The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-04-16
TRADE.
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80 ~ = g NRW-tSNAs - - - %
April ll.-American Pig-During the
week the, transactions have been swall.
Stoke ssre esFyIwRae .smsli ~ no
great duantity 81 iron tould be supplied
but on the part of buyers there is ap7
pareutly less anxiety to purchase than
was observed three or four weeks ago.
Producers are sold so far ahead, they
are very firm in their views abdAYe not
disposed to make concessions from cur
rent prices for either early or remote
deliveries, and appear to be in q very
strong position. Prices are unchanged.
We quote No. l extra at $50 O0@52 w.
and No. 2 extra at $40 00@50 o. Gray
Forge and white and mottled being TOO
scarce TO quote. We note sale OF lOO
tons Hudson No. l extra at $50 w.
BOSTON.
April l3.-The market is still labor
ing under light stock in first and con-
sumers' hands. During the week about
500 tons OF Eglinton has been received
direct from England. and supplies have
also been obtained from New York.
But towards the close Of the week the
New York market gained additional
strength, and quotations approached
nearer to those ruling here, leaving no
margin for shipments.
The reports which reach us concern
ing the English markets are most I'M
satisfactory. Considerable failures have
recently taken place there among firms
connected with the South Staffordshlre
iron trade, and large liabilities have
been reported. Many producers have
suffered serious losses by the advance,
as much of the business that has been
executed OF late represented orders
booked at the low rates prevailing pre-
vious to the advance in material, fuel
and labor, and the profits on later orders
have not afforded sufficient relief. But
there is no reason to anticipate a repe-
tition Of this trouble, as the contracts
thus on hand have been now completely
filled. But England is just now suffer
ing from the effects of free trade with
Belgium, whose iron masters have been
delivering into South fo,dsbire
various descriptions Of finished iron at
25s per ton below the ruling prices
there. Labor in Belgium is much
cheaper than in England. Many Br>
ming ham cutlery manufacturers have
capital invested in Belgium owing to
the low cost Of labor, and the greatest
national interest that England possesses
may yet be seriously injured before her
rulers awake to the folly of allow
ing a cheaper labor market than their
own to compete with theirs. 1t Is, 10
say the least, suicidal policy.
Our foundres are one by one stopping
their works for want of supplies, and
the high prices Of iron, or rather the
prevailing scarcity, may vet produce the
most serious results. Caution is i'm
peratively demanded in the reception OF
orders, and our mills act wisely by
responding promptly to the advance in
pig. Supplies are expected with a
continuance OF fine weather For the
present our market is entirely bare OF
COIluCSS duu odI tSuSiliC, oiiu OuA Wv
tations are therefore nominal.
Manufactured iron has been generally
advanced at the mills, so that prices
there are fully as high as those ruling
last week from store. Bar iron has
further advanced in Liverpool, and an
advance on our quotations for new rails,
bar iron and sheet iron may be promptly
looked for, as prices have strong
upward tendency, dealers not having
yet responded TO the advance at the
mills. Galvanized is higher. Nails have
again advanced.
Scotch Pig has been entirely nominal
at the advanced rates, and we hear OF
no transactions worth reporting. We
quote Ellington at $57@5S per ton;
Garrsherrie and Coltness are at $1,000.
The sales have, however, been 80 light
that prices are merely nominal, and
would be quickly reduced on the re-
ception of supplies. American remains
quiet at the advanced prices. We
quote yard lots at $50@56 per ton for
The different numbers, including No. 2
extra at $50, and good brands No. at
s56 per ton. Charcoal pig Is firm at
$50@55 per ton, as to brand.