The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-12-20
The Iron and Nall MarLet-PFIees BE
ginning TO HOOm Again,


The Pittsburgh Manufacturer, Of yester-
day, makes the following comments on the
present outlook Of the iron and nail mar
ke:
Last week We stated that producers were
NkinH from one to two dollAn ton more
for neutral aud red-shot mill irons, but
that no sales had been contaminated at
tue advance asked. This week we are
ALE to report the sale Of 4 Rood.slzed lot
between 500 and 1900 tons-oi red.short
Anthracite mill at SIS cash, which is an
ADVANCE Of from one 10 two dollMs, and
SINE very choice Ied.short bituminous
nil ut $36. Consumers are picking up all
ths neutral and redshort mill irons they
cl1 get at from $50 TO SIS. Other grades,
bsiny In better supply, arc held at the
ptces that have been current for some
weeks past. Producers are very Arm, and
SCENTS express the belief that prices will
h higher in January and February. Con.
iumers. too, must be OF the same opinion
-Or at least that prices will not be any
.Ower-Rs II Is said they are buying all the
sod iron they can got at current prices,
In regard to nails the MANUFACTURE has
this to say: at 10 not at all likely that
hero will be much business done in nails
unlil next season opens, when It Is proba.
Ols the demand will be very large, owing
to the piping times"
Philadelphia Adyices Of December 18th,
ID regard to the iron market arc rs follows:
1.-THE market evinces greater strength
than for some time past, and prices OF all
grades mark an improvement, the general
market again tending 10 buoyaucy. Buy.
era arc numerous, and are extremely
anxious 10 place their orders, even at an
advance, but there is feeling adverse to
long dated contracts, and makers generally
are not GnxiOus TO secure these orders ex.
cept at full figures, and In many instances
are declining 10 name prices for next
years delivery. Some lew ordsrs for large
amounts have been entered for delivery
next year, but greater number Of orders
Tor large amounts have been refused"
Now York advfees Of the 18th arc still
more pronounced than the above quota
ton from Philadelphia, and read as fol-
lows: s '-.'
There Il now under way the initiative
Of what promises 10 be 4 greater boom
than has ever bOen experienced In the |
iron trade Of this country. This would |
seem something like rash statement 10 |
make in tho face Of what has transpired |
the current year. But nevertheless there
Is every reason to consider II as possible
~ AnythinE can be, and nothing ON which
10 make plausible showing 70 the CON.
traty. Everything in the shape Of cheap
oubide lots have been cleaned up. Ina
bility to oil orders substantlates this be-
You'd all doubt. Orders coming TO hand
arc increasing In number and call for
larger parcels nearly every time. Each |
successive day finds It more difficult 10
secure stock from any quarter, while buy.
ets are not 90 particular about price Just
now as they are anxious to secure supplies
ior near future wants. On Monday Of
the present week one prominent commits.
sion hrm telegraphRd 70 twenty.seyen dlf.
ierent sources Tor prices for lots deliYera-
bic early In 1880, Not one answer was 70.
ceiyed that would give the least satlSiac.
ion' but on the other hand made replies
o. "toId ahead for three months, J." Supply
AIl SoIl," nothing 70 oaer," and similar
terms having the same meaning, Such
thlng a. a reliable price cannot be quoted
a. me moment, and every Indication
polhA 10 h realization OF the statement
m MAJ some lew weeks ago that so per ton
wM 20 paid for prime No. X 1ehlgh !
10y Ioundfy Iron before the hrst Of April, 1850, |
Inc foreign markets show q decidedly nd.
Vanein8 tendency, and parties having
most 10 do with foreign stock are moro dis.
posed TO conduct their operations in
manner that will realize largest proatS,
ralpes than pursue 0eurls thA! would
break pFisss great deal. h - |