{"newspaper_name": "Mobile register and journal.", "edition": "01", "page": "p2", "byline": ""}
{"character_count": 1593, "word_count": 293, "ccnet_language_score": [0.9628999829292297], "ccnet_perplexity": [1084.5999755859375], "fasttext_language": ["en"]}
TIE IRON 5PEcULArioN.--The bubble has burst at last, Pig iron, which was selling at i6 two months ago, can now be bought al 55s a ton and is fer present circumstances, a dangerous speculation even al that figure. Fine calculations appear in the papers, going to prove that iron really ought to bring IT ton or more; and yet people are so blind to thelr ateIest that they will persist in gIving only 5os when they ought to be giving at

 least double IL will not do to tell us about new railroads going on. The iron works can provide for them as fast as the Legislature will pass their acis. We should like ihe question solved, what is to be done W th the enormous quantity of iron now storing in behalf of speculaors1 How IS this addi- ,ional quantity to got rid off How is our foreign trade to be revived2 Certainly in no way but by a season of continued low prices. We wish makers would see IL their interest to face the matter at once and reduce prices figure that will encour- age consumption at home, and cause exporiation to foreign countries. Instead of pursuing this course. however they hold their meetings. and say the price IS i4 lbs, when 1t Can be bought at 55s. Now this :laie of things cannot last Their order books may 6s Hull now and they may think themselves Indepen- dent of prices for six months to come; but these months will pass over and they will then find that most oi lhe orders now executing, and most of the

 iron oeIng now produced, will enter into competition with their future make and, in all probability, force dOwn prices lower than eysr.--JGIasgow National,