The Montgomery advertiser., 1908-05-04
MARKET FOR IRON
PAST WEEK BROUGHT MUCH BET
 TER PRICES.
Rumors Have Been Afoat in Blrming- ham District That Pig Irop Man. ufacturers Have Been Selling
 Under Market.

 Birmingham, May 3.-(Spectal.)- Despite continued rumors that South ern pig iron manufacturers are selling iron under the regular quotations or l preparing to unload a large quantity Of ! iron on the market al price; between. l $11.75 and g per ton under the steady quotations, the statement is given out on the best authority that there has been a better price obtained Tor iron In the last few days.
 conference has been called Tor to- morrow, Monday, in. the of1ce or the Tennessee Coal, Iron and Railroao Company and the indications are. tnat almost all. if not all. of the. manu- facturers will be present or represent ed in the meeting. Invitations for the conference were sent out by F. A. Burr. general sales agent of the Tenn esgee Company, and it Is understood that the purpose is to discuss condi- tions Invitations have also been re ceived by Southern iron interests in reference to a dinner of the Amerlcan , Iron and Steel Association at the wal dnrs Astoria on the evening of May 21st. There will be some representa- tives of Southern furnace interests there e1,, o. | the Sloss- -Sh efIield Steel and Iron Company, who is in charge almost ao- solutely while President S. .. Maoeh is in Rome Italy. where his daughter has been seriously Ill Tor seVera. weeks, annouces that the reports that his company intended dumping a large quantity of iron on the market at an off price was untrue and that recently some sales had been made at sl25V per ton, No foundry. He stated that the reports were not only inlurl-, ous to the company but were also rstF Af Sloss- -Shefield Steel Company will by the middle of this week have No l city furnace in full operation. This furnace has been out for more tnan ninety days during which extensive repairs was done. The twin furnace No. 2, will be blown in just as soon as there is some improvement in the demand which 1t Is believed will soon be noticed The Sloss- -Shefheld Steel and Iron Company with their furnace will have four out of seven furnaces in blast. The Alabama Consolidated Coal and Iron Company announces one of it's CSadsden furnaces in blast and the second one almost ready For the torch. The city furnace being started up this week will have daily capacity of about two hundred tons.
 The sales of iron are still in small lots. The rumors as to a war in prices has had the effect of causIns consumers holding of in anticipation that there should be better prices of- fered in the market. The statement that iron can be manufactured at $S per ton which would give a profit ot two dollars per ton on the product sold laughed at. It will be remembered that once before the Sloss-Shefheld Stel and Iron Company saw 1t to hold it's iron and as a consequence. after wards sold the product at price just four dollars more per ton than the price which was in effect when the rumors prevailed It is not denied that the Sloss- Sheffield Company has at least a million dollars worth Of iron on their yeards VI tnIs state but this is not enough to cause them any excitement or bring about any undue sIashing of prices. During the past three months the sales have been equal to the make and there is war rant for starting up one of the city furnaces this week.
 The cast iron pipe plants in this district report a better condition with stil further orders for the product in sight. There is much work being done in the cast iron pipe works al North Birmingham and the similar industries at Bessemer. twelvt miles from Birm- inEham are beginning to show some Pipe Company at North Birmingham, signs of more activity. The Dimmick If is reported was in the market for some big orders recently and succeed ed in landing some of the business, The melt at the pipe plant usually is the heaviest interests fin the districts and the prospects now are that lost time will be made up in the near fu- ture.
 The work of making improvements
 
 Coal. Iron and Railroad Company is nearing completion and by the end of a fortnight everything will be in read mess for operation. A test of the ma.