Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-06-29
ADVANCE IN PRICE OF IRON.
Csrrespondins Advance In Wages
of Alabama Miners-Lumber.

BIRMINGHAM, ALA, June 2s.-The
Age-Hcrald will print the following to-
morrow morning: Iron was advanced 81
ton yesterday by the Tennessee Coal,
Iron and Railroad Company. which repre-
sents total advance OF SIS ton since
the 18th OF March. and the indications
arr that IL Is not done rising yet. The
prices ruling In ;he Birmingham iron
market yesterday were as follows: No. ]
foundry. 1915: No. foundry, 20; NO. ("
foundry, -; No. l soft. S.25. No. soft, s''
gray forge, $50: mottled, S.75. The Ten
nessee Coal. Iron and Railroad Com
pany sold considerable lot OF Iron AT
the new price yesterday. and the market
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
residence yesterday Tor the purpose OF
interviewing him. Mr.. Baxter was In the
best Of spirits. and In response to the
reporters questions said: I'VE made the
advance in iron to-day because we were
selling more iron than we were making,
and on account of the activity and
strength of the market. also, to put us
on an equal footing with the northern
and eastern markets. The advance to-day
OF 81 ton makes n total advance or s2.2o
we have had on our iron since March
18th The advance of Bessemer iron at the
same time has been $50.
Under this price, coal-mIners working
I'm the mines OF the Tennessee Coal. Iron
and Railroad Company in this district are
entitled TO an advance in their wages OF
soc. "A 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 LIST they would receive zoe.
a ton more for mining than we have been
paying them. Notices to this effect have
been posted to-day al all our coal mines
in Alabama.
THE Tennessee Coal. Iron and Railroad
Company has about 5000 miners employed.
and the increase in wages amounts 70
about u per cent The people OF this com
munity have great cause to be congratu-
lated" continued Mr. Baxter. ION this
advance In the price of iron. and the
increase in the wages of miners, as
Birmingham IL more largely identified
with the coal and iron industries than any
other southern city They will de-
rive beneficial results from the
advance IN iron and wages IL
means a great deal more money for dis
trbuton and circulation, and will attract
labor"
Continuing. Mr.. Baxter said: This adj
vance I'm iron to-day brings it up to the
prices of 1899. hut 1t is still lower than
the prices that prevailed prior to the
panic of 1899"
Mr.. Baxter predicted that iron would
so stlll higher this year, even withi-
short time. Speaking Of coal. Mr..
Baxter said the Tennessee Coal. Iron and
Railroad Company were opening the
Henry Ellen Mine, located twenty miles
cast OF birmingham, on the Southern
railway. BY July lst they VIII be ready
to ship coal from this mine. The COM
pany has spent large amount OF money
cleaning out tho mine, which has been
closed the past four years. and during
the fall and winter they expect 10 mine
a large quantity OF this superior coal.
The coal mined there is equal to that oh
tanned in any mine in Alabama for CRATE
use.
Lumber is another article which il
manufactured on an extensive scale I'm
Alabama. \ prominent lumber dealer
stated TO an Age-Herald reporter to-day
that he expected an advance in the price
Of lumber in a few days. He said lumber
ana iron usually rose and fell in about
the same proportion. The demand for
lumber is good. and the market displays
considerable activity. The JemisOn Lum-
her Company. located at Jemson, on the
Louisville and Nashville road about
fifty miles south OF Birmingham. has
advanced the wages OF it's employees
J. IL per cent
ADVANCE N OHIO.
PITTTSBURG. PA. June pa special
TO the Times from Youngstown, o.. says:
An important meeting of the Bar-Iron
Manufacturers Association was held here
this afternoon, and before adjournment il
was unanimously decided 10 advance the
price Of bar-iron s. per ton. The advance
goes into effect al once, and is the second
OF the same amount in a short time. An
other advance in a few days Is probable.
as all renOrts indicate an activs demand.