New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-26
CAST STEEL-REFUTATION OF RELIABLE FIG
URES FROM A RELIABLE SOURCE"

TO the Editor OF the Tribune.
SIR: The New- York Times of the 18th inst.
publishes letter from Mr. j. Francis Mccoy representa-
tive in this city Of English steel makers
purpors to be detailed statement OF the cost OF one
fun each of the different grades Of ordinary Spring,
swedes and Cast Spring Steel &C., to the manufacturer
in England" which stated to be a1 u.s. ID or 81 90 in
gold correct heading for his letter would be- Arer-
age cost Of tn jerks common English German Steel
al the Works" which known to manufacturers as the
cheapest brand made in England and perhaps in the
world.
The writer OF The Times letter does not certainly wish
q to be believed that OF Swedes steel made from
Swedish blister OF good quality can be sold at the same
price as his Mr. Jenks's steel made fromiEn
gsh IRON 1t certainly cannot BIO bought in the market
for less than from $40 to $50 per tun in god in advance
OF his or Jenkss price, and he sell Swedish blister
Cast Steel at Els 1885, Id board Liverpool there is
little doubt that he will in future have orders for all he
can make at the prices quoted over his own signature
The Times correspondent quotes the present price or
Steel in New.York at sa2 70 per tnnIsay cents per
pound His price for Spring steel in 1860 was II re-
pound In New-YorK six months credit All the differ
ence between the AL vaorem duty OF Is and 90 per cent
pound the present rate has been and is being paid
out Of the enormous profits heretofore made by the En-
TIME now to make. but for the active, energetic compe
with their foreign rivals Foreign manufacturers have
known their interest too well to compete by rcduc
of English Steel have hardly varied fraction high
low tariffs have had effect upon them Best CastSteel
has rated at from Is TO 16 cents second quality IL To
10 cents third quality to 10 cents; German Steel to
10 cents: Spring Swedes, TO u cents Spring English
TO a cents but now, in the face OF the highest tarf
assessed best English steel is offered at l9i cents
and other Steels in like proportion, even down 10 Me-
Coys JerSss Cast steel Spring at cents IL domestic
competition removed today by tho adverse legis
auon Mr. Mccoy seeks to influence how long would his
price remain at cents, seeing that he never sold at such
figure until forced to II by such competitioni
Twenty four pounds sterling Is the lowest cash price In
Sheffield for the commouest descriptions Of CastSee
FOrty-eight pounds sterling IN the nominal price OF
English best Cast Steel for the American market. willis
952 to ESQ and higher ia the price for all other
Ia reference to this IL Is well known that legal
question has arisen between the United States Govern
ment and the English importers Our manufacturers of
carriages &c. understand the question fully, and do not
complain OF the prices they paying, which lower
than they paid before bur the public generally do
realize the facts OF the and where speciOus
letter Ike that published by The Times appears signed by
name conveying the credit that apperains to that Of
Mr.. j. Francis Mccoy IL Is apt 10 grlevousy mslead
those who are not posted. unless promptly rcfuted
Aep- York. March 81, 1870 l.. EMMETT.