New-York tribune., 1873-09-02

Canadawould attain much importance Even az present
ciies az Buffalo and Cleveland and the upper prov
,nces OF the Dominion In such towns Hamilton and
honuon III ontario, 1t might find market Beside the
DAr IRON sent over the border this Summer several
PitASourgh firms sent agents into Canada to sell nuts
oolts ana other manufactured iron. Little chance for
profit Hs found In this form OF traffic. and the rise In
ihs price Sf American iron which might speedily
would proy9b any export OF bar iron Mr. Stroud con
sldered that iron deers in this country must MI up
their exhausted stooksAsnd were only waiting for the
general trade revival in the Autumn so IN 80 or 80 days
at arthcst there would probably be stir In the
American iron business in place Of the present lfees
recent reduction OF 50 6s per ton was made by the
manufacturers in the hope of inducing corresponding
decrease ia the price of coal aDd of materials That
effort had failed and the opening Of eoeries was
the only hopeful means of weakening tine English coal
combination Tbat WORK was now gong on, ana would
probably be prosecuted with constantly increasing vgor
hr stroud thought the talk Of failure in the English
coal or IRON supply idle He believed that both were IN
exhaustbie IN quantity and only needed TO be got Out
While the great cOeries had been making fabulous
profits tue exports OF iron to this country had ceased
The only activity this year had been in the Winter aud
Spring, and confined TO the filing OF orders given In
November, December, and January, after the fan OF
$40 80 per ton in the price of English iron Mr.. stroud
said that most firms Interested in English iron were OF
opinion that prices would not decline for long tme
Many OF these firms even expect further advance.
The statements OF members Of other large iron houses
eoToborae the foregoing explanations They say hat
up TO this American iron has generally been dear
rates OF the former have kept pace with the latter
Their relative position this year is unprecedented but
decline At the house Of Naylor & Co. dealers in i'm
ported iron, at No 90 Johns it asserted that an
the city, Some were given early IN the year, but not
one for the last three months English iron costs now
in gold little less than American costs in currency
swedish iron is still imported, as is Indispensable for
certain uses but its hgh price confines ITS consumption
and has led American manufacturers to attention 10
making the best charcoal iron to supply ia some DEGREE
5he pace 95 swedish was sald aG te EITS aTSv Ei W.
American iron that IN spite OF tue price per t1n Deing
stir in the Fall trade. The nominal price at Pittsburgh
is 4lO cents pound, but even this Is cut under
Comparatively little iron u made in july ana August
On
stimulate brisk production.
ENGLAND's SUPPLY OF ORE FAILING.
George II. Potts of the Cold Spring and West Point
Iron Companies in reference to the gradual closing Of
the iron market England and the future prospects OF
the traffic America said that the product of American
pig iron last year was 225OOO tons, while that OF Great
Britain 65OO,OOO tons. The high prices OF iron in
England had stimulated production in the United States
which it was estimated would this year approximate
100000 The importation OF iron from England on
account of the excessive prices OF labor and fuel ana the
iu that country. had almost entirely ceased ana the
of mad FALLEN here well in England but dealers
aud manufacturers IN this country c9ald sthna lana
those Of Great Britain, for American raw ma
terial more abundant, and the prices OF LABOR
were no higher England had of late begun to import
in large quantities IRON Spain, while American re,
sources still IN their infancy Also, while material
continues TO fail in Great Britain the future supply must
necessarily be sought III America. American exports
yet small although large trade IN mahuIac-
tured iron in the shane OF machinery developing
Mr. Potts said tnat of his company In Buffalo
this year exported tons OF iron to company In
Canada which had previously patrOuized English firms
month 1000 tons OF charcoal iron from the Lake
Superior region sent to WolverOn, the lrst IRON
ever exported from tins country 10 England
OF the 100000 miles of railway III the
world. there were 67,O90 miles in this
country, which. account OF the wear on esaOlshed
roads and the continual starting of new enterprises IA
this direction, had demanded since the war an annual
supply OF 1900 miles of railroad iron Should
this single department OF the iron trade increase proper
tonaey in years come should the many uses OF iron
material increase well, Mr. Potts predicted de-
mand IN tns country fully equal 10 the Supply ne
thought that the OF the disasters 10 tc EhSsh
iron market might be summed under three heads lst
The scarcity material which was gradually alng
3D. The great enhancement of the cost OF coal when en-
ters largely IN the manufacture of iron 3D. lhe IN
creased prices Of labor owing the strikes and traces
unions The tendency of all this be thought, would DC
TO deprive England permanently of supremacy III the
iron market and transfer IL to the United states Ils
competition the part of the United states Tor the con
troll of iron traffic becoming more ana more sue
cessful, and had been well understood IN commercal
circles for a year past, although the English papers
until very recently have been unwilling 20 discuss lc
subject. Now they were becoming alarmed. ana were
sttTiDutng the trouble chiefly TO labor combinations
These the speaker did not think were the real cause