Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-10-27

ffaf aeImBa E8FoIHU HUH EEts<4D.t
b The English iron trade has been unsettled
for sometime IN anticipation of the quarterly
trade ameetiugs, at which it was expected
that new scale OF prices would be adopt
ed. Buyers generally held of inaandeipsr
tion of q decline which the iron masters
were not always Ia a position TO grant, IN
consequences Of the high rate Of wages and
the extreme cost of fuel. The South Stat
fordslsre meeting was held Oct, 9, at which
there was very dull attendance, ,TIanss
actions; however, were on yeryk hAlfed
scale, : fact which may partially be &C
counted for by tia approaching closaa Of
navigation to the Northern ports. But
there was q fair demand for the home trade.
The Quotations were: ETA for bars, e 10
for hoops and angles, Ell for strips, and
'E20 for plates and sheets. the second class
makers were more tractable, and even
Sheets which ruled comparatively strong,
might be had as low as E161 los per ton.
Instances. were mentioned of still lower
qnpt atoms, but these may be regarded as
exceptional 1t Is supposed that the de-
cline would have been greater but for the
regulation fixing wages at present rates IN
til the close OF the year.. In pig iron the
usual quarterly contracts Were entered into
at a reduction of from 15s to 2Os per ton
upon the prices ruling last quarter day.
There are considerable fiuctuatfEhs In
the trade in Glasgow AZ the last market
day first transactions were at Ills. per ton,
and the market closed in considerable ex-
element at 1885, sellers, cash, and 10Ss.
buyers, cash. . arssa. - IS O. $40.
| In Wales the notice issued by the leading
iron and coal masters suspending work at
the Close. of the month caused very eonsid-
cradle excitemeats Buyers decline to pnr-
chase until they see the extent of the an
ticipated reductions. The future of the
trade now depends very largely on the ac-
tion o.. the workmen. Ii they accept the
4 reduced scale of Is per cent. in their wages
operations win be continued. = II not, pro
longed lookout" may be expected, which
is likely to extend to the other iron and
coal districts.
The North Of England iron trade Is gen.
orally firm, owing to the large quantity Of
orders on hand for future delivery. Will
regard the prices of pig metal at Middles
borough, they stand nominally at, for pres.
ent delivery. No. l, 12Js. to 122s. 3d..
No. 3, 1l5s.; No. 4, lbs. Cd. Merchants
who are the first to abate their prices i.
| crisis Ike the present, have been making
ales at fully IS per ton less on the average.
News from Belgium is TO the effect that
prices are very firm, even with az upward
tendency, rails being fl2 per ton, withou
any guarantee conditions. Iron is still
slightly advancing in France, French iroI
masters appearing disposed to keep paet
with their other Continental brethren
Merchants iron has made f13 12s; rolled
charcoal, make fI5 As, and large plates
Els les per ton in the Haute- Marine, while
merchants iron has realized f13 As per tor
in the Nord. The demand for iron, il
spite Of these exaggerated prices, does no
| fall off but railways, tramWays, etc., ap
pear 20 be making fresh step 10 advance
The production Is, at the same time, steadi
ly increasing ia France, aud the mechani
cal engineering works appeared 20 be- wei
employed. There is no change in TIL
French coal trade. as regards the dearnes
and scarcity Of Che article. Il appear
probable that coal win cost, this winter, q
Paris, f2 lbs to o. los per ton.