The Montgomery advertiser., 1909-10-25

Btrmin8n2m, Ocl- zf-tcpecihLl---An- auiries for pig iron are being received by Southern manufacturers steadily. and .. number of sales are being re- corded. The iron Is now on . hrm level at SIS per ton, No. foundry, and while no mention is made as to a higher price, there is no doubt but that an advance will certainly come on in the next few days.
 The greater portion of the business being transacted by the iron makers at present is for delivery during the first quarter of the coming year. Two or three furnace companies do not he's itate in saying that the buying for the second quarter of 1910 Is not yet on nor is there c desire that 1t be started yet awbile.
 The make in this, section of the country is at high water marx ana will be Improved more In the next Few weeks. The blowing in of the Chat tanooga furnace of the southern Iron and Steel Company, the re-orEanized Southern Steel Company. !bankrupt, is a matter of some interest. the iron maker to be started u, during this week and to be the second of the fur naces of this company to resume oper . alton under the new concern.
 Alabama has . furnace or two to go into operation In the next two weeks. while other furnaces are being put in shape rapidly to add to the production. There is no doubt but that all the Iron that will be manufactured in the South will find a good demand. Rail- roads, pipe makers. founories and ma chine shops in general and other mcr. :. CTS are buying again. Indicating that their business future looks exeeedins- |.iv bff&fft -s N z :, ys, .- Some of the furnace companies are holding back from seliing into the second quarter of next year. expeef- ing 6 better quotation, bat some com panies are willing 70 book business through the first half Of the year a' the s15 per ton rate. No. 2 foundfy, and this has opened negotiations on the part of the cast iron pipe people who have made prices to probable con- sumers of large quantity of pipe. For this reason there is a belief that be- fore long some very healthy iron buy ing is probable. provided the quota. tions are not suddenly adyanced There Ia no Iron being offered bY the brokers nndey the SIS per ton ,rate any more; in fact. the brokers do got ap. pear to be making any enefts to dis pose of iron at ali The furnace com. paiies have a very small amount oi iron on the furnace yards unsold. ap-
  that prevailed something over two years ago. There are indications that the furnace companies are holding down the market some and trying to prevent runaway market The com per,ies out of the market on business for delivery during the second quarter of the year say tkat this is custom not to sell more than three months ahead of time This has been a poucy for years with some of the companies here, but as expressed by high oni- e,al of one of the target companies. it is profitable to sell at the SIS per ton rate and for that reason such compa nies as are in the open market are booking business right along.
 There will be wage feaiignment In this section shortly. White such a move was discredited atsa meeting re- gently held by the coal operators,s II develops that the main objection was entered bv the commercial coal com panies. who have had A year and half of depression. It is now stated that some of the iron companies will advance the wages of their men. be- iieving that they are entitled 10 some of the benefits of the improved con- ditions of the times.
 The announcement that orders for steel rail and other snapes of steel have been booked which will warrant a steady operation of the big steel works at Ensley at least through the full year of 1910 and possibly longer and that other business Is in sight. IS among the most encouraging bits or information that has been given out lately. The big steel works at Ensley may shortly have to Do put on night and day turns. There is not, big supply of labor to be procured. but the entire plant will soon be working full time. Material has been ordered for the construction of two additional open hearth furnaces at the steel works and within the next eight months these will have been completed and will be fin operation. The Tennes- see Coal. Iron and Railroad Company, A subsidiary organization of the United States Steel Corporation, has started in to work on the big develop ment outlined some time ago. Con demnation proceedings have been started to secure some nEhts-of-war through property in tho western part of the county for the railroad of the company In order to get to property recently purchased and which will be used for the big development that iS in mind.
 At machine shops and foundries