The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-03-26
FINANCE AND TRADE.
IRON Markets.
BOSTON.

March 23.-However much may have
been the surprise at the rapid advance
we had to report last week, it will be
none the less at the continuation OF this
advance, until iron seems fairly to be
on the rampage, and the most i'm
portaut question is. when will it
stop?" But there would appear to be
good ground for this advance. The re,
ceipts from England this year have, it
is true, been in excess of those OF last
wear, but then it must be remembered
the stocks at the commencement OF n
were considerably larger than In ".
There have been no arrivals OF late
vessels are largely overdue, and those
who relied upon these arrivals Tor the
fulfllment of contracts have been
forced into the market reluctantly to
buy. Buyers all belong to this class.
They are without supplies, and must
have pig iron to work up contracts on
hand. The iron masters in England
are also all behind with their contracts,
and orders sent from this country six
months ago are not yet filled.
Holders in view of the situation are
reluctant to part with their supplies
except to their regular customers, but
if ali the stock of foreign pig in first
hands were turned into the open mar
ket, it is possible that the bidding would
even cause higher prices to be reached
than we quote to-day, although the
stock is absurdly small and insigniti-
cant.
American pig has advanced in SYM
patty with foreign. and no improve
ment is looked for until freights are
lower and the weather more propitious.
At shipping points we note that sales
have been made, to arrive, at $40 per
ton, which shows that supplies there
must have largely decreased of late.
The New York market has been also
much excited, aud higher prices have
been realized.
Manufactured iron, in sympathy
with the excitement in pig, gained
strength, and there has prevailed COED
demand at even higher prices than re-
ported 10 our last. Rails are higher
and in good demand, and galvanized
iron has also advanced. Cincinnati
Bulletin.
BALTIMORE.
March 23.-The demand continues
very active for iron, and the market
strong and buoyant, further advance
of 81 90 to s. 90 per ton being estab-
lished in Anthracite pig, No. l being
now quoted at $40 00@50 co. No. 2 at
$4S 90, and No. 8 at $47 90 per ton.
Scotch has also advanced, and we now
quote it at $4S 00@50 90; ex ship and
Charcoal Forge we now quote at $50 OO
@55 90 per ton.-American.
PHILADELPHIA.
March 23.-Pig iron is in demand a,
q further advance, Sales Of No.
foundry at $4S 0O@50 90; No. 2, SAC 0C
GAS 90; Grey forge, $44 co. Scotch
pig, s46 O0@47 90, and American
refined bar iron, $9S 56.-North Amer
lean.
Manufactured Iron-Tbere is no fall
ing off in demand for bar iron, and
considerable sales have been effected on
basis OF 4.4.l0c p ID, but at the close
some holders demanded 4.5-l0c p b.
but we heard Of no sales at this figure
New rails are inactive, owing to the
difference in the views OF buyers and
sellers. Wequote at SIS 0O@S0 90 at
the mills. Old rails are held at $50 90
@52 90, gold.
Blooms are dull; prices nominal.
Scotch pig is higher, but there is none
in first hands.-Price Current.