The age-herald., 1901-11-03
ANOTHER ADVANCE OF TWENTY-FIVE
 CENTS IN IRON Furnace Men Do Not Look for an Increase in the Near
 Future WANT TO SEE FIRM PRICES When 1902 Orders Begin to Come In the Market VIII Take an Upward Jump-Demand for Rush
 Shipments.
WANT TO SEE FIRM PRICES

The pig iron market remains firm and an advance of 25 cents ton on grey forge was reported. A general advance is not expected for some time.
 In fact furnace men would rather see the present prices firmly maintained for the present than have an advance, for the reason that November and Decem- Der are already sold and new range of prices would not result In bringing in any more money just now. When 1902 deliv- cries begin to be booked here on a large scale then an advance will be in order.
 In a Healthy State.
 c. A. Stillman. resident manager of Rogers, Brown & Co.,, when asked yes- terday about market conditions in pig iron market was in a healthy state with a tendency towards higher prices. He stated that some interests In the district during the past week had advanced the price of grey forge 25 cents per ton and are holding 1t at s10, Birmingham. Towards the latter part of the week some good sized orders were booked at full market prices. Deliveries on these orders extend into next year.
 MT. Stillman expressed the belief that the scarcity of railroad cars in the coal and coke trade during the past month had worked a serious hardship on Ala bama coal mines; that mines requiring fifty railroad cars per day have not re- ceived during the past month daily average of twenty, while other mines during October have not averaged three full working days per week.
 Conditions Without Change.
 Rogers, Brown & Co.'S Birmingham let ter dated yesterday follows
 Prevailing conditions are without change. The tendency towards business for the early months of next year is increasing, and the demand for rush shipments continues about the same.
 An effort on the part of some of the large buyers to break the market ten or. fifteen cents per ton was unsuccessful, and they finally came into the fold at the prices asked by the producers.
 '"Cars are still so scarce, that coal op- orators. when they have succeeded in rounding up and loading one or two lone empties look after them logingiy and are 10th to let them go to buyers even though they be loaded with two dollar and fifty cent coal" 1.
 Buying for 1902. a
 Rogers, Brown & Co.,. s circular letter from other cities are all bouyant.
 Here are extracts covering salient feat ures:
 New York-"The buying of pig iron for 1902 delivery is now proceeding on a broad scale. It seems to show that con- sumers do not expect any material fall ing off in the melt, for the first half at least. It shows also that expectations of a decline in price because of larger pro- duction are abandoned. The boot is rather on the other foot. Indications multiply that for the winter and spring. at least, 1t will be the user and not the maker of pig iron that will occupy the seat of the anxious" s l-e
 Furnaces Are oversold.
 Philadelphia-"There is no disguising the fact that many furnaces are over sold and will be unable between now and next spring to deliver iron fast enough to suit their customers requirements. Ten years ago. if the advanced conditions had existed. iron would have advanced several dollars per ton but the present policy of both buyer and seller Is conservative and 1t Is to be hoped when both buyer and seller realize the true condition that no undue advantage will be taken of the situation, as the after effect would be bad"
 Cincinnati-'The animation recognized and recorded in our reports for months past continues, and there appear no signs of abatement. While there is no excite ment, and conservative sentiment is steadying the market, there Is possibil- ity of the market taking the bit in it's teeth" and going its own course Run aways are always disastrous and produc- CTS 1t is hoped will succeed ,,n their ef- forts to prevent a wild and ungovernable market. The demand the past week has been large aggregate The buying has been principally by rolling mills, steel works and agricultural implement mak- CTS, though manufacturers of machinery and Jobbing foundries have participat ed"