The Birmingham age-herald., 1908-05-23
.SLOSS COMPANY
 |S LIGHTING UP
 NO Z FURNACE Iron Market Has Taken De- cided Spurt and Is 0n a
 Genuine Boom INCREASED DEMAND MEANS RESUMPTION OF FURNACES Indications Are That Present Orders On Books Far outrun the Stocks
 of Iron on the Yards.
 Iron Prices.

ming iron next week. This gives em- ployment to additional wage-workers, not only at the furnace plant but at the ore and coal mines.
 Vice President J. W. Mcqueen returned from Sheffield yesterday afternoon and announced that No. ? would be blown in at once. He said that Lady Ensley fur mace at Sheffield would be blown out temporarily for needed repairs.
 The pig iron market, which has been showing marked improvement during the past ten days, is now decidedly active. In fact 1t is booming. A lively buying movement is in full swing and yesterdays inquiries indicated a still greater demand. All the furnace companies are booking contracts and the new price schedule S11. on a No. basis, is not only not oe- ing shaded but the chances are that quo tations will be marked up next week.
 MT. Mcqueen said last night that the Sloss-Sheffeld sales so far this month totaled 10000 tons, and that of that ton mage 10000 had been sold to a merchant firm on the condition that 1t was not to be put on the market until 1s09 It was d CdSIl Sdle, however.
 It was stated at the Alabama Con solidated's general office yesterday that within the past ten days that company mad refused s11 for 50000 tons of iron; that not cent under $11.50 for No 9 would close a contract. The Alabama Consolidated company made it's first sale yesterday for the fourth quarter. It was a contract for 1000 tons of Clifton analy- sis at SIS on a No. 2 basis.
 The following private telegram was re- ceived here yesterday:
 New York, May 9, 1908
 We were offered an order today For 10000 tons of pig iron, Birmingham de- livery, at $11, 20 net We are rejecting all rush orders. Steel meeting here yesterday very optimistic and all are positive that the tide has turned and from this date will see advancing prices in the pig iron market. J. H. HOADLEY. It is a well known fact that many con- sumers are clamoring for immediate de- livery iron At the close of business yes- terday, 1t was generally said that the market excitement had developed so sud- denly as to forecast a more vigorous movement than had been in evidence for 9 year or more.
 Stocks on the yards are light and while in most cases recent sales have not been made public there is every reason to be- lieve that orders on the books far outrun stocks on the yards. In view of such con- ditions, more furnaces will shortly be blown in.
 purposes and the gain to them. The citizens of Birmingham owe 1t to this club to sustain it and increase it. In course of time, the club will have more members than it wants, for there is no other place where a dollar can be so well spent, and do so much good, for your own pocket as from the treas try of this club.
 The figures show that more than S25,O0O have been collected and expended under the direct auspices of this club during the past year, and it has not been a good year for collections. This money has been expended for the general benefit, no special enterprise or idea being advo- cated, but in such manner that all who
 
 merly our citizens rebelled against tax ation without representation. The Com mercal club is giving many citizens of Birmingham representation without tax ation.
 Club Building.
 The third subject which was specially undertaken, and in which we report pro- gress, but not completion, is that of the club building. This is a subject which can only be ended by providing for it; it is like the woman that you cannot get rid of except by marrying her
 This matter has been under special con- sideration and work by your committee on that subject through MT J. A. Emory. it's chairman, and his able assistants, during the entire year, and they even now have plan to present to you, and are waiting for the correct physiological moment to bring it forward. You will shortly hear from them
 A club building simply must be had, in order to provide the necessary conven- fences, and in order to provide home, and in order to provide-in part-the finances from which the club should be run. The plan which will be brought in will provide for some donations of money and much donation of brains, from both of which the club will draw it's inter- est
 The club must own its own home, and no club member should feel satisfied un- til it does so, and each club member ought to give the committee to be ap- pointed on this subject his fullest sup port and aid.
 Statistics of the District.
 The secretary of the club has already given you his exhaustive report of what this district has done during the past year. and it will accordingly not be necessary for me to go into any detail of our work as his report shows the same so fully, and can be referred to by fu- ture statisticans of our progress.
 Our club is called upon to indorse many undertakings, and 1t goes without say ing that our indorsement is of material Importance, and of substantial aid and benefit to any enterprise to which it Is given. With this in view, we have not been able to iPdorse everything brought to our attention. but we have aided all