The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-06-28
PIG IRON AND STEEL

Birmingham, June 27.-(Special)--
Mephisto! Change.
The long looked for change for the
better in the Southern pig iron anu
steel market has set in and there Is no
telling now when 1t win stop. On
| all sides the better condition Is tet
and already some of the iron manu-
facturers in the Southern territory
are withdrawing from the market
having sold ahead as much iron as
they desire to or can comfortably
care for in stipulated time. Several
of the manufacturers are conndeht
that there is to be still better prlce
for the metal within a short time wniie
and 1t will be a wise move to walt
while.
Practically every iron manufactur-
ing company in the Southern territory
has sold more iron during the month
of June than will be manufactured
and the month is not yet out ana sew
eral inquiries for some round lots are
under consideration. In ADDITION TO
making a number of sales the furnace
companies have been delivering the
product right along. AS consequence
much of the iron on the yards has
been off, a large proportion OF tna'
iron which belongs to the producing
eofhpany which has been stacked up
during the depression. Some or the
EITOn
/ is also beginning to move and 1t Is
| estimated that within another month.
should there be no unlocked for set
back, the greater portion II not all
of the accumulated stock viii have
been moved out.
The make in the Southern territory
Is to be increased to a considerable
amount during the next week or two
The Tennessee Coal, Iron and Railroad
| Company will blow in three furnaces,
possibly four. II the demand warrants
| it the -Sheffleld Steel and Iron
Company will blow in furnace. The
Central Iron Company expects to COM
plete repairs on its furnace. The Biz
mingham Coal and Iron Company Will
start up it's No. furnace to take the
place of No. Q, which will undergo
| repairing. The Republic Iron and
Steel Company will have to put out a
furnace to undergo repairing also but
no time will be lost in putting this iron
maker in shape again. The Republic
Company Is one of those out of the
market and the greater portion of its
iron on the yards to be moved out
| in the next few weeks at the latest.
The Tennessee Coal Iron and Rail-
road Company, the largest iron pro-
ducing company In the Southern ter
ritory when its plants are IN operation.
| is practically out Of the iron market,
its sales having recently aggregated
as much as the officials desire to care
for.
If all plans In hand are well laid.
the Southern Iron and Steel Company,
the successor to the Southern Steel
| Company, bankrupt, should begin on
the rehabilitation of the furnace plants
and steel works and also the steel rod,
wire and nail mills during the coming
month, looking to a big resumption
of operations early in August, If not
before.
The receipt of additional orders for
steel rail since the first order for 49,
900 tons of rail on which the resump-
ton of the big plant at Ensley was
based. gives additional encouragement
and there is indication that in the very
near future the company will have or
ders in hand that will call for some
attention and a larger output. The
Hartman railway system will take
10000 tons OF rail from the plant at
Ensley. other orders are in hand and
In sight and the prospects are very
bright at the steel works.
One hundred and seventy thousand
tons of pig iron was to be seen on fur
mace yards in Alabama on the first Of
June. OF this vast amount of iron
10000 tons belonged to brokers and
SPECTATORS, the balance to the pro-
ducing companies. Much of the iron
that belonged to the brokers and
spectators was sold In 1906 and the
stipulation was that It should not be
disposed of until 1909. Some of this
iron has been resold and moved but
there has been a large part OF the so.
900 tons belonging to the producing
companies disposed of and shipped out,
A we'll informed young man con-
nected with one OF the active iron
companies in speaking OF the general
condition said: There has been a
complete change In conditions in the
past week or two. The buying has
been steady and there is every encour-
agement now held out. The prices
cannot be held. down. The Southern
iron manufacturers are warranted
right now in holding for S12 per ton,