The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-11-15
IRON AND STEEL REVlE w

birmingham, NOV. 14s--tSpeci6l. D.
While there Is no activity In the sell.
ing line. the Southern pig iron market
continues very strong and the manu-
facturers are not apprehensive that
the production. ever increasing, will
cause any accumulation.
All tho manufacturers In this Sec
ton of the country have sold ahead
pretty we'll, In fact large proportion
OF the probable MAKE for the hrst half
OF the coming year has been disposed
Of There is very little concession be-
ing made on the quotations that are
publicly given. almost all OF the lars-
err makers OF iron announcing SIS per
ton. No. 2 foundry. as the stated price.
delivery between now and the first
half OF the coming year.
The make in the Southern territory
Is at the high water mark. The au-
thoritatiye output in October In Ala
barna alone went to 1926 tons against
14o.o3S in October 1898 and 151.s03 in
September OF this year. In Novem Der
the indications are there will be still
larger output as the furnaces in blast
are working hard and there Is fine re-
suits from the efforts. The orders on
hand are being given every attention
and as far as can be heard the only
delay is in orders that were placed
WIN Some Oh tHS companies SEVERAL
months back when prices were at a
low ebb.
? The buyers are holding of a little
In their business in expectation that
some accumulation might take place
and scare down the prices. Reports
that iron is selling under SIS per ton
in this district cannot be verified. The
names OF companies selling under SIS
per ton are given in some of the talk
but when q visit is made to that COM
panys ONCE there is a denial. The
larger companies the Tennessee and
Sloss- Shefield Steel & Iron Compa MES
are holding their probable iron at SIS
per ton at least.
The melt in the Southern territory Is
very strong, In fact. there was hardly
a time when more iron was being
melted In the Southern territory than
now. The cast iron pipe concerns are
doing exceptionally we'll, finding a
ready demand for their product and
producing a large quantity Of pipe.
This product. too. Is being shipped out
in all directions of the country.
At the steel mills of the Tennessee
Coal, Iron & Railroad Company there
Is steady operation. Labor is needle 4
at the steel plant and at kindred In
dustrial plants In the district. All the
steel that is being manufactured Is
not being turned into rail. as some
thing like six thousand tons of plate
and bar Is being handled monthly In
this district. The preparations TO In
crease the make of steel is being fol.
lowed by preparations to Increase the
need for the product. On authority
that Is the best, a statement Is made
that the American Steel & Wire Com
pany, a subsidiary company of the
t.
use a part of the lands recently pur-
chased by tee Tennessee Coal. Iron a
Railroad Company, also q subsidiary
organization Of the big corporation. In
this district. constructing d big steel
rod. wire and nail mills and other
plants. The new construction will be
started on so that by next summer
when the steel production shall have
been improved there will be a chan
mel for its disposition. The new plan;
will be large enough to give employ.
ment to two thousand and more men
much skilled labor to be used.
Another important announcement In
the pig iron mart In this district
made during the past week was that
the directors of the SloSs-Shefleld
Steel e. Iron Company. at a meeting
in New York, had declared an extra
dividend to make up tor the differences
in the dividend during the nine months
of the strongest part of the depressi on
last year. In addition to this the regu-
lar quarterly dividend Of one and three
fourths per cent. was declared. payable
the last of the month. President J. C.
Maben Is now in New York.
The lull In the pig Iron buying has
not caused any uneasiness among the
manufacturers in the South. 1t Is be-
lieved that there viii be renewed ac-
tivity before the holiday season sets
In and that the ney buying spell will