The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-25
IRON EXPORT TRADE.
News From birmingham Gives Bright
Industrial Outlook I'm the south

BALTIMORE, Nov 2i.-Special-It IS
estimated that since August LIST at least
10000 tons Of iron from the Birmlng-
ham (Aia.) district have been sold 20 eN-
pOfters. This is the germ of the explana-
ton OF the independent position or the
furnaces there. The selling agents Of the
various interests don't like the enforced
dulness consequent upon such an aiutuue,
ana every concession made by other as
tricts is wired TO Birmingham, and IS Of
ten followed by orders on the same basis.
In short, the efforts are constant TO iind
weak spots or TO make them. II Is not
strange, then. that such constant eXer-
lions should sometimes meet with sue
cess. The two leading interests have
I'm stock I'm furnace yards now cOnsldera-
bly, under 10000 tons each. At the end
of the month this will be reduced TO TO-
600 at least The others are approx
mately I'm the same condition. There IA
no comfort I'm this statement for the be-
iicver tn low prices, and he can rest as
sured il Is based on solid truth. The war
rant yards are still being drawn upon TO
supplement furnace deficiencies. but the
relief from that source Is nearing the
end Holders OF warrants for thousands
OF tons but a short time ago now hold
them for only nominal amounts. me
warrants disappeared when presented for
redemption in iron, which, when delN-
cred. was shipped. The actual iron has
gone out, and IL may be said that war
rants at prices on parity with the mar
D. 4 are scarce as hens teeth There
was a lull IN the amount OF ocean room
Offering the past week, and the export
trade was only moderate. But every
week cant be crowded with business. II
is the production Of the furnaces against
prices Of the domestic market that oblit-
crate profit. And IL Is Ia measure
equally as beneficial 10 northern COM
pctitors. for every ton that goes 20 for
eign markets lessons the weight OF COM
petition Just that much in the home mar
ket Now add to this growing trade,
whose limit IS simply available ocean
room. another factor that will In few
months have an important inhuence-the
steel plant. The minimum amount II Will
take from the Tennessee Company VIII
be- say 100000 tons yearly. The probable
amount will be. say 10000 tons. To
this add what Will probably be reached
by the Tennessee Company in exports,
say anywhere from 10000 to 10000, and
We have the major part OF their output
independent Of the domestic market. and
competition on that much relieved. This
Is not simply a possibility. 1t IS. a proba-
bility that smacks Of certainty.
This i a summary OF the Manutac-
turcrs Record news this week from
Birmingham. IL is an indication OF tho
hopefulncss OF the Industrial outlook I'm
the South. which IS strengthened o.
other facts
The most important lhQASllat HN-
nOuncements of the current week, IS re-
ported by the Manufacturers Record.
were $4,000 coal mining company IN
Alabama: $4,000 lumber company. 30
barrel -four mill. GO-barrel -four MILL and
$4,000 water works IN Arkansas: $1,000
600 slate Quarrying company and $1,000
electric plant I'm Georgia Jo-harrcl flour
mill I'm Kentucky: 100000 trading COM
pany and s1,50Oe0O sugar mill company
In Louisiana. $50 600 manufacturing COM
pauy and 10000 glass factory in Mary
land: 500 200 cotton mill company. $4,000
iron company. 75-harrel -four mill. and
$50 OOO furniture company in North Caro-
lima. 81 600 900 cotton COMPRISING COM
many. $40 600 electric light plant io-barrel
1our Mill. and 22I OoO boiler comnanv in
Tennessee. $4,000 lumber company $50
C0O acetylene GAS cOmnanv lH-fon cot
ton-soed of mill and $3.50 900 construction
company I'm Texas: $50 coo wOolen mill
company and Jo-barrel -four mill ip Nir-
ginia. $4,000 mining company and $1,000
ice factory in West Virginia.