The age-herald., 1899-09-15
WOODWARD HAS
 I. 1. CORNERED 30,000 Shares In His Safety
 Vaults. HE TOLD A FRIEND TO PLAY The Stock Sold for $17 Per Share in 1898 and Yesterday Opened at $l23-How Fortunes Are
 Made and Lost
HE TOLD A FRIEND TO PLAY

Tennessee Coal and Iron company stock continues to bob up and down between Ills and b. Fortunes are made and lost in a night. shop girl could grow rich with $l00 if she had begun specula ting early in the game. T. l. continues to be the talk of the street, of the club, of the town.
 It is said that one Birmingham man-at has made so much money that he express ed himself feeling no sensation wha at making a few thousand. Others of course have lost to some extent. but others will lose more when the last of James T. Woodward's 5000 shares Is gone. The present activity brings up the story of Hen ry r. DeBardelebens turn in Wall street six or seven years ago. MT. DeBardeeben went against the steel. The market com bined against him. and it Is estimated that he lost between $750,C00 and s1,000O00. He returned to Birmingham poor man. but 1t Is said that he has recently retrieved his losses.
 Woodward Has Stock Cornered
 Jdh4cS l. NpDuWdTu, pfeSiuciil pl uie Hanover National bank, Is said to have SO,O00 shares of the stock locked up in his safe deposit vaults Mere than a month ago he advised Birmingham friend to put $5,ee9 in the stock. He insisted that his friend take the advice. When pressed for a reason he said:
 ''I can't tell you why, but put your mon ey in the stock"
 That man could have gotten 5000 easily on Wall street by divulging this informal ton. but he didn't tell it and he didn't put his good money in the stock.
 It is claimed that Mr Woodward has the stock cornered and that he predicts 200 for common. The stock exchange clique or poll, call it what you please, counts the stock every night. Every share is located. It is perfectly simple proposition to put the price at 1j0 or par. No one need be surprised if the shares sell at 90 or 175. Said to be Justlflabie It it maintained by officers of the com pany here that the great advance is per- feetly justifable and is supported by the rise in pig iron prices which will probably go to S2o within three weeks. Every one knows it is too high" said one man, but all are afraid to sell it short, except those rare geniuses who rush in where angels fear to tread.'' In the year 1887 the Tennessee company paid dividend of per cent. on the com man stock and never has paid one mill since- For five years. from 1889 to 1895 in elusive, it paid per cent on its preferred stock, and not a mill since. Last year. 1s9S it's shares were selling at SIT and yesterday it opened al s123. One day the stock opened at S110 and in less than twenty minutes was selling at $l7. In twenty-four hours there was a rise of no less than 17l4 points. The shorts were squeezed fearfuly.. Those who undertake to carry their burdens under such circum- stances have to pay large premiums, and in the end many are shaken out and so the battle goes on.
 For unes That Could Have Been Msdo. It Is interesting to note in connection with the recent active movement of Ten nessee stock the fortunes that could have been made by iudfcfous speculation on few hundred dollars
 During 1898 stock was quoted freely at ST per share. which could have been bought a margin of s2 Suppos;ng that at s20 some far-sighted speculator had set apart saD0 with which to purchase 10g shares with the determination of carrying it to $120 on the pyramid system of points, which means that at every point rise an additional 100 shares be purchased, the profit from the original purchase being sufficient to carry the additional invest ment.
 
 day this lucky individual would have found himself the owner of 2.DOO shares which would have cost him ss7.5 per share With an order to sell at S120 he would have closed out at a profit of $52. 59 per share or &05,0o0. Out of this be would have had to pay his commissions. amounting to $500 There was no time that his pyramid sys- tenn would not have fully protected him, and while his interest charge would have taken several thousand dollars out of his profits he would have received a check for something over sf0O.ooO.
 The purchaser of one hundred shares at s2o with the nerve to ride the market to 120 would have cleared a profit of $l0.006, loose could have purchased 20 shares and stood to win 5000.
 There are those who believe that when the stock goes much over $l25 it will be a good sale at that figure by placing an open order to sell in case of break in the market
 DTnC nNT TCE5 TTHITE0D MC