The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-07-03
Metal Markets.
NEW YORK.

Pig IIon-American has been freely
offered, says the Iron 1ge, and prices
are somewhat easier. But the contracts
for No. extra and extra of the lead
ing brands of fnundr; pig irons, at
prices to he settled by the current mar
ket rates of the LIST and 18th of each
month after the deliveries, absolutely
necessitate makers to hold up prices,
and indeed to cause, if possible, still
further advances. Stocks, therefore,
are very largely held back, neverthe-
less some very excellent outside brands
have been offered at $40 OOa42 %. 1t is
not, however, considered safe to look
for lower prices. The facts alluded to
above will be more strong when it is
stated that the makers on the Lehigh
have sold over one third of their sea-
sOnss production, leaving the stocks
of the Susquehanna, the places adjacent
to the LehiSh, the Hudson and the
Champlain districts unsOld; and it is
considered by them if trade opens well
in August that prices will run up to
over $50 per ton. But consumers COM
plain that prices for pig iron are ruin
ously aud unreasonably high, and al
ways discriminate in favor of the for
mer article where it is possible. To so
great an extent is this being done, with
a view of securing themselves against
the dangerous condition of the home ar
ticle, that it seriously threatens the
American iron by the introduction for 4
permanent consumption of new foreign
pig irons. No. l extra quotabie at S4Oa
AZ. No. = extra S:}9a40. No. =, S35a3S-
b., Il n,.N
Scotch Pig IrOn-Sells readily, Oh ar
rival. at $40 00a4l 80 for the cheaper
brand; S42 00a43 90 for the more favOrite
brands. The market is considered very
strong and prices are looked upon as
safe for the season.
Lcad-Hold at 9ta9lc for store lots.
Spelter-Storo lots with moderate
demand and light stocks, are 9ta94c.
Tin-The market here and in Europe
indicates strength, and prices quOtable
ut 24c, gold, for Straits and 33a33lc, cur
rency.
Ten lates-Quiet, at IL 00al2 so for
invoice lots.
Scrap Iron-No. |, wrought, dull at
$40 00a4S 90.
Old Rails-Fair demand at SAG GOA
~ 90. Both these articles are likely to
be in demand.
Bar IrOn-Best refined, invoiced lots,
800; store de, 500; common invoice lots
$S0as3; store do, S9Oa95; market quiet.
PHILADELPHIA.
In pig metal there is very little do
ing, says the american, but prices are
u-..n mt Il. Olln Of No 4 A.
thracite sold at s44 per ton; No. 2 at $40
a42; and 1000 tons grey forge at $50 per
ton. Scotch pig is quoted at SAL 50a
~ %. Manufactured iron is firmly
held, hut the demand is limited.
BOSTON.
The market for pig iron, according to
the Bulletin, is firmcr, though the de-
mand continues moderate from actual
consumers. Scotch pig is in fair sup
ply, but more firmly held, owing to the
scarcity and advance of American. The
former has been selling of late at con-
siderable loss to importers, and is still
relatively cheap for some purposes.
The domestic article is in short supply,
here aud at point Of reproduction. Penn
sylvania makers are sold close up, AMI
i'll some cases ahead, and the stocks of
No. l ut present available are mostly
i'll the hands of spectators. Lots for
forward delivery are now selling at
higher rates, and largo orders for pres
cut Use are not easily filed. Manufac-
tured iron, of all descriptions, is with
out quotable change, but there is q bet
ter feeling, owing to the advance in pig
metal.
IRONToS, OHIO.
The Register of Thursday says the de.
mand for pig metal is very qniet. The
stock is slowly increasing. Prices are
firm for mill at S44 OOa45 90; for foundry
rs S47 00a49 90. Transactions during
the week have been unimpsrtant, only
sales of small lots having occurred at
quoted prices.
There is no improvement in the bar
market. Prices remain weak at sc. The
mills are getting large and well assOrt-
ed stocks on hand, so that &c is quite
probable that many weeks win not
elapse before they will cease operations.
Nails are not very active now. Or
ders have been perceptibly decreasing
for a month past, so that there are indi-
cations now that sufficient stock will be
stored to bring about cessation of
work at the mill.