New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-22

and the 100 tons reported 10 nave pee" '
Liverpool at fixed sum can have no reiaton "
transaction unless their correspondent mas sou '
Segment for future delivery Referring W 'no -
dispatch published yesterday morning. that AN.
the iron merchant Of Liverpool in letter 10 inc
admit. that iron NAV be proatably purchased In New
York for shipment TO England and says he s coheeu
that the American trade ~ lost to England" Sr JACK
son said that he did Mt believe the latter part VI '
statement. and the first part remained 10 DC ueno"
strated. The American market was not yet lost 70 En-
gland and would not be. Production ia England "ouu
become regulated and with revival Of the DEMAND III
America, English iron would be again imported Az a
profit II prices the in England TINS year a.
last American manufacturers would be IN DISTRESS tLey
have made expenses this year, and II prices r MAN
AS now many OF them will have TO cease operations out
they cannot remain 80 high present in England or
20 low as ~ present mere.
Charles COngdOB, iron dealer IN Pear-st was ASKED
his opinion OF Mr. Cairness statement as reported by
cable He answered that he had faith in u: II was
huge msstatemeu put forth the public for some pur-
pose There was kind OF iron produced IN America
which could be delivered in Liverpool at proh even
with the present exceptionally high prices there ana
low prices here. The high rates in England were due
to combinations among the pitnen. raising TIE price OF
coal increased price OF labor IN the iron works
The high price OF coal mad caused the reopening OF Old
mines and the opening OF ones that prices would
coon become lower At the time prices must soon
rise in America nearly those OF last year He had no
doubt mat America few years would be able to cope
with England in foreign markets, but not On heF own
ground. ,.r
W. Oothont an merchant and importer on Clih-st'
said the newspapers had been laughing AT the IRON
because they hadn't been able 10 IND out that IRON
could be exported England at profit Thcy nad not
been asleep, and such had been the case, they Moul
have discovered H. They had the whole thing figured
our, and knew exactly what they could do The lowest
price at which good refined bar iron can be obtained
IN Pittsburgh is SG7 90 ton, and with railroad ana
shipping treghtage, aud insurance, would bring IL
up To $50 % currency at Liverpool docks The price nj
which the reported sale effected (ell 1857 wOsd be
$5 gold tine present rate Of exchange or go 20 cur
rency This exhibits loss 10 the exporter OF sl92Ia
decidedly Improbable speculation. Mr. OohOut thought
the whole thing originated in effort 10 break down
the combination in England and TO effect this there
many could well afford to pay The losses
on many shipments the reported. The coal
question was vital one England aud affected all her
productive industries He knew nothing OF any ship
Liverpool except from the newspapers. He was
puzzled about the low price or IRON III America
the 100 tons reported TO nave been shipped
to Liverpool Iron this country had followed English
prices in all s fluctuations until last January since
which time II had remained down, while English coal
had gone up lie could find sufficient explanation Of
this and felt confident that the depression only ten
pOrary.