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24 STATISTICS OF THE AMERICAN IRON TRADE FOR 1894.
AVERAGE YEARLY PRICES OF IRON AND STEEL.
The following table gives the average yearly prices of the articles
mentioned in the preceding table for the years 1891, 1892,
1893, and 1894. These prices are obtained by averaging monthly
quotations, and these have in turn been averaged from weekly quotations.
The prices given are per ton of 2,240 pounds, except for
bar iron, which is quoted by the 100 pounds.
Articles.
Old iron T rails, at Philadelphia
No. 1 anthracite foundry pig iron, at Philadn.
Gray forge pig iron, Lake ore, at Pittsburgh...
Steel rails, at mills, in Pennsylvania
Steel billets, at mills, at Pittsburgh
Best refined bar iron, from store, at Pbilada
1891.
$22.05
17.52
14.52
14.06
15.95
29.92
25.32
1.90
1.71
1892.
$19.48
15.76
13.54
12.81
14.37
30.00
23.63
1.87
1.64
PRICES OF WIRE NAILS AT CHICAGO.
ivy.
$16.43
11.52
12.73
11.77
12.87
28.12
20.44
1.70
1.50
1894.
$11.95
12.66
10.73
9.75
11.38
24.00
16.58
1.34
1.20
The following table, prepared for these pages by Mr. George W.
Cope, associate editor of the Iron Age, gives the average monthly
base prices of standard sizes of wire nails, per keg of 100 pounds,
from the factory, free on board at Chicago, from 1887 to 1894.
Mm:,:!.-.
January
February...
March
April
Mav
Julv
August
September..
October
November..
Decern lie r...
Average.
18S7.
$3.50
3.65
3.65
3.45
3.20
3.00
2.95
3.00
3.00
2.90
2.75
2.75
$3.15
i—.
$2.70
2.60
2.65
2.70
2.60
2.50
2.35
2.45
2.55
2.55
2.55
2.40
$2.55
1889.
$2.55
2.40
2.35
2.35
2.30
2.30
2.30
2.25
2.35
2.55
3.15
3.00
$2.49
1890.
$2.90
2.95
2.75
2.40
2.30
2.40
2.40
2.50
2.55
2.40
2.30
2.25
$2.61
1891.
$2.22
2.27
2.22
2.12
2.05
2.02
2.07
2.02
2.00
1.90
1.85
1.80
$2.04
ISM
Si .82
1.87
1.85
1.75
1.70
1.57
1.70
1.70
1.67
1.57
1.60
1.60
$1.70
IS93.
$1.57
1.55
1.65
1.65
1 60
..w
1.47 1.50
1.47
1.47
1.40
1.30
1.27
$1.49
1891.
$1.17
1.20
1.15
1.00
1.07
1.20
1.20
1.15
1.10
1.05
1.05
1.00
$1.11
There has been a decline of over 72 per cent, in the price of
wire nails in the eight years from February, 1887, to December,
1894. The fall from $3.65 per keg in 1887 to $1.00 in 1894 is
remarkable, but since January 1, 1895, sales have been made at
95 cents and even at 90 cents per keg.