The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1909-10-10

vaiIing quotations, delivery IN the
future.
The make for the month of Sep
TENDER Will show an increase as COM
pared to the figures Of the output OF
the previous month. II plans formu-
lated some time back are carried out
the make in the Southern territory
should be improved greatly during
the month of October so that IN No
vember the high water mark as far
as the iron production goes can be
reached. There is positively no ap-
prehension expressed that the make
in the near future is likly to exceed
the demand. There is no fear for
while that the production is going to
cut a figure In the market conditions.
Nor is there any fear expressed in
the Southern territory that foreign
irons are going to be brought in in
quantity, now that a runaway market
is being discussed in this section.
The home consumption, in foundry,
basic and charcoal irons, is increasing
right along. The cast iron pipe plants
are operating TO the fullest capacities
and the soil pipe plants doing better
every month. The foundries and ma
chine shops are requiring more foun-
dry iron while other industries have
their hands full and are looking
ahead for still better conditions.
Charcoal iron, with but few makers
in the field in the South, has steady
demand with inquiries under constd-
GRAFTON that will require large ton
mage. The car wheel works in par
ticular in several Southern states are
enjoying g most healthy demand.
Basic iron is in sharp demand.
Seven furnaces in Alabama, Ten
nessee and other states should be put
in operation during the present
month, according to the schedule made
up during the last fortnight in indus
trial sections Averaging an output
OF $50 tons q day to each furnace the
make can be estimated nicely.
Raw material supplies are being
given some attention. The only weak
spot apparent at this writing Is in
coke and before the end Of another
twelve months additions shall nave
been made in the Southern territory
to increase the output in this regard
wonderfully.
Textiles.
Reviewing textiles in the South the
Tradesman says: The most interest
ing topic of discussion among mill
men during the past week was the
alleged pool IN yarns. Some days ago
the New York American contained a
sensational story telling of the exist
enoe of an alleged corner in cotton
yarns. by a pool headed by such well
known spectators as James Patten,
Frank B. Haynes and others. In this
story it was alleged that the pool has
already spent millions OF dollars in
buying up yarns that have been hang
ing over the market from last years
production, and that they have prac-
tically cOrnered yarns. which is the
basis OF the cotton manufacturing
industry IN this country. It Is alleged
that James B. Duke is a member of
the pool. It Is further stated that the
pool In yarns will be used to further
strengthen the corner in cotton. It is
claimed that pool now has power to
boost the price OF cotton to Is cents
within a few weeks, but that they
prefer to keep it at 10 or Il cents
until the spinners realize their power
and come into the market to stock up
for necessities.
Asked for an opinion OF the alleged
pool, numerous prominent manufac-
facturers, officials of Southern textile
associations, etc, have all expressed /
the belief that the story is fake and |
that no such pool exists.
Mr.. T. W. Crews, who is secretary |
OF the Southern Hard Yarn Spinners'
Association, was very emphatic in his |
belief that no pool in yarns has been |
effected.
During the past week yarns have |
stiffened slightly. the increase
amounting TO 1-2 to cent per pound. |
This is due principally to the contin- !
ued upshoot in raw cotton. However, |
buyer and seller are still very Ear /
apart and dealings have been on q |