The Montgomery advertiser., 1907-07-08
PIG IRON MARKET
ALABAMA MANFACTUR RERS ARE
 MORE THAN OPTIMISTIC.
While There h Practically No Dcmand At Present Stili The Third Quar-
 ter Product IA Practically

Birmingham, July k-(Spec!ul)- Alabama manufa ,turers of pig iron be- lieve that by the end of tho third quar- ter of the year. just sta: ting, that the buying for delivery during the first half of the coming year win be we'll In hand.
 The iron market right now is quiet, though the manufacturers are offering no complaint A few sales continue to be made. delivery during the fourth quarter of this year and the first half or the coming year. Prices are firm. No. foundry. for delivery during the first half of the coming year being quo- ted at SIS 50 per ton.
 Third quarter iron is considered the same as spot and none of the manu- lecturers in this State are in a position to handle any of the business offered. Fourth quarter iron Is quoted at $21.50 per ton. No. foundry. If manufac- turers want to they can sell their spot iron at $23.5 per ton. No. foundry basis but inasmuch as some of them are behind in deliveries there is not much trading being done in that article.
 J. W. Mcqueen, vice president and general sales agent of the Sloss- -Shef- field Steel and Iron Company. when questioned concerning the iron market said: Just at present the iron mar ket is little quiet. A few orders are coming in of their volition and a num- Der of inquiries are being received. The manufacturers cannot complan and the prospects are bright Some few or ders are being received for delivery during the first half of the coming year. The production will show inn provement during the next four weeks"
 From other sources 1t is learned that the manufacturers expect the demand to be strong through the better portion of the coming year. Before the end of the quarter just starting, 1t is expected that the probable make for the first three months in 1908 will have been covered. The furnace companies are still pushing the repair work going on in various sections of the district.
 One furnace went into operation this month, another is on the calendar to resume operation this week and two others are to be started up by the end of this month. There is no possibility of too much iron being manufactured for some time to come. No iron Is go- ing to the yards the product being shipped out about as rapidly as it Is being manufactured. The home con- sumption of iron is extensive with no indications of an early abatement The cast iron pipe makers are the largest consumers In this district, though ma chine shops and foundries are requtr- ing no small tonnage just now. The rolling mills in this district have shut down for repairs. The stock rooms at the mills are not carrying any of the finished product, so 1t is believed that as quickly as the repairs can be made the machinery will be put in motion again. Something like five hundred men will be given a rest during the heated term.
 Raw material supplies are plentiful for furnaces In, this district just now. No complaint Is heard of at all as to the ore supplies. The ore mines are doing we'll
 Transportation facilities in this dis trict are all that could be expected. The reports of the Alabama Car Ser vice Association for the month just passed will show decided gain oyer the same month a year ago. The time is fast approaching now when just a wear previous the railroad car shortage was very acute. Any kind of effort now shows up most favorable in com