The Montgomery advertiser., 1908-09-14
A DEMAND FOR IRON
MARKET IN ALABAMA DLsThicr
 sHows IMPROVEMENT.
r< u1u Be Necessary to start op rrcrr er rive More Bisst Iron Furnaces to Protect the
 neIfveries.

It will De necessary .~- Aya more naoeneu to start up four or nve nyo. h,.s+ iron furnaces in order 70 plo fect deliveries on pig iron TOT the
 tsrs Thsra is a fairly good demand peins % recorded and together witn .hs csr- ness already on the books. ~ ,yo. tain that there will have 70 oe
 provement in the make. , tha Tbere is Improvement noted m Ins 1pofstions for the product sIe tnn No 2 foundry, being anout av~rare, while small lots, imnneoA'e deiivery are bringing sis.5O per toI
 some little selling for denveiy ,,,ag Ing the first quarter oi sn alshama
 an,,ear,nrers are confident that ttsers is going to be steady ouslnsss fhe rorninr year. The sales maoe io. rext years delivery were at a ra's sl4 per ton, No. 2 founiry. put es is believed to be under the quo'a;i s'h;ia that w3ll prevail within snort wniie, w,
 Tha above picture is but part,ai ona of what is really looked TOT Wltu Iv, tha neut few weeks. Reports wnlon rnv,s to Birmingham are to the erect tnrf 4here will shortly be need TOT great tonnage of both iron ana
 ana the Southern producers wli o os asked to furnish their usual siiaie the needs. oa ,n
 There is some complaint raised In this district over reports sent out oI Ohio iron centres to the effect that the settlement of the coal miners strike in this State and the blowing ID of furnaces as a consequence n
 weakened the market The quotations for Southern iron given out in the dis patches sent out from the Ohio points are considerably under the quotations that are announced in this dlstrlcL in fact something like one dollar per ton
 Inouiry at the ofaces of furnace corrpanies in Birmingham elicits the Information that there is put ntLe, tt any. Iron being quoted out at $lS per ton. More than. one company has been selling small-lots iron at S13.oO per ton, No foundry, and the latter ns- ure promises to be the average prlce before another fortnight passes. Tne questioning of $14 per ton, No. foun . flrv as fair price for 1909 iron is looked upon with much significance There are some companies who are accepting a little business for next years consideration at that price. Some of the larger companies aver that that price will be und' the prices that will be in vogue the real buying begins for the first quart CT of the coming year.
 The sales made for delivery during the last quarter of the present year aggrerate well. It is announced posi- lively that by October 18th there VIII be at least four furnaces in blast whicn ara now idle. A fortnight later from that date three other furnaces will he in full operation. The output during the three last months of the year should be as large as 1t has ever been in this State. The make during the month of August went little under what it was in July but the indications &Ak F a larger output in September than dur ing any month since last October. One furnace has been blown in this month already and another blown out. The make will be increased some by this movement as the iron-naker which has been put in operation has a larger capacity than the one blown out The Republic Steel Iron Company has announced that the furnace blown out will be repaired just as rapidly as a possible and all three of the fur lSaces at Thomas, near here. will be ulaced in operation. SThe Tennessee Coal, Iron & Railroad Company has two furnaces which will be ready for the torch by the 1st of october, while two others belonging to the same company can be gotten ready for the torch within thirty days from this. That this company desires to increase its output is not to be de-
  ceived in the district and the Ten- nessee Company always gets it's share.
 There is no disturbing element in the supply of raw material The coal production is getting back into shape right along, coke ovens are being lighted. the stone quarries are adding more men to the forces and the ore mines are working steadily with a large amount of ore on the hillside ready to be transported to the fur naces, this having been accomplished during the summer.
 The statement is made on the best of authority that very little iron re- mains on the furnace yards in this district that can be called upon for the regular market. In other words, it is claimed that much of the iron that is to be seen on the yards here abouts has been sold already and only awaits instructions as to delivery. The make at present is not much more than the demand. The shipments are in the main in small lots but the ag- gregate Is strong. The conditions are fine and dandy, Tn the slang of to" day, and the prospects are just as bright as they could be desired.
 With the demand fairly good. the quotations improving right along and the prospects of a healthy demand the coming year 1t is hardly possible that a better mood could be pictured for the Alabama iron makers after hard siege of depression.
 The Southern Steel Company--A bright prospect in the industrial fu- ture in not only the Birmingham dis trict but in portions of Tennessee and small section of Georgia Is the rapid clearing up of the financial difficult ties into which the Southern Steel Company found itself a short time back. The trustees of this bankrupt company have filed a petition asking for instructions as to a disposition of the properties. The reorganization has labored hard for several months prepared a plan that looks more than feasible and that promises well and the: committee has announced inten- tions of getting down to business, the new company having been formed. The disposition of the properties by the trustees will be passed on by the cour' after the creditors have had a meet ing and statement set forth to them showing where they will come in for the amounts owing them. or anyway q part of this amount Then will come the actual preparations for opera fions The immense steel rod. wire and nail mills at Ensley. the stee plant and furnace at Gadsden, furnace at Chattanooga, ore mines In Georgts and coal, ore mines, coke ovens ana stone duarries in Alabama will give employment to three thousand people directly and indirectly. # not more. IT addition 10 giving employment to a large number of men. the starting uI of these plants will bring about activ. ity in other lines and provide con. siderable activity in the business