The Montgomery advertiser., 1909-02-09
LOOKING TO FUTURE,
souTHERN PIC IRON MANUFACTURE
 Exag ARE HOPEFUL.
Thers as little suslneas E3eimg Done New an the nroa and steel Lame sm ThAs
 aAaRM.

Birmingharn, Feb. s.--(spectai.p--Ds- spite c Quiee pig iron and steel mar ket, the Southern manufacturers are looking to the future in g most hope ful manner and in some quarters ehe statement ie made that there will De . general recovery from the condition before the end of the rnoEh. at the aat- est
 some consolation is accepted in the fact that the quietness in the Birmins- ham IS not ae great az it Is In otber districts. There is a little business be- ing done in the iron and steel line Tn this State bat the aggregate is ftr from being satisfactory. The iuanulaceur- CTS of pig iron and steel in this dls- trict are not offering muchs if any concession on the regular quotations. No. foundry Is still being quoted ae SIS per ton, though q sale or two ur- der that price has been rumored re- cently
 productions as far as iron and steel goes In this district. The coal. ore and eohe production has been reduced Q little. There has not been any accumulation of pig iron noticed as yet and as far as can be learned the orders on hapo and the little demand that is coming in rirht along nowadays will take up
 practically all that is being turned oue at the furnaces. The consumers nave not recently ordered a halt in the nmonnf oS iron being shipped on old
 orders and there Is still some threads
 being made on iron stocks on hand. The production of raw material was cnf down for the reason that hundreds of fhoussnds of tons of ore and coke
 had been stocked up already and tne
 coaa production can be increased at
 any moment.
 that there is 10 be an improvement in the iron and steel trade in the near future that the present make VIII nov more than supply the demand. In fact,
 there are some in this district who
 believe there will be need for more
 furnaces to be blown in before long.
 Men sngrossed in thN industry Wasn M principal cause of the quietness as-
 sert that the tarift agitation has much to do with 1t while the approaching change in the Federal AdministSatio ton may have something to do with It also.
 The Birmingham district through US Commercial Club located in this city went on record recently as believing
 that the purchase of the properties of the Tennessee Coal. Iron and Railroad Company by the United states Steel Corpora tion was a good thing Tor this district. The investigation Into the purchase by the United States sen | ate, according to the resolution adopted
 here, did not do this district any good l The rumors prevailed here that there was a failure to provide apprcpria- tions for the Tennessee Company 2
 properties by the big corporation and much work which was intended may be delayed some. Experts are said 70
 have advised the big corporation that
 it would prove more profitable 70 saye BY
 more attention to the Birmingham uis- trict than to the Gary vicinity. Some announcements are expected this week in reference to the South ern Steel Company (bankrupt), the re- l organization committee to assemble m New York City tomorrow or the next day. W. P. G. Harding, President or 1 the First National Bank. of this city'
 and W. H. Hassinger. q trustee m M tne concern, and slated for president of the reorganized company. have gone to New York to attend the meeting of the Committed, The plans for the Peor- ganizatIon are said to have been agreed upon ana the same will be put into execution at once. It is now believed there win be q resumption of opera
 tions at the various plants of the company in the next few weeks, pro. vided of course, there is not too bad A condition prevailing in the iron and steel market. Mir. Hassinger, who is slated for president of the reorganized company, is a competent official and l will set up a formidable set Of ofnclaIa when he gets matters in charge.
 The appointment of receivers for the
 Birmingham Coal and Iron Company
 and the apparent embarrassment of
 that company, is believed here to be a temporary affair and within a short
 while it ia believed there will have
 been Q recapitulation and the old corn-
 pany will have been placed Ia charge