The Montgomery advertiser., 1909-04-26
A BETTER FEELING
ALABAMA FURNACES SELL LARGE
TONNAGE or IRON.
Practically Every Company In the Btr-
mingham District Has seld More
Iron Than They Could

Practically Every Company In the Btr-
misgham District Has selA More
Iron Than They Could
Birmingham. April 25--tSpecial.)---
The Alabama furnace companies have
sold a large tonnage of iron for fu.
ture delivery during the month OF
April and there IL q better feeling pre-
vailing than for-some time.
Practically every company In the
Birmingham district sold during this
month more iron, than could be pro-
duced In a month. and April will come
to an end with better satisfaction ex-
pressed over conditions and the pros
pects than for many months. There ~
talk fan advance In quotations ano
the opinion IL expressed that by the
middle OF May there win have been
81 added to the quotations on iron.
There has been no considerable differ-
ence noted In the selling price OF iron.
in this district. some Of the companies
holding firmly on to the $ll.50 per ton
No. Q foundry. price, while the
product was to have been procured
from others in this district under that
price This IL not possible any more.
The little accumulation of iron that 10
to be noticed in this section does, not
cause the least apprehension among
the iron men and there Is strong
hope that II will be necessary before
long to increase the make to keep up
with the demand.
The month Of April Will go out Just
to the reverse Of the manner in which
II came In. There were anything but
happy moods among the iron men when
the month started. while today there
are two or three of the smaller COM
panies completely out of the market
and one or two not willing to sell any
iron at present prices for delivery du-
ring the third quarter of the year at
ALL II the advance In iron does come
on about the middle OF May and the
quotation IL 1880 per ton. No. foun-
dry. 1t Is believed there will be an ef-
fort made to sell out, every ton OF prob
able make for the last half of the year.
1t Is announced that already there has
been considerable iron sold for deliv-
cry during the third quarter of the
year. the Tennessee Company, accord
ing to the general Impression, being In
the market for iron to be delivered at
any time this year.
Iron men are to be found who be-
Heve that while no boom can be looked
for in the immediate future. the con-
ditions will be much better than they
have been and that there will be need
for considerable iron.
The melt by the cast iron pipe conf
be great this year. In fact. 1t IL be-
lieyed that not only will every ton of
pipe that can be manufactured be
needed but that the yards which now
carry quite q little stock Of pipe will
be cleaned on In the near future. The
announcement that the United States
Cast Iron Pipe and Foundry Company
would ship from It's Admission. Ala.
works, $1,000 tons of pipe to San Fran
cisco, just as quickly as the pipe could
be manufactured and tested. caused
much good feeling throughout the dis
trict. This company has been ship
ping large quantities OF pipe from its
Admission and Bessener plants to Cuba
and other points. Almost all of the
cast iron plants have been getting Dus-
mess right along and one OF the prom
inent men In the trade Is authority for
the statement that there is plenty Of
business In sight to keep the plants
busy during the balance of the year.
The aggregate of business that has
been given out this year for cast iron
pipe by the West. Northwest and ex-
trense West OF the United States, will
go up into the hundreds of thousands
tons. Better prices prevail this year
than ever before. The machine shops
and foundries in this district report a
little Improvement in conditions. The
statement 10 made that PAYNE q Jou-
bert, who have a large plant at EasI
Birmingham. q suburb, are preparing
to more than double their industry
here This concern has large machine
shops and foundry in New Orleans.
also, and much Of ite product goes I'M
,toNthe Louisiana and Cuban sugar sec
tione. The. plant of this concern In this
section has been In full operation al
most since II was established here. The
capital stock has been increased from
$4,000 to 100000.
There is very little to be heard now
in this district IN the way OF an ex-
precision of apprehension as to the tar
in. The iron men are saying but little
on that subject, feeling confident that
there win be. no radical changes to In
lure the trade to any great extent.
There is1very little being said either in
this district now in reference to cut
in wages among the employees of the
big corporations.
n the fifty cents to 81 advance in
mig iron quotations comes on about the
midle OF May there will be an effort
made on the part of the manufacturers
in this district to secure business for
delivery all through the year. Three
small companies In the birmingham
district are reported as being out OF
the market altogether so far as busi-
ness is concerned at present prices for
the year The Tennessee Company Is
selling iron for delivery at any time
of the year. The S1oss-Shehield Steel
and Iron Company, which concern has
Ave furnaces In operation and sixth
one ready for the torch at any moment
Il is needed, Is not selling beyond the
third quarter and during this month
has sold more than it's probable make.
with a large tonnage above II. and not
a ton of iron. 1t is authoritatively CIV
en- out sold below $11,50 per ton. No.
2 foundry.
There are some inquiries being re-
ceived in this district for pig iron and
the prospects are decidedly more en-
couraging than they have been for
quite awhile.
The abatement of w. w. Miller. OF the
New York Sfrm of attorneys. counsel
for the~ reorganization committee of
the Southern Steel Company. who
bought in the properties at the recent
sale. that there is very little left to be
done beyond reorganizing the company
ana giving authority to the new con-
Germ to get busy rehabilitating the
plants looking to a resumption OF oper-
ations has aroused much interest as
20 how quick the work is to be done.
The general understanding is that w.
n Hasinger, who is slated for pres
tdent and general manager OF the re-
organized company, has preparations
well in hand for a reorganization OF
the laboring forces, as well as the Of
Ace forces and that there will be moth
ing in the way for q quick completion
OF the preparations and starting up Of
the work.