The Montgomery advertiser., 1909-11-01
IRON AND STEEL REVIEW

Birmingham, Oct. s1--(SpeciaI. )--- Fifteen dollars per ton, No. 2 foundry, in the price that Is being held for Dig iron in this section. and there appears to be firmness In the market. Some rumors have prevailed that a little Iron, possibly resale iron. might be secured at 50 cents under this price but a close canvass fails to locate this iron and the market is stated to be firm at the SIS per ton rate,
 The manufacturers in this section are not selling actively. though there are numerous inquiries In hand. The sales that are being made are covering the first half Of the coming year and the indications point to the fact that by the time this year shall have rolled by the order books will contain bus mess that will about take the first six months in next year to fill. The make Is being kept at the high water mark right along. The furnaces in blast are producing iron at a lively rate. the weather conditions and the streak ot fat ore that was struck sometime ago all through the district. making q great showing.
 The production for the month of oc- tober will go above the amount pro- duced any month since September 1907 The estimates that are now being given out as to the output at the fur naces in Alabama range between 160,- 900 and 153.000 tons and little more. There has been no accumulation of iron lately in this section so that fur mace companieR in selling must figure m the probable make always. There has not been much iron selling lately for delivery during the latter part of this year.
 The various companies have about as much business in hand for the last two months as they can well care Tor though no business will beturned down that is offered for that period. The car shortage is the only thing that is IIlelv 10 throw Southern producers oi nta yron behind in the least in theii de1iveries. and as far as can be heard no complaint is yet being made on that score There is a car shortage on all right in this territory but the ral- roeda are doing all they can 70 give reIief to the industrial people ana in Iii probability the bringing in or mors cars and locomotives in the near Iu' ture will be of assistance In the prem ises. ..,,o-. ara m,
 ,shtns their business and offering 1.,IiIingiv iron under the regular quo tation is taken as a good sign oy tns uoorufa cturers. It shows strength o'
 
 the market. .., oar1oes o. rIs iron from abroad at PniIaoei. oh,a has been commented on httie Sr r,apufacturers in this section ou' If has not caused any fts to pc tnFo~n and if Is believed that beyond the rac' of stopping the runaway market nc otber effect will be noted because oi inc coming in of foreign iron.
 The visit of Charles M, Schwao nrasident and chairman of the board ns the Bethlehem Steel Company one of Inc. large independent steel conn nanies In the United States. to the Bir- ,,inghau district during the past week ...,i, he ,ca great results. 1t Is expected
 ..,ith stnndInk the visit was only ot .,s,srtv-four hours or little more dura- t,on While here. Mr. Schwab invest Sea1ad conditions in the making Of steel and steel rail. the process here attracting his attention. Sugsesuons that he gathered here will prove or interest, 1t Is believed. not only to him- sels and his company. but to the birm- tn1ham district. That Sehwab and his nnncsrn as we'll as other independent Concerns have been looking with crit IcsI eve to the Birmingham district Thst Schwab and his concern. as well as other independent concerns nave hear looking with a critical eye 10 the RirmInKham district is not denied ana many rumors are likely to obtain shortly. No definite statement was made anent the visit of MT. Schwao hevond the fact that he came here 10 zee his old friend and one admired c;eorge c. Crawford. president Of the Tennessee Coal, Iron and Railroad Company. and also to inspect the an-