The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-04-03
THE IRONTRADE.

AhE AtAON TRADE
What f. Doing mp ut PIttSbur~h---
The Mills that are In OperatIOn--The
Prices PaId--PIE Iron Tending
Downward.
From YesteTciay's Pittsburgh Commercial.
w can say but little in regard to
our iron trade. It is very, very dull,
in fact, there seems to be perfect stag
nation in the business. Some of the
mills that have been idle for nearly
three months have resumed work at
the reduction in wages which they Of
fered at the time of stoppage. Wood
q Lukens, at AIcKeesport, have all
their pudding furnaces in operation at
81 per ton. Messrs. Painter & Son have
all their rollers and heaters working
and four boiling furnaces scraping, at
the reduced rates. Mailman, Rahm &
Co. have, to day, at work, five of their
old puddlers at 81 per ton. Spang,
Chalfant & Co. have their mill in opera
ton at the reduced rates for rolling.
These and several other mills have in
ducements offered, in the way OF - ork-
men, at the reduction, highly favorable
to warrant an inference that at an
work with as many employees as
will I'LL all the orders,-which are
very small in number, on hand.
Manufacturers declare that even at the
reduction they will not be remunerated
in commencing full work. Western
merchants can go to Eastern markets
and purchase and ship to points far
west of this, iron at much lower
figure than they can purchase for here.
In our weekly review of the iron mar
ket, in Saturdays issue, a typographi-
cal error in our print made US say, that
pudding at Brady's Bend had been
going on all winter at IS per ton. 1t
was written out "SeUeH' dollars per ton,
and should have read so. AT this figure
the mill has been filling all the orders
received, and are able to fill more. At
JohnstOwn pudding is going on at IS
40 per TOM at Buffalo, at Kittaning and
one mill at Youngstown, al 81 per ton;
at Troy at So, and at either Reading or
Pottsville at less rate still. There is
fair prospect, that any of our mill
owners who deem themselves justi-
ned IN going to work at 81 per
ton, can have all the en-
pioyees they Will require to work up
all the orders on hand, or in prospect,
al the reduction offered several months
ago. If the mills commence running,
even at the reduction, 1t will be for
the benefit OF labor, and not at a pay
ing remuneration TO the owners, which
time will demonstrate.
BOSTON IRON MARKET.
Pig iron is unsettled. and prices are
tending down. Both native and for
eigu are Offering at reduced rates, says
the Bulletin, with some large contracts
for future delivery, at material de-
cline from former prices. The stocks of
domestic at this point are not large, but
at this season are likely to be speedily
reinforced from the point of reduction.
Scotch is in good supply, and some
brands have declined full 81 per ton.
Consumers are generally bare of sup
plies, and as they will soon be in mar
ket, holders are not disposed to submit
to very large reduction on choice
brands.
| Manufactured iron is dull and unset
tied in view OF the decline on pig met
al; but as yet prices, except for bar, are
without quotabIe change.
Scotch pig is dull and lower, with
/ sales OF No. l, in small lots from store,
at Si6(g4T 2 ton for the leading brands.
American is also lower, with sales OF
small lots at S45@5O p ton, as for differ
ent Nos. Bar iron is dull and unset-
tied, with sales of English and Ameri-
can from store, at S95@IO0 p ton for
common, and SI05(IIIO for refined,
Railroad iron is in fair demand, Mt S53G
81 p ton, gold, for English, and SS4@S5;
currency, for American. Anchors SELL
ing at 101zc p n; chain cables (5s@2
inches thick) lO@9c p ID; coil chains,
(h@l54 inches thick) I5@9c = 10. Boil,
er plates are selling at Sc for fianges, &c
for @ No. l, and SIC p h for common
and tank. Russia sheet is dull, and
selling at n1S@l2c, gold, and I4Gl5c,
currency English and American do
are selling at 6@91zc p h. Nails are
selling at 614@6Isc p III for assorted
sizes. Old iron is selling at 81 20 p 100
lbs for cast, and 81 1211@225 for scrap.