The Montgomery advertiser., 1908-01-13

EfttaftI T
 An authoritative statement9as made that the United States Steel 1c,ornora' ton will complete all contracts made by the Tennessee Coal, Iron and Rail- road Company, from whom the im- mense properties in this section wore purchaser several months ago. The contracts and Improvements made and planned will call for the expenditure of several million dollars. As to fur tner development this remains5 to be seen. Reports are given out that high officials of the United States Steel Cor poratfon will come to the Birmingham district in the near future. This visit VIII mean much as these officials will see for themselves exactly what they have here. An authority on niR iron and the raw material for the manufact- ure of the same was in the East this month and according to his statement ne met with some of the officials of the united States Steel Corporation. 'sDid we buy gold brick?' asked the ofl- clals of the rich corporation. Why. mo-, said the Birmingham iron man. ''to the contrary you have some good pron erty and it can be made more valuable by development" The gentleman who gives out this account says that thers was much satisfaction on the rerly given, and while 1t was stated that ali
 
 the Tennessee Company would be car. ried out, 1t is not improbable that q personal visit to the district on tba part of the men themselves might bring about big expenditure in de- velooment.
 There Is no improvement noted in the steel industry, The plants of the southern Steel Company, now in tho bankruptcy courts, may be started m by the middle of the coming month if not before, provided the creditors get together after Judge Hundlev has passed on the case and trustees have been chosen. w. H. Hassinger. former vice president of the Republic Iron and Steel Company, who is well known in New Orleans and throughout the South and West, is slated as the leading t,Is- tee: He is man practi ,al in th9 brs- mess of operating iroa and steel cun- cerns and 1t is believad that he can mt the company on ts feer agnfn If is understood that he Is agreeable to inc proposition to elect him a trustee A petition has been. filed by the Iacev- Buck Iron Company and stoclxhoIders in that concern. to with l~aw that to,n- pany from the Southern Steel Company for the purpose of saving the pronAr. ties, as it is stated, by putting them In operation. The petition win have to be passed on by Judge Hundley. along with the others. Some sort of decis,n5 on the matter is looked for before tba end of this month. The receivers oS the company are almost ready to suh- init a report to the court. ha gine nSen at work on the thing for some fine
 The remarkable continuation of oc- tivity in the coal fields uf Aisho,or has attracted considerable attentja,. Good prices obtain for coal and tbor: seems to be no end to the demand Tte mines are working almost on rnlI rims The new mines of the Birmingham Iron and Coal Company at Muigay. In tbn southwestern portio nof Jefferson Coun- ty, the largest coal bearing co.inty in the State, are in operation It last. fnj a daily output of coal Is being obtained These mines are equipped with electric and other up-to-date apliances, In fact better than any other mines in the State.