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THE DEARTH OF SHIPPING IN…

VOLUNTEERING.

IRON TRADE.

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IRON TRADE. The election of a member for South Staffordshire, which has resulted in the return of Lord Paget, has ab sorbed general attention, and considerably interfered with business transactions since our last report. In one or two places, incipient symptoms of dissatisfaction among the workmen have been exhibited on account of the very high prices of flour and other provisions, but as the cause of complaint have already abated, there seems no danger of its becoming more general. In other respects, little al- teration has taken place in the trade. Orders for all descriptions of iron continue abundant, and the production is limited only by the supply of fuel and labour obtain- able. In rails there has been a good business done, and it is fully expected that, in addition to the present large American and .other undertakings, a very extensive field must shortly be opened in the at present unexplored ter- ritories of the Chinese empire for the development of Railway progress. Prices of iron remain unaltered and may be fairly quoted—rods and bars, i 10 per ton long weight at the works hoops, £10 10s.; sheets, £11 to £12 pesr ton. Scotch pig iron seems to have remained sta- tionary, or nearly so for the last fortnight, with plentv of demand, at about 76s. per ton for mixed numbers. The enquiry for good quality of Staffordshire pigs is very ur- gent, both here and in Liverpool, and far in excess of the supply; nor can we learn that any stocks remain either in the hands of the makers, or dealers, or consumers. In many instances, inferior qualities have been necessarily substituted, and in consequence, high prices are well main- tained. The range appears to be from £4 10s. per ton to £5, 15s.. according to the make. The scarcity of coals and ironstone still continues, and so does the unusual de mand for the former, by the country dealers. Very few unexplored tracts of mine remain to be opened in this district, while many of the older ones are fast wearing out, so that no prospect of any reduction of prices, or of any considerable increase in the make of iron, is yet to be expected.— Birmingham Gazette.

EAST INDIAN IRON COMPANY,

IMPERIAL PARLIAMENT. ]

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