Birmingham state herald., 1896-02-26

Birmingham bank clearings are climb ing again. Yesterdays figures were over 100 per cent better than the same day last year The figures were $145, 5,1SS.23 to $6O,- 25396.
 Some folks call the auditorium-to-be the sam Jones tabernacle" What if they do? It is popularly believed it will be one of the most helpful public enter prises in which Birmingham can engage. It ought to be fit to accommodate the great crowd-drawing evangelist's hearers and to be so big and well appointed that it will land Birmingham in the front rank of the convention cities of the coun- try. Certainly no city is better situated in the south for such affairs than Bii- mingham. It is near the heart of the south and is unexcelled in railway con- nectionS.
 Be assured the Tennessee Coal, Iron and Railway company are keeping well in mind the effecting of steel manutae- ture in Birmingham. The other project in that line, in which it is expected that Chicago capital will be interested, is in good shape, and interesting develop ments may be looked for to tranSplre In a few days.
 The Birmingham Cotton factory has made a successful start and there is no doubt it will soon be in the push of Ala bama mills, which have been declaring dividends of from 10 to 20 per cent even during the hard times that have pre- vailed during the past few years.
 One of the surest money bringing en- terprises to Birmingham will be the races to begin on the 18th of March next The ouarterjng here of several hundred highly prized thoroughbreds, requiring the closest care and treatment, in which expense is the least regard, makes con- siderable item in addition to local cir culation. And when the sports are con- gregated and begin to skin their wads Birmingham will be in the swim with the best of them.
 The Tennessee Coal, Iron and Railroad company has just made it's fourth and largest sale of low silicon iron to Hart Bros. of Pittsburg the well known mak- CTS of all kinds of tools. The fact that it is the best sale yet made to the concern argues they are we'll pleased with the iron.
 Tn a talk with a State Herald repre- sentative, who yesterday asked Secreta- ry Bowron of the Tennessee Coal, Iron and Railway company to give his view of the iron situation he said.
 "The effort of the Chicago manufac- turers to cut off southern competition by their recent reduction of $1 per ton has resulted in producing a certain degree of apathy on the part of consumers some of whom have withdrawn from the mar ket to abide vents. to see whether south ern producers will follow them down. Stocks are still accommodating, but, on the other hand, there has been some further reduction of manufacture. which has brought the production of furnaces more into harmony with consumption. Rail- road business has increased. Car works are buster and there is a better feeling in bar iron, although rolling mills are still sluggish and refraining from buy ing pig. The outlook in pipe works is improving both with heavy founders and also makers of soil pipe. The out look favors no immediate change in prices within the next week, which is as far as it is prudent to forecast. Money is close in commercial circles all over the country but relatively easier in the south than in the east or west. There is a gathering undertone of strength and confidence in New York which is going to make itself felt by the time bond pay ments are all completed"