The Birmingham age-herald., 1910-09-01
HEAVY MOVEMENT IN
 P|G IRON IS BEGUN South Bend Firm Buys 40,000
 Tons at One Time INQUIRIES ARE LARGE Improved Sentiment of Last Week in Finished Iron and Steel Continues
 With Big Orders Already
 Booked
 

feature of the week has been the be- ginning of what promises to be heavy buying movement in pig iron. It began with the purchase by large blow com psny at South Bend, Ind, of more than 4o,Oo0 tons of pig iron, comprising foun- dry, malleable Bessemer, high silicon and charcoal iron.
 Some of this purchase was for early delivery, while on part the shipments will run over the first eight months of next year. This transaction has brought out much inquiry from other large consum- CTS who have become convinced that it may be well to follow the example thus set. The Chicago district has inquiries for fully 5O,Oo0 tons of northern and more than 3O,OOO tons of southern for deliver les running through the first quarter and half. Pig iron sellers, both east and west, have an inquiry from a large manufac- turer of soil pipe for 15,0O0 to 3O,oOO tons for it's various foundries located In sev- eral states. Pittsbure further reports large inquiries for foundry, Ressemer basic and malleable Bessemer.
 The improved sentiment noted last week continues as to finished iron and steel. Specifications continue heavy in all lines and good inquiries are begin ming to appear. A large consumer is In the market for 10000 tons of steel bars Tor shipments running over year, and other steel bar inquiries may run the total quantity now In the market to 26,OoO tons or more. The sheet and tin plate mills are negotiating for round tonnages O. sheet and tin plate bars, and some or this business has already been closed Chicago reports a large business prospect in structural material. The plans TOT the new union depot alone in that city call for 75,00O to 100000 tons. It is now re- garded as extremely probable that Sep tember will show orders for finished iron and steel exceeding the deliveries.
 Tone of Market Improved
 Cleveland O., August 31.-The Iron Trade Review tomorrow will say:
 The buying of about 10000 tons of pig iron by blow and cast iron pipe 1n- terests and the sending of some i'm portant inquiries have improved the tone of the market and caused oe- cidedly more hopeful feeling concern ing small prospects while It IS true that the iron was sold at rather low prices considering that deliveries ex- tended into next year. It is also true that many furnace interests decline to meet the low quotations.
 The iron ore receipts from foreign countries continue heavy, especially from Sweden, Cuba and New Found land.
 The difficulty of Lake Superior ore vessels in getting cargoes is increas- ing and some of the owners are urg ing mining interests to accelerate the movement but this will possibly not be done as the ore is already coming forward more rapidly than needed by the furnaces.
 Of the 10000 tons of charcoal, basic, malleable and foundry grades puc- chased by the Oliver Chilled Flow works, South Bend, Ind, 16,000 tons were taken by M. A. Hanna and the remaining tonnage was divided among number of interests. Inquiries for about 30,000 tons of basic are still pending In St. Louis and Chicago. The leading cast iron pipe interest is said to have purchased 30,000 tons for it's various plants and other cast iron pipe interests have also been buyers. Re- ports of firmer market come from Birmingham but some southern inter ests, particularly Tennessee furnaces, are still willing to sell at low prices.
 In the eastern territory the leading soil pipe interests are inquiring for a large tonnage of pig iron.