Birmingham age-herald., 1895-06-29
AND MAY GO STILL HIGHER
Tabulated Statement of Ruling Prices for
 This Market.
WAGES OF THE MINERS ALSO ADVANCED
President Baxter of the Tennessee Coal and Iron Company Ta1ks-Looks Like Bir- minghan's Chance = Lumber
 Will Also Advance.

Iron was advanced $1 ton yesterday by the Tennessee Coal, Iron and Rail- road company, which makes total ad- vance of $2.75 a ton since the 18th of March, and the indications are that it is not done rising yet.
 Prices ruling in the Birmingham iron market yesterday were as follows:
 No. 1 foundry, s9.75.
 No. foundry, $92h.
 No. foundry. $9.00.
 No. 1 soft, S925.
 No. soft, $9.O0.
 Gray forge, SST5.
 Mottled, $S.75.
 The Tennessee Coal, Iron and Railroad company sold a considerable lot of iron at the new price yesterday. and the mar ket is active and continues to strengthen day by day.
 An Age-Herald reporter called on Presi- dent Baxter of the Tennessee Coal, Iron and Railroad company at his private car yesterday for the purpose of interview ing him. Mir. Baxter was in the best or spirits and in response to the reporters question said:
 We made the advance in iron today because we are selling more iron at the former price than we were making, and on account of the activity and strength of the market, and also to put us on an equal footing with the northern and east ern markets.
 a total advance of $2.75 we have had on our iron since March 15. The advance on Bessemer iron in the same time has been $3.50.
 "Ijnder this price coal miners working in mines of the Tennessee Coal, Iron and Railway company in this district are en- titled to an increase in their wages or cents ton for mining coal. So soon as we announced the advance in iron We i'm mediately notified the miners that from and after July l they would receive cents a ton more for mining than we have been paying them. Notices to thls effect have been posted today at all Of our coal mines in Alabama. The Tennes- see Coal, Iron and Railroad company have about $500 miners employed, and the increase in wages amounts to about 15 per cent.
 ''The people of this community have great cause to be congratulated" con tinued MT Baxter "on this advance in the price of iron and the increase in wages of miners, as Birmingham IS more largely identified with the coal and iron industry than any other southern city. They will derive beneficial results from the advance in iron and wages It means a great deal more money for distribution and circuis tion. and will attract labor" Continoing, MT Baxter said. This advance III lTOn tOQdy DIlDSS IL uP io llc prices of 1893, but is still lower than the prices that prevailed prior to the panic of 1S93."
 Mr Baxter predicted that iron would go still higher this year, even within short time
 In speaking of coal, Mir. Baxter said the Tennessee Coal, Iron and Railroad company were opening the Henry Ellen mines. located twenty miles east of Bir- rningham, on the Southern railway. By T,,I, twill ha 6N n n from the mine there. The company has spent large amount of money cleaning out the mine at that point, which has been closed the past four years, and during the fall and winter they expect tc market a large amount of this very superior coal. The coal mined there is equal to that obtained from any mine in Alabama for grate use.
 Lumber May Advance.
 Lumber is another article which is manufactured on an extensive scale in Alabama prominent lumber dealer stated to an Age Herald reporter yes terday that he expected an advance in the price of lumber in few days. He said lumber and iron usually rise and fall in about the same proportion. The demand for lumber, he said. is good and the market displays considerable actlv- ity.
 al Jemison on the Louisville and Nash vile road, dDOul fi.ly HniiCo SOuth Ot 1iA' mingham has advanced the wages of its employees 121A per cent.
 Wages Raised at Thomas.
 The Pioneer Mining and Manufacturing company has raised the wages or It's furnace employees 10 per cent. Notices to that effect were posted at its furnaces Thursday afternoon, and will take erect on July l. The notice was accompanied with the statement that as soon as busi- ness would justify 1t another increase of 10 per cent would be made. A few days ago the miners employed by the Pioneer comnanv in it's mines at Goethite, Tus- kaIoosa county, were given a raise of 10 The Pioneer Mining and Manufactur ing company has two furnaces located at Thomas, five miles northwest of Bir- mingham, both of which are now in blast.
 General Increase.
 It is understood that the increased wages for coal mining will be general ; throughout this district. though all the operators have not the same contract with their employees that the Tennessee company has. There are over 5000 miners in the district, and should they all re- ceive the new scale it will mean some thing like $30,000 a month additional wages paid out in this district to coal miners alone.
 The Tennessee company's contract with it's miners is that 37k cents a ton shall be paid for digging coal when No. foundry iron sells at the furnace at sS.50 ton or less. and for each 50 cents advance above that 21a cents ton. Yes -terday's advance fixed the price of No. 1 foundry at $9.75, and the miners are therefore entitled to 421s cents ton for digging coal.
 Great Rejoicing.
 I,ettkr feeling prevails in Birmingham todayitha has obtained here in several yearsk No more is the croaker or calam- ity h4wler heard. With the advance in iron q dhd wages comes general rejoicing and | 2e complete restoration of cnnli-.1