, 1874-01-08

is swolod to about f'63, ,374, 900 for tho wllo1o
Territory, exclusive Of 'nifloa, Yield OF minos.
2s29. with confederation Of s2,a70, ,OaG whole..
nalo trsso .. Of d. 'e14.92o, 800; manufacturers Of
no. s1''of2''oo' ,nnx -, ,o,a
From MI interesting rcyiow Of tho iron traao
| for tho year 1878, ty hlr. Edward Bam,1els. Of
Philadelphfa. tho following faolB nro extracted
The market ear1y n tl,o ycnr opcnea at conpara-
md eaay reaction commenced which continued .sniu.
e e
mud hot Until tho middle Of Noyomber woro thcra any
ss sres # sa as.s s8ss n sygeea 5
+ esss Ss,S'i ia: sa's;$ ?s
speculation. The caay decino from, tho spring until
Thy pnnio was Tho result Of natural tha anpro
sumption BY tho production, and, iastls the general
:lesife e1atlnE amoig consuncrs to become lcss
toasa: Tue as. movement ot tho yeur is rashor
M at ~; any saple srt,so Is good purchase at below
an IF sa f. 30 m q @ hsg
in nnd caacs nut Of ton. not to orders. hut
anticipated onea.
pricos for pig-iron woro s45.oo to s47.8o in
hiarol, and down to e92.50 at tho close Of tho
to $4,000 III September, aud closed at $500.
The production OF alt kinds or pig-metal In
this country for 1879 amounted to 1,830, ,07O net
tons. oxcaoding TINT Of 1871 by 017,4aa tons.
tons, sl,owi.,Y deoreaBo Of sorno LID, ,000 tons,
the result OF tho panic. Fully onn-tttrd OF the
furnaces OF tho country are out Of blast, but
should tho pi csont activity continue Htocks will
sumption Of operations by ,latly stacks now ido
will doubtoss occur, Tho importntionB OF old
rails aud sorap iron for tho yoar lnvo boou re-
markaby hg!t, probably less than oo.o00 tons; =
falliug Of Of nearly 10000 tons ns compared
by two New York houses firmly, hlt thoy AFTER
ward docllncd. It iB thought that tho largo
trade fa old rafs done for sovcsal years is
ncarfy ut au. end. Wrought scrap also doolined,
and tho business hns been much smaller than
American rails havo boon dull aud unromuuera-
tive. The quantity ct iron and steel rails pro.
duced In the United 8tatos, IN 1872, vas OIL ,y92
net tona, otolu1ing tram md mining rails;
the production was 775, 733 tons. The consunp-
ton in 1879 was sl2 tons. ngasilst ,34, ,935
tons for 1871. Prices, it 1878, oponrd at $500,
aud declined to sG1.00; for the proyious year.
$71:oo, MI up tq syl;oo in ,r Atny, end dow,l
ohant bars for the first fow months was
satisfactory, hut since 1t haa boon worry dull and
unproitablu until at tho coao Of tho your, whom
prices havo HAlFencd under better inquiry.
rho imlorts Of the first nine months OF 1878
were 2i a5S tons, against IS 599 tons for the cor
responding period Of 1879. Psicea at tho mills
havo been from $lD0.S1 in January, 1873, down
to SG7,20 iii December. md for ia, $97. 80 to
St00. .8O IN December. Tho yeay'B trado in plato
iIon has been fair. Tho gas-pipo business llas
been unsatisfactory, though botter ut tie close
Of tho ycur.
LATEST.
In tho afternoon wl,ont was moderately nctivo
and 1l'nor, selling ut 91.24l6@1.34j1 for Febru-
ary, and ci0slng at the outside. Co,n WIS quiet
and alla!o titinor ut 6695 D6G1sc soller pobru-
$50 tcs at % cast $50 les do at 916c seller Fob
ruary; 75D tca at $9.4215 Heltor Maruh. Also
25u bYla meas pork at Sl4.63tG cash.