producers
under the impulses Of fresh market.
That tho cost of production is not to be
materially lesSGned, tho whole range of
market rates Of nll articles f0rcslNdow.
The prices of most articles of domestic
CONSUMPTION IRE again on the wing, and
under the renewed confidence in the
financial condition of the government,
tho natural speculative impulse Of an
pnSv money market II is difficult to say
on what perch they will settle. This is
every thing in the question Of labor,
which from the ore bank to tho finished
bur, Is fully three-rOurths Of the cost of
iron making. The teNt orSeeing through
! n mill stone is easily accomplished after
the hole has been chiscled, but not be-
fore. Popping round the edge, however,
IL looks us IL the opening Ofthe South
crn markets will relieve any over pro-
ducton heretofore, TINT may he uncOn-
suned, and the natural demand of the
country under an easy money market
will be commensurate with the regular
running of the mills, ut present built.
The rates for labor, which is the base
of the price Of NIL material does not
seem likely TO give way much, If any,
while pig metal has advanced largely.
With present rates for iron based upon
n smail margin Of prolit, II indeed COW
ering actual cost, il looks us II any
steady increase Of demnnd might send
prices up, while they will he sure to be
maintained.