, 1881-07-01
THE IRON MARKET,
Ups and Downs II. .PrlceS-1mportntfoux
IRON England In spise or High Du~

Ups and n0svnA III tPricex-1mportntfoux
IRON England In Splse or High Du~
tieks
recent failure or two In tho metnl trade, In-
duced Gy unfortunate operations In lrun, su1-
geste An uxamfnu ton Of tho course 0f TINT tuetAl
during tho plst few years slnco tho ''bnum" bo-
guu. Frutn $t7 pur ton ut tho beginning Of 1870
tho prite Ut American pig advanced to tel by
the middle ef August, tu 81 In September, $31
early LII Oetu1or, $35 to sH curly In january,
lssv. and abtut *4u by tho middle OF Fubruary.
During thlriy-slx years Just preceding tho War
therc Is ~ record d any price quito 80 low Us
ST, although in tho qummur ot lS5a and 1H5J It
WIS. $iv. After. Fohruary. 1885, rho n,Arkvt
wcakoncd nnd .lrupped 81 to $l1 Ia tho three
weeka ending April IT,. About May i It was S:8
to Sjl: june !. 81 to ss3; July J. $al tn ST; Aug
], III to sss; through the rest ut 1881 tho. prue
vasled between S.i.5U and So, clualtlR Ut Mbout
$a5. since which dato shoro has bosn no great
change. ~
1mportatons Of pie.lron woro 8sl,3e3,,sA
pounds In tho calendar year 1876 antnst III, ,os.-
Gs] III 1873. In tho lrst hatt VI 1879 the quantity
WIS 10, 4t4. agalt4t 80 0as ,olD Ia 1873. OF thIs
47.s0,0N naunds tncreaso, :a,57J,0N was fu Tho
secosd ouarter. Tho secoud halt Of 1870 brought
o7505l. .a. a9alust 81 ,aat ID 1878. Tho tnpor-
pounds, or Ei6,0 tons-wcro naatiy Ss,udi
70 tho lnportntons fur thaliaoAl yc4r l877.'H,
poss al an Dsca'nSur ID aadea a. Il ly
Tho !afxext 'mportatous tn any pravtUus year
for qliArter u1ltury we!0 Just abIut etluAIed
W thuso sf the last I've months Of 1919.
In tho first quarter TT lssO 485 O0u,O00 pounds
Wg1s -, s M ppeA p ; asta9s from Great Britain a9aiaat
tl,n0 tt l0 Included In tho trBt quarter returns
but he}Ped swell thuso OF the Htgunu quarter.
The production OF qreAt Brltain for tho year
WIS 3, a,l4.uiuUeQ pounds. showing IN tnoreAse Ut
Ivy Do - soaipared with lssg: tho oxpuria
UnitGl btAtes took about Is per ueat at lIlU total
i3rtttdh production. aud 81 per ceht Ut tho Itl-
creased production uvar 1870. Tho brpJuet1Ou
III tlia ou4tltry for 1879 wns 1.nl ITO pDunlgt
1nuca the lMEKeat over known; that for ltSO wp
stsd axs fst st Si'sy SSp0'''a 0a! Il has been 's'
Under tho saddun sttmntus ot. demand, wild
snrMinhlo set IN nut An'y to prNlueH, but IN u-
Nrt; drnK.no Maf0 Clet out I'LL over tho wtIrI1
aud ir0n rushed h thor ~ II born0 on wings u
tho winds tnstend Of bnnx sollu ~ banaI; al
tha Old eatls ,1ycn tint could ho reached WerD
wAa mp1rtad. In Htptomper, lB7v, It wis said
that 4 Western raiar0Ad hll fr[01 in vuIn II,
pixca all 1r4lar for 6.tku tuAs of Hosaemer etee-
rAlla aud that thu u0verntnett ojuld hardly Epk
Any IRON, making cunceru t0 reply to uitoulnr-
letts. calling tsr psoposals 10 furnish i larKe
tile most acttve ti0nths ut the bnM, The ,iution
or nH 4ndcAntt pruHraasIun In prices scanled to
hnva taken hnld " tho majority, and suHEns-
tlons nt 9et.9Ruk Wtro deridad. Thu n,iirkvt
soo!ned tnsat'a1le bur Il beeatne satiutctj, ns It
hHd OeenMo 9nftlrp. Nov, ufter \ ssruKy!8,
ubout one-tenth Ut the flEnueu-atHcks III tho
country have blown Out, not because there Ia
atIy general duitHess III Lilo usa Ut Iron. but 6o-
cauae Enxllan iron IL Atla con,Inx, "ana thero IL
1uat heh'lt gnt'l1Rh cnmlny nuw to nuke tho
nlloh. ~ adalt'on 70 the product 1t A,nertcan
ar1tun1."