, 1874-08-14
itho olleor e25 to pay his say l,ono, alyibngh him
int tho antt,o time to 1nnko la way To- Td1rB and
tlnform'tho pooplo down that wny TINT no 'nhh
hands and parted tho heat. Of litonda.,
IRON.


Tho Prospects Of thu Fall Tradc.
Special Di*Datch to Tbs CA,caao Tr1snAs.
I'n1IADE1rlslA, Pa, Aug. 19.-Sirge The ad-
vnncn In bar-iron notod III tho; ;tattsr rast Of
July, tho market lina bocr quiet. THO advance,
howeyer Is firmly lela, ana nlanMfac-
trrers seem generally very conldont that still
botor priccs will DO obtained during tho next
nix wooIts. Ihoy arguo thht tlis was owing to
tho 'daalro OF tho mills to rotlteo thor atoeh Of
fcttllng orcs, large amounts Of which wotc
carried over from tho scason of 1873, and that
in addition to t,ts, many mil1-owncra III Docem-
bpr last, seeing that rig-iron was worry low and
believing roactton imminent, 1natlo largo pur-
ouaucs OF the motal, to be delivered during tho
sprue aud carly summer. nho hopod-for nd
yuuco did not occur,-on tho contrary, lover
nriccB proyailod,-and thoan ,nills,. becoming
tornoralxcl, threw thcir waros OH tho nlarkot at
tho bcat rrlco tioy could got, in Older 10 talso
funds to meet thoir 'uecrtlng obligations. T.is
was moro part,enlarty tho uaso west Of tlb
mountains aud tI,a ex.ilainB wly baru at Quo
limo soia as low na 23-t0 cents ror pound In
TINT Boc,iou Of tho country nlthongh ,}aia
was ,aonbtlosa 910 por ton logs than. its
cost. During Tho .pAstnI months !tho. Wcbtcth
mills hayo bccoulo rclioyod of tiiu load this Is
oydoht from to tacs TINT during tint thine therc
las boon ilo grcnt prcasuro 10 mako Ralo5, and
the desire svonls lcsa to-1uv than mt any titno
Hinco jnf,unry last. Last Of tho mountains tho
lnill-owners ilayo at ITO tlmo forced their iron OH
tho market III 10 urgcltn mnlinor, but lnvn rtu
tlicr m!lfs to supply tile current detnanan, many
OF tlon1 shutting down olitlrey, gomo running
pars Of tho time. mud otllola rlltuiu. full tlmo,
but BinElo tnrna.
During tho month of July the na)orlty of tho
mills In tho country ssoro stopped for QUO 1caso1
| or another. Owing 10 THU, anil ltuow'ns the
htocka of iron: in the market to 10 1ight tho
Philadelphia mills, lato in July, advanced the
price Of hars from III to ,8'centa. Almost .si1n-
20 to 20 and ~ centat and rofusod to con-
| tract largely ahead ason at those tlgurcs. II
| In we'll to note tlaat this advance has cuusctl
no excitcnont Il. tho narket; b,.yers seem
I tiors whtlo tl1o nili-,non aeon to fool
| bottcr ,thAn they. l,aso fol. months past,
and patiently bio their time. believing that tic
| dny viii nppn .bo horo when buyora must prr-
chase .nnd attn price tat will at 1lonst pay Tie
cost Of production. lilo mill-mon point to tho
| rn.lroatls, which for twolyemontll liavo lnalo
none aayo tho most urgont ropafra to tho crops,
which now promise to employ tho o1ltiro running,
stock Of our ,gr0at EaBt and West thorough
fares; to our own Centennial buildings thnt will
uso at onat QUO Ions Of rollod irou tho coptract
| to supply Witch has alroaly'beon placed, giving
| two mi!!B work for Bo1n1 timO to como; to tho
| iron stua,nors that nro now contracted for nj
| Chester, an vol as to tlo vast gonoral donand
which, having remained dormant for months,
now Eeou!s about Teylyit'; s; Ihey predict no ex
| prices, but lloy do, look for fnr ayorago fal
trudo at prices TINT will oallso tior next balance
sheets to DO different from TINT Of their last twe
settling days.
! II is yet Too soon to,say whether thoy,ero reh
in their calculations, bnt ono thing is certain
that the neat Blk weeks will Bottio tho question
whothor the fall tralo ia to bo q prosperous ont
| or not.