The Montgomery advertiser., 1906-11-05
PIG IRON MARKET
RUNAWAY PRICE MARKET IN BlR-
 MINGHAM DISTRICT.
! Furnaces Are Busy Bat Cannot Meet Demands and Shortage of Rail- road Facilities is Hamper- l ing the Operators.

Birmingham. Nov. 4.-(Special )-I Alabama iron manufacturers are getting almost any price they could ask for their spot iron, the last quotations an nounced publicly being over s?1 per
 iron for delivery during the first half mand also and is bringing top notch prices. No foundry being quoted be- to the time limit given for delivery. The make in this district shows abso- utely no improvement and some com nlaint is again heard as to the raw
 Notwithstanding that the weather has been good for outdoor work at the mines and around coke ovens and etter service is heing given by tn. railroads in the district, the furnace managers complain that their bins are ao bs s bens msna very cautiously.
 Attention Is still being directed to- wards a larger output at the ore and ruption Is looked for during the win ter. There is still considerable delay in movements of the finished product Nashville is doing about the best of all the railroads handling the industrial business in this State. though 1t is not denied that a number of locomotives divisions south of Montgomery to as sist in handling the big business which accumulated during the storm and which has not yet been caught up with. The division in which Birmingham is the center still suffers for the want of the locomotive power. On other cars but the locomotive power is very short. This has a tendency to dis | turb the activity of the industrial sec railroad facilities there is but little | iron accommodating. There is a delay | in deliveries announced by the iron manufacturers.
 but the statement is made that as soon l as any of these iron makers are ready for the torch others will have to go ou. l of blast.
 | Orders on hand and inquiries in hand which promise to develop into business warrant the assertion that there will be a steady operation among the fur l tion through the better part of the coming year, If not through the entire | year.
 The orders on hand will take up almost the entire probable make for the first three months of the coming year. The inquiries in sight and the business that is ,. certain . to develop make not only of the second quarter hut also through the third quarter of | 1907.
 l Alabama iron Is being sought by foundries and other industries through out the country. Shipments from this | section of iron ore are In various di- rections. The home consumption Is is going out of the district.
 Preparations are being made to in- crease the home consumption but the more iron ready to care for this extra | consumption at home. The prospects were never brighter in industrial cir cles In the Birmingham district. | prominent iron man in this dis trict in speaking of conditions said: p'It is not a matter O, selling iron right now. The question is how much do we want to sell ahead and do we want to sell at present prices. It cannot be denied that the quotations are high but I am one of those who do not en-
 oy bst market ss heTe and mart will be injured by the break"
 Before the end of the year It is es.. tlmated ed that the ,,9 pr9bsble make 9f or secured by option for the first two quarters of the coming year; Many the third quarter of the coming year. The steel plants in this Stat have. or ders on hand whicn win keep then ing year. These companies have their own furnaces to supply them iron. but the Southern Steel Company cN- gently purchased for heir. own mills, as soon as orders accepted before the purchase. and this will mean that fur be called on for q larger amount of iron.
 There is no way to look atead for d strong demand and healthy market for many months to come. During the past week David Evans. of Chicago, well known iron salesman. ,S;n Was In the the to to pay W more than ;31 for tae product but could not ret the full order tilled. Tihreshing Macn,ns Company of Chi. cago. who placed ar order for for more livery during the secrnd quarter ot aae agents fs'i'aS have ss sesa n the Btrmlneham
 The runaway :n1I kct is certainly on
 The orders already accepted u and and those in sight for steel steel in srat,oa aii snapes ; ali ii1 industries in this district through the entire coming year, Good prices have for ans stfe na Snd e With the iron prices increasing, steel also are so not n posten
 
 to accept much business
 Cast iron pipe works. foundries and machine shops and other. kindred In dustries in the Birmingham district are all busy institutions with ths | brightest of prospects,.
 Tn the Coal District.
 operations in the coal district Avsry Q, ton of coal that can be mined is be-
 gotten out rh. saso.d .aate 1ar s5 ths raiTroads being unable to begin hand ling the business as promptly as the Good prices obtain in coal circlesand the prospects are bright lor stronS demand for all the. coal that can be Reports por i Come here from New Orleans 10 the effect that there, Is a scarcity of fuel in that city and the Alabama mines will be called uuon to furnish coal .., T., .;,, ply fearful. the car shortage being noticeable. The production hn n the the Hoai ins hiIifv Of inc railroads to give the