Papurau Newydd Cymru

Chwiliwch 15 miliwn o erthyglau papurau newydd Cymru

Cuddio Rhestr Erthyglau

7 erthygl ar y dudalen hon

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Newyddion
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THE IRON TRADE. m I rpt _1_L MlDDLESBOR(-)UGIL, Laesuay.- -L iie MARKET to-day waa very quiet. S,) far as attendance went it was everything that could be desired, but business was largely at a discount. This was not merely the case with iroD, but the coal aud coke merchants also reported a very slack con- dition of trade, with low prices. Coal, however, did not evince ai-y material change since last week, when there was a decline in soms sorts. The enquiry for pig-iron is small. Bayers proceed on the principle of purchasing from hand to mouth. T ht Y will not commit themselves in the present state of the market, and some of the shrewdest men in trade believe that there will be a great decline of prices of pig-metal yet. Though outwardly there is not much change to be reported in prices from those recorded last week, yet there is an undoubted downward tendency of the whole, as makers are now coming nearer merchants' rate?, tliowing that the market is settling down. We heard of No. 3. being sold to-day at 73i. 6J. to 7-1., but the general quota- tion w»s 75s. and it may be safely stated that no sales took place beyond that figure for ordinary GMB. No. 4 forge was 71s. to 723. We have not much fresh to record of finished iron. There is reatiy but very little demand. Rlils are quoted at all prices from zeg. 10s. to £ 10. 5-J. We heard of an order offered to be taken at Cleveland at £ 9. 7. 6 I., but it went elsewhere, where the price quoted was less. The annual meeting of the Darlaston tron Company was held yesterday. The net earnings were £öO,OOO for last year. A considerable amount was carried to reserve and taken foiwird after p v;i:g 3l £ per cent divideLii for thirteen and a half months. WOLVERHAMPTON, Wednesday.—The market opened with much indecision. Neither buyers nor sellers appeared able to make up their minds to close transactions on terms mutually satisfac- tory. Sellers of finished iron secintd as much iilruid to quote as buyers were to purchase. Indeed one proprietor of mills and forges had in the week withdrawn an offer madelast week tosell ¡ certain (It scriptioiis at a drop on previous price of 10s per ton. At an influential meeting he'd 'his afternoon at the Swan Hotel, in this town, of the blast furnace proprietors of South Stafford- shire and East Worcestershire, it was resolved That lonrifceu days' notice be given on Satur- day next for a reduction of ten per cent, off blast furnacemen's wages." It is the custom of the trade to bring down the wages of the blast furuacemen simultaneously with a reduction in the Wtffres of the miners. No serious difficulty is expected at the adjourned meeting to be held iu London on the 18th inst. between the finished iron makers and the acting committee of their men as to the future scale of wages. I

THE COAL TRADE. -I

AGRICULTURE.

- r _ __-.1 THE LORD MAYOR…

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