Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1900-01-25
GREAT PROSPERITY.
Remarkably Satisfactory Figures
Regarding the T. & c. I. Co.

| ReBarOAnR the As q W H Oos
Judging from the figures that have
recently come to hand, Tennessee Coal
& Iron quotations are likely to be much
higher in the immediate future than
they have been of late.
| For some reason or other, which was
never clear to those who are really we'll
informed in regard to this company's
property, the bears chose to begin Sc
ries OF attacks upon it's securities not
very long ago and prices wore hammer
cd down to figures far bolow previous
levels. Weak holders were shaken
OUT to a considerable extent, to use
the Wall Street phrase; when in reality
higher prices would have been more
logical than lower.
The ahsurdity of bear raids upon this
organza ion IS brought into striking re-
lief ny some figures that have recently
come To hand. 1t app ears that she net
profits Of the company this year will
not fall short of IS, 900, 900, as compared
with about 81 800 600 last year Actu-
al contracts have boen make for G00,-
900 tons of iron and steel, to be deliver
cd during the current year. and in ad-
dition TO these signed contracts there is
enough business in sight to keep all of
the plants of the company running full
time at least tan months. This means
that the surplus earning will amount
this yuar to about So, 900 900, or about
10 per cont on the common stock, after
paying the overdue cumulAted dividend
on the preferred of As per cent, and
providing for all taxes, rentals and fix
cd charges.
Tennessee Coal & Iron now owns
more furnAc stacks than any other iron
properly in the world. During the past
year the company purchased all of the
properties Of the Sheffield Co4l, Iron
and Steel Company, located on tho Ten
ncsseO River, at Sheffield, Ala. That
company had beon the chief business
competitor Of the Tennessee Coal and
Iron and It's absorption Was regarded in
Wall Strsrt as a master stroke OF sagac-
ity on the part OF President n. Baxter,
Jr., and mis- associates. The plants and
properties thus accumulated cost more
than ~, 900, 900 originally, but the COM
pany did not pay anything like that
amount for thcm.
The steel plant Of the company,
which went into operation on Dec. 1st
last, has mot with phenomenal success.
While the whole ten furnaces of the
steel plant are not yet in operation,
those that we're put in blast have con-
tinued regularly, and the quality Of
the metal produced haS been eminently
satisfactory. The plant is one of tho
largest in the world and being tho most
recently built is undoubtedly the best.
Such is the universal verdict of experts
managers and superntendents of other
famous works in this country and
abroad, who have recently visited and
inspected it.u The company has mar
ket for deliveries for the current year
for more than half of its products. at
prices entirely satisfactory to it, This,
it Will be understood, is valuable ad-
tion to the compapy's property and
from it the management confidently OK
pect most satisfactory results. 1t is al
80 understo that several new coal
mines and coke ovens, plants, the de-
vulopment and construction Of which
were undertaken last year, are now
about complete, and within very few
weeks tho output Of coal will be i'm
creased from 2, 400 to 5000 tons per day.
New York Commercial World.